Insider Trading Alert - Cognizant Technology Solutions Corporation And 4 Others Traded By Insiders

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Yesterday, Oct. 16, 2013, 70 U.S. common stocks issued filings of shares being bought or sold by insiders. The transactions ranged in value from $34.53 to $7,833,552.18.

Highlighted Stocks Traded by Insiders:

Cognizant Technology Solutions Corporation (CTSH) - FREE Research Report

Frank Malcolm who is Exec. VP, Strategy & Marketing at Cognizant Technology Solutions Corporation sold 1,658 shares at $87.65 on Oct. 16, 2013. Following this transaction, the Exec. VP, Strategy & Marketing owned 0 shares meaning that the stake was reduced by 100% with the 1,658 share transaction.

The shares most recently traded at $84.10, down $3.55, or 4.22% since the insider transaction. Historical insider transactions for Cognizant Technology Solutions Corporation go as follows:

  • 4-Week # shares sold: 14,545
  • 12-Week # shares bought: 7,500
  • 12-Week # shares sold: 117,607
  • 24-Week # shares bought: 7,500
  • 24-Week # shares sold: 121,202

The average volume for Cognizant Technology Solutions Corporation has been 2.4 million shares per day over the past 30 days. Cognizant Technology Solutions Corporation has a market cap of $25.0 billion and is part of the technology sector and computer software & services industry. Shares are up 12.19% year to date as of the close of trading on Friday.

Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process outsourcing services worldwide. The company operates through four segments: Financial Services; Healthcare; Manufacturing, Retail, and Logistics; and Other. The company has a P/E ratio of 22.1. Currently there are 16 analysts that rate Cognizant Technology Solutions Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.

Exclusive Offer: Get the latest Stock Analysis on CTSH - FREE

TheStreet Quant Ratings rates Cognizant Technology Solutions Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Cognizant Technology Solutions Corporation Ratings Report from TheStreet Quant Ratings now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Tivo (TIVO) - FREE Research Report

Zinn Matthew who is SVP & General Counsel at Tivo sold 12,193 shares at $12.49 on Oct. 16, 2013. Following this transaction, the SVP & General Counsel owned 167,596 shares meaning that the stake was reduced by 6.78% with the 12,193 share transaction.

The shares most recently traded at $12.47, down $0.02, or 0.16% since the insider transaction. Historical insider transactions for Tivo go as follows:

  • 4-Week # shares sold: 24,144
  • 12-Week # shares bought: 10,000
  • 12-Week # shares sold: 36,337
  • 24-Week # shares bought: 10,000
  • 24-Week # shares sold: 90,627

The average volume for Tivo has been 2.5 million shares per day over the past 30 days. Tivo has a market cap of $1.5 billion and is part of the services sector and media industry. Shares are up 1.02% year to date as of the close of trading on Friday.

TiVo Inc., together with its subsidiaries, provides software and service technology that enables the distribution of video content on digital video recorders (DVRs), non-DVR set-top boxes (STB), computers, smartphones, and tablets in the United States and internationally. The company has a P/E ratio of 5.6. Currently there are 9 analysts that rate Tivo a buy, no analysts rate it a sell, and 3 rate it a hold.

Exclusive Offer: Get the latest Stock Analysis on TIVO - FREE

TheStreet Quant Ratings rates Tivo as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, notable return on equity, reasonable valuation levels and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Tivo Ratings Report from TheStreet Quant Ratings now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Chicago Bridge & Iron Company (CBI) - FREE Research Report

Ballschmiede Ronald A who is Executive Vice President & CFO at Chicago Bridge & Iron Company sold 10,000 shares at $71.41 on Oct. 16, 2013. Following this transaction, the Executive Vice President & CFO owned 182,279 shares meaning that the stake was reduced by 5.2% with the 10,000 share transaction.

Bailey Beth A who is Executive Vice President at Chicago Bridge & Iron Company sold 7,233 shares at $72.50 on Oct. 16, 2013. Following this transaction, the Executive Vice President owned 72,326 shares meaning that the stake was reduced by 9.09% with the 7,233 share transaction.

The shares most recently traded at $70.00, down $2.50, or 3.58% since the insider transaction. Historical insider transactions for Chicago Bridge & Iron Company go as follows:

  • 4-Week # shares sold: 38,642
  • 12-Week # shares sold: 159,251
  • 24-Week # shares sold: 382,748

The average volume for Chicago Bridge & Iron Company has been 982,100 shares per day over the past 30 days. Chicago Bridge & Iron Company has a market cap of $7.1 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 43.17% year to date as of the close of trading on Friday.

Chicago Bridge & Iron Company N.V., an energy infrastructure focused company, provides conceptual design, technology, engineering, procurement, fabrication, construction, and commissioning services to customers in the energy, petrochemical, and natural resource industries worldwide. The stock currently has a dividend yield of 0.3%. The company has a P/E ratio of 21.8. Currently there are 10 analysts that rate Chicago Bridge & Iron Company a buy, 1 analyst rates it a sell, and 3 rate it a hold.

Exclusive Offer: Get the latest Stock Analysis on CBI - FREE

TheStreet Quant Ratings rates Chicago Bridge & Iron Company as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, growth in earnings per share, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Chicago Bridge & Iron Company Ratings Report from TheStreet Quant Ratings now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Adobe Systems (ADBE) - FREE Research Report

Dillon Michael A who is SVP, Gen. Counsel & Secretary at Adobe Systems sold 10,000 shares at $52.06 on Oct. 16, 2013. Following this transaction, the SVP, Gen. Counsel & Secretary owned 6,558 shares meaning that the stake was reduced by 60.39% with the 10,000 share transaction.

The shares most recently traded at $50.82, down $1.24, or 2.44% since the insider transaction. Historical insider transactions for Adobe Systems go as follows:

  • 4-Week # shares sold: 15,000
  • 12-Week # shares sold: 45,000
  • 24-Week # shares sold: 61,613

The average volume for Adobe Systems has been 3.2 million shares per day over the past 30 days. Adobe Systems has a market cap of $25.8 billion and is part of the technology sector and computer software & services industry. Shares are up 36.47% year to date as of the close of trading on Friday.

Adobe Systems Incorporated operates as a diversified software company worldwide. The company operates in three segments: Digital Media, Digital Marketing, and Print and Publishing. The company has a P/E ratio of 58.4. Currently there are 11 analysts that rate Adobe Systems a buy, no analysts rate it a sell, and 6 rate it a hold.

Exclusive Offer: Get the latest Stock Analysis on ADBE - FREE

TheStreet Quant Ratings rates Adobe Systems as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Adobe Systems Ratings Report from TheStreet Quant Ratings now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Ciena Corporation (CIEN) - FREE Research Report

Alexander Stephen B who is Sr VP Chief Technology Officer at Ciena Corporation sold 3,500 shares at $26.60 on Oct. 16, 2013. Following this transaction, the Sr VP Chief Technology Officer owned 156,240 shares meaning that the stake was reduced by 2.19% with the 3,500 share transaction.

Rothenstein David M who is Sr. VP, General Counsel at Ciena Corporation sold 1,500 shares at $26.60 on Oct. 16, 2013. Following this transaction, the Sr. VP, General Counsel owned 206,368 shares meaning that the stake was reduced by 0.72% with the 1,500 share transaction.

The shares most recently traded at $27.19, up $0.59, or 2.17% since the insider transaction. Historical insider transactions for Ciena Corporation go as follows:

  • 4-Week # shares sold: 53,240
  • 12-Week # shares sold: 88,040
  • 24-Week # shares sold: 225,479

The average volume for Ciena Corporation has been 3.5 million shares per day over the past 30 days. Ciena Corporation has a market cap of $2.6 billion and is part of the technology sector and telecommunications industry. Shares are up 60% year to date as of the close of trading on Friday.

Ciena Corporation provides communications networking equipment, software, and services that support the transport, switching, aggregation, and management of voice, video, and data traffic worldwide. Currently there are 12 analysts that rate Ciena Corporation a buy, no analysts rate it a sell, and 5 rate it a hold.

Exclusive Offer: Get the latest Stock Analysis on CIEN - FREE

TheStreet Quant Ratings rates Ciena Corporation as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share and increase in net income. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. Get the full Ciena Corporation Ratings Report from TheStreet Quant Ratings now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

Data for this article provided by Zacks Investment Research

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