Insider Trading Alert - ADBE, CIEN And AAPL 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, April 24, 2014, 69 U.S. common stocks issued filings of shares being bought or sold by insiders. The transactions ranged in value from $101.08 to $41,000,000.00.

Highlighted Stocks Traded by Insiders:

Adobe Systems (ADBE) - FREE Research Report

Warnock John E, who is Director at Adobe Systems, sold 20,000 shares at $64.44 on April 24, 2014. Following this transaction, the Director owned 725,123 shares meaning that the stake was reduced by 2.68% with the 20,000-share transaction.

Cannon Michael R, who is Director at Adobe Systems, sold 10,629 shares at $64.45 on April 24, 2014. Following this transaction, the Director owned 30,712 shares meaning that the stake was reduced by 25.71% with the 10,629-share transaction.

The shares most recently traded at $62.79, down $1.66, or 2.64% since the insider transaction. Historical insider transactions for Adobe Systems go as follows:

  • 4-Week # shares sold: 15,875
  • 12-Week # shares sold: 45,875
  • 24-Week # shares sold: 147,917

The average volume for Adobe Systems has been 4.3 million shares per day over the past 30 days. Adobe Systems has a market cap of $32.0 billion and is part of the technology sector and computer software & services industry. Shares are up 5.58% year-to-date as of the close of trading on Thursday.

Adobe Systems Incorporated operates as a diversified software company worldwide. It operates in three segments: Digital Media, Digital Marketing, and Print and Publishing. The company has a P/E ratio of 134.3. Currently, there are 13 analysts who rate Adobe Systems a buy, no analysts rate it a sell, and 5 rate it a hold.

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

TheStreet Quant Ratings rates Adobe Systems as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. 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 (CIEN) - FREE Research Report

Moylan James E Jr, who is SVP Finance, CFO at Ciena, sold 1,000 shares at $20.40 on April 24, 2014. Following this transaction, the SVP Finance, CFO owned 376,261 shares meaning that the stake was reduced by 0.27% with the 1,000-share transaction.

The shares most recently traded at $20.94, up $0.54, or 2.58% since the insider transaction. Historical insider transactions for Ciena go as follows:

  • 4-Week # shares sold: 17,237
  • 12-Week # shares sold: 117,531
  • 24-Week # shares sold: 360,710

The average volume for Ciena has been 4.3 million shares per day over the past 30 days. Ciena has a market cap of $2.2 billion and is part of the technology sector and telecommunications industry. Shares are down 10.86% year-to-date as of the close of trading on Thursday.

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 15 analysts who rate Ciena a buy, no analysts rate it a sell, and 4 rate it a hold.

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

TheStreet Quant Ratings rates Ciena as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full Ciena 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.

Apple (AAPL) - FREE Research Report

Riccio Daniel J., who is Senior Vice President at Apple, sold 616 shares at $530.05 on April 24, 2014. Following this transaction, the Senior Vice President owned 1,839 shares meaning that the stake was reduced by 25.09% with the 616-share transaction.

The shares most recently traded at $565.90, up $35.85, or 6.33% since the insider transaction. Historical insider transactions for Apple go as follows:

  • 4-Week # shares sold: 3,064
  • 12-Week # shares sold: 8,712
  • 24-Week # shares sold: 13,772

The average volume for Apple has been 10.5 million shares per day over the past 30 days. Apple has a market cap of $468.1 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 1.2% year-to-date as of the close of trading on Thursday.

Apple Inc. and its wholly-owned subsidiaries design, manufacture, and market mobile communication and media devices, personal computers, and portable digital music players worldwide. The stock currently has a dividend yield of 2.3%. The company has a P/E ratio of 13.1. Currently, there are 28 analysts who rate Apple a buy, no analysts rate it a sell, and 9 rate it a hold.

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

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