This afternoon we watched Arista Networks Inc drop -1.4% to a price of $77.82 per share. The Large-Cap Communication Equipment company is now trading -33.01% below its average target price of $116.17. Analysts have set target prices ranging from $80.75 to $145.0 per share for Arista Networks Inc, and have given the stock an average rating of buy.
The stock has a very low short interest at 1.9%, and a short ratio of 1.43. The company's insiders own 18.16% 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 68.6% of Arista Networks Inc's shares being owned by this investor type.
Institutions Invested in Arista Networks Inc
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-12-31 | Vanguard Group Inc | 8% | 96,084,951 | $7,477,330,857 |
| 2024-12-31 | Blackrock Inc. | 7% | 85,140,121 | $6,625,604,190 |
| 2024-12-31 | FMR, LLC | 5% | 57,648,129 | $4,486,177,381 |
| 2024-12-31 | State Street Corporation | 4% | 46,218,467 | $3,596,721,087 |
| 2024-12-31 | JPMORGAN CHASE & CO | 3% | 31,663,675 | $2,464,067,178 |
| 2024-12-31 | Cresset Asset Management, LLC | 2% | 27,288,583 | $2,123,597,520 |
| 2024-12-31 | Geode Capital Management, LLC | 2% | 24,165,355 | $1,880,547,918 |
| 2024-12-31 | Alliancebernstein L.P. | 2% | 21,070,016 | $1,639,668,638 |
| 2024-12-31 | Morgan Stanley | 2% | 20,654,474 | $1,607,331,160 |
| 2024-12-31 | NORGES BANK | 1% | 12,646,642 | $984,161,676 |
Besides an analyst consensus of strong upside potential, other market factors point to there being positive market sentiment on Arista Networks Inc.
