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arista networks sees significant institutional investment and stock upgrades

Vanguard Group Inc. significantly increased its stake in Arista Networks, owning over 96 million shares valued at $10.6 billion after a recent purchase. Other institutional investors, including FMR LLC and Cresset Asset Management, also raised their positions substantially. UBS Group upgraded Arista Networks to a "buy" rating with a price target of $115, indicating a potential upside of 36.37%. The stock has shown strong performance, with a market cap of $106.35 billion and a recent EPS of $0.59, surpassing estimates.

arista networks sees significant institutional investment and analyst upgrades

Toronto Dominion Bank increased its stake in Arista Networks to 564,027 shares, valued at $62.34 million, after acquiring 424,315 shares last quarter. DigitalBridge Group and University of Texas Texas AM Investment Management also significantly boosted their holdings, with hedge funds owning 82.47% of the stock. Analysts maintain a "Moderate Buy" rating, with price targets raised by UBS Group and others, reflecting positive sentiment despite recent insider selling.

arista networks insider trading and institutional investment activity update

Arista Networks' stock was sold at an average price of $349.55, totaling $556,483.60, with the senior vice president now owning 186,600 shares valued at $65.2 million. Insiders sold 58,346 shares worth $21.6 million in the last ninety days, while institutional investors hold 82.47% of the stock. UBS Group raised its target price for Arista from $369 to $425, indicating a potential upside, amidst mixed ratings from analysts.
18:54 08.11.2024
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