Stralem & Co INC Position in Adobe Sys INC Com (ADBE) Trimmed by $3.30 Million

June 20, 2018 - By Hazel Jackson

Adobe Systems Incorporated (NASDAQ:ADBE) LogoInvestors sentiment increased to 0.9 in 2018 Q1. Its up 0.01, from 0.89 in 2017Q4. It increased, as 35 investors sold ADBE shares while 418 reduced holdings. 136 funds opened positions while 271 raised stakes. 405.65 million shares or 1.16% less from 410.42 million shares in 2017Q4 were reported. Moreover, Williams Jones Assocs Lc has 0.01% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Dixon Hubard Feinour & Brown Inc Va stated it has 1.91% in Adobe Systems Incorporated (NASDAQ:ADBE). 2,107 were reported by Aureus Asset Management. Artemis Invest Management Ltd Liability Partnership has invested 0.15% in Adobe Systems Incorporated (NASDAQ:ADBE). Thompson Davis & Inc owns 175 shares for 0.1% of their portfolio. The California-based Mar Vista Invest Prtnrs Ltd Llc has invested 3.05% in Adobe Systems Incorporated (NASDAQ:ADBE). Alphamark Limited Liability Corp, a Kentucky-based fund reported 2,321 shares. Trinity Street Asset Mgmt Llp invested 6.87% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Aimz Investment Advsr Ltd has 1.54% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Fincl Bank Of New York Mellon stated it has 11.24M shares or 0.67% of all its holdings. Crestwood Capital LP accumulated 58,320 shares. Aqr Ltd owns 2.03 million shares or 0.47% of their US portfolio. Metropolitan Life Company Ny has invested 0% in Adobe Systems Incorporated (NASDAQ:ADBE). Caisse De Depot Et Placement Du Quebec invested in 4,748 shares. Hyman Charles D owns 965 shares.

Since January 10, 2018, it had 0 insider buys, and 16 sales for $87.63 million activity. Another trade for 18,410 shares valued at $3.63 million was sold by Rencher Bradley. 6,376 Adobe Systems Incorporated (NASDAQ:ADBE) shares with value of $1.26 million were sold by DILLON MICHAEL A. On Thursday, March 22 the insider Lewnes Ann sold $658,148. On Monday, March 19 the insider WARNOCK JOHN E sold $1.12M. 30,000 shares were sold by LAMKIN BRYAN, worth $5.97M on Wednesday, January 31. 16,000 shares were sold by GESCHKE CHARLES M, worth $3.59M.

Stralem & Co Inc decreased its stake in Adobe Sys Inc Com (ADBE) by 15.3% based on its latest 2018Q1 regulatory filing with the SEC. Stralem & Co Inc sold 15,270 shares as the company’s stock rose 14.81% while stock markets declined. The institutional investor held 84,515 shares of the prepackaged software company at the end of 2018Q1, valued at $18.26 million, down from 99,785 at the end of the previous reported quarter. Stralem & Co Inc who had been investing in Adobe Sys Inc Com for a number of months, seems to be less bullish one the $123.97 billion market cap company. The stock decreased 1.54% or $3.95 during the last trading session, reaching $251.74. About 3.13M shares traded or 4.33% up from the average. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 70.50% since June 20, 2017 and is uptrending. It has outperformed by 57.93% the S&P500.

More notable recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Seekingalpha.com which released: “Adobe Systems: Financial Headwinds Ahead” on June 18, 2018, also Seekingalpha.com with their article: “Adobe: Strong Growth Is Inevitable” published on June 19, 2018, Seekingalpha.com published: “Adobe Systems -3% despite Q2 beats (update)” on June 14, 2018. More interesting news about Adobe Systems Incorporated (NASDAQ:ADBE) were released by: Seekingalpha.com and their article: “Adobe: High Volatility Come Earnings Time” published on June 14, 2018 as well as 247Wallst.com‘s news article titled: “Record Revenue Not Enough to Pull Up Adobe” with publication date: June 15, 2018.

Adobe Systems Incorporated (NASDAQ:ADBE) Ratings Coverage

Among 20 analysts covering Adobe (NASDAQ:ADBE), 16 have Buy rating, 0 Sell and 4 Hold. Therefore 80% are positive. Adobe has $280 highest and $210.0 lowest target. $256.33’s average target is 1.82% above currents $251.74 stock price. Adobe had 32 analyst reports since January 2, 2018 according to SRatingsIntel. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Equal-Weight” rating given on Friday, March 16 by Morgan Stanley. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Buy” rating given on Wednesday, January 10 by Guggenheim. Guggenheim maintained the shares of ADBE in report on Friday, March 16 with “Buy” rating. The company was maintained on Friday, March 16 by BMO Capital Markets. On Friday, March 16 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Outperform” rating given on Friday, March 16 by Credit Suisse. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Buy” rating given on Tuesday, March 20 by DZ Bank. The firm has “Overweight” rating given on Tuesday, June 12 by Barclays Capital. On Tuesday, January 2 the stock rating was maintained by Stephens with “Buy”. Bank of America maintained it with “Buy” rating and $269 target in Tuesday, March 13 report.

Adobe Systems Incorporated (NASDAQ:ADBE) Ratings Chart

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