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Insider Trading: Phillip Frost Increases Stake in Opko Health; Palo Alto Networks Sees a Sale

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Plus, five purchases at American Realty Capital Properties and a purchase at Aircastle.

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Welcome to our daily roundup of top insider trades. Here's a look at the most significant inside purchases recently filed with the SEC.

Notable Purchases:
  • The Japanese trading company Marubeni (OTCMKTS:MARUY) bought 30,000 shares of commercial jet aircraft company Aircastle (NYSE:AYR) for $554,787.
  • The real estate investment trust American Realty Capital Properties (NASDAQ:ARCP) saw five insiders buys shares: Chairman and CEO Nicholas Schorsch bought 14,690 shares of company stock for $299,228, President David Kay bought 7,500 shares for $152,567, Vice President and Financial Officer Peter Budko bought 5,000 shares for $101,803, Treasurer and CFO Brian Block bought 5,000 shares for $101,683, and Director William Kahane bought 4,900 shares for $99,649.
  • Phillip Frost, the Chairman and CEO of multinational diagnostics and pharmaceutical company Opko Health (NYSE:OPK), bought 7,400 shares of company stock for $62,824.
Notable Sale:
  • Asheem Chandna, a director at network security company Palo Alto Networks (NYSE:PANW), sold 70,000 shares of company stock for $4,204,501.

For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
DIR,BO
B
$554,787
2
CB,CEO
JB*
$299,228
3
PR
JB*
$152,567
4
VP,FO
JB*
$101,803
5
TR,CFO
JB*
$101,683
6
DIR
JB*
$99,649
7
DIR
B
$84,000
8
CEO,CB,BO
B
$62,824
9
DIR
B
$43,267
10
DIR
B
$11,130

Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value
1
BO
S
$23,096,436
2
BO
JS*
$22,119,000
3
CB,F,DIR
AS
$17,524,564
4
COO,DIR
AS
$16,401,096
5
DIR
AS
$4,276,590
6
DIR
AS
$4,204,501
7
CEO,DIR
AS
$3,999,682
8
CEO,DIR,BO
S
$3,093,750
9
BO
AS
$2,826,755
10
BO
AS
$2,259,236

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.

Jonathan Moreland is also the author of "Profit From Legal Insider Trading."
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No positions in stocks mentioned.
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