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Weekly Top Insider Sells: NTAP, HNZ, DISCA, ATML and SWN

June 05, 2011 | About:
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According to GuruFocus Insider Data, these are the largest insider sells during the past week.

NetApp Inc. (NTAP): Executive VP, CFO Steven J. Gomo sold 222,003 Shares

Executive VP, CFO of NetApp Inc. (NTAP) Steven J. Gomo sold 222,003 shares on 05/27/2011 at an average price of $51.94.

NetApp Inc., formerly Network Appliance Inc., is a provider of innovative data management solutions that simplify the complexity of storing, managing, protecting, and retaining enterprise data. NetApp Inc. has a market cap of $19.11 billion; its shares were traded at around $51.94 with a P/E ratio of 30.4 and P/S ratio of 3.7. NetApp Inc. had an annual average earnings growth of 13% over the past 10 years.

On May 25, 2011, NetApp reported results for the fourth quarter and fiscal year 2011, which ended April 29, 2011. Revenues for the fourth quarter of fiscal year 2011 totaled $1.428 billion compared to revenues of $1.172 billion for the same period one year ago. For the fourth quarter of fiscal year 2011, GAAP net income was $160.6 million, or $0.40 per share compared to GAAP net income of $145.1 million, or $0.40 per share for the same period a year ago.

Sell: Executive VP, Field Operations Robert E. Salmon sold 62,170 shares of NTAP stock on 12/08/2010 at the average price of 54.1. Robert E. Salmon owns at least 21,534 shares after this. The price of the stock has decreased by 3.99% since.

H.J. Heinz Company (HNZ): EVP and CFO Arthur B. Winkleblack sold 99,175 Shares

EVP and CFO of H.J. Heinz Company (HNZ) Arthur B. Winkleblack sold 99,175 shares on 05/31/2011 at an average price of $53.2.

H.J. Heinz Company and its subsidiaries manufacture and market an extensive line of processed food products throughout the world. H.J. Heinz Company has a market cap of $17.12 billion; its shares were traded at around $53.2 with a P/E ratio of 17.3 and P/S ratio of 1.6. The dividend yield of H.J. Heinz Company stocks is 3.4%. H.J. Heinz Company had an annual average earnings growth of 4.7% over the past 10 years.

On May 26, 2011, Heinz delivered strong fiscal 2011 results with record full-year sales of $10.7 billion, record total company net income of $990 million (up 14.4%) and record operating free cash flow of $1.26 billion. Heinz also reported fourth-quarter growth of 6% in sales, 15% in EPS ($0.69) and 16.4% in net income. It raised its annualized dividend 6.7% to $1.92.

Sell: Director Nelson Peltz sold 792,751 shares of Heinz stock on 03/21/2011 at the average price of $49.09. Nelson Peltz owns at least 2,047,334 shares after this. The price of the stock has increased by 8.37% since.

Discovery Communications Inc. Series A (DISCA): Founder John S. Hendricks sold 100,000 Shares

Founder of Discovery Communications Inc. Series A (DISCA) John S. Hendricks sold 100,000 shares on 06/01/2011 at an average price of $41.96.

Discovery Communications Inc., formerly Discovery Holding Company, is a holding company that conducts operations through its two wholly owned operating subsidiaries, Ascent Media Group LLC and Ascent Media CANS LLC. Discovery Communications Inc. Series A has a market cap of $11.93 billion; its shares were traded at around $41.96 with a P/E ratio of 22 and P/S ratio of 3.2. Discovery Communications Inc. Series A had an annual average earnings growth of 115.7% over the past five years.

On April 28, 2011, Discovery Communications announced first-quarter 2011 financial highlights:

revenues increased 9% to $951 million. Adjusted OIBDA increased 17% to $427 million. Net income increased to $305 million (up 20% excluding one-time items). Free cash flow increased 81% to $206 million. Repurchased 4.7 million shares for an aggregate purchase price of $167 million

Sell: Director, 10% Owner John C. Malone sold 86,078 shares of DISCA stock on 05/02/2011 at the average price of $40.03. John C. Malone owns at least 5,116,922 shares after this. The price of the stock has increased by 4.82% since.

Atmel Corp. (ATML): EVP & COO Walter Lifsey sold 290,000 Shares

EVP & COO of Atmel Corp. (ATML) Walter Lifsey sold 290,000 shares on 06/02/2011 at an average price of $14.3.

Atmel Corporation is a global semiconductor company that designs, develops, manufactures and sells a wide range of highly integrated semiconductor integrated circuit products. Atmel Corp. has a market cap of $6.53 billion; its shares were traded at around $14.3 with a P/E ratio of 23.8 and P/S ratio of 4.

On May 4, 2011, Atmel announced financial results for its first quarter ended March 31, 2011. Revenues for the first quarter of 2011 were $461.4 million, a 1% increase compared to $457.8 million for the fourth quarter of 2010, and a 32% increase compared to $348.5 million for the first quarter of 2010. First quarter 2010 results include revenues and operating results from the former Smart Card business which was divested at the end of the third quarter of 2010. Adjusting for the Smart Card divestiture, first-quarter revenues increased 43% from the first quarter of the prior year.

Sell: Director Charles Carinalli sold 30,000 shares of Atmel stock on 05/10/2011 at the average price of 15.25. Charles Carinalli owns at least 98,500 shares after this. The price of the stock has decreased by 6.23% since.

Southwestern Energy Company (SWN): Director Harold M. Korell sold 87,013 Shares

Director of Southwestern Energy Company (SWN) Harold M. Korell sold 87,013 shares on 05/31/2011 at an average price of $43.73.

Southwestern Energy Company is an energy company primarily focused on natural gas. Southwestern Energy Company has a market cap of $15.21 billion; its shares were traded at around $43.73 with a P/E ratio of 26.9 and P/S ratio of 5.8. Southwestern Energy Company had an annual average earnings growth of 24.9% over the past 10 years.

Sell: Sr. Vice Pres. of Subsidiary Jeffrey B. Sherrick sold 37,029 shares of Southwestern Energy stock on 03/30/2011 at the average price of 43.65. Jeffrey B. Sherrick owns at least 19,270 shares after this. The price of the stock has increased by 0.18% since.

For the complete list of stocks that bought/sold by their company executives, go to: Insider Buys.
  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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