Family Capital Trust Co Decreased Its Adobe Sys INC (ADBE) Stake

Joanna Estrada
April 16, 2018

Summit Asset Management Llc sold 18,668 shares as the company's stock declined 9.78% with the market. The stock increased 0.76% or $0.43 during the last trading session, reaching $57.17. The company had a trading volume of 2,029,265 shares, compared to its average volume of 3,733,861. Prologis, Inc. (NYSE:PLD) has risen 24.40% since April 15, 2017 and is uptrending. It has underperformed by 11.48% the S&P500.

Hoplite Capital Management Lp acquired 74,129 shares as Adobe Sys Inc (ADBE)'s stock rose 22.17%. $6.22M worth of stock was sold by Rae Elizabeth B on Monday, January 29. The institutional investor held 187,775 shares of the finance company at the end of 2017Q4, valued at $11.19M, up from 4,855 at the end of the previous reported quarter. Ellington Management Group Llc who had been investing in Adobe Sys Inc for a number of months, seems to be less bullish one the $110.34 billion market cap company. The stock was sold at an average price of $224.94, for a total value of $1,124,700.00. About 1.98 million shares traded. First Horizon National Corporation (NYSE:FHN) has risen 1.61% since April 15, 2017 and is uptrending. It has outperformed by 55.16% the S&P500. DILLON MICHAEL A sold 18,079 shs worth $3.51 million. It also reduced its holding in D R Horton Inc (NYSE:DHI) by 64,754 shares in the quarter, leaving it with 807,280 shares, and cut its stake in Live Nation Entertainment In (NYSE:LYV).

During 2017 Q4 the big money sentiment decreased to 0.89. The software company reported $1.55 earnings per share for the quarter, topping analysts' consensus estimates of $1.44 by $0.11. 74 funds opened positions while 189 raised stakes. Folger Nolan Fleming Douglas Mngmt invested in 0.3% or 12,242 shs. (NYSE:MLM) for 30,877 shares. Accuvest Global holds 33 shares. The funds in our database reported: 119.05 million shares, down from 121.75 million shares in 2017Q3. Holt Cap Advisors Ltd Liability Dba Holt Cap Prns Lp has 1,275 shares. Cubist Systematic Strategies Lc stated it has 7,886 shares. Janney Montgomery Scott Limited Liability Com has invested 0.01% of its portfolio in Martin Marietta Materials, Inc. (NYSE:MRK). James Research invested in 0.1% or 53,027 shares. The software company reported $0.90 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.86 by $0.04. Kames Public Ltd Liability Corporation holds 1.23% or 862,898 shares. Bradley Foster And Sargent Ct has 131,598 shares for 0.84% of their portfolio. Polen Capital Management LLC now owns 6,362,305 shares of the software company's stock worth $1,114,930,000 after buying an additional 73,489 shares during the last quarter. Birch Hill Invest Advsrs Ltd Liability Co owns 3.01% invested in Merck & Co., Inc. Saturna Capital Corporation stated it has 486,710 shares. Srb accumulated 2,976 shares.

Analysts await Berry Global Group, Inc. Keefe Bruyette & Woods has "Hold" rating and $100.0 target. Finally, Pivotal Research reissued a "hold" rating and issued a $104.00 target price (down from $136.00) on shares of Adobe Systems in a report on Thursday, January 12th. The company was maintained on Monday, December 11 by Cowen & Co. The stock now has an average rating of "Buy" and a consensus target price of $217.88. Jefferies maintained Merck & Co., Inc. The stock of Merck & Co., Inc. The firm has "Buy" rating by Citigroup given on Friday, April 6. Jefferies initiated Prologis, Inc. (NYSE:MRK) rating on Friday, September 9. (NYSE:AIG). Narwhal Capital Management has invested 1.32% in American International Group, Inc. Rosenblatt maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Wednesday, June 22.

Investors sentiment increased to 1.13 in 2017 Q4. Its down 0.09, from 0.79 in 2017Q3. It is negative, as 47 investors sold ADBE shares while 389 reduced holdings. 280 grew holdings while 107 funds acquired holdings. 410.42 million shares or 1.09% less from 414.95 million shares in 2017Q3 were reported. Jensen Mgmt owns 0.14% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 63,549 shares. Gator Capital Mgmt Ltd Limited Liability Company holds 0.47% or 2,800 shares. Mufg Americas holds 59,413 shares or 0.31% of its portfolio.

Mark Asset Management Corp, which manages about $461.09M and $399.06M US Long portfolio, decreased its stake in Lennar Corp Class B by 15,394 shares to 11,552 shares, valued at $597,000 in 2017Q4, according to the filing. BlackRock Institutional Trust Company N.A. increased its stake in shares of Adobe Systems by 7.8% in the third quarter. 4,800 are owned by Quantres Asset Mngmt Limited. Avestar Capital LLC bought a new stake in shares of Adobe Systems in the 4th quarter worth $109,000. 126,511 were accumulated by Asset Management Incorporated. Pinebridge Investments LP reported 0.47% in Adobe Systems Incorporated (NASDAQ:ADBE). Ameriprise Fincl reported 0.53% of its capital in Adobe Systems Incorporated (NASDAQ:ADBE). Plante Moran Finance Advsr Limited Liability Company accumulated 855 shares. New York State Common Retirement Fund lifted its holdings in Adobe Systems by 5.0% in the third quarter. City Com holds 0.02% or 275 shares in its portfolio. Bryn Mawr Trust invested in 0.02% or 1,682 shares.

Among 19 analysts covering First Republic Bank (NYSE:FRC), 8 have Buy rating, 0 Sell and 11 Hold. Therefore 72% are positive. Adobe had 50 analyst reports since October 16, 2017 according to SRatingsIntel. BidaskClub upgraded shares of Adobe Systems from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, January 9th. Stephens maintained the stock with "Buy" rating in Friday, March 16 report. The company has a market capitalization of $111,771.06, a P/E ratio of 62.41, a PEG ratio of 2.62 and a beta of 1.04. Stifel Nicolaus maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Thursday, October 19. Barclays Capital maintained the shares of PLD in report on Tuesday, July 19 with "Overweight" rating. The rating was downgraded by Bank of America on Wednesday, November 16 to "Neutral". On Friday, December 8 the company was maintained by RBC Capital Markets. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has "Buy" rating given on Monday, September 25 by BMO Capital Markets. The company was maintained on Wednesday, September 21 by Goldman Sachs.

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