PDT Partners tripled its stake in Arista Networks, a company that beat Q2 earnings forecasts.

Investment company PDT Partners LLC has significantly increased its stock position in Arista Networks, Inc., owning 76,810 shares, reflecting a 344% rise. Arista Networks reported strong Q2 2021 earnings of $0.73 per share, exceeding analyst forecasts. The company has a market cap of $171.51 billion and a P/E ratio of 53.67. Despite insider selling, analysts maintain a "Moderate Buy" rating with a target price of $138.07.