Weekly CFO Sells Highlight: MDRX, JDSU, CAVM, S, SPW

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Feb 27, 2011
According to GuruFocus Insider Data, the largest CFO sells during the past week are: Allscripts Healthcare Solutions Inc., JDS Uniphase Corp., Cavium Networks Inc., SPRINT NEXTEL Corp., and SPX Corp.


Allscripts Healthcare Solutions Inc. (MDRX, Financial): CFO William J Davis Sold 150,000 Shares



CFO of Allscripts Healthcare Solutions Inc. (MDRX) William J Davis sold 150,000 shares on 02/18/2011 at an average price of $20.67. Allscripts Healthcare Solutions, Inc. offers clinical software, services, information and connectivity solutions that enable physicians and healthcare providers to deliver patients safety and clinical outcomes in the US. Allscripts Healthcare Solutions Inc. has a market cap of $4 billion; its shares were traded at around $21.38 with a P/E ratio of 31.8 and P/S ratio of 5.7.


Allscripts Healthcare Solutions Inc. reported its fourth quarter 2010 results. During this quarter the company announced GAAP revenue of $316.2 million, an increase of 10% y-o-y. Total bookings grew 34% sequentially to $288.2 million and the company also completed its merger with Eclipsys Corpartion on August 24, 2010.


Hedge Fund Gurus that owns MDRX: Andreas Halvorsen of Viking Global Investors LP currently owns 6,126,000 shares of MDRX stock as of 12/31/2010, an increase of 34.05% from last holdings.


Sell: CEO Glen Tullman and CFO William J Davis sold a total of 450,000 shares of MDRX stock on 02/18/2011 at the average price of 20.67. William J Davis owns at least 227,415 shares after this. The price of the stock has increased by 3.43% since. Director Michael Kluger, Director M L Gamache, Director Philip D Green and President and Secretary Lee Shapiro all also sold shares of MDRX stock on 02/18/2011.


JDS Uniphase Corp. (JDSU, Financial): CFO David Vellequette Sold 93,333 Shares



CFO of JDS Uniphase Corp. (JDSU) David Vellequette sold 93,333 shares on 02/22/2011 at an average price of $24.81. JDSU enables broadband and optical innovation in the communications, commercial and consumer markets. Jds Uniphase Corp. has a market cap of $5.42 billion; its shares were traded at around $24.8 with a P/E ratio of 45.1 and P/S ratio of 4.


JDS Uniphase Corp. recently released its second quarter 2011 results. For this quarter the company reported net revenue of $473.5 million (GAAP) and net income of $23.6 million, which is compared to net revenue of $342.9 million and net loss of $19.5 million prior year quarter.


Sell: CFO David Vellequette sold 93,333 shares of JDSU stock on 02/22/2011 at the average price of 24.81. David Vellequette owns at least 52,029 shares after this. The price of the stock has decreased by 0.04% since.


Cavium Networks Inc. (CAVM, Financial): VP Finance & Admin CFO Arthur D Chadwick Sold 79,250 Shares



VP Finance & Admin CFO of Cavium Networks Inc. (CAVM) Arthur D Chadwick sold 79,250 shares on 02/23/2011 at an average price of $41.04. CAVIUM NETWORKS is a provider of highly integrated semiconductor products that enable intelligent processing in networking, communications, storage and security applications. Cavium Networks Inc. has a market cap of $1.97 billion; its shares were traded at around $43.66 with a P/E ratio of 112 and P/S ratio of 19.5.


Cavium Networks Inc. recently released its fourth quarter 2010 results. During this quarter the company reported net income of $34.6 million (GAAP) compared to a net loss of $4.5 million prior year quarter.


Hedge Fund Gurus that owns CAVM: Jim Simons of Renaissance Technologies LLC, Bruce Kovner of Caxton Associates, Steven Cohen of SAC Capital Advisors.


Sell: Pres., CEO, Chairman of board Syed Ali sold 125,000 shares of CAVM stock on 02/02/2011 at the average price of 42.28. VP Finance & Admin CFO Arthur D Chadwick sold 79,250 shares of CAVM stock on 02/23/2011 at the average price of 41.04. Arthur D Chadwick owns at least 47,500 shares after this. COO Rajiv Khemani , Corporate VP, IC Engineering Anil Kumar Jain and VP & GM, Broadband & Consumer Manoj Gujral all sold shares of CAVM stock in February.


SPRINT NEXTEL Corp. (S, Financial): CFO Robert H Brust Sold 67,441 Shares



CFO of SPRINT NEXTEL Corp. (S) Robert H Brust sold 67,441 shares on 02/23/2011 at an average price of $4.16. Sprint Nextel offers a comprehensive range of wireless and wireline communications services to consumer, business and government customers. Sprint Nextel Corp. has a market cap of $12.86 billion; its shares were traded at around $4.31 with and P/S ratio of 0.4.


SPRINT NEXTEL Corp. recently reported that for its fourth quarter 2010, the company added a record of 1.1 million total wireless subscribers.


David Einhorn of Greenlight Capital Inc recently bought shares of S stock and now owns 55,900,000 shares as of 12/31/2010. Mario Gabelli of GAMCO Investors added shares of S stock and owns 24,885,021 shares as of 12/31/2010.


Sell: CFO Robert H Brust sold 67,441 shares of S stock on 02/23/2011 at the average price of 4.16. Robert H Brust owns at least 664,044 shares after this. The price of the stock has increased by 3.61% since.


SPX Corp. (SPW, Financial): EVP & CFO Patrick J Oleary Sold 66,811 Shares



EVP & CFO of SPX Corp. (SPW) Patrick J Oleary sold 66,811 shares on 02/23/2011 at an average price of $81.32. SPX Corporation is a provider of technical products and systems, industrial products and services, service solutions and vehicle components. Spx Corp. has a market cap of $3.97 billion; its shares were traded at around $79.01 with a P/E ratio of 21.8 and P/S ratio of 0.8. The dividend yield of Spx Corp. stocks is 1.2%. Spx Corp. had an annual average earning growth of 3.7% over the past 10 years.


For its fourth quarter 2010, SPX Corp. reported revenues of


James Barrow of Barrow, Hanley owns 1,033,159 shares of SPX stock as of 12/31/2010. PRIMECAP Management owns 433,400 shares of SPX stock as of 12/31/2010.


Sell: EVP & CFO Patrick J Oleary sold 66,811 shares of SPW stock on 02/23/2011 at the average price of 81.32. Patrick J Oleary owns at least 193,022 shares after this. The price of the stock has decreased by 2.84% since.


For the complete list of stocks that Sold by their CFOs, go to: Insider Buys.