Shares of Arista Networks fell to $380.26 during today's afternoon trading session. Despite the -1.6% change, the Large-Cap Communication Equipment company still trades 5.35% above its average analyst target price of $360.94. So there may be further downside for the Communication Equipment stock. Arista Networks has target prices ranging from $265.0 to $430.0 per share, and its average rating is buy.
Arista Networks's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.1%. The stock's short ratio is 1.82. The company's insiders own 18.2% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 70.8%. In conclusion, we believe there is positive market sentiment regarding Arista Networks.
Institutions Invested in Arista Networks
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Vanguard Group Inc | 7% | 23,391,956 | $8,895,025,416 |
| 2024-06-30 | Blackrock Inc. | 6% | 20,089,401 | $7,639,195,820 |
| 2024-06-30 | FMR, LLC | 5% | 14,232,275 | $5,411,965,030 |
| 2024-06-30 | State Street Corporation | 3% | 10,826,526 | $4,116,894,882 |
| 2024-06-30 | JP Morgan Chase & Company | 3% | 8,461,801 | $3,217,684,530 |
| 2024-06-30 | Alliancebernstein L.P. | 3% | 7,968,298 | $3,030,025,075 |
| 2024-06-30 | Cresset Asset Management, LLC | 2% | 7,727,207 | $2,938,347,809 |
| 2024-06-30 | Capital World Investors | 2% | 7,615,179 | $2,895,748,040 |
| 2024-06-30 | Geode Capital Management, LLC | 2% | 5,635,330 | $2,142,890,640 |
| 2024-06-30 | Morgan Stanley | 2% | 4,955,522 | $1,884,386,844 |
