ibusinesslines.com
ibusinesslines.com June 21, 2018


Adobe Systems Incorporated (NASDAQ:ADBE) Shares Sold by Intrust Bank NA

11 March 2018, 03:14 | Jodi Jackson

BB&T Investment Services Inc. now owns 923 shares of the software company's stock worth $138,000 after acquiring an additional 275 shares during the period. The institutional investor held 982,015 shares of the technology company at the end of 2017Q3, valued at $55.03M, up from 903,285 at the end of the previous reported quarter. Macquarie Group Ltd who had been investing in Adobe Sys Inc for a number of months, seems to be less bullish one the $109.08 billion market cap company.

In other news, EVP Ann Lewnes sold 1,953 shares of the business's stock in a transaction on Wednesday, December 13th.

The stock exchanged hands with a volume of 2.28 million shares compared to its standard daily volume. It has outperformed by 61.98% the S&P500.

Family Capital Trust Co decreased its stake in Adobe Sys Inc (ADBE) by 3.42% based on its latest 2017Q3 regulatory filing with the SEC. Becker Capital Management Inc bought 335,067 shares as the company's stock declined 7.50% while stock markets rallied. The hedge fund run by Michael R. Weisberg held 72,090 shares of the prepackaged software company at the end of 2017Q3, valued at $10.75 million, up from 64,800 at the end of the previous reported quarter.

Adobe Systems (NASDAQ:ADBE) traded up $4.71 during trading on Wednesday, reaching $221.11. About 557,741 shares traded or 43.61% up from the average. It has outperformed by 25.59% the S&P500. According to a recent spotcheck, company Adobe Systems Incorporated (NASDAQ:ADBE) have been seen trading 0.64% away from the 50- day high. The company's quarterly revenue was up 24.8% compared to the same quarter a year ago. Eight research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. Therefore 80% are positive. 2U had 44 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned "Buy" rating on Monday, January 30 by TD Securities. Deutsche Bank has "Buy" rating and $120 target. As per Monday, September 25, the company rating was maintained by BMO Capital Markets. RBC Capital Markets maintained it with "Buy" rating and $157.0 target in Sunday, September 3 report. Finally, Credit Suisse Group restated an "outperform" rating and set a $225.00 target price (up from $220.00) on shares of Adobe Systems in a research report on Tuesday, January 23rd. On Friday, June 9 the stock rating was maintained by RBC Capital Markets with "Buy". Robert W. Baird maintained Snap-on Incorporated (NYSE:SNA) rating on Thursday, October 5. The stock has "Hold" rating by Credit Suisse on Monday, October 23. The firm has "Buy" rating given on Thursday, March 31 by Canaccord Genuity.

Since September 13, 2017, it had 1 buy, and 14 sales for $79.49 million activity. GARRETT MARK sold $10.21 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) on Tuesday, February 6. Baystate Wealth Management Lc invested 0% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Shares for $5.97M were sold by LAMKIN BRYAN on Wednesday, January 31. On Wednesday, January 24 the insider NARAYEN SHANTANU sold $32.66M.


Berkshire Asset Management Llc, which manages about $867.20M and $896.29 million US Long portfolio, upped its stake in Exxon Mobil (NYSE:XOM) by 82,187 shares to 296,709 shares, valued at $24.32 million in 2017Q3, according to the filing. It also increased its holding in Interpublic Group Cos Inc (NYSE:IPG) by 52,451 shares in the quarter, for a total of 436,869 shares, and has risen its stake in Wesco Intl Inc (NYSE:WCC).

Investors sentiment increased to 1.14 in 2017 Q3. The software company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.16 by $0.10. It increased, as 42 investors sold ADBE shares while 327 reduced holdings.

A number of equities analysts have recently issued reports on ADBE shares. Deroy Devereaux Private Counsel Inc holds 0.03% of its portfolio in CSX Corporation (NASDAQ:CSX) for 4,150 shares. Cetera Advisor Netwr Ltd Co reported 4,473 shares. (NYSE:HON) or 10,025 shares. Ack Asset Management Llc owns 140,000 shares or 5.15% of their United States portfolio. Tradewinds Cap Mngmt Ltd Llc holds 234 shares. 5,000 were reported by North Star Asset Mngmt Inc. Clinton Gp has 71,415 shares for 1.17% of their portfolio. Greystone Managed Invests has 46,822 shares for 0.31% of their portfolio. Folger Nolan Fleming Douglas Mgmt Inc reported 0.3% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Loomis Sayles LP holds 0% or 152 shares. Adobe Systems Incorporated has a 52-week low of $119.11 and a 52-week high of $217.44. Northwest Inv Counselors invested 0.02% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). It also increased its holding in Cvs Health Corp (NYSE:CVS) by 12,747 shares in the quarter, for a total of 15,392 shares, and has risen its stake in Claymore Exchange Trd Fd Tr (BSCK). State Treasurer State Of Michigan has invested 0.86% in Adobe Systems Incorporated (NASDAQ:ADBE). Fred Alger Management Inc has invested 0.75% in Adobe Systems Incorporated (NASDAQ:ADBE). The firm has "Equal-Weight" rating given on Wednesday, September 21 by Morgan Stanley. Institutional investors own 86.45% of the company's stock. The firm has "Neutral" rating given on Thursday, March 17 by Nomura. The stock has "Neutral" rating by JP Morgan on Wednesday, April 6.

Eversource Energy (NYSE:ES) market capitalization at present is $18.05B at the rate of $56.87 a share. The firm has "Hold" rating by Oppenheimer given on Thursday, July 20. The company was downgraded on Tuesday, October 10 by Aegis Capital.

Since September 11, 2017, it had 0 buys, and 4 selling transactions for $4.52 million activity. THOMPSON MATTHEW sold 2,190 shares worth $379,784. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 257,118 shares of the software company's stock worth $45,057,000 after purchasing an additional 3,176 shares in the last quarter. (NYSE:AIG) for 155,243 shares. 5,906 shares valued at $1.95M were sold by Larson Betty D on Friday, October 20.

Investors sentiment increased to 1.11 in 2017 Q3. Its down 0.02, from 0.92 in 2017Q2. It is positive, as 57 investors sold BCR shares while 239 reduced holdings. 76 funds opened positions while 114 raised stakes. North Carolina-based Sheets Smith Wealth Management has invested 0.11% in XPO Logistics, Inc. (NYSE:AIG). Argent Trust Co accumulated 0.29% or 16,967 shares. Johnson accumulated 13,223 shares or 0.26% of the stock. Ameritas Prtnrs holds 0.15% or 20,042 shares in its portfolio. Hollencrest Secs Ltd Liability Corp owns 4,184 shares. Pictet & Cie (Europe) reported 59,125 shares stake. Fjarde Ap holds 17,222 shares.



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