This afternoon we watched Arista Networks drop -8.0% to a price of $171.24 per share. The large-cap Computer Equipment company is now trading -14.62% below its average target price of $200.56. Analysts have set target prices ranging from $154.0 to $230.0 per share for Arista Networks, and have given the stock an average rating of buy.
The stock has a very low short interest at 1.2%, and a short ratio of 1.73. The company's insiders own 22.66% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 68.0% of Arista Networks's shares being owned by this investor type.
Institutions Invested in Arista Networks
|2023-06-30||Vanguard Group Inc||9%||27,814,624||$4,762,976,366|
|2023-06-30||Cresset Asset Management, LLC||4%||11,136,616||$1,907,034,185|
|2023-06-30||State Street Corporation||3%||10,280,987||$1,760,516,270|
|2023-06-30||Capital World Investors||3%||9,819,327||$1,681,461,609|
|2023-06-30||Geode Capital Management, LLC||1%||4,563,941||$781,529,281|
|2023-06-30||Capital Research Global Investors||1%||3,848,311||$658,984,796|
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Arista Networks.