According to GuruFocus Insider Data, the recent CFO sales were: Apple Inc. (AAPL, Financial), Palo Alto Networks Inc. (PANW, Financial) and Adobe Systems Inc. (ADBE, Financial).
Apple Inc.: Senior Vice President and CFO Luca Maestri sold 7,782 shares
On Oct. 6, Maestri sold 7,782 shares at an average price of $110.14. The price of the stock has increased by 1.8%. Apple has a market cap of $639.39 billion and its shares were traded at around $112.12. The company has a P/E ratio of 12.90 and P/S ratio of 2.93 with a dividend yield of 1.75%. Over the past 10 years, Apple had an annual average earnings growth of 58.00%. GuruFocus rated Apple the business predictability rank of 4.5-stars.
Apple announced its 2015 second quarter results with revenues of $49.61 billion and gross profit of $19.68 billion, while net income was $10.68 billion. The 2014 total revenue was $182.80 billion, a 7% increase from the 2013 total revenue. The 2014 gross profit was $70.54 billion, a 10% increase from the 2013 gross profit. The 2014 net income was $39.51 billion.
On July 27, Director Susan Wagner bought 3,800 shares at an average price of $123.49. On Oct. 2, Senior Vice President Jeffrey E. Williams sold 46,873 shares at an average price of $110.49. On July 24, Senior Vice President Daniel J. Riccio sold 24,085 shares at an average price of $124.78.Â
Palo Alto Networks Inc.: CFO Steffan Tomlinson sold 2,332 shares
On Sept. 21, Tomlinson sold 2,332 shares at an average price of $186.72. The price of the stock has decreased by 7.95%. Palo Alto Networks Inc. has a market cap of $14.61 billion and its shares were traded at around $171.88. The company has a P/S ratio of 15.13.
Palo Alto Networks announced its 2015 third quarter results with revenues of $283.88 million and gross profit of $209.56 million, while the net income was $45.97 million. The 2015 total revenue was $928.05 million, a 55% increase from the 2014 total revenue. The 2015 gross profit was $676.55 million, a 54% increase from the 2014 gross profit. The 2015 net income was $164.98 million.
On Sept. 21, President and CEO Mark D. Mclaughlin sold 4,404 shares at an average price of $186.72. On Oct. 7, CTO Nir Zuk sold 30,000 shares at an average price of $164.68. On Oct. 6, Director Daniel J. Warmenhoven sold 5,000 shares at an average price of $174.42. The price of the stock has decreased by 1.46%.
Adobe Systems Inc.: EVP, CFO and Asst. Secretary Mark Garrett sold 26,899 shares
On Aug. 17, Garrett sold 26,899 shares at an average price of $86.49. The price of the stock has decreased by 3.09%. Adobe Systems has a market cap of $41.81 billion and its shares were traded at around $83.82. The company has a P/E ratio of 86.10 and P/S ratio of 9.30. Over the past 10 years, Adobe Systems had an annual average earnings growth of 2.40%.
Adobe Systems announced its 2015 third quarter results with revenues of $1.22 billion and gross profit of $1.03 billion, while the net income was $174.47 million. The 2014 total revenue was $4.15 billion, a 2% increase from the 2013 total revenue. The 2014 gross profit was $3.52 billion, a 2% increase from the 2013 gross profit. The 2014 net income was $268.40 million.
On Oct. 1, President and CEO Shantanu Narayen sold 22,422 shares at an average price of $82.12. On Oct. 8, Co-Chairman of the board John E. Warnock sold 50,000 shares at an average price of $80.6. On Sept. 9, SVP and Chief Marketing Officer Ann Lewnes sold 4,000 shares at an average price of $80.79.Â
