Weekly Top Insider Sells: NTAP, VMW, AMT, and URBN

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Sep 12, 2010
According to GuruFocus Insider Data, these are the largest insider sells during the past week.


NetApp Inc. (NTAP, Financial): Director Daniel J Warmenhoven sold 195,040 Shares


Director of NETAPP INC COMMON STOCK (NTAP) Daniel J Warmenhoven sold 195,040 shares on 09/08/2010 at an average price of $46.33.


NetApp Inc., formerly Network Appliance, Inc., is a provider of innovative data management solutions that simplify the complexity of storing, managing, protecting, and retaining enterprise data. Netapp Inc Common Stock has a market cap of $16.47 billion; its shares were traded at around $46.33 with a P/E ratio of 33.8 and P/S ratio of 4.1. Netapp Inc Common Stock had an annual average earning growth of 13% over the past 10 years.


On August 18, 2010 NetApp reported results for the first quarter of fiscal year 2011, which ended July 30, 2010. Revenues for the first fiscal quarter of 2011 totaled $1.14 billion compared to revenues of $838 million for the same period a year ago. For the first fiscal quarter of fiscal year 2011, GAAP net income was $142 million or $0.38 per share[1] compared to GAAP net income of $52 million, or $0.15 per share for the same period in the prior year. Non-GAAP net income for the first fiscal quarter of fiscal year 2011 was $183 million, or $0.49 per share[2] , compared to non-GAAP net income of $76 million, or $0.22 per share for the same period a year ago.


NETAPP INC COMMON STOCK is owned by 3 Gurus. Ken Heebner, Richard Aster Jr, and John Hussman own positions in this stock.


Sell: Director Daniel J Warmenhoven sold 2,187 shares of NTAP stock on 09/01/2010 at the average price of 42. Daniel J Warmenhoven owns at least 2,675,734 shares after this. The price of the stock has increased by 10.31% since.


VMWARE INC. (VMW, Financial): COO Tod Nielsen sold 90,000 Shares


COO of VMWARE INC. (VMW) Tod Nielsen sold 90,000 shares during the past week at an average price of $84.9.


VMware provides virtualization solutions from the desktop to the data center. Vmware Inc. has a market cap of $34.96 billion; its shares were traded at around $84.9 with a P/E ratio of 126.7 and P/S ratio of 17.4.


On April 20, 2010 VMware, Inc. announced financial results for the first quarter 2010. Revenues for the first quarter were $634 million, an increase of 35% from the first quarter of 2009. GAAP operating income for the first quarter was $102 million, an increase of 18% from the first quarter of 2009. GAAP net income for the first quarter was $78 million, or $0.19 per diluted share, compared to $70 million, or $0.18 per diluted share, for the first quarter of 2009.


VMWARE INC. is owned by 3 Gurus. Ron Baron owns a position in this stock.


Buy: 10% Owner Corp Emc bought 36,200 shares of VMW stock on 08/24/2010 at the average price of 80.06. Corp Emc owns at least 31,269,116 shares after this. The price of the stock has increased by 6.05% since.


American Tower Corp. (AMT, Financial): EVP, Int'l. Operations William H Hess sold 131,580 Shares


EVP, Int'l. Operations of American Tower Corp. (AMT) William H Hess sold 131,580 shares on 09/08/2010 at an average price of $49.07.


American Tower Corporation is a wireless communications and broadcast infrastructure company with three operating segments. American Tower Corp. has a market cap of $19.68 billion; its shares were traded at around $49.07 with a P/E ratio of 59.9 and P/S ratio of 11.4. American Tower Corp. had an annual average earning growth of 9.8% over the past 10 years. GuruFocus rated American Tower Corp. the business predictability rank of 2-star.


American Tower generated the following operating results for the quarter ended June 30, 2010. Total revenue increased 11.0% to $469.9 million, and rental and management segment revenue increased 12.2% to $456.5 million. Rental and management segment revenue growth was positively impacted by approximately 1.4% due to foreign currency exchange rate fluctuations and approximately 2.2% due to straight”line revenue recognition.


American Tower Corp. is owned by many Gurus. Andreas Halvorsen, Richard Aster Jr, and Chuck Akre own position in this stock.


Sell: SVP, Finance & Corp Controller Robert Joseph Jr Meyer sold 3,934 shares of AMT stock on 08/19/2010 at the average price of 47.9. Robert Joseph Jr Meyer owns at least 1,508 shares after this. The price of the stock has increased by 2.44% since.


Urban Outfitters Inc. (URBN, Financial): Director Scott A Belair sold 191,300 Shares


Director of Urban Outfitters Inc. (URBN) Scott A Belair sold 191,300 shares on 09/09/2010 at an average price of $33.18.


Urban Outfitters, Inc. operates two business segments consisting of a lifestyle-oriented general merchandise retailing segment and a wholesale apparel business. Urban Outfitters Inc. has a market cap of $5.61 billion; its shares were traded at around $33.18 with a P/E ratio of 21.6 and P/S ratio of 2.9. Urban Outfitters Inc. had an annual average earning growth of 36% over the past 10 years. GuruFocus rated Urban Outfitters Inc. the business predictability rank of 4.5-star.


On Aug 16, 2010 Urban Outfitters announced earnings of $72 million and $125 million for the three and six months ended July 31, 2010, respectively. Earnings per diluted share were $0.42 for the quarter and $0.72 for the six months ended July 31, 2010. Total Company net sales rose by 20% over the same quarter last year to $552 million.


Urban Outfitters Inc. is owned by 2 Gurus. Ron Baron owns position in this stock.


Sell: Director Scott A Belair sold 191,300 shares of URBN stock on 09/09/2010 at the average price of 33.19. Scott A Belair owns at least 3,316,000 shares after this. The price of the stock has decreased by 0.03% since.


For the complete list of stocks that bought/sold by their company executives, go to: Insider Buys.