Adobe Sys INC (ADBE) Shareholder Tiger Management LLC Decreased Its Stake

Doris Richards
April 23, 2018

Moreover, Polen Capital Management Llc has 8.29% invested in the company for 6.36 million shares. The institutional investor held 15,181 shares of the package goods and cosmetics company at the end of 2017Q4, valued at $1.40M, up from 11,767 at the end of the previous reported quarter. Hills Bank & Trust Company who had been investing in Pfizer Inc for a number of months, seems to be bullish on the $217.90B market cap company.

The stock decreased 2.51% or $0.33 during the last trading session, reaching $12.81. About 21.23M shares traded. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has "Buy" rating given on Friday, December 15 by RBC Capital Markets. It has underperformed by 11.55% the S&P500.

Eulav Asset Management decreased Adobe Sys Inc (ADBE) stake by 8.93% reported in 2017Q4 SEC filing. (NYSE:NKE). Gould Asset Management Ltd Liability Corporation Ca holds 0.09% or 3,285 shares. The hedge fund run by Michael R. Weisberg held 58,320 shares of the prepackaged software company at the end of 2017Q4, valued at $10.22M, down from 72,090 at the end of the previous reported quarter. The stock has a market cap of $112,096.09, a price-to-earnings ratio of 62.74, a PEG ratio of 2.63 and a beta of 1.04. ADBE has also 2.09 million shares volume. Northstar Asset Management Ltd Llc stated it has 1.3% in Adobe Systems Incorporated (NASDAQ:ADBE). ADBE outperformed by 55.16% the S&P 500.

ADBE had 15 insider sales and 1 buying transaction since October 23, 2017. The insider Lewnes Ann sold $680,503. $620,000 worth of NIKE, Inc. 585.84 million shares or 0.67% less from 589.78 million shares in 2017Q3 were reported. Another trade for 18,410 shares valued at $3.63 million was made by Rencher Bradley on Wednesday, January 24. Also, Director Charles M. Geschke sold 59,550 shares of the stock in a transaction that occurred on Monday, March 20th.

Among 39 analysts covering Adobe Systems (NASDAQ:ADBE), 28 have Buy rating, 0 Sell and 11 Hold. Therefore 41% are positive.


ADBE has been the subject of several research analyst reports. 36 are the (NASDAQ:ADBE)'s ratings reports on April 21, 2018 according to StockzIntelligence Inc. Axiom Capital maintained Shutterfly, Inc. The rating was upgraded by Axiom Capital to "Buy" on Thursday, October 27. The stock of NIKE, Inc. Wood maintained the stock with "Outperform" rating in Friday, April 7 report. Jefferies has "Hold" rating and $3800 target. The rating was downgraded by JMP Securities on Monday, March 26 to "Hold". The stock has "Buy" rating by Guggenheim on Friday, March 16. The rating was maintained by Credit Suisse on Wednesday, September 21 with "Neutral". As per Thursday, August 10, the company rating was maintained by Wells Fargo. Canaccord Genuity maintained it with "Buy" rating and $16500 target in Tuesday, June 20 report.

Investors sentiment increased to 0.89 in 2017 Q4. Bokf Na has 51,095 shares. 134 funds opened positions while 632 raised stakes. (NASDAQ:ALGN) stake by 1,474 shares and now owns 18,144 shares. Hightower Advsrs Ltd Liability Company holds 0.55% or 1.85M shares. 43,498 are owned by Sumitomo Mitsui Asset Management Communication Limited. North Star Inv Management Corp accumulated 0% or 67 shares. Credit Suisse Ag stated it has 0.15% in Adobe Systems Incorporated (NASDAQ:ADBE). Institute For Wealth Mngmt Limited owns 24,343 shares. Ally has 3,000 shares for 0.1% of their portfolio. (NYSE:RWT) for 63,866 shares. Peregrine Asset Advisers reported 0.15% in The Procter & Gamble Company (NYSE:PG). (NYSE:PFE). Ronna Sue Cohen accumulated 7,678 shares. Central National Bank & holds 1.94% or 45,823 shs. Bluestein R H And holds 616,532 shares or 1.16% of its portfolio. Aristotle Capital Management LLC now owns 3,292,393 shares of the software company's stock valued at $576,959,000 after purchasing an additional 112,628 shares in the last quarter. Therefore 82% are positive. Redwood Trust had 12 analyst reports since August 10, 2015 according to SRatingsIntel. On Tuesday, January 2 the company was maintained by Stephens. The stock has "Buy" rating by Argus Research on Monday, December 14. Piper Jaffray initiated Adobe Systems Incorporated (NASDAQ:ADBE) on Tuesday, July 26 with "Overweight" rating. Robert W. Baird has "Buy" rating and $200.0 target. As per Wednesday, November 22, the company rating was maintained by KeyBanc Capital Markets. On Friday, March 16 the firm earned "Equal-Weight" rating by Morgan Stanley. ADBE is touching $225.24 during the last trading session, after decreased 1.05%.Currently Adobe Systems Incorporated is uptrending after 66.71% change in last April 22, 2017. (NASDAQ:ADBE) has 36 ratings reports on April 22, 2018 according to StockzIntelligence. The rating was maintained by Deutsche Bank with "Buy" on Monday, March 14. The firm has "Buy" rating by Jefferies given on Wednesday, January 24.

Big Money Sentiment decreased to 0.89 in Q4 2017. Its up 0.08, from 1.01 in 2017Q3. It dived, as 70 investors sold NKE shares while 501 reduced holdings. 410.42 million shares or 1.09% less from 414.95 million shares in 2017Q3 were reported. Bnp Paribas Arbitrage Sa reported 385,120 shares. 1832 Asset Mgmt Lp reported 17,691 shares. Moneta Invest Lc has invested 0% of its capital in Adobe Systems Incorporated (NASDAQ:ADBE). About 7.57 million shares traded or 3.88% up from the average. The California-based Assets Investment Limited Liability Com has invested 0.41% in Adobe Systems Incorporated (NASDAQ:ADBE). Royal Bank of Canada raised their price target on shares of Adobe Systems to $235.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 28th. Sun Life Financial Inc has invested 0.02% in Adobe Systems Incorporated (NASDAQ:ADBE).

Adobe Systems (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, March 16th. Tru Of Toledo Na Oh holds 0.08% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 1,800 shares. Old National Bank & Trust In owns 49,155 shares or 0.44% of their USA portfolio. Adobe Systems Inc. now has $110.92 billion valuation. Tradewinds Capital Mgmt Limited Liability Com has 9,600 shares. Old Mutual Customised Solutions (Proprietary) Ltd invested 0.46% in Lowe's Companies, Inc.

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