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Junto Capital Management LP Maintains Stake in Adobe Sys INC (ADBE)

15 April 2018

The institutional investor held 406,040 shares of the prepackaged software company at the end of 2017Q4, valued at $71.15 million, up from 166,933 at the end of the previous reported quarter. The average 1-year price target among brokers that have issued a report on the stock in the last year is $219.21. About 1.98M shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 66.71% since April 15, 2017 and is uptrending. It has outperformed by 55.16% the S&P500. The institutional investor held 187,775 shares of the finance company at the end of 2017Q4, valued at $11.19M, up from 4,855 at the end of the previous reported quarter. Peapack Gladstone Fin invested in 0.18% or 18,910 shares. The stock increased 1.01% or $0.62 during the last trading session, reaching $62.26. The shares were sold at an average price of $186.55, for a total transaction of $3,969,037.80. (NYSE:MLM) has declined 0.78% since April 15, 2017 and is downtrending. It has outperformed by 12.85% the S&P500. Coldstream reported 2,151 shares. It also reduced its holding in Taiwan Semiconductor Adr 87403 (NYSE:TSM) by 10,566 shares in the quarter, leaving it with 68,078 shares, and cut its stake in Rockwell Automation (NYSE:ROK).

Big Money Sentiment decreased to 0.89 in Q4 2017. The software company reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.44 by $0.11. The ratio dropped due to ADBE positioning: 47 sold and 389 reduced. BlackRock Fund Advisors raised its stake in Adobe Systems by 1.7% in the third quarter. Investors holded 414.95 million in 2017Q3 but now own 410.42 million shares or 1.09% less. Public Sector Pension Board holds 13,872 shares or 0.01% of its portfolio. Tennessee-based Td Cap Mngmt Ltd Llc has invested 0% in Adobe Systems Incorporated (NASDAQ:ADBE). Baker Avenue Asset Management LP holds 1,620 shares or 0.02% of its portfolio. Wedge Cap Management L LP Nc owns 363,669 shares. Cibc Ww Corporation stated it has 0.47% of its portfolio in Merck & Co., Inc. Dekabank Deutsche Girozentrale stated it has 0.01% of its portfolio in Martin Marietta Materials, Inc. Comml Bank owns 4,227 shares for 0.01% of their portfolio. Exane Derivatives invested 0.05% in Adobe Systems Incorporated (NASDAQ:ADBE). Fort Point Partners Ltd stated it has 0.13% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). 4,207 were reported by Park Avenue Lc.

Mark Asset Management Corp, which manages about $461.09M and $399.06M US Long portfolio, decreased its stake in Lennar Corp Class B by 15,394 shares to 11,552 shares, valued at $597,000 in 2017Q4, according to the filing. Vetr downgraded shares of Adobe Systems from a "strong-buy" rating to a "buy" rating and set a $198.52 target price for the a research report on Monday, December 18th. Hardman Johnston Ltd Liability accumulated 331,019 shs. The New York-based Quantbot Techs LP has invested 0.06% in Adobe Systems Incorporated (NASDAQ:ADBE). Advantus Mgmt Inc, Minnesota-based fund reported 8,268 shares.

Among 19 analysts covering First Republic Bank (NYSE:FRC), 8 have Buy rating, 0 Sell and 11 Hold. Therefore 37% are positive. Since October 16, 2017 according to StockzIntelligence Inc Adobe has 50 analyst reports. Goldman Sachs maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Wednesday, September 21. Stephens maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Friday, March 16. Keefe Bruyette & Woods has "Hold" rating and $100.0 target. FBR Capital maintained the stock with "Mkt Perform" rating in Wednesday, October 7 report. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned "Outperform" rating by RBC Capital Markets on Friday, December 11. On Monday, December 11 the rating was maintained by Cowen & Co with "Buy". The company was maintained on Wednesday, August 30 by Jefferies. Seaport Global maintained it with "Buy" rating and $110.0 target in Thursday, February 15 report. $1.18 million worth of stock was sold by WARNOCK JOHN E on Friday, October 20. On Wednesday, January 31 the insider LAMKIN BRYAN sold $5.97M. $297,032 worth of stock was sold by Lewnes Ann on Wednesday, October 11. Shares for $3.63M were sold by Rencher Bradley. (NYSE:NRG). Lmr Llp holds 36,656 shares or 0.11% of its portfolio. Therefore 72% are positive. J. M. Smucker Company had 73 analyst reports since August 19, 2015 according to SRatingsIntel. Jefferies initiated Prologis, Inc. The rating was upgraded by Hilliard Lyons to "Neutral" on Thursday, September 22. The firm has "Buy" rating by Citigroup given on Friday, April 6. The stock of Lincoln Electric Holdings, Inc. The firm earned "Buy" rating on Friday, October 13 by Maxim Group. Stifel Nicolaus maintained the shares of SJM in report on Wednesday, September 27 with "Hold" rating. On Thursday, October 19 the stock rating was maintained by Barclays Capital with "Overweight". Stratos Wealth Ptnrs Limited reported 9,192 shares. The firm has "Buy" rating by Jefferies given on Wednesday, January 24. The rating was maintained by BMO Capital Markets on Tuesday, January 23 with "Buy".

Investors sentiment increased to 1.13 in 2017 Q4. Its down 0.22, from 1.11 in 2017Q3. It turned negative, as 94 investors sold MRK shares while 631 reduced holdings. 61 funds opened positions while 159 raised stakes.

Hoplite Capital Management Lp increased Adobe Sys Inc (ADBE) stake by 23.92% reported in 2017Q4 SEC filing. 447 are owned by Alpha Windward Ltd Com. Notis invested in 3,060 shares or 0.31% of the stock. Maryland-based Clearbridge Limited Co has invested 0% in Merck & Co., Inc. (NYSE:PLD). Efg Asset (Americas) Corporation has invested 0.1% in Prologis, Inc. American holds 0.06% of its portfolio in American International Group, Inc. (NYSE:MLM) for 30,877 shares. Srb accumulated 2,976 shares. (NYSE:MRK) for 646,453 shares. Supplemental Annuity Collective Tru Of Nj holds 0.3% or 25,000 shares in its portfolio. Veritable Ltd Partnership invested in 21,302 shares or 0.07% of the stock. Usa Fincl Portformulas has invested 0.88% in Prologis, Inc. Canyon Capital Advisors Llc owns 5.79 million shares or 4.93% of their USA portfolio. Shell Asset Management Company holds 0.21% or 161,913 shares in its portfolio. First Midwest Bancorporation Trust Division holds 0.3% or 42,813 shares.

Wafra Investment Advisory Group Inc, which manages about $7.55 billion and $2.19B US Long portfolio, decreased its stake in Exact Sciences Corp (NASDAQ:EXAS) by 78,297 shares to 59,180 shares, valued at $3.11M in 2017Q4, according to the filing. It also increased its holding in Range Resources Corp (NYSE:RRC) by 150,000 shares in the quarter, for a total of 200,000 shares, and has risen its stake in Walt Disney Co/The (NYSE:DIS).

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Junto Capital Management LP Maintains Stake in Adobe Sys INC (ADBE)