Insiders Sold Shares of These Technology Companies Last Week

As the Santa Rally sparks in the financial markets today, here are insiders who were bearish on their own stocks in the Technology sector for the week ending December 16th, 2011:

Dennis D Powell who is Director at Intuit Inc. (NASDAQ:INTU), sold 72,500 shares on Dec 09 at $53.16 per share for a total value of $3,854,310. The shares recently traded at $51.02, down $2.25, or 4.22% 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 >>

Sanjay Mehrotra who is President/CEO at SanDisk Corp. (NASDAQ:SNDK), sold 10,000 shares on Dec 09 at $50.08 per share for a total value of $500,788. The shares recently traded at $46.90, down $3.49, or 6.93% since the insider sale. About the company: SanDisk Corporation supplies flash data storage products. The Company designs, manufactures, and markets industry-standard, solid-state data, digital imaging, and audio storage products using its patented, high-density flash memory and controller technology. Get the most recent company news and stock data here >>

Ajay K Puri who is EVP, Worldwide Sales at NVIDIA Corporation (NASDAQ:NVDA), sold 503,132 shares on Dec 09 at $14.77 per share for a total value of $7,432,668. The shares recently traded at $13.16, down $1.74, or 11.68% since the insider sale. About the company: NVIDIA Corporation designs, develops, and markets three dimensional (3D) graphics processors and related software. The Company’s products provide interactive 3D graphics to the mainstream personal computer market. Get the most recent company news and stock data here >>

Robert J Finocchio who is Director at Altera Corp. (NASDAQ:ALTR), sold 40,000 shares on Dec 12 at $35.05 per share for a total value of $1,402,068. The shares recently traded at $34.07, down $1.51, or 4.24% since the insider sale. About the company: Altera Corporation designs, manufactures, and markets programmable logic devices and associated development tools. The Company’s products, include a variety of programmable logic devices and hardcopy application-specific integrated circuits. Get the most recent company news and stock data here >>

Paul Avenant who is Sr VP-Pres Enterprise Svc Mgmt at BMC Software Inc. (NASDAQ:BMC), sold 6,079 shares on Dec 12 at $34.25 per share for a total value of $208,206. The shares recently traded at $32.93, down $0.93, or 2.75% since the insider sale. About the company: BMC Software, Inc. provides management solutions for mainframe and distributed information technology systems. The Company’s portfolio of software solutions spans enterprise systems, applications, databases and IT process management. BMC also provides maintenance and support for its products and performs software implementation, integration and education services for its customers. Get the most recent company news and stock data here >>

Lawrence Page who is Chief Executive Officer at Google Inc. (NASDAQ:GOOG), sold 27,778 shares on Dec 14 at $617.67 per share for a total value of $17,157,653. The shares recently traded at $621.83, up $3.76, or 0.61% since the insider sale. About the company: Google Inc. is a global technology company that provides a web based search engine through its website. The Company offers a wide range of search options, including web, image, groups, directory, and news searches. Get the most recent company news and stock data here >>

Graham Smith who is Chief Financial Officer at Salesforce.com (NYSE:CRM), sold 11,500 shares on Dec 15 at $108.22 per share for a total value of $1,244,566. The shares recently traded at $103.47, down $3.24, or 3.04% since the insider sale. About the company: Salesforce.com, Inc. provides software on demand. The Company supplies a customer relationship management service to businesses worldwide providing a technology platform for customers and developers to build and run business applications. Clients use Salesforce.com to manage their customer, sales and operational data. Get the most recent company news and stock data here >>

Crawford W Beveridge who is Director at Autodesk, Inc. (NASDAQ:ADSK), sold 12,000 shares on Dec 15 at $31.61 per share for a total value of $379,320. The shares recently traded at $30.20, down $0.87, or 2.8% since the insider sale. About the company: Autodesk, Inc. supplies PC software and multimedia tools. The Company’s two-dimensional and three-dimensional products are used across industries and in the home for architectural design, mechanical design, geographic information systems and mapping, and visualization applications. Autodesk’s software products are sold worldwide through a network of dealers and distributors. Get the most recent company news and stock data here >>

John Hertz who is VP and Chief Financial Officer at Novellus Systems, Inc. (NASDAQ:NVLS), sold 15,000 shares on Dec 15 at $42.04 per share for a total value of $630,585. The shares recently traded at $38.88, down $1.49, or 3.69% since the insider sale. About the company: Novellus Systems, Inc. manufactures, markets, and services equipment used in the fabrication of integrated circuits, commonly called chips or semiconductors. The Company also develops, manufactures, sells and supports grinding, lapping and polishing equipment for a broad spectrum of industrial applications. Get the most recent company news and stock data here >>

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. 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 >>

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

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