Arista Networks shares fell -7.1% this morning to a price of $400.45. The stock is still trading within range of its average target price of $383.0, and over the last 52 weeks, it has recorded a 90.4% performance. Analysts have given the Large-Cap Communication Equipment stock target prices ranging from $265.0 to $480.0 dollars per share, with an average rating of buy.
The stock has an average amount of shares sold short at 4.1%, and a short ratio of 1.73. The company's insiders own 18.2% 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 70.7% of Arista Networks's shares being owned by this investor type.
Institutions Invested in Arista Networks
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Vanguard Group Inc | 7% | 23,391,956 | $9,367,309,065 |
| 2024-06-30 | Blackrock Inc. | 6% | 20,089,401 | $8,044,800,875 |
| 2024-06-30 | FMR, LLC | 5% | 14,232,275 | $5,699,314,697 |
| 2024-06-30 | State Street Corporation | 3% | 10,826,526 | $4,335,482,468 |
| 2024-06-30 | JP Morgan Chase & Company | 3% | 8,461,801 | $3,388,528,313 |
| 2024-06-30 | Alliancebernstein L.P. | 3% | 7,968,298 | $3,190,905,031 |
| 2024-06-30 | Cresset Asset Management, LLC | 2% | 7,727,207 | $3,094,360,137 |
| 2024-06-30 | Capital World Investors | 2% | 7,615,179 | $3,049,498,523 |
| 2024-06-30 | Geode Capital Management, LLC | 2% | 5,635,330 | $2,256,667,967 |
| 2024-06-30 | Morgan Stanley | 2% | 4,955,522 | $1,984,438,845 |
Besides an analyst consensus of little upside potential, other market factors point to there being mixed market sentiment on Arista Networks.
