Adobe Systems Incorporated (ADBE) Stake Increased by Cetera Advisors LLC
- Lewis Collier
Egerton Capital Uk Llp acquired 337,678 shares as Adobe Sys Inc (ADBE)'s stock rose 14.01%. The institutional investor held 390,220 shares of the paper company at the end of 2017Q3, valued at $22.17 million, down from 412,602 at the end of the previous reported quarter. Ao Asset Management Llc who had been investing in Adobe Sys Inc for a number of months, seems to be less bullish one the $96.15B market cap company.
The stock increased 1.36% or $0.9 during the last trading session, reaching $67.3. The shares were sold at an average price of $175.39, for a total transaction of $4,384,750.00.
Adobe Systems Incorporated (NASDAQ:ADBE) Director John E. Warnock sold 4,600 shares of the firm's stock in a transaction that occurred on Thursday, December 21st. It has outperformed by 25.59% the S&P500.
Salem Investment Counselors Inc decreased its stake in Johnson & Johnson (JNJ) by 6.02% based on its latest 2017Q3 regulatory filing with the SEC. American Assets Investment Management Llc who had been investing in Time Warner Inc for a number of months, seems to be less bullish one the $71.67B market cap company. The stock increased 0.67% or $0.97 during the last trading session, reaching $145.76. About 283,349 shares traded. Pinnacle Foods Inc. (NYSE:PF) has risen 41.67% since January 14, 2017 and is uptrending. It has outperformed by 19.67% the S&P500.
Since August 9, 2017, it had 1 buying transaction, and 7 sales for $6.56 million activity.
Adobe Systems Incorporated (NASDAQ:ADBE) opened at $195.05 on Friday. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned "Buy" rating by Canaccord Genuity on Wednesday, September 20.
Investors sentiment increased to 1.11 in Q3 2017. The software company reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.86 by $0.04.
International Business Machines Corp. (IBM) Shares Sold by Bessemer Group Inc
Finally, CIBC World Markets Inc. raised its stake in shares of International Business Machines Corp.by 4.4% in the second quarter. Breton Hill Capital Ltd.'s holdings in International Business Machines were worth $12,077,000 as of its most recent SEC filing.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. 414.95 million shares or 0.84% less from 418.45 million shares in 2017Q2 were reported. Btim Corp accumulated 7,740 shares. Mercer Capital Advisers Incorporated owns 71,851 shares. Koch Indus holds 0.07% in Terex Corporation (NYSE:TEX) or 6,701 shares.
Family Capital Trust Co holds 37.26% of its portfolio in Adobe Systems Incorporated for 494,348 shares. Jones Fin Lllp holds 0.01% or 18,978 shares in its portfolio. The lowest target is $10 while the high is $220.0. Winslow Evans And Crocker holds 1.72% or 69,824 shares. Following the sale, the director now directly owns 12,375 shares in the company, valued at $2,170,451.25. (NYSE:WCC). Oppenheimer Asset reported 7,660 shares.
Investors sentiment decreased to 0.82 in Q3 2017. 6,420 are owned by Tctc Hldgs Limited Liability Co. Quantbot Techs LP has invested 0.26% in Adobe Systems Incorporated (NASDAQ:ADBE). Clinton Gp Inc holds 0.16% or 25,517 shares.
Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 29 have Buy rating, 0 Sell and 9 Hold. Therefore 76% are positive. Stifel Nicolaus reiterated a "buy" rating and issued a $163.00 target price on shares of Adobe Systems in a report on Wednesday, September 20th. The company was maintained on Wednesday, September 20 by Cowen & Co. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned "Buy" rating by Pivotal Research on Wednesday, September 21. The rating was maintained by KeyBanc Capital Markets on Wednesday, June 21 with "Buy". $160.90's average target is -17.51% below currents $195.05 stock price. The stock has "Neutral" rating by Goldman Sachs on Wednesday, March 9. $65.35's average target is -2.90% below currents $67.3 stock price. The company was downgraded on Tuesday, December 12 by J.P. Morgan. Banse Amy also bought $199,520 worth of Adobe Systems Incorporated (NASDAQ:ADBE) on Monday, December 18. Finally, Wells Fargo & Company initiated coverage on Adobe Systems in a research report on Wednesday, January 11th. The firm has "Buy" rating by Deutsche Bank given on Thursday, August 4. Its down 0.08, from 1.03 in 2017Q2. Arrowstreet Cap Ltd Partnership invested in 2.09% or 5.24 million shares. 114 funds opened positions while 708 raised stakes. Raymond James Associates, a Florida-based fund reported 230,526 shares. Sumitomo Life Insurance holds 0.61% or 32,268 shares in its portfolio. Moreover, Baring Asset Limited has 0.23% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 26,654 shares. Aqr Capital Ltd Liability Corporation reported 533,277 shares. Thrivent For Lutherans stated it has 0.01% of its portfolio in International Paper Company (NYSE:IP). Bnp Paribas Arbitrage Sa has 0% invested in Heritage-Crystal Clean, Inc (NASDAQ:HCCI). Leisure Capital has invested 0.18% of its portfolio in Time Warner Inc. Following the purchase, the director now directly owns 31,453 shares of the company's stock, valued at approximately $5,578,189.55. Palisade Cap Management Ltd Liability Nj invested in 2,040 shares or 0.01% of the stock. Vanguard Grp Inc Inc stated it has 0% in Heritage-Crystal Clean, Inc (NASDAQ:HCCI). Great West Life Assurance Can owns 53,248 shares for 0.01% of their portfolio. Deutsche Retail Bank Ag reported 1.27M shares.
Since August 24, 2017, it had 0 insider buys, and 1 sale for $40,146 activity.
Ao Asset Management Llc, which manages about $35.00 million and $473.77M US Long portfolio, upped its stake in Logmein Inc (NASDAQ:LOGM) by 23,000 shares to 317,800 shares, valued at $34.97M in 2017Q3, according to the filing. It also increased its holding in Gp Strategies Corp (NYSE:GPX) by 10,133 shares in the quarter, for a total of 999,401 shares, and has risen its stake in Tegna Inc.
Analysts await Time Warner Inc. After $1.90 actual earnings per share reported by Johnson & Johnson for the previous quarter, Wall Street now forecasts -9.47% negative EPS growth. JNJ's profit will be $4.62B for 21.19 P/E if the $1.72 EPS becomes a reality. Usa Financial Portformulas Corporation stated it has 1.64% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Dnb Asset Mngmt As holds 0.11% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 54,245 shares. Heritage-Crystal Clean had 12 analyst reports since October 16, 2015 according to SRatingsIntel. Jefferies has "Buy" rating and $92.0 target. As per Friday, December 11, the company rating was maintained by JP Morgan. Robert W. Baird upgraded Heritage-Crystal Clean, Inc (NASDAQ:HCCI) on Thursday, October 22 to "Outperform" rating. The company was maintained on Thursday, October 19 by Cowen & Co. Vanguard Group Inc. now owns 33,998,738 shares of the software company's stock valued at $4,808,783,000 after purchasing an additional 943,487 shares during the last quarter.
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