Weekly CFO Sells Highlight: GoPro Inc, Fortinet Inc, and Intuitive Surgical Inc.

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Aug 04, 2015

According to GuruFocus Insider Data, the recent CFO sales were: GoPro Inc. (GPRO, Financial), Fortinet Inc. (FTNT, Financial), and Intuitive Surgical Inc. (ISRG, Financial).

GoPro Inc.: CFO Jack R. Lazar sold 75,000 shares

On 07/22/2015, CFO Jack R. Lazar sold 75,000 shares at an average price of $61.42. The price of the stock has increased by 1.11%. GoPro Inc. has a market cap of $8.25 billion and its shares were traded at around $62.10. The company has a P/E ratio of 52.44 and P/S ratio of 5.72.

GoPro Inc. announced its 2015 second-quarter results with revenues of $419.92 million and gross profit of $194.34 million; the net income was $35.03 million. The 2014 total revenue was $1.39 billion, a 41% increase from the 2013 total revenue. The 2014 gross profit was $627.24 million, a 73% increase from the 2013 gross profit. The 2014 net income was $128.09 million.

On 07/23/2015, Director Edward A. Gilhuly sold 253,400 shares at an average price of $64.46. The price of the stock has decreased by 3.66%. On 06/15/2015, General Counsel, Secretary Sharon S. Zezima sold 6,000 shares at an average price of $57.7. The price of the stock has increased by 7.63%. On 06/10/2015, President Anthony John Bates sold 279,174 shares at an average price of $59.31. The price of the stock has increased by 4.7%.

Fortinet Inc.: CFO Matto Andrew H. Del sold 3,250 shares

On 07/27/2015, CFO Matto Andrew H. Del sold 3,250 shares at an average price of $47.29. The price of the stock has increased by 0.95%. Fortinet Inc. has a market cap of $8.09 billion and its shares were traded at around $47.74. The company has a P/E ratio of 431.08 and P/S ratio of 10.01. Over the past five years, Fortinet Inc. had an annual average earnings growth of 13.60%.

Fortinet Inc. announced its 2015 first-quarter results with revenues of $212.89 million and gross profit of $149.28 million; the net income was $1.56 million. The 2014 total revenue was $770.36 billion, a 25% increase from the 2013 total revenue. The 2014 gross profit was $539.36 million, a 24% increase from the 2013 gross profit. The 2014 net income was $25.34 million.

On 06/02/2015, President and CEO Ken Xie sold 90,000 shares at an average price of $39.81. The price of the stock has increased by 19.92%. On 07/30/2015, VP, Engineering and CTO Michael Xie sold 250,000 shares at an average price of $47.32. The price of the stock has increased by 0.89%. On 06/02/2015, VP CorpDev and Strat Alliance, GC John Whittle sold 521 shares at an average price of $39.55. The price of the stock has increased by 20.71%.

Intuitive Surgical Inc.: SVP and CFO Marshall Mohr sold 10,000 shares

On 04/27/2015, SVP and CFO Marshall Mohr sold 10,000 shares at an average price of $504.08. The price of the stock has increased by 5.77%. Intuitive Surgical Inc. has a market cap of $19.74 billion and its shares were traded at around $533.17. The company has a P/E ratio of 39.57 and P/S ratio of 8.77. Over the past 10 years, Intuitive Surgical Inc. had an annual average earnings growth of 34.20%. GuruFocus rated Intuitive Surgical Inc. the business predictability rank of 2.5-star.

Intuitive Surgical Inc. announced its 2015 second-quarter results with revenues of $586.1 million and gross profit of $386.5 million; the net income was $134.5 million. The 2014 total revenue was $2.13 billion, a 6% decrease from the 2013 total revenue. The 2014 gross profit was $1.41 billion, an 11% decrease from the 2013 gross profit. The 2014 net income was $418.8 million.

On 07/27/2015, President and CEO Gary S. Guthart sold 17,255 shares at an average price of $541.98. The price of the stock has decreased by 1.63%. On 07/29/2015, Director Amal M. Johnson sold 354 shares at an average price of $540. The price of the stock has decreased by 1.26%. On 07/27/2015, SVP General Counsel and CCO Mark J. Meltzer sold 4,750 shares at an average price of $542.03. The price of the stock has decreased by 1.63%.