Adobe Systems (ADBE) EVP Ann Lewnes Sells 2940 Shares

Doris Richards
April 15, 2018

Vetr downgraded shares of Adobe Systems from a "strong-buy" rating to a "buy" rating and set a $198.52 target price for the a research report on Monday, December 18th. Egerton Capital Uk Llp who had been investing in Adobe Sys Inc for a number of months, seems to be bullish on the $110.34B market cap company. The stock decreased 1.28% or $2.9 during the last trading session, reaching $224.06. Northern Trust Corp increased its position in shares of Adobe Systems by 1.5% in the third quarter. Macquarie Infrastructure Corporation (NYSE:MIC) has declined 54.12% since April 15, 2017 and is downtrending. It has outperformed by 55.16% the S&P500. Lomas Capital Management Llc, a New York-based fund reported 391,152 shares. The hedge fund held 115,016 shares of the prepackaged software company at the end of 2017Q4, valued at $20.16M, down from 120,032 at the end of the previous reported quarter. (NYSE:C). Retail Bank accumulated 48,521 shares. The stock decreased 0.55% or $2.28 during the last trading session, reaching $410.25. 399,856 shares of the company traded hands. It has underperformed by 65.67% the S&P500.

Polaris Capital Management Llc, which manages about $4.42 billion and $2.14B US Long portfolio, decreased its stake in United Financial Bancorp Inc (NYSE:TSN) by 588,552 shares to 19,348 shares, valued at $341,000 in 2017Q4, according to the filing. It also reduced its holding in Burlington Stores Inc (NYSE:BURL) by 219,880 shares in the quarter, leaving it with 114,685 shares, and cut its stake in Lpl Finl Hldgs Inc (NASDAQ:LPLA). Moreover, Private Wealth Advsr has 0.38% invested in Citigroup Inc. Its up 0.05, from 0.89 in 2017Q3. It worsened, as 40 investors sold MIC shares while 103 reduced holdings. 94 funds opened positions while 179 raised stakes.

Investors sentiment decreased to 1.07 in Q4 2017. Wedge Cap Management L LP Nc owns 363,669 shares. Wells Fargo & Mn invested in 0.01% or 290,888 shares. Following the sale, the chairman now owns 16,088 shares in the company, valued at approximately $1,695,836.08. State Of New Jersey Common Pension Fund D invested in 3.82 million shares. Comml Bank Of Nova Scotia Tru Com holds 0.03% or 4,000 shares. Brighton Jones Ltd Com holds 9,738 shares or 0.21% of its portfolio. Cibc Asset Mngmt owns 82,953 shares or 0.09% of their U.S. portfolio. Maryland-based Clearbridge Limited Co has invested 0% in Merck & Co., Inc. The Egerton Capital Uk Llp holds 2.93M shares with $513.82M value, up from 1.34M last quarter. Sandler O'Neill has "Buy" rating and $89.0 target. Therefore 76% are positive. The rating was maintained by Jefferies on Tuesday, October 3 with "Buy". The company was upgraded on Thursday, August 13 by BMO Capital Markets. The rating was maintained by Jefferies on Tuesday, June 6 with "Hold". Kames Public Ltd Liability Corporation holds 1.23% or 862,898 shares. (NYSE:MRK) rating on Friday, September 9.

Among 25 analysts covering Adobe (NASDAQ:ADBE), 19 have Buy rating, 0 Sell and 6 Hold. Therefore 72% are positive. On Wednesday, August 10 the stock rating was initiated by Stephens with "Overweight". The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has "Overweight" rating given on Thursday, March 15 by Barclays Capital. As per Wednesday, November 22, the company rating was maintained by KeyBanc Capital Markets. The firm earned "Buy" rating on Thursday, November 2 by SunTrust. The stock has "Hold" rating by Credit Suisse on Friday, September 15. The rating was maintained by RBC Capital Markets on Thursday, February 23 with "Outperform". The stock has "Buy" rating by Jefferies on Thursday, October 13.

Since October 11, 2017, it had 1 buy, and 15 selling transactions for $83.70 million activity. $3.97M worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by GESCHKE CHARLES M on Wednesday, January 10. NARAYEN SHANTANU sold $32.66M worth of stock. Insiders sold a total of 402,890 shares of company stock worth $45,138,298 over the last quarter. On Friday, January 26 the insider THOMPSON MATTHEW sold $10.16M. Guggenheim restated a "buy" rating and set a $230.00 price objective on shares of Adobe Systems in a report on Tuesday, January 23rd.

Investors sentiment decreased to 0.94 in 2017 Q4. The software company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.11. It fall, as 47 investors sold ADBE shares while 389 reduced holdings.

A number of institutional investors and hedge funds have recently made changes to their positions in ADBE.

Shares of Adobe Systems (NASDAQ:ADBE) have received a consensus rating of "Buy" from the thirty-four brokerages that are now covering the company, MarketBeat Ratings reports. First Washington Corp bought 21,410 shares as the company's stock declined 42.74% with the market. Parus Finance (Uk) has invested 3.42% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Goldman Sachs maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Wednesday, September 21. Conatus Cap Mngmt Lp invested 0.4% in Adobe Systems Incorporated (NASDAQ:ADBE). Out of 5 Wall Street analysts rating Berry Plastics, 3 give it "Buy", 0 "Sell" rating, while 2 recommend "Hold". Westwood Grp reported 5,789 shares. Nelson Roberts Investment Advisors Lc invested in 304 shares. Lombard Odier Asset Mngmt (Europe) holds 5,398 shares. Rmb Cap Mngmt Limited Company reported 0.04% in Adobe Systems Incorporated (NASDAQ:ADBE). Glg Ptnrs Lp has 0.42% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Grove Bank & Trust lifted its position in Adobe Systems by 14.9% in the 3rd quarter. Switzerland-based Banque Pictet And Cie Sa has invested 0.21% in Adobe Systems Incorporated (NASDAQ:ADBE). Da Davidson & Commerce has 14,720 shares. Newbrook Capital Advisors Lp holds 4.36% or 369,000 shares in its portfolio. Hartwell J M Partnership accumulated 10,725 shares. Signaturefd Ltd Llc reported 1,473 shares stake.

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