Stocks Hurt By Unusual Move- Adobe Systems Incorporated (NASDAQ:ADBE)

Alfred Osborne
March 12, 2018

The institutional investor held 27,884 shares of the prepackaged software company at the end of 2017Q3, valued at $4.16 million, down from 33,456 at the end of the previous reported quarter.

Adobe Systems Incorporated (NASDAQ:ADBE) that has shown a discernible change in trend levels over the path of recent market activity. About 721,065 shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since February 28, 2017 and is uptrending. It has outperformed by 78.88% the S&P500.

Rr Advisors Llc decreased its stake in Western Gas Partners (WES) by 7.77% based on its latest 2017Q3 regulatory filing with the SEC. Insiders have sold a total of 351,199 shares of company stock worth $67,326,422 in the last quarter. Overall, 2.28 Million shares exchanged hands versus its average trading volume of 2.88 Million shares. Lumbard & Kellner Llc who had been investing in Kraton Corporation for a number of months, seems to be less bullish one the $1.34 billion market cap company. They expect $1.22 EPS, up 56.41 % or $0.44 from last year's $0.78 per share. About 11.09 million shares traded. Phillips 66 (NYSE:PSX) has risen 0.77% since March 1, 2017 and is uptrending. It has underperformed by 10.78% the S&P500.

Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 29 have Buy rating, 0 Sell and 9 Hold. The co's performance for 6 months was isolated positively of 37.78%, 1-year performance stands at 76.72% and year to date showing increased performance of 19.34%. Vetr cut Adobe Systems from a "strong-buy" rating to a "buy" rating and set a $198.52 price objective on the a research report on Monday, December 18th. As per Wednesday, October 11, the company rating was maintained by SunTrust. The firm has "Hold" rating given on Friday, September 15 by Credit Suisse. The stock has "Neutral" rating by Goldman Sachs on Wednesday, March 9. KeyBanc Capital Markets maintained Kraton Corporation (NYSE:KRA) on Friday, September 1 with "Hold" rating.

Investors sentiment increased to 1.11 in 2017 Q3. Its up 0.61, from 0.91 in 2017Q2. It is positive, as 42 investors sold ADBE shares while 327 reduced holdings. 13 funds opened positions while 22 raised stakes. 414.95 million shares or 0.84% less from 418.45 million shares in 2017Q2 were reported. Fincl Advisory Service stated it has 18,500 shares or 0.07% of all its holdings. Aqr Management Limited Liability reported 0.09% stake. Royal Bank of Canada boosted their target price on Adobe Systems to $235.00 and gave the stock an "outperform" rating in a research note on Wednesday. Icm Asset Management Inc Wa owns 153,770 shares or 14.29% of their U.S. portfolio. 57,831 were reported by Department Mb National Bank N A. Wetherby Asset Management Inc reported 12,957 shares. Legal And General Group Public Limited Com holds 0% or 58,911 shares in its portfolio. Moreover, Schmidt P J Inv has 0.07% invested in Adobe Systems Incorporated (NASDAQ:ADBE). The company's quarterly revenue was up 24.8% compared to the same quarter last year. analysts forecast that Adobe Systems Incorporated will post 5.12 earnings per share for the current fiscal year. Apg Asset Mngmt Nv reported 651,382 shares. Moreover, California Pub Employees Retirement has 0.26% invested in Adobe Systems Incorporated (NASDAQ:ADBE). During the same quarter in the prior year, the company earned $0.90 EPS. research analysts predict that Adobe Systems will post 5.12 EPS for the current year. Atwood & Palmer holds 200 shares or 0% of its portfolio. Centurylink Mgmt reported 22,890 shares stake.

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Since September 13, 2017, it had 1 buying transaction, and 14 selling transactions for $79.49 million activity. On Wednesday, October 11 Lewnes Ann sold $297,032 worth of Adobe Systems Incorporated (NASDAQ:ADBE) or 1,953 shares. The insider Rencher Bradley sold $3.63 million. Morris Donna had sold 29,404 shares worth $5.81 million on Wednesday, January 24. Also, Chairman Shantanu Narayen sold 165,023 shares of the business's stock in a transaction that occurred on Thursday, January 25th. DILLON MICHAEL A had sold 18,079 shares worth $3.51M. $9.30M worth of CBS Corporation (NYSE:CBS) shares were sold by MOONVES LESLIE.

Evercore Wealth Management Llc decreased Devon Energy Corp New (NYSE:DVN) stake by 10,800 shares to 54,753 valued at $2.01M in 2017Q3.

Investors sentiment is 1 in Q3 2017. 387.15 million shares or 0.29% less from 388.29 million shares in 2017Q2 were reported. Institutional investors own 86.18% of the company's stock. 18 funds opened positions while 81 raised stakes. Gulf Intll Bank & Trust (Uk) accumulated 0.08% or 437,184 shares. Adobe Systems Incorporated has a 52 week low of $118.02 and a 52 week high of $212.39. Ameritas Prtnrs Incorporated holds 0.15% or 20,042 shares in its portfolio. South Dakota Investment Council has invested 0.01% in Kraton Corporation (NYSE:KRA). Ubs Asset Mngmt Americas Inc reported 0% of its portfolio in Aerie Pharmaceuticals, Inc. Westfield Communication LP stated it has 729,727 shares or 0.84% of all its holdings. Wesbanco Comml Bank holds 0.01% or 14,704 shares. Roper Technologies Inc (NYSE:ROP) was reduced too. Roystone Capital Ltd Partnership accumulated 1.64% or 343,800 shares. First Hawaiian State Bank owns 1,898 shares or 0.04% of their U.S. portfolio. (NYSE:TDOC) on Tuesday, November 21 with "Buy" rating. Therefore 100% are positive. Kraton Performance Polymers had 7 analyst reports since October 27, 2015 according to SRatingsIntel. RBC Capital Markets maintained Western Gas Partners, LP (NYSE:WES) rating on Monday, September 25. The firm has "Outperform" rating by Leerink Swann given on Monday, April 4.

1/23/2018-Stephens Reiterated Rating of Buy. The stock presently has a consensus rating of "Buy" and a consensus price target of $198.94. As per Thursday, March 31, the company rating was initiated by Canaccord Genuity. On Thursday, September 17 the stock rating was maintained by Stifel Nicolaus with "Buy". (NYSE:TDOC) on Friday, June 16 with "Buy" rating. The firm has "Buy" rating by RBC Capital Markets given on Sunday, October 8. The company was maintained on Thursday, October 19 by Canaccord Genuity. On Friday, August 7 the stock rating was maintained by Cantor Fitzgerald with "Buy".

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