Insiders Cashing These Tech Stocks at End of December

We’re uncovering insiders who are bearish on these stocks in the Technology sector for the week ending December 23rd, 2011:

David Wadhwani who is SVP, Digital Media BU at Adobe Systems Inc. (NASDAQ:ADBE), sold 5,999 shares on Dec 19 at $27.85 per share for a total value of $167,077. The shares recently traded at $28.29, up $0.78, or 2.84% since the insider sale. About the company: Adobe Systems Incorporated develops, markets, and supports computer software products and technologies. The Company’s products allow users to express and use information across all print and electronic media. Adobe offers a line of application software products, type products, and content for creating, distributing, and managing information. Get the most recent company news and stock data here >>

John W Gamble Jr who is EVP & CFO at Lexmark International Inc. (NYSE:LXK), sold 4,370 shares on Dec 19 at $32.17 per share for a total value of $140,586. The shares recently traded at $34.00, up $1.96, or 6.12% since the insider sale. About the company: Lexmark International, Inc. develops, manufactures, and supplies printing and imaging solutions for offices and homes. The Company’s products include laser printers, inkjet printers, multifunction devices, and associated supplies, services and solutions. Lexmark’s products are sold in North and South America, Europe, the Middle East, Africa, Asia, the Pacific Rim and the Caribbean. Get the most recent company news and stock data here >>

Martin S Canning who is Executive Vice President at Lexmark International Inc. (NYSE:LXK), sold 4,310 shares on Dec 19 at $32.28 per share for a total value of $139,148. The shares recently traded at $34.00, up $1.96, or 6.12% since the insider sale. About the company: Lexmark International, Inc. develops, manufactures, and supplies printing and imaging solutions for offices and homes. The Company’s products include laser printers, inkjet printers, multifunction devices, and associated supplies, services and solutions. Lexmark’s products are sold in North and South America, Europe, the Middle East, Africa, Asia, the Pacific Rim and the Caribbean. Get the most recent company news and stock data here >>

Paul A Rooke who is Chairman and CEO at Lexmark International Inc. (NYSE:LXK), sold 4,325 shares on Dec 19 at $32.15 per share for a total value of $139,050. The shares recently traded at $34.00, up $1.96, or 6.12% since the insider sale. About the company: Lexmark International, Inc. develops, manufactures, and supplies printing and imaging solutions for offices and homes. The Company’s products include laser printers, inkjet printers, multifunction devices, and associated supplies, services and solutions. Lexmark’s products are sold in North and South America, Europe, the Middle East, Africa, Asia, the Pacific Rim and the Caribbean. Get the most recent company news and stock data here >>

Thomas W Sweet who is CAO at Dell Inc. (NASDAQ:DELL), sold 31,885 shares on Dec 20 at $15.25 per share for a total value of $486,119. The shares recently traded at $14.90, down $0.25, or 1.65% since the insider sale. About the company: Dell Inc. offers a wide range of computers and related products. The Company sells personal computers, servers and networking products, storage systems, mobility products, software and peripherals, and services. Dell serves consumers and businesses in the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. Get the most recent company news and stock data here >>

Charles C Pappis who is Group VP, GM AGS at Applied Materials Inc. (NASDAQ:AMAT), sold 37,583 shares on Dec 20 at $10.62 per share for a total value of $399,131. The shares recently traded at $10.82, up $0.4, or 3.84% since the insider sale. About the company: Applied Materials, Inc. develops, manufactures, markets, and services semiconductor wafer fabrication equipment and related spare parts for the worldwide semiconductor industry. The Company’s customers include semiconductor wafer and integrated circuit manufacturers, flat panel liquid crystal displays, solar photovoltaic cells and modules and other electronic devices manufacturers. Get the most recent company news and stock data here >>

David H Batchelder who is Director at Intuit Inc. (NASDAQ:INTU), sold 436,300 shares on Dec 21 at $53.03 per share for a total value of $23,136,989. The shares recently traded at $53.10, up $0.03, or 0.06% since the insider sale. About the company: Intuit Inc. develops and markets business and financial management software solutions for small and medium sized businesses, financial institutions, consumers, and accounting professionals The Company provides software for small business management and payroll processing, personal finance, and tax preparation and filing. Get the most recent company news and stock data here >>

Michael R Hallman who is Director at Intuit Inc. (NASDAQ:INTU), sold 50,000 shares on Dec 20 at $53.66 per share for a total value of $2,683,025. The shares recently traded at $53.10, down $0.67, or 1.25% since the insider sale. About the company: Intuit Inc. develops and markets business and financial management software solutions for small and medium sized businesses, financial institutions, consumers, and accounting professionals The Company provides software for small business management and payroll processing, personal finance, and tax preparation and filing. Get the most recent company news and stock data here >>

Karen O Cottle who is SVP, Gen. Counsel & Secretary at Adobe Systems Inc. (NASDAQ:ADBE), sold 22,687 shares on Dec 20 at $28.12 per share for a total value of $638,013. The shares recently traded at $28.29, down $0.15, or 0.53% since the insider sale. About the company: Adobe Systems Incorporated develops, markets, and supports computer software products and technologies. The Company’s products allow users to express and use information across all print and electronic media. Adobe offers a line of application software products, type products, and content for creating, distributing, and managing information. Get the most recent company news and stock data here >>

William D Morean who is Director at Jabil Circuit Inc. (NYSE:JBL), sold 19,200 shares on Dec 21 at $19.11 per share for a total value of $366,822. The shares recently traded at $19.91, up $0.51, or 2.63% since the insider sale. About the company: Jabil Circuit, Inc. is an electronic manufacturing services provider for international electronics companies in the communications, personal computer, peripheral, consumer, and automotive markets. The Company offers circuit design, board design from schematic, prototype assembly, volume board assembly, system assembly, repair, and warranty services. Get the most recent company news and stock data here >>

(Note: Selected financial data are sourced from publicly available SEC filings. All data are assumed to be accurate.)

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To contact the reporter on this story: Dave Friedman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com