Hedge Fund and Insider Trading News: David Tepper, Michael Platt, Renaissance Technologies, Soros Fund Management, Transdigm Group Inc. (TDG), Palo Alto Networks Inc (PANW), and More

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$7 Million Insider Trading Probe Charges IT Staffer At $22 Billion Cybersecurity Company (Forbes)
An IT staffer at one of the hottest cybersecurity companies in the world, Palo Alto Networks, is at the center of a $7 million insider trading investigation, according to an indictment unsealed Monday. Janardhan Nellore, a 42-year-old software engineer who was employed by Palo Alto Networks from 2012, is accused of making illegal stock trades based on confidential information he had gleaned about company performance. He’s also accused of sharing that information with others, who also traded based on Nellore’s tips, the Justice Department said.

Transdigm Group Inc (TDG) President & CEO Kevin M Stein Sold $5.7 million of Shares (Guru Focus)
President & CEO of Transdigm Group Inc., Kevin M Stein, sold 9,900 shares of TDG on 12/16/2019 at an average price of $572.93 a share. The total sale was $5.7 million. TransDigm Group Inc is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. TransDigm Group Inc has a market cap of $30.26 billion; its shares were traded at around $565.10 with a P/E ratio of 40.80 and P/S ratio of 6.08.

The COB & CEO of SS&C Technologies Holdings (NASDAQ: SSNC) is Buying Shares (Analyst Ratings)
Yesterday, the COB & CEO of SS&C Technologies Holdings (SSNC), William C. Stone, bought shares of SSNC for $1.85M. Following William C. Stone’s last SSNC Buy transaction on August 05, 2016, the stock climbed by 28.4%. In addition to William C. Stone, one other SSNC executive reported Buy trades in the last month.

Secrecy, Speed Key to insider Trading Probe (Cogencis.com)
The swiftness with which the Securities and Exchange Board of India moved to freeze money and Demat accounts of alleged violators in some insider trading cases is commendable. On Tuesday, SEBI issued an interim order asking promoters of PC Jewellers Ltd to deposit money in an Escrow account to comply with the market regulator’s order in an insider trading case. SEBI had acted with a similar swiftness in the Karvy Stock Broking case, too.





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