As Adobe Sys INC (ADBE) Share Value Rose, Forbes J M & Co Llp Has Trimmed Its Stake by $3.16 Million

March 23, 2018 - By Dolores Ford

Investors sentiment increased to 1.11 in Q3 2017. Its up 0.01, from 1.1 in 2017Q2. It increased, as 42 investors sold ADBE shares while 327 reduced holdings. 97 funds opened positions while 312 raised stakes. 414.95 million shares or 0.84% less from 418.45 million shares in 2017Q2 were reported. Park Avenue Securities Limited Liability Corp stated it has 3,400 shares. Meiji Yasuda Life Insur holds 10,520 shares or 0.23% of its portfolio. National Bank & Trust Of The West owns 0.09% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 4,893 shares. The Minnesota-based Us Bankshares De has invested 0.04% in Adobe Systems Incorporated (NASDAQ:ADBE). Ajo LP owns 0.14% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 216,103 shares. Shelton Capital Mngmt has invested 0.49% in Adobe Systems Incorporated (NASDAQ:ADBE). Virginia-based Yorktown Mngmt & Co Incorporated has invested 0.08% in Adobe Systems Incorporated (NASDAQ:ADBE). Great Lakes Advsr Lc holds 0.02% in Adobe Systems Incorporated (NASDAQ:ADBE) or 5,633 shares. Boston Advisors Limited Com stated it has 173,386 shares or 0.59% of all its holdings. Lathrop Inv Management has invested 4.93% in Adobe Systems Incorporated (NASDAQ:ADBE). Ashfield Cap Limited Co has invested 1.09% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). North Star Asset Mngmt accumulated 123,993 shares. Huntington Bancshares reported 20,511 shares. Atlantic Group Lc accumulated 1.02M shares. Strs Ohio has invested 0.64% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE).

Since October 11, 2017, it had 1 insider purchase, and 15 sales for $80.96 million activity. THOMPSON MATTHEW had sold 50,775 shares worth $10.16M on Friday, January 26. Shares for $1.12 million were sold by WARNOCK JOHN E. $3.51M worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by DILLON MICHAEL A on Monday, February 5. 165,023 shares valued at $32.66 million were sold by NARAYEN SHANTANU on Wednesday, January 24. On Wednesday, January 10 GESCHKE CHARLES M sold $3.97M worth of Adobe Systems Incorporated (NASDAQ:ADBE) or 21,276 shares. Rencher Bradley also sold $3.63M worth of Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, January 24.

Forbes J M & Co Llp decreased its stake in Adobe Sys Inc (ADBE) by 20.84% based on its latest 2017Q3 regulatory filing with the SEC. Forbes J M & Co Llp sold 21,226 shares as the company’s stock rose 14.01% with the market. The institutional investor held 80,641 shares of the prepackaged software company at the end of 2017Q3, valued at $12.03 million, down from 101,867 at the end of the previous reported quarter. Forbes J M & Co Llp who had been investing in Adobe Sys Inc for a number of months, seems to be less bullish one the $107.68B market cap company. The stock decreased 1.02% or $2.26 during the last trading session, reaching $218.26. About 1.53M shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since March 23, 2017 and is uptrending. It has outperformed by 25.59% the S&P500.

Forbes J M & Co Llp, which manages about $588.17M and $400.95M US Long portfolio, upped its stake in Jp Morgan Chase & Co (NYSE:JPM) by 85,882 shares to 88,627 shares, valued at $8.46M in 2017Q3, according to the filing.

Adobe Systems Incorporated (NASDAQ:ADBE) Ratings Coverage

Among 39 analysts covering Adobe Systems (NASDAQ:ADBE), 29 have Buy rating, 0 Sell and 10 Hold. Therefore 74% are positive. Adobe Systems has $270.0 highest and $10 lowest target. $187.71’s average target is -14.00% below currents $218.26 stock price. Adobe Systems had 156 analyst reports since August 11, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Friday, March 18 by RBC Capital Markets. The firm has “Buy” rating by Cowen & Co given on Thursday, July 27. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Buy” rating by Cowen & Co on Thursday, October 19. The stock has “Market Perform” rating by Wells Fargo on Wednesday, January 11. On Friday, June 24 the stock rating was initiated by Cowen & Co with “Outperform”. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Overweight” rating by KeyBanc Capital Markets on Friday, March 16. Cowen & Co maintained it with “Outperform” rating and $120 target in Wednesday, September 21 report. The firm has “Sell” rating given on Wednesday, June 21 by Pivotal Research. The firm earned “Buy” rating on Tuesday, January 23 by Credit Suisse. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Buy” rating given on Friday, September 18 by Jefferies.

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