Timber Hill LLC Invests $3.96 Million in Adobe Systems Incorporated (NASDAQ:ADBE)

Joanna Estrada
March 8, 2018

Parkside Financial Bank & Trust now owns 900 shares of the software company's stock worth $135,000 after purchasing an additional 567 shares during the last quarter. As of late, investors have been taking a second look at shares of Gilead Sciences, Inc. The company was maintained on Thursday, August 24 by KeyBanc Capital Markets. The stock decreased 0.76% or $0.29 during the last trading session, reaching $37.64. About 398 shares traded.

Analysts await Adobe Systems Incorporated (NASDAQ:ADBE) to report earnings on March, 15. It has underperformed by 2.66% the S&P500. Community Bank N.A. purchased a new position in Adobe Systems in the fourth quarter worth $122,000. (ADBE) by 62.7% based on its latest 2017Q3 regulatory filing with the SEC. Bruce & Co Inc sold 35,000 shares as the company's stock declined 10.41% while stock markets rallied. The institutional investor held 47,264 shares of the prepackaged software company at the end of 2017Q3, valued at $7.05M, up from 29,049 at the end of the previous reported quarter. Sandhill Capital Partners Llc who had been investing in Adobe Sys Inc Com for a number of months, seems to be bullish on the $105.09 billion market cap company. The stock increased 1.12% or $0.45 during the last trading session, reaching $40.65. About 1.19M shares traded. It has outperformed by 25.59% the S&P500. Zacks Investment Research raised Adobe Systems from a "hold" rating to a "buy" rating and set a $203.00 price target on the stock in a research note on Monday, December 4th. ADBE's profit will be $599.72M for 43.80 P/E if the $1.22 EPS becomes a reality. After $1.65 actual earnings per share reported by General Motors Company for the previous quarter, Wall Street now forecasts -20.61% negative EPS growth.

Investors sentiment decreased to 0.89 in 2017 Q3. Its up 0.01, from 1.1 in 2017Q2. 96 funds opened positions while 242 raised stakes. The Ohio-based American Financial Group Inc has invested 0.55% in the stock. Federated Invsts Pa holds 0.09% in CBS Corporation (NYSE:CBS) or 521,877 shares. Vanguard Tax Managed Intl Fd (VEA) was reduced too. Fund Management Sa invested 0.05% in Bunge Limited (NYSE:BG). 1,770 are held by Hartford Management. Paragon Management Limited Company reported 2,783 shares or 0.14% of all its holdings.

Mittleman Brothers Llc holds 5.15% of its portfolio in HC2 Holdings, Inc. for 2.14 million shares. Oakbrook Invs Ltd Llc holds 28,895 shares or 0.28% of its portfolio. Rosenblum Silverman Sutton S F Ca accumulated 57,731 shares.

Looking at the Analyst Recommendations of the stock, 13 Analysts issued a Buy for MoSys, 11 gave Outperform, 8 analysts gave Hold Rating, 0 issued Underperform and 0 marked the stock as Sell. Therefore 55% are positive. KeyBanc Capital Markets maintained the shares of ADBE in report on Wednesday, November 22 with "Overweight" rating. As per Wednesday, September 21, the company rating was maintained by Morgan Stanley. Deutsche Bank upgraded the stock to "Buy" rating in Tuesday, January 19 report. The stock has "Sell" rating by Goldman Sachs on Monday, October 30. On Tuesday, February 13 the stock rating was maintained by Jefferies with "Hold". Robert W. Baird maintained the shares of INOV in report on Tuesday, September 12 with "Hold" rating. Credit Suisse maintained the shares of ADBE in report on Wednesday, September 21 with "Neutral" rating. The company was maintained on Friday, December 8 by RBC Capital Markets. As per Friday, September 15, the company rating was downgraded by Credit Suisse. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned "Mkt Perform" rating by FBR Capital on Friday, December 11.

Corda Investment Management Llc, which manages about $545.28M and $772.20M US Long portfolio, decreased its stake in Johnson & Johnson Com (NYSE:JNJ) by 3,083 shares to 206,671 shares, valued at $26.87M in 2017Q3, according to the filing.

Since September 13, 2017, it had 1 buying transaction, and 14 insider sales for $79.49 million activity. 6,800 shares were sold by WARNOCK JOHN E, worth $1.18M on Friday, October 20. $5.81 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by Morris Donna on Wednesday, January 24. Another trade for 6,376 shares valued at $1.26 million was made by DILLON MICHAEL A on Wednesday, January 31. Another trade for 54,131 shares valued at $3.16M was sold by Schwartz Gil D.

Investors sentiment increased to 1.06 in 2017 Q3. Its up 0.01, from 1.1 in 2017Q2. It is positive, as 42 investors sold Adobe Systems Incorporated shares while 327 reduced holdings.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Finally, Suvretta Capital Management LLC lifted its position in shares of Adobe Systems by 0.5% in the 3rd quarter. Kepos Capital LP owns 7,837 shares. Cullinan Assoc owns 42,640 shares or 0.49% of their USA portfolio. First Manhattan owns 20,000 shares for 0.01% of their portfolio. Bokf Na has 52,245 shares for 0.23% of their portfolio. Department Mb Bankshares N A reported 0.92% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). The company has a debt-to-equity ratio of 0.22, a current ratio of 2.05 and a quick ratio of 2.05. Torray Ltd Company reported 1.72% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE).

Adobe Systems Incorporated (NASDAQ ADBE) opened at $212.01 on Wednesday. Clinton Grp Inc reported 1.17% stake. Richard Bernstein Advisors Ltd stated it has 0.29% in Adobe Systems Incorporated (NASDAQ:ADBE). Walleye Trading Limited Liability Company holds 60,490 shares. Arrowstreet Capital Limited Partnership boosted its stake in Adobe Systems by 2.4% in the 4th quarter. Rhumbline Advisers owns 837,438 shares. During the same period last year, the business posted $0.90 EPS. analysts anticipate that Adobe Systems Incorporated will post 5.12 earnings per share for the current year. New Jersey-based Jacobs Levy Equity Mngmt has invested 0.07% in Adobe Systems Incorporated (NASDAQ:ADBE).

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