Gotham Asset Management LLC Purchases 60531 Shares of Adobe Systems Incorporated (ADBE)

Lloyd Doyle
October 13, 2017

Wetherby Asset Management holds 10,577 shares or 0.25% of its portfolio. The stock decreased 0.14% or $0.07 during the last trading session, reaching $48.49. About 6.95M shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since October 12, 2016 and is uptrending. It has outperformed by 28.58% the S&P500.

Connors Investor Services Inc decreased Adobe Systems (ADBE) stake by 51.05% reported in 2017Q2 SEC filing.

Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 30 have Buy rating, 1 Sell and 7 Hold. The hedge fund held 2.11 million shares of the prepackaged software company at the end of 2017Q2, valued at $298.36 million, down from 2.20M at the end of the previous reported quarter. Adobe Systems now has $75.74 billion valuation. The stock declined 2.72% or $0.84 reaching $30.06 per share. About 3 shares traded. Moreover, Howe And Rusling Inc has 1.15% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 40,143 shares. It has outperformed by 25.59% the S&P500.The move comes after 7 months positive chart setup for the $76.06B company.

The institutional investor owned 1,090 shares of the software company's stock at the end of the first quarter. Its down 0.10, from 1.17 in 2017Q1.

Shares of Adobe Systems Incorporated (ADBE) opened at 154.119 on Thursday. 117 funds opened positions while 294 raised stakes. The software company reported $0.94 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.07. Chase Invest Counsel stated it has 3.46% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Moreover, Tctc Holding Limited Liability Co has 0.06% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 6,420 shares. State Bank Of Montreal Can has 0.09% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 657,025 shares. Usca Ria Limited Liability Corp reported 2,571 shares. Adobe Systems Incorporated has a 52-week low of $90.35 and a 52-week high of $143.48.

Analysts expect Sensata Technologies Holding N.V. (NYSE:ST) to report $0.80 EPS on October, 24.They anticipate $0.06 EPS change or 8.11% from last quarter's $0.74 EPS. The insider Lewnes Ann sold $303,375. Meyer Handelman Co owns 2,500 shares. Riverpark Ltd Liability Company owns 33,456 shares or 0.54% of their U.S. portfolio. Teacher Retirement Sys Of Texas reported 594,506 shares. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned "Buy" rating by UBS on Wednesday, June 22. Westend Advsr Ltd has invested 0% in Adobe Systems Incorporated (NASDAQ:ADBE).


Since May 10, 2017, it had 0 insider purchases, and 2 selling transactions for $614,410 activity. Schwab Charles Mgmt stated it has 0.21% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE).

Connors Investor Services Inc increased Starbucks (NASDAQ:SBUX) stake by 5,590 shares to 180,078 valued at $10.50M in 2017Q2. Edge Therapeutics Inc was raised too.

Among 4 analysts covering American National Bankshares (NASDAQ:AMNB), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 79% are positive. BidaskClub raised Adobe Systems from a "buy" rating to a "strong-buy" rating in a report on Wednesday, August 16th. Finally, Barclays PLC upped their price target on Adobe Systems from $155.00 to $161.00 and gave the company an "overweight" rating in a report on Wednesday, June 21st. On Friday, June 24 the stock rating was initiated by Cowen & Co with "Outperform". Deutsche Bank maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Wednesday, October 7. Credit Suisse has "Neutral" rating and $105 target. As per Wednesday, September 21, the company rating was maintained by Pivotal Research. On Friday, September 15 the stock rating was downgraded by Credit Suisse to "Hold".

Vontobel Asset Management Inc increased Adobe Sys Inc (ADBE) stake by 44.47% reported in 2017Q2 SEC filing. $173,630 worth of NetScout Systems, Inc. On Wednesday, May 10 DOWNING JOHN sold $34,600 worth of NetScout Systems, Inc. The stock was sold at an average price of $150.00, for a total value of $1,500,000.00. It also reduced Lions Gate Entertainment Corp stake by 26,179 shares and now owns 234,742 shares. Glaukos Corp was raised too. The rating was maintained by Stifel Nicolaus with "Buy" on Tuesday, July 25. Therefore 20% are positive. Wells Fargo initiated Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, January 11 with "Market Perform" rating. As per Sunday, October 8, the company rating was maintained by RBC Capital Markets. The stock of NetScout Systems, Inc. The stock has "Buy" rating by RBC Capital Markets on Friday, July 14. The firm has "Outperform" rating given on Thursday, January 5 by BMO Capital Markets. On Friday, December 11 the stock rating was maintained by KeyBanc Capital Markets with "Overweight". The firm earned "Buy" rating on Monday, January 30 by Citigroup. RBC Capital Markets maintained NetScout Systems, Inc. The rating was maintained by RBC Capital Markets on Tuesday, January 19 with "Outperform".

Investors sentiment decreased to 1.33 in Q2 2017. Its down 0.22, from 1.23 in 2017Q1. Jane Street Group invested in 137,394 shares. Massachusetts Financial Svcs Ma holds 0.01% of its portfolio in MGM Resorts International (NYSE:MGM) for 956,008 shares. Everence Cap Incorporated invested in 12,595 shares. Bancorporation Of New York Mellon owns 1.86 million shares for 0.02% of their portfolio. Hartwell J M Partnership owns 11,950 shares for 0.35% of their portfolio. Blackrock holds 9.61 million shares. Hendley & Com holds 27,925 shares. Axa reported 519,061 shares. Vanguard Gru Inc reported 0.01% stake. Bancorpsouth owns 4,435 shares or 0.06% of their United States portfolio. Hhr Asset Mngmt Ltd Com has 568,178 shares. 1,900 were accumulated by Smithfield Trust Company.

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