Weekly CFO Sells Highlight: NTAP, HNZ, VOCS, ACTV, EVOL

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Jun 05, 2011
According to GuruFocus Insider Data, the largest CFO sells during the past week were: NetApp Inc, H.J. HEINZ COMPANY, Vocus Inc, THE ACTIVE NETWORK INC, and Evolving Systems Inc.


NetApp Inc. (NTAP, Financial): Executive VP, CFO Steven J Gomo Sold 222,003 Shares

Executive VP, CFO of NetApp Inc. (NTAP) Steven J Gomo sold 222,003 shares on 05/27/2011 at an average price of $55.11. 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. has a market cap of $19.11 billion; its shares were traded at around $51.94 with a P/E ratio of 30.4 and P/S ratio of 3.7. Netapp Inc. had an annual average earnings growth of 13% over the past 10 years.


NetApp Inc. recently released its fourth year 2011 results. During this quarter, the company reported total revenues of $1.428 billion compared to $1.172 billion prior year quarter. GAAP net income was reported at $160.6 million or $1.71 per share compared to $145.1 million or $1.13 last year.


Sell: CEO and President Thomas Georgens sold 15,553 shares of NTAP stock on 06/02/2011 at the average price of 53.51. Executive VP, CFO Steven J Gomo sold 222,003 shares of NTAP stock on 05/27/2011 at the average price of 55.11. Steven J Gomo owns at least 18,236 shares after this. The price of the stock has decreased by 5.75% since. Executive VP, Field Operations Robert E Salmon sold 15,625 shares of NTAP stock on 06/01/2011 at the average price of 53.81.


H.J. Heinz Company (HNZ, Financial): EVP and CFO Arthur B Winkleblack Sold 99,175 Shares

EVP and CFO of H.J. Heinz Company (HNZ) Arthur B Winkleblack sold 99,175 shares on 05/31/2011 at an average price of $54.73. H. J. Heinz Company and its subsidiaries manufacture and market an extensive line of processed food products throughout the world. H.J. Heinz Company has a market cap of $17.12 billion; its shares were traded at around $53.2 with a P/E ratio of 17.3 and P/S ratio of 1.6. The dividend yield of H.J. Heinz Company stocks is 3.4%. H.J. Heinz Company had an annual average earnings growth of 4.7% over the past 10 years.


H.J.Heinz Company recently reported their fourth quarter 2011 results. The company reported total revenues of $2.89 billion compared to $2.87 billion prior year quarter. The company reported net income of $223.9 million compared to $192.4 million prior year quarter.


Sell: Chairman, President and CEO William R Johnson sold 101,727 shares of HNZ stock on 05/31/2011 at the average price of 54.75. EVP and CFO Arthur B Winkleblack sold 99,175 shares of HNZ stock on 05/31/2011 at the average price of 54.73. Arthur B Winkleblack owns at least 169,690 shares after this. The price of the stock has decreased by 2.8% since. Other insiders have sold shares of HNZ stock during the last week as well.


Vocus Inc. (VOCS, Financial): EVP, CFO and Secretary Stephen A Vintz Sold 98,257 Shares

EVP, CFO and Secretary of Vocus Inc. (VOCS) Stephen A Vintz sold 98,257 shares on 06/01/2011 at an average price of $27.11. Vocus, Inc. is a provider of on-demand software for public relations management. Vocus Inc. has a market cap of $522.4 million; its shares were traded at around $27.06 with a P/E ratio of 676.5 and P/S ratio of 5.4.


For its first quarter, 2011, Vocus Inc. reported GAAP revenues of $27 million- a 21% increase from prior year quarter. Non-GAAP net income was $3.4 million compared to $3.0 million in the prior year.


Sell: Chairman, CEO and President Richard E Rudman sold a total of 150,000 shares of VOCS stock in the past month. EVP, CFO and Secretary Stephen A Vintz sold 98,257 shares of VOCS stock on 06/01/2011 at the average price of 27.11. Stephen A Vintz owns at least 88,799 shares after this. The price of the stock has decreased by 0.18% since.


The Active Network Inc. (ACTV, Financial): CFO Scott Mendel Sold 52,016 Shares

CFO of The Active Network Inc. (ACTV) Scott Mendel sold 52,016 shares on 05/31/2011 at an average price of $15. .


Sell: CEO David Alberga sold 268,542 shares of ACTV stock on 05/31/2011 at the average price of 15. David Alberga owns at least 477,943 shares after this. The price of the stock has increased by 21.67% since. CFO Scott Mendel sold 52,016 shares of ACTV stock on 05/31/2011 at the average price of 15. The price of the stock has increased by 21.67% since. Other insiders sold shares of ACTV stock on 05/31/2011 as well.


Evolving Systems Inc. (EVOL, Financial): E.V.P. and CFO Brian R Ervine Sold 50,713 Shares

E.V.P. and CFO of Evolving Systems Inc. (EVOL) Brian R Ervine sold 50,713 shares on 05/26/2011 at an average price of $7.01. Evolving Systems, Inc. is a provider of selected software solutions and services that enable telecommunications carriers to address the technical challenges to their operational support systems. Evolving Systems Inc. has a market cap of $74.8 million; its shares were traded at around $6.95 with a P/E ratio of 13.9 and P/S ratio of 2. The dividend yield of Evolving Systems Inc. stocks is 2.9%. Evolving Systems Inc. had an annual average earnings growth of 8.1% over the past 5 years.


Sell: E.V.P. and CFO Brian R Ervine sold 50,713 shares of EVOL stock on 05/26/2011 at the average price of 7.01. Brian R Ervine owns at least 30,528 shares after this. The price of the stock has decreased by 0.86% since. Sr. V.P. and General Counsel Anita Moseley sold 28,883 shares of EVOL stock on 06/01/2011 at the average price of 7.02.


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