Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

EMC Buys Shares of VMware and a Major Stockholder Sells Family Dollar

By

Plus, purchases at NuStar Energy and American Campus Communities.

PrintPRINT
Welcome to our daily roundup of top insider trades. Here's a look at the most significant inside sales and purchases filed with the SEC on Monday, April 29, 2013.

Purchases: The data storage products and services corporation EMC (NYSE:EMC) bought 208,970 shares of cloud infrastructure and virtualization company VMware (NYSE:VMW) for $14,995,244. On April 23, the company announced Q1 earnings, with earnings of $0.74 per share and revenue of $1.19 billion (analyst expectations were for earnings of $0.70 per share and revenue of $1.2 billion). So year-over-year revenue growth was 13%, but the company saw margins decrease with net income declining $0.04 year-over-year. This is due in part to VMware's aggressive investment in acquisitions and R&D, in order to compete in the cloud sphere with big players, like IBM (NYSE:IBM), which saw its cloud segment up 70% in most recent earnings. VMware's stock price is down 23.78% year-to-date and 35.78% since this time last year.

William Greehey, the Chairman of the Board of petroleum company NuStar Energy (NYSE:NS), bought 58,000 shares of company stock for $2,979,750. NuStar specializes in the storage, transportation, refining, and marketing of petroleum products. The company announced earnings before the bell on April 24, with net income falling $24.4 million ($0.17 per share) compared with $26.3 million ($0.23 per share) for Q1 2012. Revenue also fell, from $1.6 billion in Q1 2012 to $999.7 million, though it still beat analysts' estimates of $660 million. The company's missing estimates can be attributed, at least in part, to the fuels marketing segment, as demand for bunkers and fuel oil has weakened. The company's stock price is up 18.01% YTD but down 8.84% since this time last year.

Steven Dawson, a Director of self-managed and self-administered real estate investment trust American Campus Communities (NYSE:ACC), bought 7,700 shares of company stock for $329,084. The company specializes in student housing, running the whole gamut: acquisition, design, financing, development, construction management, leasing, and management. The company announced Q1 2013 earnings on April 23, reporting revenue of $165.6 million, up 54.8% from Q1 2012 and operating income that increase 34% year-over-year. The company's stock price, however, is down 3.97% YTD and 0.34% since this time last year.

Sales: Edward Garden, a Director of Family Dollar Stores (NYSE:FDO), sold 524,260 shares of company stock for $33,294,962, reducing his total stake to 8,443,304 shares worth $517,236,803.04 at the current stock price of $61.26. The company announced yesterday that Vice President of Supply Chain Charles Gibson would be leaving the company to pursue other interests.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
B
$14,995,244
2
DIR
B
$2,979,750
3
DIR,BO
B
$2,103,645
4
CEO,CB,BO
B
$345,964
5
DIR
B
$329,084
6
DIR
B
$195,418
7
DIR
B
$129,900
8
VP,CIO
B
$114,700
9
PR,CEO
B
$100,624
10
DIR
B
$97,619

Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
CB,DIR
AS
$84,364,377
2
DIR
S
$33,294,962
3
PR,COO,DIR
S
$11,142,568
4
DIR
AS
$3,900,000
5
DIR
AS
$3,432,792
6
PR,CEO,LO
S
$2,476,764
7
BO
AS
$2,142,294
8
CB,DIR
S
$1,857,773
9
DIR
AS
$1,799,721
10
PR
S
$1,352,540

Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes

An important note from Jonathan Moreland, founder of Insider Insights:

In a victory for common sense, it has been proven profitable -- by both academic studies and (more importantly) the experience of your fellow professional investors -- to monitor the trading behavior of company executives, directors, and large shareholders in the stocks of firms of which they're registered as "insiders."

Please note, however, that the lists above are strictly factual; they are not buy and sell recommendations. Dollar value is only one metric to assess the importance of an insider transaction, and, frankly, often not even the most important metric that determines if an insider transaction is significant.

At InsiderInsights.com, we find new investment ideas just about every day using these and more intricate insider screens to determine where we should focus our subsequent fundamental and technical analysis. And while stocks don't (or shouldn't) move up or down based on insider activity alone, insiders tend to be good indicators of when real stock-moving events like earnings surprises, corporate actions, and new products may be in the offing.

Follow me on Twitter: @JoshWolonick and @Minyanville
< Previous
  • 1
Next >
No positions in stocks mentioned.
PrintPRINT

Busy? Subscribe to our free newsletter!

Submit
 

WHAT'S POPULAR IN THE VILLE