Saturna Capital Corp Stake in Adobe Systems (ADBE) Decreased

April 17, 2018 - By Darrel Chase

Adobe Systems Incorporated (NASDAQ:ADBE) Corporate LogoDuring 2017 Q4 the big money sentiment decreased to 0.89. That’s change of 0.22, from 2017Q3’s 1.11. 47 investors sold all, 389 reduced holdings as ADBE ratio turned negative. 280 increased positions while 107 funds amassed positions. Funds hold 410.42 million shares thus 1.09% less from 2017Q3’s 414.95 million shares. The Massachusetts-based Eaton Vance Mgmt has invested 0.38% in Adobe Systems Incorporated (NASDAQ:ADBE). Spectrum Asset Mgmt (Nb Ca) owns 3,745 shs or 0.5% of their US capital. Prelude Cap Limited Liability Corporation owns 175 shs or 0% of their US capital. Drw Secs Limited holds 0.13% of its capital in Adobe Systems Incorporated (NASDAQ:ADBE) for 6,912 shs. Jacobs & Com Ca stated it has 47,012 shs or 1.48% of all its holdings. Bnp Paribas Arbitrage reported 385,120 shs or 0.12% of all its holdings. Carroll Associates Inc accumulated 1,833 shs. Bamco holds 0.02% of its capital in Adobe Systems Incorporated (NASDAQ:ADBE) for 24,104 shs. Planning Advsr Ltd Liability Com reported 0.5% of its capital in Adobe Systems Incorporated (NASDAQ:ADBE). Ckw Group holds 0.01% of its capital in Adobe Systems Incorporated (NASDAQ:ADBE) for 200 shs. Cetera Advisors Limited holds 1,382 shs. Verition Fund Management Ltd Liability stated it has 7,017 shs or 0.11% of all its holdings. Orrstown Financial Services Inc reported 7,420 shs. 41,520 are owned by Cullinan Assoc. Rosenblum Silverman Sutton S F Ca has 57,236 shs.

ADBE had 16 insider sales and 1 buy since October 20, 2017. This’s net activity of $84.37 million. 30,000 shs valued at $5.97M were sold by LAMKIN BRYAN on Wednesday, January 31. Another trade for 14,000 shs valued at $3.03M was sold by WARNOCK JOHN E. $3.97 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by GESCHKE CHARLES M. The insider Lewnes Ann sold 2,940 shs worth $658,148. Shares for $5.81M were sold by Morris Donna. The insider DILLON MICHAEL A sold $3.51M.

Saturna Capital Corp’s stake in Adobe Systems (ADBE) is decreased by 9.34% based on its latest 2017Q4 regulatory filing with the SEC. By selling 50,120 shares Saturna Capital Corp made the stock popped up with 22.17%. At the end of 2017Q4, the 486,710 shares of the prepackaged software company held by the institutional investor were priced at $85.29M, down from 536,830 at the end of the previous reported quarter. Saturna Capital Corp has risen its stake in and also increased its holding in by shares in the quarter, for a total of shares.

Adobe Systems Incorporated (NASDAQ:ADBE) Ratings Coverage

Total analysts of 24 have positions in Adobe Systems (NASDAQ:ADBE) as follows: 19 rated it a “Buy”, 0 with “Sell” and 5 with “Hold”. The positive are 79%. Since October 19, 2017 according to StockzIntelligence Inc Adobe Systems has 48 analyst reports. The stock rating was maintained by Stifel Nicolaus with “Buy” on Thursday, October 19. On Friday, March 16 the firm has “Buy” rating by Stephens given. On Thursday, October 19 Jefferies maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating. Jefferies has “Buy” rating and $190.0 target. On Monday, March 12 Credit Suisse maintained the shares of ADBE in report with “Buy” rating. On Thursday, March 15 the firm earned “Overweight” rating by Barclays Capital. In Monday, March 12 report Stifel Nicolaus maintained it with “Buy” rating and $230 target. On Tuesday, December 12 the company was downgraded by J.P. Morgan. On Thursday, October 19 the rating was maintained by Bank of America with “Buy”. On Tuesday, March 20 the rating was upgraded by DZ Bank to “Buy”. On Thursday, October 19 the stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Buy” rating by Canaccord Genuity.

Adobe Systems Incorporated (NASDAQ:ADBE) Analyst Ratings Chart

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