Centre Asset Management LLC Decreased Adobe Systems INC (ADBE) Stake by $3.38 Million as Shares Rose

May 16, 2018 - By Jenna Rose

Adobe Systems Incorporated (NASDAQ:ADBE) Corporate LogoBig Money Sentiment decreased to 0.89 in Q4 2017. It has change of 0.22, from 2017Q3’s 1.11. The ratio fall due to ADBE positioning: 47 sold and 389 reduced. 107 funds bought stakes and 280 increased stakes. Investors holded 414.95 million in 2017Q3 but now own 410.42 million shares or 1.09% less. New York-based Quantbot Tech Limited Partnership has invested 0.06% in Adobe Systems Incorporated (NASDAQ:ADBE). 13,810 were reported by Portolan Mngmt Lc. 1832 Asset Mgmt Lp accumulated 17,691 shs. Boston Advsrs Ltd Limited Liability Company owns 0.68% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 180,148 shs. Kornitzer Mgmt Inc Ks accumulated 20,550 shs. Amica Retiree Medical Tru reported 1,943 shs stake. Metropolitan Life Insurance Com New York owns 97,689 shs or 0.23% of their US capital. Eaton Vance Mgmt accumulated 0.38% or 895,685 shs. Beech Hill Advsr stated it has 1,550 shs or 0.13% of all its holdings. Fdx Advisors reported 39,498 shs stake. Kbc Nv has 355,347 shs for 0.53% of their capital. Peapack Gladstone Fincl Corporation reported 18,910 shs. Albion Fin Group Inc Ut holds 0.18% of its capital in Adobe Systems Incorporated (NASDAQ:ADBE) for 6,692 shs. One Association invested in 2,497 shs. 17,512 were reported by Amica Mutual.

ADBE registered $87.08 million net activity with 1 insider buy and 16 insider sales since December 13, 2017. On Wednesday, January 31 a trade for 6,376 shs valued at $1.26 million was made by DILLON MICHAEL A. 1,125 shs valued at $199,520 were bought by Banse Amy on Monday, December 18. GESCHKE CHARLES M had sold 16,000 shs worth $3.59 million on Friday, April 20. 54,488 shs were sold by GARRETT MARK, worth $10.21 million. $5.81M worth of Adobe Systems Incorporated (NASDAQ:ADBE) shs were sold by Morris Donna. On Wednesday, January 24 Rencher Bradley sold $3.63 million worth of Adobe Systems Incorporated (NASDAQ:ADBE).

In 2017Q4 Securities and Exchange form is reported Centre Asset Management Llc’s stake in Adobe Systems Inc (ADBE) which was decreased by 23.4%. The company’s stock rose 22.17% while stock markets declined as Centre Asset Management Llc sold 19,310 shares. The institutional investor is holding 63,200 shares, compared to the 82,510 from the previous quarter. And the reported value of the prepackaged software company is $11.08M for the 2017Q4. For a total of shares it increased its holding in by shares in the quarter, and has risen its stake in .

On June, 19. Investors wait Adobe Systems Incorporated (NASDAQ:ADBE) to report its quarterly earnings, according to RTT. Last year’s EPS was $0.81, while now analysts expect change of 54.32 % up from current $1.25 EPS. If EPS of $1.25 is announced the profit of ADBE could reach $615.59 million giving it 47.49 P/E. Last quarter $1.28 EPS was reported. Analysts predicts -2.34 % negative EPS growth this quarter.

For more Adobe Systems Incorporated (NASDAQ:ADBE) news posted recently go to: Streetinsider.com, Gurufocus.com, Streetinsider.com, Streetinsider.com or Seekingalpha.com. The titles are as follows: “Loeb’s Third Point LLC Enters Adobe (ADBE), EA (EA), Wynn (WYN) (more…) – 13F” posted on May 15, 2018, “Dan Loeb’s Top 4 Buys in 1st Quarter” on May 16, 2018, “JANA Shows New Stakes in Apple (AAPL), Boston Scientific (BSX), Dropbox (DBX), iQIYI (IQ) (more..) -13F” with a publish date: May 15, 2018, “Lone Pine’s 13F Shows New Stake in Dollar Tree (DLTR), Square (SQ), T-Mobile (TMUS) (more…)” and the last “DocuSign raises IPO price range” with publication date: April 25, 2018.

Adobe Systems Incorporated (NASDAQ:ADBE) Ratings Coverage

Total analysts of 20 have positions in Adobe Systems (NASDAQ:ADBE) as follows: 16 rated it a “Buy”, 0 with “Sell” and 4 with “Hold”. The positive are 80%. Since November 22, 2017 according to StockzIntelligence Inc Adobe Systems has 33 analyst reports. In Tuesday, January 23 report Credit Suisse maintained the stock with “Buy” rating. On Monday, March 26 the firm has “Hold” rating given by JMP Securities. The company rating was maintained by Bernstein on Tuesday, January 23. On Friday, March 16 the firm has “Overweight” rating by KeyBanc Capital Markets given. On Wednesday, January 24 the rating was maintained by Jefferies with “Buy”. On Tuesday, January 2 the rating was maintained by Stephens with “Buy”. On Thursday, March 15 the rating was maintained by RBC Capital Markets with “Buy”. On Friday, March 16 Morgan Stanley maintained Adobe Systems Incorporated (NASDAQ:ADBE) with “Equal-Weight” rating. On Wednesday, January 10 the rating was maintained by Guggenheim with “Buy”. On Tuesday, January 23 the stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Buy” rating by Guggenheim.

Adobe Systems Incorporated (NASDAQ:ADBE) Analyst Ratings Chart

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