Weeky CFO Sells Highlight: ADBE, HAE, WAGE, OVTI, ICPT

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According to GuruFocus Insider Data , the largest CFO sells during the past week were: Adobe Systems Inc., Haemonetics Corporation, WageWorks Inc., OmniVision Technologies Inc. and Intercept Pharmaceuticals Inc.

Adobe Systems Inc. ( ADBE ): EVP, CFO and Assistant Secretary Mark Garrett Sold 232,276 Shares

EVP, CFO and Assistant Secretary Mark Garrett sold 232,276 shares of ADBE stock on 06/21/2013 at the average price of $44.95. Mark Garrett owns at least 117,847 shares after this. The price of the stock has decreased by 0.4% since.

Adobe Systems Inc was originally incorporated in California in October 1983 and was reincorporated in Delaware in May 1997. Adobe Systems Inc has a market cap of $22.53 billion; its shares were traded at around $44.77 with a P/E ratio of 31.75 and P/S ratio of 5.33. Adobe Systems Inc had an annual average earnings growth of 13.8% over the past 10 years. GuruFocus rated Adobe Systems Inc the business predictability rank of 3.5-star .

Adobe Systems Inc. reported second quarter 2013 income of $76.5 million ($0.15 per share), compared to $223.9 million ($0.45 per share) in the prior year quarter. Second quarter revenue was $1.01 billion, down from the $1.12 billion reported last year.

President and CEO Shantanu Narayen sold 50,000 shares of ADBE stock on 06/20/2013 at the average price of $44.85.

Haemonetics Corporation ( HAE ): CFO & EVP Business Development Christopher J. Lindop Sold 68,628 Shares

CFO & EVP Business Development Christopher J. Lindop sold 68,628 shares of HAE stock on 06/18/2013 at the average price of $42.5. Christopher J. Lindop owns at least 30,414 shares after this. The price of the stock has decreased by 0.8% since.

Haemonetics Corporation was founded in 1971 and incorporated in Massachusetts in 1985. Haemonetics Corporation has a market cap of $2.14 billion; its shares were traded at around $42.16 with a P/E ratio of 56.82 and P/S ratio of 2.47. Haemonetics Corporation had an annual average earnings growth of 6.3% over the past 10 years. GuruFocus rated Haemonetics Corporation the business predictability rank of 4-star.

Haemonetics Corporation has released its fourth quarter 2013 results ended March 31, 2013. For this quarter, net revenue increased 34% to $249.9 million. GAAP net income was $12.6 million ($0.24 per share), down 29% from last year. Adjusted net income was up 21% to $25.1 million.

WageWorks Inc ( WAGE ): CFO Richard T. Green Sold 78,000 Shares

CFO of WageWorks Inc ( WAGE ) Richard T. Green sold 78,000 shares during the past week at an average price of $30.44.

WageWorks Inc. was founded in 2000 and it was incorporated in state of Delaware. Wageworks Inc. has a market cap of $1.06 billion; its shares were traded at around $31.83 with a P/E ratio of 74.07 and P/S ratio of 4.82.

For its first quarter of 2013, WageWorks Inc. reported a 27% year-over-year increase in total revenue to $56.1 million. During this quarter, the company generated GAAP net income of $4.6 million ($0.14 per share), compared to $0.3 million ($0.02 per share) last year.

Richard M. Berkeley sold 92,164 shares of WAGE stock on 06/19/2013 at the average price of $32.5.

OmniVision Technologies Inc. ( OVTI ): CFO/VP of Finance Anson Hoi-fung Chan Sold 53,123 Shares

CFO/VP of Finance Anson Hoi-fung Chan sold 53,123 shares of OVTI stock on 06/18/2013 at the average price of $20. Anson Hoi-fung Chan owns at least 36,697 shares after this. The price of the stock has decreased by 5.35% since.

OmniVision Technologies, Inc. designs, develops and markets semiconductor image sensor devices. Omnivision Technologies, Inc. has a market cap of $1.02 billion; its shares were traded at around $18.93 with a P/E ratio of 27.55 and P/S ratio of 0.72.

OmniVision Technologies Inc. has released its fourth quarter 2013 results ended April 30, 2013. Revenues were $336.2 million this quarter, compared to $218.5 million in the fourth quarter of 2012. GAAP net income was $8.9 million compared to $2.7 million in the prior year quarter.

Intercept Pharmaceuticals Inc. ( ICPT ): CFO Barbara Gayle Duncan Sold 50,575 Shares

CFO Barbara Gayle Duncan sold 50,575 shares of ICPT stock on 06/19/2013 at the average price of $34.5. Barbara Gayle Duncan owns at least 6,814 shares after this. The price of the stock has increased by 13.62% since.

Intercept Pharmaceuticals Inc was incorporated in the State of Delaware on September 4, 2002. Intercept Pharmaceuticals Inc has a market cap of $653.237 million; its shares were traded at around $39.20.

President and CEO Mark Pruzanski sold 25,000 shares of ICPT stock on 06/20/2013 at the average price of $38.25. CMO and EVP Development David Shapiro sold 5,016 shares of ICPT stock on 06/17/2013 at the average price of $32.72.

For the complete list of stocks that were sold by their CFOs, go to: Insider Buys.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing

Referenced Stocks: ADBE , HAE , ICPT , OVTI , WAGE

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