As Adobe Sys INC (ADBE) Shares Rose, Bailard INC Increased Its Stake

June 27, 2018 - By Matthew Medley

Adobe Systems Incorporated (NASDAQ:ADBE) Corporate LogoDuring Q1 2018 the big money sentiment increased to 0.9. That’s change of 0.01, from 2017Q4’s 0.89. 35 investors sold all, 418 reduced holdings as ADBE ratio improved. 271 increased holdings while 136 funds amassed holdings. Funds hold 405.65 million shares thus 1.16% less from 2017Q4’s 410.42 million shares. New York-based Metropolitan Life Ins has invested 0% in Adobe Systems Incorporated (NASDAQ:ADBE). 5,555 are owned by Stonebridge Advsr Lc. Massmutual Tru Fsb Adv holds 0% of its capital in Adobe Systems Incorporated (NASDAQ:ADBE) for 19,025 shs. Moreover, Fund Evaluation Gp Ltd Liability Co has 0.35% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 14,500 shs. Polen Capital Mngmt Ltd Liability Com stated it has 6.46M shs or 9.91% of all its holdings. Franklin Resources holds 0.22% or 2.01 million shs. Rosenblum Silverman Sutton S F Ca invested 4.28% in Adobe Systems Incorporated (NASDAQ:ADBE). Homrich Berg holds 0.05% or 3,491 shs in its capital. Appleton Ptnrs Ma has invested 0.92% in Adobe Systems Incorporated (NASDAQ:ADBE). Reynders Mcveigh Cap Mngmt Ltd Company has 364 shs. State Farm Mutual Automobile Insur Communication owns 0.1% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 336,135 shs. Efg Asset (Americas) Corporation has invested 1.95% in Adobe Systems Incorporated (NASDAQ:ADBE). Essex Fin Service Inc holds 0.37% or 8,652 shs. Mitchell Mcleod Pugh Williams stated it has 11,156 shs or 1.73% of all its holdings. Hoplite Capital Lp accumulated 347,996 shs or 5.38% of the stock.

ADBE registered $89.91 million net activity with 0 buys and 18 sales since January 10, 2018. Shares for $671,316 were sold by WARNOCK JOHN E on Wednesday, April 11. $3.59 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) shs were sold by GESCHKE CHARLES M. Another trade for 18,079 shs valued at $3.51 million was made by DILLON MICHAEL A on Monday, February 5. Lewnes Ann sold 2,937 shs worth $680,503. On Friday, January 26 the insider THOMPSON MATTHEW sold $10.16M. On Tuesday, February 6 GARRETT MARK also sold $10.21 million worth of Adobe Systems Incorporated (NASDAQ:ADBE).

Based on the latest 2018Q1 regulatory filing with the SEC, Thomas Bailard increased its holdings in Adobe Sys Inc (ADBE) by 54.27%. The company’s stock rose 14.81% while stock markets declined as Bailard Inc bought 18,079 shares. The prepackaged software company reported $11.11 million value for the 2018Q1. Now the hedge fund run by Thomas Bailard is holding 51,391 shares, compared to the 33,312 from the previous quarter. Adobe Sys Inc has $119.30B MC. ADBE reached $242.25 during the last trading session after $2.57 change.Currently Adobe Systems Incorporated is uptrending after 70.50% change in last June 27, 2017. ADBE has 2.70 million shares volume. ADBE outperformed by 57.93% the S&P500.

For a total of 69,040 shares it reduced its holding in Powershares Qqq Trust (QQQ) by 351,804 shares in the quarter, and has cut its stake in United Parcel Service Inc (NYSE:UPS).

For more Adobe Systems Incorporated (NASDAQ:ADBE) news published briefly go to: Seekingalpha.com, Nasdaq.com, Seekingalpha.com, Fool.com or Seekingalpha.com. The titles are as follows: “Adobe Systems: Financial Headwinds Ahead” published on June 18, 2018, “Salesforce.com Is Winning Big With Its Recent Investments” on June 21, 2018, “Adobe: Strong Growth Is Inevitable” with a publish date: June 19, 2018, “Why Adobe Systems Stock Jumped 12.5% in May” and the last “Adobe: Buying Ahead Of Earnings” with publication date: June 07, 2018.

Adobe Systems Incorporated (NASDAQ:ADBE) Ratings Coverage

A total of 20 analysts rate Adobe (NASDAQ:ADBE) as follows: 16 “Buy”, 4 “Hold” and 0 “Sell”. Тherefore 80% are bullish. The firm has $280 highest and $210.0 lowest target. The avg target $256.33 is 5.81% above the last ($242.25) price. (NASDAQ:ADBE) has 32 ratings reports on 27 Jun 2018 according to StockzIntelligence. On Friday, June 15 the rating was maintained by Rosenblatt with “Buy”. On Thursday, March 15 the stock has “Buy” rating by RBC Capital Markets. On Friday, June 15 the firm earned “Market Perform” rating by Wells Fargo. On Monday, March 12 the rating was maintained by Credit Suisse with “Buy”. On Thursday, March 15 the firm has “Buy” rating given by Robert W. Baird. On Tuesday, March 20 the rating was upgraded by DZ Bank to “Buy”. On Tuesday, January 23 the rating was maintained by Credit Suisse with “Buy”. In Friday, March 16 report Guggenheim maintained the stock with “Buy” rating. In Tuesday, January 23 report Canaccord Genuity maintained it with “Buy” rating and $220.0 target. On Friday, March 16 BMO Capital Markets maintained Adobe Systems Incorporated (NASDAQ:ADBE) with “Outperform” rating.

Adobe Systems Incorporated (NASDAQ:ADBE) Analyst Ratings Chart

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