Institutional investor boosts Arista Networks stake as company beats earnings and revenue estimates.

Institutional investor TrueWealth Advisors LLC increased its stake in Arista Networks (ANET) by 6.3%, acquiring 336 additional shares in Q1, now holding $437,000 worth of stock. Arista Networks reported earnings of $0.65 per share, surpassing the $0.59 consensus and a revenue of $2 billion, exceeding analyst estimates of $1.97 billion. The stock has a "Moderate Buy" rating with a price target of $107.47.