Centre Asset Management LLC Decreased Stake in Adobe Systems INC (ADBE) by $3.38 Million; Shares Rose

May 16, 2018 - By Robert Shackelford

Adobe Systems Incorporated (NASDAQ:ADBE) Corporate LogoDuring Q4 2017 the big money sentiment decreased to 0.89. That’s change of 0.22, from 2017Q3’s 1.11. 47 investors sold all, 389 reduced holdings as ADBE ratio dived. 280 increased positions while 107 funds amassed positions. Funds hold 410.42 million shares thus 1.09% less from 2017Q3’s 414.95 million shares. Holt Advisors Limited Liability Co Dba Holt Prns LP holds 0.07% or 1,275 shs in its capital. Indiana-based Spectrum Mngmt Grp has invested 0.52% in Adobe Systems Incorporated (NASDAQ:ADBE). Goldman Sachs Grp reported 0.18% of its capital in Adobe Systems Incorporated (NASDAQ:ADBE). Parus Fin (Uk) has 3.42% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 107,820 shs. Meiji Yasuda Asset Management stated it has 0.22% in Adobe Systems Incorporated (NASDAQ:ADBE). Fort Point Lc reported 1,628 shs. Gabelli Funds has 0.14% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Arcadia Inv Mi owns 31,624 shs. Paloma Prtn Mgmt reported 0.01% in Adobe Systems Incorporated (NASDAQ:ADBE). Aristotle Cap Mngmt Llc holds 3.29M shs or 4% of its capital. Bb&T Securities Llc holds 16,701 shs or 0.04% of its capital. Efg Asset Mngmt (Americas) Corporation holds 24,207 shs. 1,770 were reported by Wellington Shields Cap Mgmt Limited Liability Corp. Triangle Securities Wealth Management holds 0.69% of its capital in Adobe Systems Incorporated (NASDAQ:ADBE) for 6,849 shs. Verition Fund Llc owns 7,017 shs.

ADBE registered $87.08 million net activity with 1 buy and 16 sales since December 13, 2017. On Monday, March 19 Shares for $1.12M were sold by WARNOCK JOHN E. On Wednesday, April 18 2,937 shs were sold by Lewnes Ann, worth $680,503. On Monday, February 5 a trade for 18,079 shs valued at $3.51 million was made by DILLON MICHAEL A. $5.97M worth of Adobe Systems Incorporated (NASDAQ:ADBE) shs were sold by LAMKIN BRYAN. $10.16 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) shs were sold by THOMPSON MATTHEW. Another trade for 29,404 shs valued at $5.81 million was made by Morris Donna on Wednesday, January 24.

Based on the latest 2017Q4 regulatory filing with the SEC, Centre Asset Management Llc reduced its holdings in Adobe Systems Inc (ADBE) by 23.4%. By selling 19,310 shares Centre Asset Management Llc made the stock popped up with 22.17%. The prepackaged software company reported $11.08M value for the 2017Q4. Now the institutional investor is holding 63,200 shares, compared to the 82,510 from the previous quarter. For a total of shares it increased its holding in by shares in the quarter, and has risen its stake in .

On June, 19 WallStreet expected Adobe Systems Incorporated (NASDAQ:ADBE)’s earnings report, RTT reports. Last year’s earnings per share was $0.81, while now analysts expect change of 54.32 % up from current $1.25 earnings per share. ADBE’s profit could be $615.59M with 47.49 P/E in case $1.25 earnings per share is reported. Last quarter $1.28 earnings per share was reported. Analysts forecasts -2.34 % negative EPS growth this quarter.

For more Adobe Systems Incorporated (NASDAQ:ADBE) news posted recently go to: Nasdaq.com, Seekingalpha.com, Streetinsider.com, Gurufocus.com or Streetinsider.com. The titles are as follows: “Don’t Let Adobe (ADBE) Stock Slip Through Your Fingers” posted on May 10, 2018, “DocuSign raises IPO price range” on April 25, 2018, “JANA Shows New Stakes in Apple (AAPL), Boston Scientific (BSX), Dropbox (DBX), iQIYI (IQ) (more..) -13F” with a publish date: May 15, 2018, “Dan Loeb’s Top 4 Buys in 1st Quarter” and the last “Loeb’s Third Point LLC Enters Adobe (ADBE), EA (EA), Wynn (WYN) (more…) – 13F” with publication date: May 15, 2018.

Adobe Systems Incorporated (NASDAQ:ADBE) Ratings Coverage

In total 20 analysts cover Adobe Systems (NASDAQ:ADBE). “Buy” rating has 16, “Sell” are 0, while 4 are “Hold”. 80% are bullish. 33 are the (NASDAQ:ADBE)’s analyst reports since November 22, 2017 according to StockzIntelligence Inc. On Monday, March 12 Credit Suisse maintained Adobe Systems Incorporated (NASDAQ:ADBE) with “Buy” rating. On Thursday, March 15 the stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Buy” rating by RBC Capital Markets. On Friday, March 16 the firm has “Equal-Weight” rating by Morgan Stanley given. On Tuesday, December 12 the rating was downgraded by J.P. Morgan to “Hold”. On Thursday, March 15 the company was maintained by Barclays Capital. In Thursday, December 14 report Canaccord Genuity maintained the stock with “Buy” rating. The company rating was maintained by BMO Capital Markets on Friday, March 16. In Wednesday, January 24 report Jefferies maintained the stock with “Buy” rating. In Tuesday, January 23 report Credit Suisse maintained it with “Buy” rating and $225.0 target. On Wednesday, January 10 the rating was maintained by Guggenheim with “Buy”.

Adobe Systems Incorporated (NASDAQ:ADBE) Analyst Ratings Chart

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