Fri, Mar 20, 2026
Mar 20
108,940 shares @ $65.45
Decreased holdings by -5.30%
7th largest trade (out of 424)
📍 ANET ThesisConcentrates 99% of 205 backtested trades in ANET, which has averaged +92.5% @730d vs SPY. Their own timing adds only +4.2% on top — this is thesis validation, not market-timing skill. Methodology →
Large TradeCluster Buy
Trade made by an officer
Part of a cluster of 2 transactions by 2 insiders
31% win rate · -9.2% median edge vs SPY (331 trades, 90-day)
Price 12% below 200-day moving average