Chevy Chase Trust Holdings Inc. Lowers Stake in Adobe Systems Incorporated (ADBE)

Marco Green
January 30, 2018

Grove Bank & Trust now owns 4,546 shares of the software company's stock worth $678,000 after buying an additional 591 shares during the last quarter. The institutional investor held 6,994 shares of the prepackaged software company at the end of 2017Q3, valued at $1.04 million, up from 3,980 at the end of the previous reported quarter. Triangle Securities Wealth Management who had been investing in Adobe Sys Inc for a number of months, seems to be bullish on the $99.23 billion market cap company. The stock decreased 1.62% or $3.2656 during the last trading session, reaching $198.0344. Swedbank reported 1.55 million shares. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since January 29, 2017 and is uptrending. It has outperformed by 25.59% the S&P500. Assets Invest Management Limited Company stated it has 53,000 shares or 0.5% of all its holdings.

Foster & Motley Inc decreased its stake in 3M Company (MMM) by 9.98% based on its latest 2017Q3 regulatory filing with the SEC. In the last quarter, insiders sold 274,209 shares of company stock worth $52,701,397. Baldwin Brothers Inc who had been investing in Nordstrom Inc for a number of months, seems to be less bullish one the $8.49 billion market cap company. About 813,747 shares traded. China Petroleum & Chemical Corporation (NYSE:SNP) has risen 24.29% since January 29, 2017 and is uptrending. It has outperformed by 6.64% the S&P500.

Investors sentiment decreased to 0.77 in 2017 Q3. Its up 0.01, from 1.1 in 2017Q2. It improved, as 19 investors sold Deluxe Corporation shares while 94 reduced holdings.

COPYRIGHT VIOLATION WARNING: "Adobe Systems Incorporated (ADBE) Shares Sold by Global Thematic Partners LLC" was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. They expect $1.06 EPS, up 35.90% or $0.28 from last year's $0.78 per share. The California-based House Limited Co has invested 0.8% in Deluxe Corporation (NYSE:DLX). Adobe Systems reported sales of $1.68 billion during the same quarter last year, which indicates a positive year over year growth rate of 21.4%. 32,580 were accumulated by Icon Advisers. Hm Payson And Com holds 4,414 shares or 0.03% of its portfolio. Sumitomo Mitsui Asset Limited owns 46,518 shares. Los Angeles Mngmt And Equity has 770,857 shares. During the past six months, Adobe Systems Incorporated (NASDAQ:ADBE)'s stock has been 37.69% and 78.33% for the last 12 months. Steward Partners Investment Advisory LLC raised its stake in shares of Adobe Systems by 69.9% during the fourth quarter. 526,979 were accumulated by Manufacturers Life Insur Company The. Next Fin Grp Incorporated owns 1,377 shares for 0.06% of their portfolio.

Since August 9, 2017, it had 1 insider buy, and 7 selling transactions for $6.56 million activity. Vetr raised shares of Adobe Systems from a "strong sell" rating to a "sell" rating and set a $163.12 target price for the company in a research note on Monday, October 23rd. Argus upped their price target on shares of Adobe Systems from $170.00 to $195.00 and gave the stock a "buy" rating in a research note on Wednesday, October 25th. $1.18M worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by WARNOCK JOHN E on Friday, October 20. Stephens maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Tuesday, January 2 with "Buy" rating. Therefore 76% are positive. Nordstrom Inc. had 110 analyst reports since August 14, 2015 according to SRatingsIntel. Alpine Woods Capital Investors holds 0.15% of its portfolio in FLIR Systems, Inc. The firm earned "Hold" rating on Tuesday, December 12 by RBC Capital Markets. On Wednesday, September 30 the stock rating was upgraded by Jefferies to "Buy". The firm has "Hold" rating by Morgan Stanley given on Friday, June 16. As per Friday, June 16, the company rating was maintained by Raymond James. Cowen & Co maintained the stock with "Buy" rating in Monday, December 11 report. On Wednesday, September 21 the stock rating was maintained by Pacific Crest with "Overweight". The firm has "Neutral" rating given on Wednesday, March 9 by Goldman Sachs. The rating was maintained by FBR Capital on Wednesday, October 7 with "Mkt Perform". Therefore 58% are positive. Pennant Investment had 32 analyst reports since August 6, 2015 according to SRatingsIntel. Finally, UBS Group initiated coverage on shares of Adobe Systems in a research note on Thursday, November 9th. The rating was maintained by Wunderlich on Friday, December 11 with "Hold". Mizuho maintained it with "Buy" rating and $240.0 target in Monday, January 15 report. The rating was maintained by JP Morgan on Friday, December 11 with "Overweight". The company was maintained on Tuesday, January 23 by Bernstein. Also, the Hold rating count is 9 as of 01/26/18. The rating was maintained by KeyBanc Capital Markets on Thursday, August 24 with "Buy". GESCHKE CHARLES M also sold $3.97 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, January 10. (NYSE:JWN). Pinnacle Prns Incorporated holds 0.05% in Nordstrom, Inc. 908,182 shares of the company's stock traded hands, compared to its average volume of 2,527,683. First Heartland Consultants Incorporated has invested 0.07% in 3M Company (NYSE:MMM). After $1.05 actual EPS reported by Adobe Systems Incorporated for the previous quarter, Wall Street now forecasts 0.95% EPS growth. Diligent Investors holds 0.68% or 6,244 shares. Ledyard Bancorporation holds 0.78% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 39,367 shares. Cap Fund Mgmt Sa reported 5,758 shares. Janney Montgomery Scott Ltd Liability Company holds 0.02% in Adobe Systems Incorporated (NASDAQ:ADBE) or 9,512 shares. Moreover, Panagora Asset Mngmt has 0% invested in FLIR Systems, Inc. Cetera Advsr Lc holds 0.01% or 1,515 shares. Following the acquisition, the director now owns 31,453 shares in the company, valued at approximately $5,578,189.55. (NYSE:JWN). Ontario Teachers Pension Plan Board, Ontario - Canada-based fund reported 40,779 shares. Junto Cap Mngmt Ltd Partnership holds 166,933 shares. Orrstown Fincl invested in 7,978 shares. Cibc Corporation stated it has 0.05% in FLIR Systems, Inc. Origin Asset Ltd Liability Partnership has invested 0.56% of its portfolio in Deluxe Corporation (NYSE:DLX).

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