Saturday, 20 January, 2018

Adobe Systems Incorporated (NASDAQ:ADBE) Director Robert K. Burgess Sells 25000 Shares

Conrad Doyle | 14 January, 2018, 02:50

The institutional investor held 66,432 shares of the prepackaged software company at the end of 2017Q3, valued at $9.91 million, up from 57,466 at the end of the previous reported quarter. Gemmer Asset Management Llc who had been investing in Adobe Sys Inc for a number of months, seems to be bullish on the $96.15B market cap company. Decatur Capital Management Inc. now owns 134,070 shares of the software company's stock valued at $14,552,000 after buying an additional 3,650 shares during the last quarter. About 626,535 shares traded or 50.93% up from the average. FTB Advisors Inc. increased its holdings in Adobe Systems by 1.2% during the second quarter. It has outperformed by 25.59% the S&P500.

John Ku increased its stake in Dollar Tree Inc (DLTR) by 33.33% based on its latest 2017Q3 regulatory filing with the SEC. BlackRock Inc. now owns 34,445,217 shares of the software company's stock valued at $4,871,931,000 after purchasing an additional 2,621,275 shares during the last quarter. Investment Counselors Of Maryland Llc who had been investing in Rush Enterprises Inc Cl A for a number of months, seems to be less bullish one the $2.11B market cap company. The stock increased 3.13% or $3.49 during the last trading session, reaching $114.84. About 246,865 shares traded or 14.23% up from the average. Dollar Tree, Inc. (NASDAQ:DLTR) has risen 3.60% since January 13, 2017 and is uptrending. It has outperformed by 64.22% the S&P500.

Capital Counsel LLC NY increased its holdings in Adobe Systems by 1.0% during the second quarter. Its down 0.30, from 1.28 in 2017Q2. It improved, as 21 investors sold AL shares while 74 reduced holdings. 55 funds opened positions while 163 raised stakes. Amer Century Inc owns 0.12% invested in Vulcan Materials Company (NYSE:VMC) for 992,816 shares. Parkside Bankshares holds 0.02% or 945 shares in its portfolio. Jennison Assocs Llc owns 10.88M shares. Wells Fargo & Mn reported 0% in Wayne Savings Bancshares, Inc. 1,764 are owned by Investec Asset Mgmt. (NASDAQ:DLTR). Gulf Bank (Uk) Limited stated it has 73,717 shares. Citadel Limited Co invested 0% of its portfolio in Air Lease Corporation (NYSE:AL). Moreover, Connable Office has 0.05% invested in Air Lease Corporation (NYSE:AL). Zweig owns 1,800 shares or 0.02% of their United States portfolio. Deprince Race & Zollo, a Florida-based fund reported 792,932 shares. 81,219 were accumulated by Stevens Cap Management Lp. Morgan Stanley, New York-based fund reported 8,414 shares. Suvretta Capital Management Llc owns 2.52 million shares or 10.61% of their U.S. portfolio. Dollar Tree Inc. had 92 analyst reports since August 6, 2015 according to SRatingsIntel. Principal Financial Group Inc. now owns 744,246 shares of the software company's stock valued at $80,780,000 after buying an additional 40,224 shares during the last quarter. ADBE's profit will be $522.52M for 46.00 P/E if the $1.06 EPS becomes a reality. Barometer Capital reported 0.11% in Adobe Systems Incorporated (NASDAQ:ADBE). The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned "Buy" rating by Cowen & Co on Wednesday, September 20. Therefore 71% are positive. Alder Biopharmaceuticals had 31 analyst reports since August 6, 2015 according to SRatingsIntel. On Thursday, March 31 the stock rating was initiated by Canaccord Genuity with "Buy". The firm has "Buy" rating by Canaccord Genuity given on Thursday, December 14. As per Tuesday, January 2, the company rating was maintained by Stephens. DA Davidson upgraded Vulcan Materials Company (NYSE:VMC) rating on Monday, August 17. On Friday, September 18 the stock rating was maintained by Jefferies with "Buy". The firm has "Sector Perform" rating given on Friday, January 29 by RBC Capital Markets. The firm has "Hold" rating given on Friday, September 15 by Credit Suisse. (NASDAQ:RUSHA) to report earnings on February, 21. On Monday, October 2 the insider Chen Jie sold $172,000.

Want to see what other hedge funds are holding ADBE? Pivotal Research raised shares of Adobe Systems from a "sell" rating to a "hold" rating and boosted their price objective for the company from $118.00 to $160.00 in a research note on Wednesday, October 18th. The rating was maintained by BB&T Capital on Wednesday, May 4 with "Buy". On Wednesday, November 8 the stock rating was maintained by Needham with "Buy". The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has "Overweight" rating given on Tuesday, July 26 by Piper Jaffray. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned "Buy" rating by RBC Capital Markets on Sunday, July 30. Deutsche Bank maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, March 23 with "Buy" rating. On Friday, December 11 the stock rating was maintained by KeyBanc Capital Markets with "Overweight". The firm earned "Buy" rating on Wednesday, September 21 by Pivotal Research. The stock has "Buy" rating by BMO Capital Markets on Tuesday, June 20.

The stock of Adobe Systems Incorporated (NASDAQ:ADBE) hit a new 52-week high and has $208.70 target or 7.00 % above today's $195.05 share price.

Since August 9, 2017, it had 1 insider purchase, and 7 selling transactions for $6.56 million activity. 1,953 Adobe Systems Incorporated (NASDAQ:ADBE) shares with value of $297,032 were sold by Lewnes Ann. Bender Robert Assocs holds 2% or 23,299 shares in its portfolio. 1,125 shares valued at $199,520 were bought by Banse Amy on Monday, December 18.

Investors sentiment is 1.33 in Q3 2017. Its up 0.11, from 0.95 in 2017Q2. Sold All: 42 Reduced: 327 Increased: 312 New Position: 97. 25 funds opened positions while 67 raised stakes. The active investment managers in our partner's database now hold: 414.95 million shares, down from 418.45 million shares in 2017Q2. Bancorpsouth reported 0.07% in Adobe Systems Incorporated (NASDAQ:ADBE). Hardman Johnston Advsr Ltd Llc has 2.2% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Macquarie Grp Inc Inc has 0% invested in TESSCO Technologies Incorporated (NASDAQ:TESS). Sei Communication has invested 0.46% in Adobe Systems Incorporated (NASDAQ:ADBE). Kames Public Ltd Company reported 0.38% stake. Its down 12.33% from 7,300 shares previously. Alliancebernstein Lp reported 51,117 shares stake. Oppenheimer Asset Mgmt holds 1,017 shares. Ckw Financial Group Inc holds 0.01% in Adobe Systems Incorporated (NASDAQ:ADBE) or 200 shares. Adage Cap Prtn Gp Limited Com stated it has 0.26% in Adobe Systems Incorporated (NASDAQ:ADBE).

Family Capital Trust Co holds 37.26% of its portfolio in Adobe Systems Incorporated for 494,348 shares.

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