KCS Wealth Advisory Acquires New Stake in Adobe Systems Incorporated (ADBE)

Joanna Estrada
January 14, 2018

Winslow Evans Crocker Inc stated it has 6,360 shares or 0.31% of all its holdings. The stock decreased 0.16% or $0.029 during the last trading session, reaching $18.041. Geode Mngmt Llc, a Massachusetts-based fund reported 5.03M shares. Dollar Tree, Inc. (NASDAQ:DLTR) has risen 3.60% since January 13, 2017 and is uptrending. It has outperformed by 22.73% the S&P500.

Ar Asset Management Inc increased its stake in Nike Inc.

Several other research analysts have also issued reports on the company. Ar Asset Management Inc bought 14,850 shares as the company's stock declined 8.78% while stock markets rallied. Fifth Third Bancorp who had been investing in Adobe Sys Inc for a number of months, seems to be bullish on the $96.15 billion market cap company.

Shares of Adobe Systems (ADBE) traded up $6.13 during trading hours on Monday, hitting $195.05. The shares were sold at an average price of $104.03, for a total transaction of $5,003,843.00.

KAMES CAPITAL plc decreased its holdings in Adobe Systems Incorporated (NASDAQ:ADBE) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). It has outperformed by 25.59% the S&P500. Suvretta Capital Management Llc owns 2.52 million shares or 10.61% of their United States portfolio.

Investors sentiment increased to 1.11 in Q3 2017. Its up 0.01, from 1.1 in 2017Q2. Janus Henderson Group PLC raised its position in Adobe Systems by 784.4% in the 2nd quarter. The active investment managers in our partner's database now hold: 414.95 million shares, down from 418.45 million shares in 2017Q2.

Adobe Systems Incorporated (NASDAQ:ADBE) opened at $195.05 on Friday.

Family Capital Trust Co holds 37.26% of its portfolio in Adobe Systems Incorporated for 494,348 shares. South Texas Money Ltd holds 2.62% in Adobe Systems Incorporated (NASDAQ:ADBE) or 369,726 shares. Macquarie Ltd accumulated 142,624 shares. 7,500 were accumulated by Birinyi Associate. RBC Capital Markets maintained the shares of ADBE in report on Wednesday, September 21 with "Outperform" rating. On Friday, March 17 the stock rating was upgraded by Wunderlich to "Buy".

In related news, Chairman Charles M. Geschke sold 48,100 shares of the firm's stock in a transaction on Wednesday, January 4th.

Fifth Third Bancorp increased its stake in Adobe Sys Inc (ADBE) by 34.66% based on its latest 2017Q3 regulatory filing with the SEC. New Mexico Educational Retirement Board holds 0.33% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 46,018 shares. (NASDAQ:DLTR). Motco invested in 0% or 286 shares. It improved, as 21 investors sold AL shares while 74 reduced holdings. Vetr cut Adobe Systems from a "hold" rating to a "sell" rating and set a $105.68 price objective on the stock.in a research report on Thursday, October 20th. Therefore 76% are positive. Wesco International Inc. had 65 analyst reports since July 24, 2015 according to SRatingsIntel. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the stock. The stock has "Neutral" rating by Credit Suisse on Wednesday, September 21. The rating was maintained by RBC Capital Markets on Friday, December 15 with "Buy". As per Tuesday, January 2, the company rating was maintained by Stephens. The firm has "Sector Perform" rating given on Friday, January 29 by RBC Capital Markets. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has "Buy" rating given on Tuesday, June 20 by BMO Capital Markets. During the same quarter in the prior year, the firm posted $0.90 earnings per share. sell-side analysts forecast that Adobe Systems Incorporated will post 4.58 EPS for the current year. ADBE's profit will be $522.52 million for 46.00 P/E if the $1.06 EPS becomes a reality. The software company reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.10.

Since August 9, 2017, it had 1 insider purchase, and 7 insider sales for $6.56 million activity. (NYSE:NKE) shares were sold by Matheson Monique S. Shares for $855,206 were sold by RODGERS JOHNATHAN A. PARKER MARK G sold $8.78M worth of stock. The correct version of this piece can be read at https://www.thelincolnianonline.com/2018/01/13/sheets-smith-wealth-management-sells-4754-shares-of-adobe-systems-incorporated-adbe.html. The insider WARNOCK JOHN E sold $1.18 million. It also increased its holding in Instructure Inc by 87,654 shares in the quarter, for a total of 274,468 shares, and has risen its stake in Alpha & Omega Semiconductor Ltd (NASDAQ:AOSL). Air Lease had 40 analyst reports since August 7, 2015 according to SRatingsIntel. Canaccord Genuity has "Buy" rating and $185.0 target. Therefore 38% are positive. The rating was maintained by RBC Capital Markets with "Hold" on Monday, June 12. The stock has "Overweight" rating by JP Morgan on Friday, December 11. The firm has "Hold" rating given on Thursday, August 3 by Rosenblatt. The company was initiated on Thursday, April 13 by Guggenheim. The firm has "Buy" rating by Deutsche Bank given on Thursday, August 4. They expect $1.46 EPS, up 16.80% or $0.21 from last year's $1.25 per share.

Investors sentiment is 1.33 in Q3 2017. Its up 0.01, from 1.1 in 2017Q2. It fall, as 66 investors sold TWX shares while 374 reduced holdings. 33 funds opened positions while 77 raised stakes. 586.69 million shares or 2.23% less from 600.08 million shares in 2017Q2 were reported. First LP owns 774,270 shares for 0.08% of their portfolio. Westfield Cap Mngmt Ltd Partnership has invested 0.23% of its portfolio in Dollar Tree, Inc. PHILBIN GARY M sold 9,950 shares worth $841,181. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 0% or 1,720 shares. Grantham Mayo Van Otterloo And Limited Liability Corporation reported 0.91% stake. (NYSE:TWX). Altfest L J invested in 9,291 shares. Ami Asset Management Corp holds 1.75% or 165,919 shares in its portfolio. Wells Fargo & Mn reported 0% in Wayne Savings Bancshares, Inc. WAYN's SI was 1,800 shares in January as released by FINRA.

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