Weekly CEO Buys Highlight: AKAM, DRC, MDRX, MTG, CDXS

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Mar 17, 2013
According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below:



Akamai Technologies, Inc. (AKAM, Financial): CEO F. Thomson Leighton Bought 30,000 Shares

CEO of Akamai Technologies, Inc. (AKAM) F. Thomson Leighton bought 30,000 shares on March 13, 2013 at an average price of $34.59. Akamai Technologies, Inc. was incorporated in Delaware in 1998. Akamai Technologies, Inc. has a market cap of $6.17 billion; its shares are traded at around $34.59 with a P/E ratio of 30.9598 and a P/S ratio of 4.5893. Akamai Technologies, Inc. had an annual average earnings growth of 26.3% over the past 10 years.

AKAM recently reaffirmed its first quarter 2013 guidance. The company announced that it continues to expect first quarter revenue in the range of $352 million to $362 million, adjusted EBITDA margins in the range of 42 to 43 percent, and normalized net income per diluted share in the range of $0.50 to $0.52.

John Hussman owns 500,000 shares as of December 31, 2012, which accounts for 0.54% of the $3.8 billion portfolio of Hussman Economtrics Advisors. PRIMECAP Management owns 82,000 shares as of December 31, 2012, which accounts for 0.0054% of the $61.82 billion portfolio of PRIMECAP Management.

Director George H. Conrades bought 27,325 shares of AKAM stock on February 12, 2013 at the average price of 36.74. George H. Conrades owns at least 798,634 shares after this. The price of the stock has decreased by 5.85% since.

Dresser-Rand Group, Inc. (DRC, Financial): President and CEO Vincent R. Volpe, Jr. Bought 17,680 Shares

President and CEO of Dresser-Rand Group, Inc. (DRC) Vincent R. Volpe, Jr. bought 17,680 shares on March 8, 2013 at an average price of $60.91. Dresser-Rand Group Inc. is a Delaware corporation formed in October 2004. Dresser-Rand Group, Inc. has a market cap of $4.62 billion; its shares are traded at around $60.91 with a P/E ratio of 25.9067 and a P/S ratio of 1.6966. Dresser-Rand Group, Inc. had an annual average earnings growth of 2.6% over the past 5 years.

Dresser-Rand recently reported net income of $80.2 million, or $1.05 per diluted share, for the fourth quarter of 2012, which compares with a net income of $68.9 million, or $0.91per diluted share, for the fourth quarter 2011. Net income was $179.0 million, or $2.35 per diluted share, for 2012, which compares with net income of $120.8 million, or $1.54 per diluted share, for 2011.

Jean-Marie Eveillard owns 820,890 shares as of December 31, 2012, which accounts for 0.16% of the $28.07 billion portfolio of First Eagle Investment Management, LLC. John Keeley owns 561,549 shares as of December 31, 2012, which accounts for 0.7% of the $4.48 billion portfolio of Keeley Fund Management.

Allscripts-Misys Healthcare Solutions, Inc. (MDRX, Financial): CEO and President Paul Black Bought 23,625 Shares

CEO and President of Allscripts-Misys Healthcare Solutions, Inc. (MDRX) Paul Black bought 23,625 shares on March 12, 2013 at an average price of $13.81. Allscripts-Misys Healthcare Solutions, Inc. is a provider of clinical, financial, connectivity and information solutions and related professional services that empower hospitals, physicians and post-acute organizations to deliver world-class outcomes. Allscripts-Misys Healthcare Solutions, Inc. has a market cap of $2.39 billion; its shares are traded at around $13.81 with a P/E ratio of 51.8 and a P/S ratio of 1.7062. Allscripts-Misys Healthcare Solutions, Inc. had an annual average earnings growth of 28.7% over the past 5 years.

MDRX recently reported its fourth quarter 2012 financial results. The company announced GAAP revenue of $350.9 million and non-GAAP revenue of $368.0 million. This compares with GAAP and non-GAAP revenue of $388.2 and $389.2 million, respectively, in the fourth quarter of 2011.

Third Avenue Management bought 1,235,495 shares in the quarter that ended on December 31, 2012, which is 0.25% of the $4.63 billion portfolio of Third Avenue Management. Edward Owens owns 3,787,009 shares as of December 31, 2012, an increase of 55.24% from the previous quarter. This position accounts for 0.094% of the $37.82 billion portfolio of Vanguard Health Care Fund.

Director Dennis Chookaszian bought 40,000 shares of MDRX stock on March 12, 2013 at the average price of 12.53. Dennis Chookaszian owns at least 75,595 shares after this. The price of the stock has increased by 10.22% since.

MGIC Investment Corporation (MTG, Financial): Chairman and CEO Curt S. Culver Bought 50,000 Shares

Chairman and CEO of MGIC Investment Corporation (MTG) Curt S. Culver bought 50,000 shares on March 7, 2013 at an average price of $4.91. MGIC Investment Corporation is a Wisconsin corporation organized in 1984. Mgic Investment Corporation has a market cap of $993.314 million; its shares are traded at around $4.91 with and a P/S ratio of 0.7192.

John Griffin owns 9,900,600 shares as of December 31, 2012, which accounts for 0.37% of the $7.19 billion portfolio of Blue Ridge Capital.

Executive Vice President and CFO Jon Michael Lauer bought 50,000 shares of MTG stock on March 7, 2013 at the average price of 3.79. Jon Michael Lauer owns at least 930,391 shares after this. The price of the stock has increased by 29.55% since.

Codexis, Inc. (CDXS, Financial): President and CEO John J. Nicols Bought 81,000 Shares

President and CEO of Codexis, Inc. (CDXS) John J. Nicols bought 81,000 shares during the past week at an average price of $2.52. Codexis, Inc. was incorporated in Delaware in January 2002. Codexis, Inc. has a market cap of $94.2559 million; its shares were traded at around $2.52 with and P/S ratio of 0.8015.

Codexis recently reported its fourth quarter 2012 financial results. Revenues for the fourth quarter of 2012 were $7.9 million, a 76% decrease from $33.5 million in the fourth quarter of 2011.

Senior Vice President and CFO David D. O'Toole bought 10,000 shares of CDXS stock on March 4, 2013 at the average price of 2.02. David D. O'Toole owns at least 115,384 shares after this. The price of the stock has increased by 24.75% since.