Lone Pine Capital LLC Holds Stake in Adobe Sys INC (ADBE)

Joanna Estrada
April 14, 2018

About 1.98M shares traded. The software company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.11. Srs Investment Management Llc who had been investing in Adobe Sys Inc for a number of months, seems to be less bullish one the $110.34B market cap company. Its shares touched $224.06 on during the last trading session after 1.28% change.Adobe Systems Incorporated has volume of 1.98 million shares. About 1.01M shares traded or 4.21% up from the average.

Adobe Systems Incorporated operates as a diversified software company worldwide. It has outperformed by 55.16% the S&P500.

Gilman Hill Asset Management Llc increased its stake in Centurylink Inc (CTL) by 35.3% based on its latest 2017Q4 regulatory filing with the SEC. Nationwide Fund Advisors now owns 729,421 shares of the software company's stock worth $108,815,000 after buying an additional 27,083 shares in the last quarter. The hedge fund held 385,241 shares of the real estate investment trusts company at the end of 2017Q4, valued at $2.91M, down from 854,721 at the end of the previous reported quarter. Telemus Capital Llc who had been investing in Apollo Invt Corp for a number of months, seems to be bullish on the $1.17B market cap company. The shares were sold at an average price of $224.94, for a total transaction of $1,124,700.00. Comerica Incorporated (CMA) has risen 41.51% since April 12, 2017 and is uptrending. It has underperformed by 38.25% the S&P500. The business's revenue for the quarter was up 23.6% on a year-over-year basis. equities research analysts predict that Adobe Systems will post 5.35 EPS for the current fiscal year. Therefore 30% are positive. The stock of CenturyLink, Inc. 1,873 are held by Personal Capital Corp. Jefferies maintained the stock with "Buy" rating in Thursday, October 19 report. The company was maintained on Friday, December 11 by Wunderlich. (NYSE:CTL) rating on Monday, July 18. Numis Securities has "Buy" rating and GBX 60 target. (NYSE:SNR) earned "Hold" rating by Compass Point on Thursday, August 31. The company was maintained on Friday, October 20 by Citigroup. Cowen & Co initiated the stock with "Outperform" rating in Friday, June 24 report. On Tuesday, January 2 the firm has "Buy" rating by Stephens given. $10.21M worth of stock was sold by GARRETT MARK on Tuesday, February 6. (NYSE:PM) on Tuesday, October 24. Also, Chairman Shantanu Narayen sold 165,023 shares of the business's stock in a transaction that occurred on Thursday, January 25th.

Investors sentiment increased to 1.11 in 2017 Q4. Its up 0.50, from 1.17 in 2017Q3. Zeke Capital Limited Liability Co holds 36,102 shares. Community Fincl Bank Na owns 0% invested in CenturyLink, Inc. Of America Inc has 116,916 shs for 3.25% of their capital. Vigilant Cap Mngmt Limited Liability reported 0.01% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Parametric Portfolio Assocs Ltd Com reported 0.27% stake.

Hcsf Management Llc holds 8.2% of its portfolio in Nautilus, Inc. for 906,024 shares. State Street stated it has 18.94M shares or 0.27% of all its holdings. Ipg Inv Advsr holds 0.13% or 1,800 shs. (NYSE:SNR) to report earnings on May, 3. Bluecrest Capital Mngmt has 0.03% invested in Apollo Investment Corporation (NASDAQ:AINV). Federated Investors Pa invested in 0.07% or 138,023 shares. Finally, Wells Fargo & Company started coverage on shares of Adobe Systems in a research report on Wednesday, January 11th.

Among 39 analysts covering Adobe Systems (NASDAQ:ADBE), 28 have Buy rating, 0 Sell and 11 Hold. Therefore 72% are positive. Adobe had 50 analyst reports since October 16, 2017 according to SRatingsIntel. Robert W. Baird reiterated a "buy" rating and set a $200.00 target price on shares of Adobe Systems in a research report on Friday, December 15th. Credit Suisse maintained the stock with "Outperform" rating in Friday, March 16 report. The stock has "Buy" rating by Cowen & Co on Wednesday, August 30. Suntrust Banks reported 0.05% in Adobe Systems Incorporated (NASDAQ:ADBE). Telemus Capital Llc bought 259,849 shares as the company's stock declined 7.60% with the market. Stifel Nicolaus has "Buy" rating and $230 target. On Friday, March 16 the stock of Adobe Systems Incorporated (NASDAQ:ADBE) has "Equal-Weight" rating given by Morgan Stanley. Rosenblatt has "Buy" rating and $120 target. On Monday, March 12 Stifel Nicolaus maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating. The stock rating was maintained by RBC Capital Markets with "Buy" on Thursday, March 15.

Investors sentiment increased to 1.99 in 2017 Q4. Its down 0.22, from 1.11 in 2017Q3. The ratio worsened due to ADBE positioning: 47 sold and 389 reduced. 280 grew positions while 107 funds amassed positions. Northpointe Capital Llc owns 1.18 million shares or 1.77% of their U.S. portfolio. S&Co holds 0.07% or 3,130 shares. Zwj Investment Counsel Inc stated it has 0.02% in Adobe Systems Incorporated (NASDAQ:ADBE). Ins Tx holds 82,675 shares. Advisory Service Network Lc invested in 18,151 shares. Moreover, Royal Bank & Trust Of Canada has 0.14% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 1.87 million shares. Aperio Ltd Liability owns 267,553 shares. Argent invested 0.12% of its capital in Adobe Systems Incorporated (NASDAQ:ADBE).

Since October 11, 2017, it had 1 buy, and 15 insider sales for $83.70 million activity. The shares were sold at an average price of $108.13, for a total value of $145,759.24. Shares for $5.81 million were sold by Morris Donna. It also reduced its holding in Alaska Air Group Inc (NYSE:ALK) by 581,467 shares in the quarter, leaving it with 3.90 million shares, and cut its stake in Charter Communications Inc N.

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