Fintel reports that BlackRock has filed a Form 13G/A with the SEC disclosing ownership of 18.36 million shares of Arista Networks Inc (ANET). This represents 6.0% of the company.
In their previous presentation on February 7, 2022, they reported 17.33MM shares and 5.60% of the company,
an increase in shares of 5.95% and an increase in total ownership of 0.40% (calculated as current – previous percentage of ownership).
Analysts’ price forecast suggests a 29.04% rise
As of February 1, 2023, the one-year average price target for Arista Networks is $162.62. Forecasts range from a low of $119.38 to a high of $222.60. The average price target represents an increase of 29.04% from its last reported closing price of $126.02.
The projected annual revenue for Arista Networks is $5,457MM, an increase of 38.85%. The projected annual EPS is $5.53, an increase of 45.71%.
funds sentiment
There are 1,597 funds or institutions reporting positions on Arista Networks. This is an increase of 18 owners or 1.14%.
Average Portfolio Weight of all funds US Dedicated: ANET is 0.3814%, an increase of 14.2626%. Total shares owned by institutions increased in the last three months by 0.69% to 234,964K shares.
What are the big shareholders doing?
Alliancebernstein owns 10,585,948 shares representing 3.46% ownership of the company. In its previous presentation, the firm reported owning 10,553,081 shares, representative
increase
of 0.31%. the signature
raised
its portfolio allocation in ANET by 28.05% in the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares owns 6,807,533 shares representing 2.23% of the company’s ownership. In its previous presentation, the firm reported owning 6,813,026 shares, representative
a decrease
of 0.08%. the signature
raised
its portfolio allocation in ANET by 25.43% in the last quarter.
Capital World Investors owns 6,142,331 shares representing 2.01% of the company’s ownership. In its previous presentation, the firm reported owning 7,598,018 shares, representative
a decrease
of 23.70%. the signature
raised
its portfolio allocation in ANET by 2.89% in the last quarter.
Wellington Management Group Llp owns 6,013,189 shares representing 1.97% ownership of the company. In its previous presentation, the firm reported owning 6,369,463 shares, representative
a decrease
of 5.92%. the signature
raised
its portfolio allocation in ANET by 20.25% in the last quarter.
Artisan Partners Limited Partnership owns 5,826,032 shares representing 1.91% ownership of the company. In its previous presentation, the firm reported owning 5,724,904 shares, representative
increase
of 1.74%. the signature
raised
its portfolio allocation in ANET by 27.52% in the last quarter.
Arista Networks Overview
(This description is provided by the company.)
Arista Networks is an industry leader in software-driven cloud networking solutions for large data center and campus environments. Arista’s award-winning platforms deliver availability, agility, automation analytics, and security through CloudVision® and Arista EOS®, an advanced network operating system.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.