This Is What Whales Are Betting On Arista Networks
Portfolio Pulse from Benzinga Insights
A large position in Arista Networks (NYSE:ANET) has been noticed, indicating a bullish stance by a wealthy individual or institution. The sentiment among big-money traders is split 50-50 between bullish and bearish. The options trades spotted include 9 puts and 1 call, with a total amount of $349,827 and $60,800 respectively. The price target for Arista Networks over the last 3 months has been between $140.0 and $180.0. The current price of ANET is up 1.22% at $177.07. Several financial institutions have maintained their ratings on Arista Networks, with price targets ranging from $175 to $225.
August 14, 2023 | 5:46 pm
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POSITIVE IMPACT
A large bullish position has been noticed in Arista Networks, with a split sentiment among big-money traders. The price target over the last 3 months has been between $140.0 and $180.0. The current price of ANET is up 1.22% at $177.07.
The large bullish position and the upward movement in the price of ANET indicate a positive short-term impact. However, the split sentiment among big-money traders could introduce some volatility. The maintained ratings and price targets by several financial institutions also suggest a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100