May 25, 2016

Posted by in Stock Reports | 0 Comments

Insiders Sell Significant Shares: Fidelity National Information Services (NYSE:FIS), WEC Energy (NYSE:WEC), Palo Alto Networks (NYSE:PANW)

Insiders Sell Significant Shares: Fidelity National Information Services (NYSE:FIS), WEC Energy (NYSE:WEC), Palo Alto Networks (NYSE:PANW)

Insider trading is defined as a practice wherein trade of a company’s securities is undertaken by people who by virtue of their work have access to the otherwise non public information which can be crucial for making investment decisions.

In order to be able to use insider transactions to help you invest more wisely, you need to know the importance of the dollar value of the insider transactions you are watching. Continual purchases over the span of a few weeks tend to mean the insider is trying to buy in a big way. Also, keep things in perspective by understanding how much of an increase or decrease in the amount of shares owned will occur because of this transaction. The proportionate sizes of the transaction are extremely important.

Fidelity National Information Services (NYSE:FIS) saw an insider sell on May 23, 2016 that may make shareholders worried. HUNT DAVID K, director, sold 14,738 shares at $72.54 a piece. The total sale came to $1,069,095, leaving the total count to 34,967 shares. Its shares currently owned by company management are 0.50% while institutional investors own about 87.50%. The 6-month change recorded in total insider ownership was -26.06%. On the other side, 2.73% change in total institutional ownership has been reported for the 3-month period.

Moving on to the second insider trade which involved KLAPPA GALE E, a director at WEC Energy Group Inc (NYSE:WEC) sold 457 shares at $60.16 per share to trim the total holding at 148,804 shares. Its shares currently owned by company management are 0.10% while institutional investors own about 71.30%. The 6-month change recorded in total insider ownership was -63.46%. On the other side, 1.60% change in total institutional ownership has been reported for the 3-month period.

Palo Alto Networks Inc (NYSE:PANW) also received some insider trading action as ZUK NIR, who the company’s CTO is sold some 3,343 shares at a price of $143.99 per share to the holding that now comprises of 2,007,342 shares. Its shares currently owned by company management are 4.00% while institutional investors own about 83.60%. The 6-month change recorded in total insider ownership was -17.47%. On the other side, 6.63% change in total institutional ownership has been reported for the 3-month period.

 

Comments are closed.