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
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 9% | 27,814,624 | $4,762,976,366 |
| 2023-06-30 | Blackrock Inc. | 6% | 17,872,231 | $3,060,440,934 |
| 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 | Alliancebernstein L.P. | 3% | 9,265,081 | $1,586,552,521 |
| 2023-06-30 | FMR, LLC | 3% | 7,802,769 | $1,336,146,206 |
| 2023-06-30 | Morgan Stanley | 2% | 5,421,060 | $928,302,344 |
| 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.
