Dupont Fabros Technology, Inc. (DFT) Files Form 4 Insider Selling : Jeffrey H Foster Sells 13,889 Shares

Dupont Fabros Technology, Inc. (DFT): Jeffrey H Foster , Chief Financial Officer of Dupont Fabros Technology, Inc. sold 13,889 shares on Jun 15, 2016. The Insider selling transaction was reported by the company on Jun 17, 2016 to the Securities and Exchange Commission. The shares were sold at $46.05 per share for a total value of $639,589.81 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 14, 2016, Richard A Jr Montfort (General Counsel) sold 20,326 shares at $45.36 per share price.On Jun 14, 2016, Maria Kenny (EVP, Chief Development Officer) sold 25,000 shares at $46.05 per share price.Also, On Jun 14, 2016, Scott A Davis (EVP & Chief Technology Officer) sold 9,166 shares at $45.52 per share price.On Jun 14, 2016, Michael A Coke (director) sold 5,000 shares at $45.62 per share price.

DuPont Fabros Technology: On Wednesday, Jun 15, 2016 heightened volatility was witnessed in DuPont Fabros Technology which led to swings in the share price. The shares opened for trading at $45.85 and hit $46.41 on the upside , eventually ending the session at $46.07, with a gain of 0.77% or 0.35 points. The heightened volatility saw the trading volume jump to 8,24,687 shares. The 52-week high of the share price is $46.77 and the company has a market cap of $3,429 M . The 52-week low of the share price is at $24.88.

DuPont Fabros Technology Money Flow Index Chart

On Jun 2, 2016, DuPont Fabros Technology announced a cash dividend of $0.4700. The company’s management has announced Jun 29, 2016 as the ex-dividend date and fixed the record date on Jul 1, 2016. The payable date has been fixed on Jul 15, 2016.

Company has been under the radar of several Street Analysts.DuPont Fabros Technology is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 44 from a previous price target of $37 .The Rating was issued on May 9, 2016.DuPont Fabros Technology is Downgraded by Citigroup to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 4, 2016.DuPont Fabros Technology is Reiterated by Barclays to Overweight and the brokerage firm has raised the Price Target to $ 45 from a previous price target of $42 .The Rating was issued on Mar 22, 2016.

DuPont Fabros Technology Inc. is an owner developer operator and manager of enterprise-class carrier-neutral large multi-tenant wholesale data centers. The Company’s facilities are designed to offer specialized efficient and safe computing environments in a low-cost operating model. The Company’s customers outsource their mission-critical applications and include national and international enterprises across numerous industries such as technology Internet content providers media communications cloud-based healthcare and financial services. The Company’s 12 data centers are located in four major United States markets which total approximately three million gross square feet and approximately 266 megawatts of available critical load to power the servers and computing equipment of its customers.

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DuPont Fabros Technology - Is it time to Sell?

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