Boston Advisors LLC Increases Holding in Adobe Sys INC Com (ADBE)

September 8, 2018 - By Lisa Delgado

Adobe Systems Incorporated (NASDAQ:ADBE) LogoInvestors sentiment increased to 0.9 in 2018 Q1. Its up 0.01, from 0.89 in 2017Q4. It improved, 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. 1832 Asset Mngmt Limited Partnership holds 74,127 shares or 0.06% of its portfolio. Wellington Management Gp Limited Liability Partnership holds 0.21% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 4.33M shares. Hightower Advisors Ltd Liability invested in 0.17% or 95,562 shares. Brinker Cap Inc owns 0.06% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 6,631 shares. Destination Wealth has invested 1.08% in Adobe Systems Incorporated (NASDAQ:ADBE). Fcg Advsr Limited Liability Com reported 2,200 shares or 0.16% of all its holdings. 43,702 were accumulated by Castleark Mngmt Lc. Sandhill Capital Prtn Lc invested in 4.81% or 135,683 shares. Meritage Port has invested 0.69% in Adobe Systems Incorporated (NASDAQ:ADBE). Paloma Prns Mgmt Comm stated it has 2,897 shares. Central State Bank & Company reported 43,424 shares. 175 were accumulated by Thompson Davis. Carnegie Capital Asset Mgmt Limited Liability Co reported 0.02% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Mitsubishi Ufj Securities Hldg Communication Ltd holds 1,010 shares or 0.84% of its portfolio. State Of New Jersey Common Pension Fund D reported 0.13% in Adobe Systems Incorporated (NASDAQ:ADBE).

Since March 19, 2018, it had 0 buys, and 13 insider sales for $20.90 million activity. On Friday, July 20 the insider Parasnis Abhay sold $2.73 million. WARNOCK JOHN E sold 5,000 shares worth $1.12 million. $3.59 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) shares were sold by GESCHKE CHARLES M. The insider Rencher Bradley sold $3.94 million.

Boston Advisors Llc increased its stake in Adobe Sys Inc Com (ADBE) by 20.58% based on its latest 2018Q1 regulatory filing with the SEC. Boston Advisors Llc bought 37,074 shares as the company’s stock rose 14.81% while stock markets declined. The institutional investor held 217,222 shares of the prepackaged software company at the end of 2018Q1, valued at $46.94 million, up from 180,148 at the end of the previous reported quarter. Boston Advisors Llc who had been investing in Adobe Sys Inc Com for a number of months, seems to be bullish on the $127.74B market cap company. The stock increased 0.43% or $1.12 during the last trading session, reaching $260.87. About 2.40 million shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 70.50% since September 8, 2017 and is uptrending. It has outperformed by 57.93% the S&P500.

Boston Advisors Llc, which manages about $2.55B and $3.90 billion US Long portfolio, decreased its stake in Mgm Growth Pptys Llc by 164,358 shares to 151,235 shares, valued at $4.01M in 2018Q1, according to the filing. It also reduced its holding in Andeavor Com by 51,053 shares in the quarter, leaving it with 39,802 shares, and cut its stake in Union Pac Corp Com (NYSE:UNP).

More notable recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Seekingalpha.com which released: “Tracking Stephen Mandel’s Lone Pine Capital Portfolio – Q2 2018 Update” on September 04, 2018, also Nasdaq.com with their article: “4 Growth Stocks to Buy Instead of iQiyi” published on September 04, 2018, Nasdaq.com published: “3 Earnings Reports to Watch Next Week” on September 07, 2018. More interesting news about Adobe Systems Incorporated (NASDAQ:ADBE) were released by: Seekingalpha.com and their article: “Adobe: The Best In This Space” published on August 29, 2018 as well as Seekingalpha.com‘s news article titled: “The latest portfolio moves by Third Point” with publication date: August 13, 2018.

Adobe Systems Incorporated (NASDAQ:ADBE) Ratings Coverage

Among 18 analysts covering Adobe (NASDAQ:ADBE), 13 have Buy rating, 0 Sell and 5 Hold. Therefore 72% are positive. Adobe had 26 analyst reports since March 12, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Friday, March 16 by Cowen & Co. As per Friday, March 16, the company rating was maintained by JP Morgan. Stifel Nicolaus maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Monday, March 12 with “Buy” rating. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Outperform” rating by BMO Capital Markets on Friday, March 16. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, March 15. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Overweight” rating by KeyBanc Capital Markets on Friday, March 16. The stock has “Buy” rating by Canaccord Genuity on Friday, March 16. Robert W. Baird maintained the shares of ADBE in report on Thursday, March 15 with “Buy” rating. On Friday, June 15 the stock rating was maintained by Wells Fargo with “Market Perform”. As per Tuesday, March 20, the company rating was upgraded by DZ Bank.

Adobe Systems Incorporated (NASDAQ:ADBE) Ratings Chart

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