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Weekly CFO Sells Highlight: Apple, Palo Alto Networks, Adobe Systems Inc.

According to GuruFocus Insider Data, the recent CFO sales were: Apple Inc. ( NASDAQ:AAPL ), Palo Alto Networks Inc. ( NYSE:PANW ) and Adobe Systems Inc. ( NASDAQ:ADBE ).

Apple Inc.: Senior Vice President and CFO Luca Maestri sold 7,782 shares

On Oct. 6, Maestri sold 7,782 shares at an average price of $110.14. The price of the stock has increased by 1.8%. Apple has a market cap of $639.39 billion and its shares were traded at around $112.12. The company has a P/E ratio of 12.90 and P/S ratio of 2.93 with a dividend yield of 1.75%. Over the past 10 years, Apple had an annual average earnings growth of 58.00%. GuruFocus rated Apple the business predictability rank of 4.5-star s .

Apple announced its 2015 second quarter results with revenues of $49.61 billion and gross profit of $19.68 billion, while net income was $10.68 billion. The 2014 total revenue was $182.80 billion, a 7% increase from the 2013 total revenue. The 2014 gross profit was $70.54 billion, a 10% increase from the 2013 gross profit. The 2014 net income was $39.51 billion.

On July 27, Director Susan Wagner bought 3,800 shares at an average price of $123.49. On Oct. 2, Senior Vice President Jeffrey E. Williams sold 46,873 shares at an average price of $110.49. On July 24, Senior Vice President Daniel J. Riccio sold 24,085 shares at an average price of $124.78.

Palo Alto Networks Inc.: CFO Steffan Tomlinson sold 2,332 shares

On Sept. 21, Tomlinson sold 2,332 shares at an average price of $186.72. The price of the stock has decreased by 7.95%. Palo Alto Networks Inc. has a market cap of $14.61 billion and its shares were traded at around $171.88. The company has a P/S ratio of 15.13.

Palo Alto Networks announced its 2015 third quarter results with revenues of $283.88 million and gross profit of $209.56 million, while the net income was $45.97 million. The 2015 total revenue was $928.05 million, a 55% increase from the 2014 total revenue. The 2015 gross profit was $676.55 million, a 54% increase from the 2014 gross profit. The 2015 net income was $164.98 million.

On Sept. 21, President and CEO Mark D. Mclaughlin sold 4,404 shares at an average price of $186.72. On Oct. 7, CTO Nir Zuk sold 30,000 shares at an average price of $164.68. On Oct. 6, Director Daniel J. Warmenhoven sold 5,000 shares at an average price of $174.42. The price of the stock has decreased by 1.46%.

Adobe Systems Inc.: EVP, CFO and Asst. Secretary Mark Garrett sold 26,899 shares

On Aug. 17, Garrett sold 26,899 shares at an average price of $86.49. The price of the stock has decreased by 3.09%. Adobe Systems has a market cap of $41.81 billion and its shares were traded at around $83.82. The company has a P/E ratio of 86.10 and P/S ratio of 9.30. Over the past 10 years, Adobe Systems had an annual average earnings growth of 2.40%.

Adobe Systems announced its 2015 third quarter results with revenues of $1.22 billion and gross profit of $1.03 billion, while the net income was $174.47 million. The 2014 total revenue was $4.15 billion, a 2% increase from the 2013 total revenue. The 2014 gross profit was $3.52 billion, a 2% increase from the 2013 gross profit. The 2014 net income was $268.40 million.

On Oct. 1, President and CEO Shantanu Narayen sold 22,422 shares at an average price of $82.12. On Oct. 8, Co-Chairman of the board John E. Warnock sold 50,000 shares at an average price of $80.6. On Sept. 9, SVP and Chief Marketing Officer Ann Lewnes sold 4,000 shares at an average price of $80.79.

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This article first appeared on GuruFocus .

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


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

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