Arista Networks – Analyzing the Change in Market Sentiment

This morning we watched Arista Networks rise 4.6% to a price of $273.94 per share. The Large-Cap Communication Equipment company is now trading -6.39% below its average target price of $292.65. Analysts have set target prices ranging from $210.0 to $356.0 per share for Arista Networks, and have given the stock an average rating of buy.

The stock has a very low short interest at 0.9%, and a short ratio of 1.05. The company's insiders own 18.29% 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 70.1% of Arista Networks's shares being owned by this investor type.

Institutions Invested in Arista Networks

Date Reported Holder Percentage Shares Value
2023-12-31 Vanguard Group Inc 9% 29,494,876 $8,079,826,403
2023-12-31 Blackrock Inc. 6% 18,421,367 $5,046,349,320
2023-12-31 State Street Corporation 3% 10,579,298 $2,898,092,919
2023-12-31 Capital World Investors 3% 10,136,348 $2,776,751,195
2023-12-31 FMR, LLC 3% 9,439,912 $2,585,969,516
2023-12-31 Cresset Asset Management, LLC 3% 9,442,797 $2,586,759,833
2023-12-31 Alliancebernstein L.P. 2% 7,465,366 $2,045,062,380
2023-12-31 JP Morgan Chase & Company 2% 6,580,801 $1,802,744,642
2023-12-31 Morgan Stanley 2% 5,571,856 $1,526,354,246
2023-12-31 Capital Research Global Investors 2% 5,074,398 $1,390,080,600

Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Arista Networks.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.