Institutional investors boosted holdings in Arista Networks after its strong earnings report.

Voloridge Investment Management and WorldQuant Millennium Advisors have significantly increased their holdings in Arista Networks, a tech company that recently exceeded earnings expectations with a $0.65 per share earnings report and $2 billion in revenue. Analysts predict a 2.2 EPS for the year and have given a "Moderate Buy" rating with a target price of $107.14. Institutional investors own 82.47% of the company's stock.