Insiders Trading FSYS, ALGN, FHN, AZO

By Jonathan Moreland, founder of Insider Insights and author of Profit From Legal Insider Trading.

NEW YORK ( TheStreet) -- It is a victory for common sense. Tracking the trading behavior of company executives, directors and large shareholders in the stocks of firms they're registered in as "insiders" has proven to be profitable, according to both academic studies and (more importantly) the experience of professional investors.

Below are lists of the top 10 mainly open-market insider purchases and sales filed at the Securities and Exchange Commission Thursday, July 26, 2012 as ranked by dollar value. Please note, however, that these are only factual lists, 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, 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.

So use these regular Top Insider Trades columns as the initial research tools they are meant to be, and click the links in the tables to analyze a company's or insider's full insider history. Also feel free to contact us with any questions on our proprietary insider data, and how it is best analyzed.
Dole Food Co (DOLE) Murdock David H CB,DIR,BO 278,800 2,830,553
Fuel Systems Solutions (FSYS) Douglas Kevin BO 30,200 499,508
Opko Health (OPK) Frost Phillip MD et al CEO,CB,BO 65,000 286,033
First Horizon National (FHN) Compton John C DIR 30,000 240,300
Pokertek (PTEK) White Gehrig H DIR,BO 133,334 100,001
First Horizon National (FHN) Carter Robert B DIR 12,500 99,871
Philip Morris International (PM) Marchionne Sergio DIR 1,000 87,880
Presidential Realty (PDNLB) Feder Robert DIR 53,333 40,000
Presidential Realty (PDNLB) Rogers Jeffrey S DIR 40,000 30,000
Texas Industries (TXI) Foley Sean P DIR 500 22,140
Source: Insider Insights
Microsoft (MSFT) Gates William H III DIR 2,750,000 79,986,496
Mastercard (MA) Mastercard Foundation BO 10,980 4,550,207
Autozone (AZO) McKenna William Andrew DIR 10,000 3,754,775
Intel (INTC) Sodhani Arvind PR 111,749 2,816,075
Mellanox Technologies (MLNX) Ashuri Roni VP 25,000 2,281,344
Align Technology (ALGN) Prescott Thomas M PR,CEO,DIR 65,000 2,211,313
Packaging Corp (PKG) Stecko Paul T CB,DIR 62,400 1,871,800
Fortinet (FTNT) Xie Michael VP,CTO,DIR 54,000 1,212,657
Stryker (SYK) Stryker Ronda E DIR 18,000 922,849
Cornerstone Ondemand (CSOD) Miller Adam L CEO,DIR,BO 33,160 759,451
Source: Insider Insights

Key to Titles: A=Assistant, AI=Affiliated Investor, AO=Accounting Officer, BD=Business Development, BO=Beneficial Owner, CAO=Chief Accounting Officer, CB=Chairman, CCO=Chief Compliance Officer, CEO=Chief Executive Officer, CFO=Chief Financial Officer, CIO=Chief Information Officer, CO=Compliance Officer, COO=Chief Operating Officer, CT=Controller, CTO=Chief Technology Officer, DIR=Director, EVP=Executive Vice President, F=Founder, FO=Financial Officer, GC=General Counsel, HR=Human Resources, IO=Information Officer, IR=Investor Relations, LO=Legal Officer, MD=Managing Director, O=Officer, OO=Operating Officer, PR=President, PT=Partner, REL=Relative of an insider, SEC=Secretary, SH=Shareholder, SO=Sales Officer, TO=Technology Officer, TR=Treasurer, TT=Trustee, VCB=Vice Chairman, VP=Vice President, X=Ex Officer or other title displayed.
Jonathan Moreland is the founder of, which produces a weekly newsletter and offers professional screening and alerting tools to analyze a proprietary, real-time insider data feed. He is also the principal of Insider Asset Management, a registered investment advisor in New York. Mr. Moreland has been analyzing insider data professionally for two decades and has been a contributor to since 2001. A fundamental analyst with an MBA in finance, Mr. Moreland long ago identified insider data as an excellent first screen to determine where to focus his research efforts. He is quoted frequently in the media for his insider analysis and stock recommendations stemming from it. He is also author of Profit From Legal Insider Trading.

Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. While he cannot provide investment advice or recommendations, Moreland appreciates your feedback; click here to send him an email.