Adobe Systems Incorporated (ADBE) Position Lifted by ARK Investment Management LLC

Remigio Civitarese
Marzo 14, 2018

Gemmer Asset Management Llc bought 13,710 shares as the company's stock rose 14.01% with the market. Adobe Sys Inc now has $109.08 billion valuation. The company's stock had a trading volume of 1,552,592 shares, compared to its average volume of 2,622,122. About 4.73 million shares traded or 73.18% up from the average.

Shares of Adobe Systems Incorporated (NASDAQ ADBE) opened at $219.76 on Wednesday. It has outperformed by 25.59% the S&P500.

Israel Englander increased its stake in Old Natl Bancorp Ind (ONB) by 1092.75% based on its latest 2017Q3 regulatory filing with the SEC. The institutional investor held 630,682 shares of the health care company at the end of 2017Q3, valued at $88.48M, down from 826,840 at the end of the previous reported quarter. Muhlenkamp & Co Inc who had been investing in Spirit Airls Inc Com for a number of months, seems to be less bullish one the $3.08 billion market cap company. The Progressive Corporation (NYSE:PGR) has risen 26.23% since March 14, 2017 and is uptrending. It has underperformed by 0.81% the S&P500.

Analysts await Spirit Airlines, Inc. (NYSE:KND), 2 have Buy rating, 1 Sell and 7 Hold. Therefore 45% are positive. Kindred Healthcare Inc. had 33 analyst reports since September 2, 2015 according to SRatingsIntel. The stock of Harmonic Inc. The firm earned "Hold" rating on Friday, December 11 by Wunderlich. The rating was maintained by Barclays Capital with "Overweight" on Thursday, October 19. Los Angeles Capital Management & Equity Research Inc. lifted its position in Adobe Systems by 12.1% during the third quarter. As per Wednesday, December 6, the company rating was maintained by Raymond James. Eight investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. The rating was initiated by Stephens on Wednesday, August 10 with "Overweight". (NYSE:SAVE) on Monday, November 13 with "Equal-Weight" rating.

Investors sentiment decreased to 1.05 in Q3 2017. Its down 0.22, from 1.11 in 2017Q2. Checchi Advisers Ltd Liability Corp owns 3,634 shares. Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments. Halbert Hargrove Russell Ltd Llc, a California-based fund reported 1,509 shares. Garrison Bradford And Associate owns 8,500 shares for 0.24% of their portfolio. 6,800 shares valued at $1.18 million were sold by WARNOCK JOHN E on Friday, October 20. Citigroup invested in 382,863 shares or 0.05% of the stock. (NYSE:SAVE). Balyasny Asset Ltd Liability reported 0% stake. Advisory Ser Net Ltd Com holds 0% of its portfolio in Spirit Airlines, Inc. (NYSE:KND). Teton Advsr reported 0.12% of its portfolio in Kindred Healthcare, Inc. Arrow Financial has 0.01% invested in Ford Motor Company (NYSE:F). 9,300 are held by Baldwin Investment Ltd Liability Company. Toronto Dominion Savings Bank holds 202,153 shares or 0.1% of its portfolio. It also increased its holding in Praxair Inc (NYSE:PX) by 2,349 shares in the quarter, for a total of 2,511 shares, and has risen its stake in Alphabet Inc. Finally, Zacks Investment Research upgraded Adobe Systems from a "hold" rating to a "buy" rating and set a $203.00 price objective for the company in a report on Monday, December 4th. Therefore 68% are positive. Harmonic Inc had 11 analyst reports since July 24, 2015 according to SRatingsIntel. The firm earned "Buy" rating on Thursday, November 16 by KeyBanc Capital Markets. RBC Capital Markets maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Friday, December 11 with "Outperform" rating. The company was maintained on Wednesday, September 21 by RBC Capital Markets. As per Tuesday, December 6, the company rating was initiated by Dougherty & Company. On Wednesday, September 21 the stock rating was maintained by Cowen & Co with "Outperform". Finally, Canaccord Genuity reiterated a "buy" rating and set a $220.00 target price (up from $195.00) on shares of Adobe Systems in a research report on Tuesday, January 23rd. UBS maintained it with "Buy" rating and $130 target in Wednesday, September 21 report.

Since October 11, 2017, it had 1 insider buy, and 13 sales for $79.18 million activity.

Shares of Adobe Systems (NASDAQ ADBE) traded up $0.17 during midday trading on Monday, hitting $221.28. 54,488 shares were sold by GARRETT MARK, worth $10.21M. Franchini Indrani Lall sold $169,696 worth of stock or 1,459 shares. Maryland-based Columbia L L C Management has invested 0.68% in Adobe Systems Incorporated (NASDAQ:ADBE). Moreover, Ngam Advisors Limited Partnership has 0.17% invested in Adobe Systems Incorporated (NASDAQ:ADBE).

Investors sentiment decreased to 0.89 in 2017 Q3. Its up 0.30, from 0.84 in 2017Q2. It worsened, as 42 investors sold ADBE shares while 327 reduced holdings. 34 funds opened positions while 66 raised stakes. 414.95 million shares or 0.84% less from 418.45 million shares in 2017Q2 were reported. Bryn Mawr Tru holds 1,663 shares.

Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 29 have Buy rating, 0 Sell and 9 Hold. Gamco Et Al invested 0.02% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). It also reduced its holding in Bank Amer Corp (NYSE:BAC) by 3.25M shares in the quarter, leaving it with 2.52M shares, and cut its stake in Constellation Brands Inc (NYSE:STZ). After $2.34 actual earnings per share reported by AMERCO for the previous quarter, Wall Street now forecasts -71.79% negative EPS growth. P/E and P/B ratios both are used on a regular basis by the investor to measure the value of the company and to get the right amount of the share. Hutchin Hill Limited Partnership accumulated 0.25% or 44,800 shares. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.22. Jpmorgan Chase And reported 0.38% in Adobe Systems Incorporated (NASDAQ:ADBE). Following the completion of the transaction, the executive vice president now directly owns 50,497 shares of the company's stock, valued at approximately $8,761,229.50.

On 1/25/2018 Shantanu Narayen, Chairman, sold 165,023 with an average share price of $197.89 per share and the total transaction amounting to $32,656,401.47. Oregon Public Employees Retirement Fund reported 138,505 shares stake. Cohen Klingenstein Llc has invested 0.97% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). State of Wisconsin Investment Board owned about 0.13% of Adobe Systems worth $114,771,000 as of its most recent SEC filing.

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