Weekly CFO Sells Highlight: EL, ACTU, AGN, BCR, RHT, ZNGA

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May 14, 2012
According to GuruFocus Insider Data, the largest CFO sells during the past week were: Estee Lauder, Actuate Corp., Allergan Inc., Bard C R Inc., Red Hat Inc. and Zynga Inc.


Estee Lauder (EL, Financial): Executive Vice President and CFO Richard W. Kunes Sold 120,956 Shares


Executive Vice President and CFO Richard W. Kunes sold 120,956 shares of EL stock on 05/07/2012 at the average price of $61.23. Richard W. Kunes owns at least 56 shares after this. The price of the stock has decreased by 5% since.


Estee Lauder Co. is one of the world's manufacturers and marketers of quality skin care, makeup, fragrance and hair care products. Estee Lauder has a market cap of $22.55 billion; its shares were traded at around $58.17 with a P/E ratio of 26.2 and P/S ratio of 2.56. The dividend yield of Estee Lauder stocks is 0.9%. Estee Lauder had an annual average earnings growth of 4.3% over the past 10 years. GuruFocus rated Estee Lauder the business predictability rank of 3.5-star.


For its third quarter of 2012, Estee Lauder reported net sales of $2.25 billion – a 4% increase from the same quarter last year. Net earnings for the quarter were $130.4 million (EPS of $0.33), which compares to earnings of $124.7 million ($0.31) prior year quarter. Gross margin expanded 140 basis points for this quarter.


Actuate Corp. (ACTU, Financial): Senior Vice President Operations and CFO Daniel A. Gaudreau Sold 103,000 Shares


Senior Vice President Operations and CFO of Actuate Corp. (ACTU) Daniel A. Gaudreau sold 103,000 shares on 05/08/2012 at an average price of $6.82. Actuate Corp. had an annual average earnings growth of 13.3% over the past 10 years.


Senior Vice President Operations and CFO Daniel A. Gaudreau and Director Steven D. Whiteman sold shares of ACTU stock.


Allergan Inc. (AGN, Financial): Executive Vice President Finance and Business Development and CFO Jeffrey L. Edwards Sold 99,462 Shares


Executive Vice President Finance and Business Development and CFO Jeffrey L. Edwards sold 99,462 shares of AGN stock on 05/04/2012 at the average price of $93.01. Jeffrey L. Edwards owns at least 19,728 shares after this. The price of the stock has decreased by 0.04% since.


Allergan Inc. is a provider of eye care and specialty pharmaceutical products throughout the world with products in the eye care pharmaceutical, ophthalmic surgical device, over-the-counter contact lens care, movement disorder, and dermatological markets. Allergan Inc. has a market cap of $28.33 billion; its shares were traded at around $92.97 with a P/E ratio of 24.86 and P/S ratio of 5.23. The dividend yield of Allergan Inc. stocks is 0.22%. Allergan Inc. had an annual average earnings growth of 14.9% over the past 10 years.


For its first quarter of 2012, Allergan Inc. reported diluted EPS of $0.74, as compared to $0.51 in the first quarter of 2011. Allergan Inc. reported a total net sales increase of 9% to $1.37 billion.


Bard C. R. Inc. (BCR, Financial): Senior Vice President and CFO Todd C. Schermerhorn Sold 73,744 Shares


Senior Vice President and CFO of Bard C. R. Inc. (BCR) Todd C. Schermerhorn sold 73,744 shares on 05/04/2012 at an average price of $99.41. C. R. Bard Inc. is one of the worldwide leaders in developing, manufacturing, and supplying healthcare products that focus on vascular, urology and oncology disease states. Bard C. R. Inc. has a market cap of $8.58 billion; its shares were traded at around $101.18 with a P/E ratio of 15.57 and P/S ratio of 2.96. The dividend yield of Bard C. R. Inc. stocks is 0.75%. Bard C. R. Inc. had an annual average earnings growth of 13.2% over the past 10 years. GuruFocus rated Bard C. R. Inc. the business predictability rank of 5-star.


C. R. Bard Inc. has released its first quarter results for 2012. During this quarter, the company saw net sales of $730 million compared to $700.3 million prior year quarter. Total net income was reported at $138.7 million ($1.6 per diluted share), as compared to $131.9 million ($1.49 per share) in the same quarter last year.


Senior Vice President and CFO Todd C. Schermerhorn sold 73,744 shares of BCR stock on 05/04/2012 at the average price of $99.41. Todd C. Schermerhorn owns at least 86,618 shares after this. The price of the stock has increased by 1.78% since. Group Vice President Brian P. Kelly, Vice President and Controller Frank Lupisella Jr., and President and COO John H. Weiland all also sold shares of BCR stock.


Red Hat Inc. (RHT, Financial): Executive Vice President and CFO Charles E. Peters Jr. Sold 70,154 Shares


Executive Vice President and CFO of Red Hat Inc (RHT) Charles E. Peters Jr. sold 70,154 shares on 05/04/2012 at an average price of $59.36. Red Hat Inc. is a developer and provider of open source software and services, including the Red Hat Linux operating system. Red Hat Inc. has a market cap of $10.93 billion; its shares were traded at around $56.67 with a P/E ratio of 69.96 and P/S ratio of 9.65. Red Hat Inc. had an annual average earnings growth of 24.7% over the past five years.


Red Hat Inc. reported fourth quarter 2012 results ended Feb. 29, 2012. The company saw total revenue increase of 21% year over year to $297 million. GAAP net income for the quarter was $36 million ($0.18 per diluted share), compared to $38.2 million ($0.19 per share) last year. Operating cash flow totaled $128 million for the quarter.


CEO and President James M. Whitehurst sold 117,977 shares of RHT stock on 05/07/2012 at the average price of $57.51. Executive Vice President and CFO Charles E. Peters Jr. sold 70,154 shares of RHT stock on 05/04/2012 at the average price of $59.36. Charles E. Peters Jr. owns at least 68,822 shares after this. The price of the stock has decreased by 4.53% since. Multiple other insiders also sold shares of RHT stock during the past week.


Zynga Inc. (ZNGA, Financial): CFO David M. Wehner Sold 58,889 Shares


CFO of Zynga Inc. (ZNGA) David M. Wehner sold 58,889 shares on 05/03/2012 at an average price of $8.79. Zynga Inc. is the world's largest social game developer with users playing their games which include CityVille, FarmVille, FrontierVille, Words With Friends, Mafia Wars, Zynga Poker, Cafe World and Treasure Isle. Zynga Inc. has a market cap of $5.29 billion; its shares were traded at around $7.48 with and P/S ratio of 4.64.


Zynga Inc. has released its first quarter 2012 results. For this quarter, the company reported bookings of $329.2 million – an increase of 15% over the same quarter last year. Revenues for the company increased 32% to $321 million, with GAAP net loss of $85.4 million, compared to net income of $16.8 million last year. Non-GAAP net income was $47 million for the quarter.


CFO David M. Wehner sold 58,889 shares of ZNGA stock on 05/03/2012 at the average price of $8.79. David M. Wehner owns at least 162,144 shares after this. The price of the stock has decreased by 14.9% since. Chief Mobile Officer David Y. Ko sold 56,578 shares of ZNGA stock on 05/02/2012 at the average price of $8.6.


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