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.
