5 Stocks that Could Skyrocket

2. Arista Networks, Inc. (NYSE:ANET)

Number of Hedge Fund Investors in Q2 2023: 62

Date of Newsletter: October 2, 2023

Title of Newsletter: Answered: Motley Fool’s “We’ve Recommended This Stock 14 Times” Teaser

Arista Networks, Inc. (NYSE:ANET) is a technology company that provides businesses with cloud networking hardware and software products. The company received a rather surprising downgrade from Piper Sandler in October, as the research firm warned about an IT slowdown and downgraded the stock to Neutral from Overweight.

After scouring through 910 hedge funds for their shareholdings during 2023’s June quarter, Insider Monkey found 62 Arista Networks, Inc. (NYSE:ANET) investors. Andreas Halvorsen’s Viking Global is the biggest hedge fund shareholder, owning two million shares that are worth $330 million.

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