Weekly Top Insider Sells: Adobe Systems Inc., Oracle Corp., Salesforce.com Inc., Red Hat Inc., Danaher Corp.

Weekly Top Insider Sells: ADBE, ORCL, CRM, RHT, DHR

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Jan 09, 2010
According to GuruFocus Insider Data, these are the largest insider sells during the past week.

Co-Chairman of the Board of Adobe Systems Inc. (ADBE, Financial) John E Warnock sold 160,000 shares on 01/04/2010 at an average price of $36.69.

Adobe Systems Incorporated is a provider of graphic design, publishing, and imaging software for Web and print production. Adobe Systems Inc. has a market cap of $19.22 billion; its shares were traded at around $36.69 with a P/E ratio of 27.7 and P/S ratio of 6.6. Adobe Systems Inc. had an annual average earning growth of 15% over the past 10 years. GuruFocus rated Adobe Systems Inc. the business predictability rank of 4-star.

For the first quarter of fiscal 2010, Adobe is targeting revenue of 850 million. The first quarter target range includes estimated revenue of approximately, 78 million to 83 million for the company’s omniture business unit, and excludes an estimate 14.7 million in omniture first quarter defense revenue pursuant to business combination accounting guidelines, as noted previously.

Adobe Systems Inc. is owned by several Gurus. John Hussman, and Richard Aster Jr both hold positions in this stock.

Insiders Co-Chairman of the Board John E Warnock, Business Productivity Robert M Tarkoff, Co-Chairman of the Board Charles M Geschke, SVP, Gen. Counsel & Secretary Karen O Cottle, and Co-Chairman of the Board John E Warnock all sold some of this stock recently.

Oracle Corp. (ORCL, Financial): EVP Guisquet Loic Le sold 234,348 Shares

EVP of Oracle Corp. (ORCL) Guisquet Loic Le sold 234,348 shares during the past week at an average price of $24.68.

Oracle Corporation is a supplier of software for information management. Oracle Corp. has a market cap of $123.73 billion; its shares were traded at around $24.68 with a P/E ratio of 17.1 and P/S ratio of 5.4. The dividend yield of Oracle Corp. stocks is 0.8%. Oracle Corp. had an annual average earning growth of 18.2% over the past 10 years. GuruFocus rated Oracle Corp. the business predictability rank of 4-star.

Oracle Corporation recently announced fiscal 2010 Q2 GAAP earnings per share of $0.29, up 15% compared to last year. Second quarter GAAP total revenues were up 4% to $5.9 billion, while quarterly GAAP net income was up 12% to $1.5 billion. GAAP new software license revenues were up 2% to $1.7 billion. GAAP software license updates and product support revenues were up 14% to $3.2 billion. GAAP operating income was up 10% to $2.2 billion and GAAP operating margin was up 200 basis points to 37%. GAAP operating cash flow on a trailing twelve-month basis was $8.7 billion, up 7%.

Oracle Corp. is owned by many Gurus. Bill Nygren, L.P.. John Hussman, and Kenneth Fisher all have position in this stock.

Buy:: CFO and Executive VP-Ops Jeffrey E Epstein bought 1,000 shares of ORCL stock on 12/29/2009 at the average price of 25, the price of the stock has decreased by 1.28% since.

Buy:: CFO and Executive VP-Ops Jeffrey E Epstein bought 2,000 shares of ORCL stock on 12/28/2009 at the average price of 24.83, the price of the stock has decreased by 0.6% since.

Sell:: EVP Guisquet Loic Le sold 15,348 shares of ORCL stock on 01/05/2010 at the average price of 24.56, the price of the stock has increased by 0.49% since.

Sell:: EVP Guisquet Loic Le sold 219,000 shares of ORCL stock on 01/04/2010 at the average price of 25.03, the price of the stock has decreased by 1.4% since.

Sell:: Controller, SVP, CAO W Corey West sold 5,000 shares of ORCL stock on 01/04/2010 at the average price of 24.68, the price of the stock has decreased by 0% since.

Sell:: SVP, Gen'l Counsel, Secretary Dorian Daley sold 17,968 shares of ORCL stock on 12/28/2009 at the average price of 24.88, the price of the stock has decreased by 0.8% since.

Salesforce.com Inc. (CRM, Financial): EVP, Marketing George Hu sold 72,448 Shares

EVP, Marketing of salesforce.com inc. (CRM) George Hu sold 72,448 shares on 01/05/2010 at an average price of $74.15. Salesforce.com is the market and technology leader in on-demand business services.

The company's Salesforce suite of on-demand CRM applications allows customers to manage and share all of their sales, support, marketing and partner information on-demand. Salesforce.com Inc. has a market cap of $9.19 billion; its shares were traded at around $74.15 with a P/E ratio of 123.6 and P/S ratio of 8.6.

Salesforce.com delivered the following results for its third quarter, fiscal year 2010:

Revenue: Total Q3 revenue was $330.5 million, an increase of 20% on a year-over-year basis.

Subscription and support revenues were $306.9 million, an increase of 21% on a year-over-year

basis. Professional services and other revenues were $23.7 million, an increase of 3% on a yearover- year basis.

Earnings per Share: Q3 GAAP diluted earnings per share were approximately $0.16, including

approximately $20.4 million in stock-based compensation expense and approximately $2.6 million in amortization of purchased intangibles related to previously announced acquisitions. For purposes of the Q3 GAAP EPS calculation, there was an average of approximately 129 million diluted shares.

Sell:: Chairman of the Board & CEO, 10% Owner Marc Benioff sold 10,000 shares of CRM stock on 01/08/2010 at the average price of 73.92, the price of the stock has increased by 0.31% since.

Sell:: Chairman of the Board & CEO, 10% Owner Marc Benioff sold 10,000 shares of CRM stock on 01/07/2010 at the average price of 74.1, the price of the stock has increased by 0.07% since.

Sell:: Chairman of the Board & CEO, 10% Owner Marc Benioff sold 10,000 shares of CRM stock on 01/06/2010 at the average price of 74.52, the price of the stock has decreased by 0.5% since.

Sell:: Chairman of the Board & CEO, 10% Owner Marc Benioff sold 10,000 shares of CRM stock on 01/05/2010 at the average price of 74.06, the price of the stock has increased by 0.12% since.

Sell:: Chairman of the Board & CEO, 10% Owner Marc Benioff sold 10,000 shares of CRM stock on 01/04/2010 at the average price of 74.92, the price of the stock has decreased by 1.03% since.

Sell:: CFO Graham Smith sold 1,135 shares of CRM stock on 11/27/2009 at the average price of 61.47, the price of the stock has increased by 20.63% since.

Sell:: EVP, Marketing George Hu sold 72,448 shares of CRM stock on 01/05/2010 at the average price of 73.67, the price of the stock has increased by 0.65% since.

Sell:: EVP, Law, Policy & Corp. Strat Kenneth Juster sold 4,000 shares of CRM stock on 01/05/2010 at the average price of 74.01, the price of the stock has increased by 0.19% since.

Sell:: Director Craig Conway sold 1,800 shares of CRM stock on 01/04/2010 at the average price of 74.92, the price of the stock has decreased by 1.03% since.

Sell:: EVP, Marketing George Hu sold 2,500 shares of CRM stock on 12/29/2009 at the average price of 74, the price of the stock has increased by 0.2% since.

Sell:: EVP, Law, Policy & Corp. Strat Kenneth Juster sold 5,000 shares of CRM stock on 12/29/2009 at the average price of 73.75, the price of the stock has increased by 0.54% since.

Red Hat Inc. (RHT, Financial): EVP, Engineering Paul J Cormier sold 150,000 Shares

EVP, Engineering of Red Hat Inc. (RHT) Paul J Cormier sold 150,000 shares on 01/06/2010 at an average price of $30.14.

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 $5.66 billion; its shares were traded at around $30.14 with a P/E ratio of 60.2 and P/S ratio of 8.7. Red Hat Inc. had an annual average earning growth of 87.8% over the past 5 years.

Sell:: CEO & President James M Whitehurst sold 50,000 shares of RHT stock on 12/07/2009 at the average price of 28.23, the price of the stock has increased by 6.77% since.

Sell:: EVP, CFO Charles E Jr Peters sold 50,000 shares of RHT stock on 12/23/2009 at the average price of 31.64, the price of the stock has decreased by 4.74% since.

Sell:: EVP, CFO Charles E Jr Peters sold 53,584 shares of RHT stock on 12/21/2009 at the average price of 29.95, the price of the stock has increased by 0.63% since.

Sell:: EVP, CFO Charles E Jr Peters sold 15,000 shares of RHT stock on 10/26/2009 at the average price of 28.4, the price of the stock has increased by 6.13% since.

Sell:: EVP, CFO Charles E Jr Peters sold 20,000 shares of RHT stock on 10/15/2009 at the average price of 28.8, the price of the stock has increased by 4.65% since.

Sell:: EVP, CFO Charles E Jr Peters sold 80,000 shares of RHT stock on 10/12/2009 at the average price of 28.19, the price of the stock has increased by 6.92% since.

Sell:: EVP, Engineering Paul J Cormier sold 150,000 shares of RHT stock on 01/06/2010 at the average price of 31.08, the price of the stock has decreased by 3.02% since.

Sell:: EVP, Worldwide Sales Alex Pinchev sold 62,305 shares of RHT stock on 01/04/2010 at the average price of 31.2, the price of the stock has decreased by 3.4% since.

Sell:: EVP, General Counsel Michael Cunningham sold 42,511 shares of RHT stock on 12/29/2009 at the average price of 31.05, the price of the stock has decreased by 2.93% since.

Sell:: VP / Controller Mark Cook sold 22,622 shares of RHT stock on 12/29/2009 at the average price of 30.97, the price of the stock has decreased by 2.68% since.

Sell:: Director Matthew Szulik sold 556,902 shares of RHT stock on 11/13/2009 at the average price of 28, the price of the stock has increased by 7.64% since.

Danaher Corp. (DHR, Financial): Executive Vice President Philip Knisely sold 60,000 Shares

Executive Vice President of Danaher Corp. (DHR) Philip Knisely sold 60,000 shares on 01/04/2010 at an average price of $76.88.

Danaher Corporation conducts its operations through two business segments:Process/Environmental Controls and Tools and Components. Danaher Corp. has a market cap of $24.7 billion; its shares were traded at around $76.88 with a P/E ratio of 21.8 and P/S ratio of 1.9. The dividend yield of Danaher Corp. stocks is 0.2%. Danaher Corp. had an annual average earning growth of 17% over the past 10 years. GuruFocus rated Danaher Corp. the business predictability rank of 4.5-star.

Danaher Corporation (DHR) announced recently that GAAP net earnings for the quarter ended October 2, 2009 were $351 million, or $1.05 per diluted share, a 5.5% decrease as compared to the Company’s 2008 third quarter GAAP net earnings of $372 million, or $1.11 per diluted share. On a non-GAAP basis, which reflects the adjustments identified in the attached reconciliation, adjusted net earnings for the quarter ended October 2, 2009 were $299 million or $0.89 per diluted share, a 22% decrease over 2008 third quarter adjusted net earnings of $382 million or $1.14 per diluted share. Sales for the 2009 third quarter were $2.75 billion, 14.5% less than the $3.21 billion reported for the 2008 third quarter. Core revenues declined 14% in the quarter, compared to the third quarter of 2008.

Danaher Corp. is owned by one Guru. Ruane Cunniff

Sell:: President and CEO H Lawrence Jr Culp sold 346,710 shares of DHR stock on 11/18/2009 at the average price of 73.06, the price of the stock has increased by 5.23% since.

Sell:: President and CEO H Lawrence Jr Culp sold 66,670 shares of DHR stock on 11/09/2009 at the average price of 72.39, the price of the stock has increased by 6.2% since.

Sell:: President and CEO H Lawrence Jr Culp sold 133,340 shares of DHR stock on 10/28/2009 at the average price of 68.57, the price of the stock has increased by 12.12% since.

Sell:: President and CEO H Lawrence Jr Culp sold 66,670 shares of DHR stock on 10/14/2009 at the average price of 69.24, the price of the stock has increased by 11.03% since.

Sell:: President and CEO H Lawrence Jr Culp sold 66,670 shares of DHR stock on 10/12/2009 at the average price of 67.83, the price of the stock has increased by 13.34% since.

Sell:: EVP & CFO Daniel L Comas sold 7,400 shares of DHR stock on 08/03/2009 at the average price of 61.99, the price of the stock has increased by 24.02% since.

Sell:: Executive Vice President Philip Knisely sold 60,000 shares of DHR stock on 01/04/2010 at the average price of 75.22, the price of the stock has increased by 2.21% since.

Sell:: Executive Vice President Philip Knisely sold 60,000 shares of DHR stock on 12/01/2009 at the average price of 71.91, the price of the stock has increased by 6.91% since.

Sell:: Director Mortimer M Caplin sold 4,000 shares of DHR stock on 11/23/2009 at the average price of 72.48, the price of the stock has increased by 6.07% since.

Sell:: EVP Thomas Patrick Jr Joyce sold 10,000 shares of DHR stock on 11/18/2009 at the average price of 72.35, the price of the stock has increased by 6.26% since.

Sell:: Director Walter G Lohr sold 4,000 shares of DHR stock on 11/11/2009 at the average price of 72.91, the price of the stock has increased by 5.45% since.