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Michael Michaud is the founder of Invest2Success.com (http://www.invest2success.com/) and the Invest2Success Blog (http://invest2success.blogspot.com/). He has been investing and trading in the financial markets since 1989. He founded Invest2Success.com to empower individual institutional... More
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  • Stock Insiders Buys And Sells 0 comments
    Mar 18, 2013 6:39 PM | about stocks: AKAM, DRC, MDRX, MTG, CDXS, AMP, SBH, BLOX, CAR

    March 18, 2013 - Stock Insiders Buys and Sells by GuruFocus

    Akamai Technologies, Inc. (NASDAQ:AKAM): CEO F. Thomson Leighton Bought 30,000 Shares

    CEO of Akamai Technologies, Inc. (AKAM) F. Thomson Leighton bought 30,000 shares on March 13, 2013 at an average price of $34.59. Akamai Technologies, Inc. was incorporated in Delaware in 1998. Akamai Technologies, Inc. has a market cap of $6.17 billion; its shares are traded at around $34.59 with a P/E ratio of 30.9598 and a P/S ratio of 4.5893. Akamai Technologies, Inc. had an annual average earnings growth of 26.3% over the past 10 years.

    AKAM recently reaffirmed its first quarter 2013 guidance. The company announced that it continues to expect first quarter revenue in the range of $352 million to $362 million, adjusted EBITDA margins in the range of 42 to 43 percent, and normalized net income per diluted share in the range of $0.50 to $0.52.

    John Hussman owns 500,000 shares as of December 31, 2012, which accounts for 0.54% of the $3.8 billion portfolio of Hussman Economtrics Advisors. PRIMECAP Management owns 82,000 shares as of December 31, 2012, which accounts for 0.0054% of the $61.82 billion portfolio of PRIMECAP Management.

    Director George H. Conrades bought 27,325 shares of AKAM stock on February 12, 2013 at the average price of 36.74. George H. Conrades owns at least 798,634 shares after this. The price of the stock has decreased by 5.85% since.

    Dresser-Rand Group, Inc. (NYSE:DRC): President and CEO Vincent R. Volpe, Jr. Bought 17,680 Shares

    President and CEO of Dresser-Rand Group, Inc. (DRC) Vincent R. Volpe, Jr. bought 17,680 shares on March 8, 2013 at an average price of $60.91. Dresser-Rand Group Inc. is a Delaware corporation formed in October 2004. Dresser-Rand Group, Inc. has a market cap of $4.62 billion; its shares are traded at around $60.91 with a P/E ratio of 25.9067 and a P/S ratio of 1.6966. Dresser-Rand Group, Inc. had an annual average earnings growth of 2.6% over the past 5 years.

    Dresser-Rand recently reported net income of $80.2 million, or $1.05 per diluted share, for the fourth quarter of 2012, which compares with a net income of $68.9 million, or $0.91per diluted share, for the fourth quarter 2011. Net income was $179.0 million, or $2.35 per diluted share, for 2012, which compares with net income of $120.8 million, or $1.54 per diluted share, for 2011.

    Jean-Marie Eveillard owns 820,890 shares as of December 31, 2012, which accounts for 0.16% of the $28.07 billion portfolio of First Eagle Investment Management, LLC. John Keeley owns 561,549 shares as of December 31, 2012, which accounts for 0.7% of the $4.48 billion portfolio of Keeley Fund Management.

    Allscripts-Misys Healthcare Solutions, Inc. (NASDAQ:MDRX): CEO and President Paul Black Bought 23,625 Shares

    CEO and President of Allscripts-Misys Healthcare Solutions, Inc. (MDRX) Paul Black bought 23,625 shares on March 12, 2013 at an average price of $13.81. Allscripts-Misys Healthcare Solutions, Inc. is a provider of clinical, financial, connectivity and information solutions and related professional services that empower hospitals, physicians and post-acute organizations to deliver world-class outcomes. Allscripts-Misys Healthcare Solutions, Inc. has a market cap of $2.39 billion; its shares are traded at around $13.81 with a P/E ratio of 51.8 and a P/S ratio of 1.7062. Allscripts-Misys Healthcare Solutions, Inc. had an annual average earnings growth of 28.7% over the past 5 years.

    MDRX recently reported its fourth quarter 2012 financial results. The company announced GAAP revenue of $350.9 million and non-GAAP revenue of $368.0 million. This compares with GAAP and non-GAAP revenue of $388.2 and $389.2 million, respectively, in the fourth quarter of 2011.

    Third Avenue Management bought 1,235,495 shares in the quarter that ended on December 31, 2012, which is 0.25% of the $4.63 billion portfolio of Third Avenue Management. Edward Owens owns 3,787,009 shares as of December 31, 2012, an increase of 55.24% from the previous quarter. This position accounts for 0.094% of the $37.82 billion portfolio of Vanguard Health Care Fund.

    Director Dennis Chookaszian bought 40,000 shares of MDRX stock on March 12, 2013 at the average price of 12.53. Dennis Chookaszian owns at least 75,595 shares after this. The price of the stock has increased by 10.22% since.

    MGIC Investment Corporation (NYSE:MTG): Chairman and CEO Curt S. Culver Bought 50,000 Shares

    Chairman and CEO of MGIC Investment Corporation (MTG) Curt S. Culver bought 50,000 shares on March 7, 2013 at an average price of $4.91. MGIC Investment Corporation is a Wisconsin corporation organized in 1984. Mgic Investment Corporation has a market cap of $993.314 million; its shares are traded at around $4.91 with and a P/S ratio of 0.7192.

    John Griffin owns 9,900,600 shares as of December 31, 2012, which accounts for 0.37% of the $7.19 billion portfolio of Blue Ridge Capital.

    Executive Vice President and CFO Jon Michael Lauer bought 50,000 shares of MTG stock on March 7, 2013 at the average price of 3.79. Jon Michael Lauer owns at least 930,391 shares after this. The price of the stock has increased by 29.55% since.

    Codexis, Inc. (NASDAQ:CDXS): President and CEO John J. Nicols Bought 81,000 Shares

    President and CEO of Codexis, Inc. (CDXS) John J. Nicols bought 81,000 shares during the past week at an average price of $2.52. Codexis, Inc. was incorporated in Delaware in January 2002. Codexis, Inc. has a market cap of $94.2559 million; its shares were traded at around $2.52 with and P/S ratio of 0.8015.

    Codexis recently reported its fourth quarter 2012 financial results. Revenues for the fourth quarter of 2012 were $7.9 million, a 76% decrease from $33.5 million in the fourth quarter of 2011.

    Senior Vice President and CFO David D. O'Toole bought 10,000 shares of CDXS stock on March 4, 2013 at the average price of 2.02. David D. O'Toole owns at least 115,384 shares after this. The price of the stock has increased by 24.75% since.

    Insider Sell Commentary

    According to GuruFocus Insider Data, the largest CFO sells during the past week were: Ameriprise Financial Inc., Sally Beauty Holdings Inc., Infoblox Inc., Zipcar Inc, and Cameron International Corporation.

    Ameriprise Financial Inc. (NYSE:AMP): Executive VP and CFO Walter Stanley Berman Sold 110,792 Shares Executive Vice President and CFO Walter Stanley Berman sold 110,792 shares of AMP stock on March 6, 2013 at the average price of $70.25. Walter Stanley Berman owns at least 50,341 shares after this. The price of the stock has increased by 6.09% since.

    Ameriprise Financial Inc. was formed in 1983 as a Delaware corporation in connection with American Express Company's 1984 acquisition of IDS Financial Services from Alleghany Corporation. Ameriprise Financial Inc. has a market cap of $15.12 billion; its shares were traded at around $74.53 with a P/E ratio of 16.051 and P/S ratio of 1.614. The dividend yield of Ameriprise Financial Inc. stocks is 2.15%.

    Ameriprise Financial Inc. has released its fourth quarter 2012 results. Fourth quarter income from continuing operations was $388 million ($1.80 per share), compared to $223 million ($0.95 per share) a year ago. Operating net revenues increased 6% year-over-year to $2.6 billion, with operating expenses increasing 5% to $2.2 billion.

    Chairman and CEO James M. Cracchiolo sold 33,414 shares of AMP stock on March 5, 2013 at the average price of $70.42. Executive Vice President Deirdre Davey Mcgraw and other multiple insiders all also sold shares of AMP stock during the past week.

    Sally Beauty Holdings Inc. (NYSE:SBH): Senior VP and CFO Mark J. Flaherty Sold 96,250 Shares Senior Vice President and CFO Mark J. Flaherty sold 96,250 shares of SBH stock on March 6, 2013 at the average price of $29. Mark J. Flaherty owns at least 45,368 shares after this. The price of the stock has increased by 0.21% since.

    Sally Beauty Holdings Inc. began operations with a single store in New Orleans in 1964 and was acquired in 1969 by its former parent Company, Alberto-Culver. Sally Beauty Holdings Inc. has a market cap of $5.11 billion; its shares were traded at around $29.06 with a P/E ratio of 20.7469 and P/S ratio of 1.5239. Sally Beauty Holdings Inc. had an annual average earnings growth of 14.7% over the past 5 years. GuruFocus rated Sally Beauty Holdings Inc. the business predictability rank of 4-star.

    Sally Beauty has released its first quarter 2013 results. For this quarter, consolidated net sales increased 4.7% from the first quarter of 2012 to $905.4 million, with same store sales growth of 2.8%. First quarter 2013 net income was $59 million, a 5.9% increase over adjusted first quarter 2012 income of $55.7 million. The diluted EPS was $0.32, compared to the first quarter 2012 adjusted EPS of $0.29.

    Chairman, President and CEO Gary Winterhalter sold 170,000 shares of SBH stock on March 8,2013 at the average price of $29.53. Vice President, Chief Accounting Office, and Controller Janna Minton sold 8,250 shares of SBH stock on March 6, 2013 at the average price of $29.25.

    Infoblox Inc. (NYSE:BLOX): CFO Remo Canessa Sold 94,000 Shares CFO Remo Canessa sold 94,000 shares of BLOX stock on March 11, 2013 at the average price of $21.7. Remo Canessa owns at least 397,892 shares after this. The price of the stock has increased by 0.18% since.

    Infoblox Inc. was originally incorporated in Illinois in February 1999 and reincorporated in Delaware in May 2003. Infoblox Inc. has a market cap of $1.07 billion; its shares were traded at around $21.74 with and P/S ratio of 4.3745.

    Infoblox Inc. recently reported second quarter 2013 net revenue of $54.4 million, a 32% increase from prior year quarter. The GAAP net loss was $3.0 million ($0.07 per share), compared to a net loss of $1.1 million ($0.10 per share) prior year quarter. Non-GAAP income was $3.0 million ($0.06 per share) compared to $1.6 million last year.

    President and CEO Robert D. Thomas sold 107,135 shares of BLOX stock on March 6, 2013 at the average price of $21.83. Director Michael L. Goguen, Executive Vice President, Engineering Sohail M. Parekh, and other multiple insiders all also sold shares of BLOX stock.

    Zipcar Inc. (ZIP): CFO Edward G. Goldfinger Sold 70,163 Shares CFO Edward G. Goldfinger sold 70,163 shares of ZIP stock on March 11, 2013 at the average price of $12.24. The price of the stock has decreased by 67.73% since.

    Zipcar Inc. was incorporated in Delaware in January 2000. Zipcar Inc. has a market cap of $500.642 million; its shares were traded at around $3.95 with a P/E ratio of 34.965 and P/S ratio of 1.8252.

    Zipcar Inc. has released its fourth quarter 2012 results. Fourth quarter revenue increased 12% to $70.7 million, and GAAP net income grew to $13.8 million ($0.34 per diluted share) from $3.9 million ($0.09 per share) prior year quarter.

    Chairman of the Board and CEO Scott W. Griffith sold 25,580 shares of ZIP stock on March 11, 2013 at the average price of $12.25.

    Cameron International Corporation (NYSE:CAM): Senior VP and CFO Charles M. Sledge Sold 63,728 Shares Senior Vice President and CFO Charles M. Sledge sold 63,728 shares of CAM stock on March 15, 2013 at the average price of $67. Charles M. Sledge owns at least 100,226 shares after this. The price of the stock has decreased by 0.45% since.

    Cooper Cameron Corporation, a Delaware corporation, was incorporated on November 10, 1994. Cameron International Corporation has a market cap of $16.52 billion; its shares were traded at around $66.7 with a P/E ratio of 22.0751 and P/S ratio of 1.9451. Cameron International Corporation had an annual average earnings growth of 20.9% over the past 10 years. GuruFocus rated Cameron International Corporation the business predictability rank of 4-star.

    Cameron International Corporation reported fourth quarter 2012 GAAP net income of $218.3 million ($0.88 per diluted share), compared to the fourth quarter 2011 EPS of $0.40. Revenues increased to $2.4 billion, up 20% from the $2 billion generated prior year quarter.

    Senior Vice President James E. Wright sold 21,728 shares of CAM stock on March 14, 2013 at the average price of $66.38.

    Insider Cow

    Profit From Insider Trading
    Insider behavior matters because research based on real-time signals has shown that a properly modeled picture of insider actions can provide the most accurate reflection of the prospects for the company, industry, economic sector, or even the stock market in general, going forward. This makes perfect sense from an intuitive perspective. Corporate insiders possess all the necessary skills and characteristics that one could use to describe the "successful" investor. These include: A deep knowledge and understanding of the company and/or industry; A demonstrated ability to produce success; The training necessary to understand risk and to control it; The wherewithal (capital) to take advantage of opportunity when it presents itself and finally; A tendency to go against the crowd. In general, insider buys are more useful. Since insiders have exclusive information on the company performance, if they are risking their own money on the stock, usually they should have good reasons, especially when several insiders buy the stock at the same time.

    What Is Legal and Illegal Insider Trading?

    Insider trading can commonly mean two things. Illegal and legal insider trading. In the simplest terms its the buying or selling of a security by someone who has access to material nonpublic information about the security.

    Insider trading can either be legal or illegal. Its illegal when information about a company is not public and any trading done with its stock is unfair to other investors and traders who don't know or have access to the information. So illegal insider trading normally happens when others are informed of such non-public information. Company directors and board members as well as brokers and close relatives can be found guilty of insider trading.

    Legal insider trading is when company information has been made public, then the company insider does not have an advantage over other investors and traders. Part of legal insider trading practices is the filing of all insider transactions with the Federal Securities Exchange Commission. The potential exists for non-insiders to profit from insider buying and selling is to analyze company insiders buy sell transaction reports. If an insider is buying or selling especially in large amounts it could be an indication the companies earnings performance and subsequent stock price could be affected providing reqular investors and traders to profit from.

    Guru Focus

    Stock Picks of Guru Investors
    GuruFocus is dedicated to value investing. As employed by Warren Buffett, the greatest investor of all time, value investing is the only winning strategy for the long term. GuruFocus hosts numerous value screeners and research tools, and regularly publishes articles about value investing strategies and ideas. GuruFocus also publishes three newsletters: Monthly Ben Graham Net-Net, Buffett-Munger Best Bargains and Microcap Magic Formula Stocks.

    Why Track Insiders Buying and Selling Their Own Stock?

    Insider behavior matters because research based on real-time signals has shown that a properly modeled picture of insider actions can provide the most accurate reflection of the prospects for the company, industry, economic sector, or even the stock market in general, going forward.

    This makes perfect sense from an intuitive perspective. Corporate insiders possess all the necessary skills and characteristics that one could use to describe the "successful" investor. These include: A deep knowledge and understanding of the company and/or industry; A demonstrated ability to produce success; The training necessary to understand risk and to control it; The wherewithal (capital) to take advantage of opportunity when it presents itself and finally; A tendency to go against the crowd.

    Further, insider buys are especially useful. Since insiders have exclusive information on the company performance, if they are risking their own money on the stock, usually they should have good reasons, especially when several insiders buy the stock at the same time.

    Stocks: AKAM, DRC, MDRX, MTG, CDXS, AMP, SBH, BLOX, CAR
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