Weekly CEO Sells Highlights: Joe's Jeans Inc, Cisco Systems Inc, The Pepsi Bottling Group Inc, Gentex Corp., and OSI Systems Inc.

Weekly CEO Sells Highlights: JOEZ, CSCO, PBG, GNTX, OSIS

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Feb 14, 2010
According to GuruFocus Insider Data, these are the largest CEO sales during the past week: Joe's Jeans Inc, Cisco Systems Inc, The Pepsi Bottling Group Inc, Gentex Corp., and OSI Systems Inc.


Cisco Systems Inc. (CSCO, Financial): Chairman and CEO John T Chambers sold 2,200,000 Shares

Chairman and CEO of Cisco Systems Inc. (CSCO) John T Chambers sold 2,200,000 shares on 02/08/2010 at an average price of $23.73.


Cisco Systems, Inc. is a network equipment company. It has a market cap of $137.66 billion; its shares were traded at around $23.93 with a P/E ratio of 20.7 and P/S ratio of 3.8. Cisco Systems Inc. had an annual average earning growth of 17.1% over the past 10 years. GuruFocus rated Cisco Systems Inc. the business predictability rank of 3.5-star.


Cisco, reported on February 3rd that its second quarter results for the period ended January 23, 2010. Cisco reported second quarter net sales of $9.8 billion, net income on a generally accepted accounting principles (GAAP) basis of $1.9 billion or $0.32 per share, and non-GAAP net income of $2.3 billion or $0.40 per share.


Together with this transaction, Chairman and CEO John T Chambers sold 2,700,000 shares of CSCO stock in February, November, and August, 2009. Director Steven M West and VP, Corporate Controller & PAO Prat Bhatt together sold 25,019 shares of CSCO stock in February and September. EVP, Worldwide Operations Robert Wayne Lloyd sold 111,700 shares of CSCO stock in November and September.


The Pepsi Bottling Group Inc. (PBG, Financial): Chairman and CEO Eric J Foss sold 697,538 Shares



Chairman and CEO of The Pepsi Bottling Group Inc. (PBG) Eric J Foss sold 697,538 shares on 02/10/2010 at an average price of $37.54.


The Pepsi Bottling Group, Inc., is the manufacturer, seller and distributor of Pepsi-Cola beverages. The Pepsi Bottling Group Inc. has a market cap of $8.24 billion; its shares were traded at around $37.8 with a P/E ratio of 16.2 and P/S ratio of 0.6. The dividend yield of The Pepsi Bottling Group Inc. stocks is 1.9%. The Pepsi Bottling Group Inc. had an annual average earning growth of 7.1% over the past 5 years.


On February 3rd, The Board of Directors of The Pepsi Bottling Group, Inc. has declared a quarterly dividend of $0.18 per share on PBG's common stock. The dividend is payable March 31, 2010 to PBG shareholders of record on March 5, 2010.


Together with this transaction, Chairman and CEO Eric J Foss sold 1,066,685 shares of PBG stock on February and November. SVP and CFO Alfred H Drewes sold 443,011 shares of PBG stock on 12/01/2009 at the average price of 38.25. President, PBG Europe Yiannis Petrides, SVP, Human Resources John L Berisford, SVP, Gen. Counsel and Secy Steven M Rapp , EVP & President, North America all sold company’s shares recently.


Gentex Corp. (GNTX, Financial): Chairman of the Board & CEO Fred Bauer sold 137,500 Shares

Chairman of the Board & CEO of Gentex Corp. (GNTX) Fred Bauer sold 137,500 shares on 02/10/2010 at an average price of $18.66.


Gentex Corporation is an international company that provides products to the worldwide automotive industry and North American fire protection market. Gentex Corp. has a market cap of $2.59 billion; its shares were traded at around $18.79 with a P/E ratio of 40 and P/S ratio of 4.8. The dividend yield of Gentex Corp. stocks is 2.4%. Gentex Corp. had an annual average earning growth of 10% over the past 10 years.


On January 28, Gentex Corporation reported results for the fourth quarter and calendar year ended December 31, 2009. For the fourth quarter of 2009, the Company's net sales increased by 45 percent to $177.6 million compared with $122.3 million in the fourth quarter of 2008. The gross profit margin increased on a quarter-over-quarter basis from 28.4 percent in the fourth quarter of 2008 to 36.7 percent in the fourth quarter of 2009, primarily due to the Company's ability to leverage fixed overhead costs due to the 45 percent quarter-over-quarter increase in net sales.


Senior Vice President Enoch C Jen. and VP Finance & Treasurer Steven A Dykman all sold company’s shares recently.


OSI Systems Inc. (OSIS, Financial): President and CEO Deepak Chopra sold 120,000 Shares

President and CEO of OSI Systems Inc. (OSIS) Deepak Chopra sold 120,000 shares on 02/09/2010 at an average price of $27.26.


OSI Systems, Inc. is a designer and provider of components, subsystems and end-products based on optical and electromechanical pressure sensor technologies. Osi Systems Inc. has a market cap of $507.1 million; its shares were traded at around $28.69 with a P/E ratio of 26.6 and P/S ratio of 0.8.


OSI Systems, Inc. announced on January 27, 2010 the financial results for the second quarter ended December 31, 2009. The Company reported revenues of $150.6 million for the second quarter of fiscal 2010, a decrease of 5% as compared to the same period a year ago. Net income for the second quarter of fiscal 2010 was $7.0 million, or $0.39 per diluted share, compared to net income of $4.2 million, or $0.24 per diluted share, for the second quarter of fiscal 2009.


Executive Vice President Ajay Mehra and Director Steven C Good sold company’s shares in recent months.


Joe's Jeans Inc. (JOEZ, Financial): President & CEO Marc Crossman sold 119,800 Shares

President & CEO of Joe's Jeans Inc. (JOEZ) Marc Crossman sold 119,800 shares on 02/09/2010 at an average price of $1.99. INNOVO GROUP, INC. through its operating subsidiaries, designs, manufactures and markets various canvas and nylon products, principally tote bags, sports bags, backpacks, lunch bags, stadium totes, and craft products for sale to various retailers and in the advertising specialty market. Joe's Jeans Inc. has a market cap of $124 million; its shares were traded at around $2.05 with a P/E ratio of 5.3 and P/S ratio of 1.6.


On February 3rd, Joe's Jeans Inc. announced financial results for the fourth quarter and year ended November 30, 2009. Fourth quarter net sales increased 42% from a year ago to a record $25.2 million. Gross margins increased one percentage point to 49%. Operating income increased 142% to $3.0 million. Year-end cash and cash equivalents on hand of $13.2 million


CFO Hamish Sandhu, Director Suhail Rizvi, Director Samuel J Furrow and Director Kelly Hoffman also sold company’s shares in recent month.


For the complete list of stocks that bought by their CEOs, go to: Insider Buys.