Junto Capital Management LP Boosted Stake in Adobe Sys INC (ADBE) by $41.84 Million as Share Price Rose

May 17, 2018 - By Jason Grubb

Adobe Systems Incorporated (NASDAQ:ADBE) LogoInvestors sentiment decreased to 0.89 in Q4 2017. Its down 0.22, from 1.11 in 2017Q3. It is negative, as 47 investors sold ADBE shares while 389 reduced holdings. 107 funds opened positions while 280 raised stakes. 410.42 million shares or 1.09% less from 414.95 million shares in 2017Q3 were reported. Bridgewater Assocs LP invested in 0.02% or 12,468 shares. Ckw Grp holds 200 shares or 0.01% of its portfolio. Savant Capital Llc owns 2,940 shares or 0.11% of their US portfolio. Goelzer Invest Mngmt Incorporated stated it has 0.28% in Adobe Systems Incorporated (NASDAQ:ADBE). State Of Tennessee Treasury Department reported 438,481 shares or 0.34% of all its holdings. Moreover, Main Street Rech Lc has 0.07% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Moreover, Rathbone Brothers Plc has 1.65% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 231,590 shares. Autus Asset Lc reported 0.63% in Adobe Systems Incorporated (NASDAQ:ADBE). Moreover, Hbk Invests LP has 0.02% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 12,300 shares. Blair William Il accumulated 909,537 shares or 1.08% of the stock. Jennison Assoc Limited Liability Corporation holds 10.75M shares. Sit Investment Assoc Inc invested in 0.25% or 58,900 shares. Torray Llc holds 1.74% in Adobe Systems Incorporated (NASDAQ:ADBE) or 100,377 shares. Primecap Mgmt Comm Ca accumulated 23.47M shares. Van Hulzen Asset Ltd Liability Company holds 0.06% in Adobe Systems Incorporated (NASDAQ:ADBE) or 1,200 shares.

Since December 13, 2017, it had 1 insider buy, and 16 selling transactions for $87.08 million activity. WARNOCK JOHN E sold $1.12M worth of stock or 5,000 shares. 50,775 shares were sold by THOMPSON MATTHEW, worth $10.16 million on Friday, January 26. $338,846 worth of stock was sold by Lewnes Ann on Wednesday, December 13. NARAYEN SHANTANU sold $32.66M worth of Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, January 24. 30,000 shares valued at $5.97M were sold by LAMKIN BRYAN on Wednesday, January 31. On Wednesday, January 24 the insider Morris Donna sold $5.81M.

Junto Capital Management Lp increased its stake in Adobe Sys Inc (ADBE) by 143.24% based on its latest 2017Q4 regulatory filing with the SEC. Junto Capital Management Lp bought 239,107 shares as the company’s stock rose 22.17% while stock markets declined. 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. Junto Capital Management Lp who had been investing in Adobe Sys Inc for a number of months, seems to be bullish on the $116.88B market cap company. The stock decreased 0.03% or $0.06 during the last trading session, reaching $237.33. About 1.08M shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 66.71% since May 17, 2017 and is uptrending. It has outperformed by 55.16% the S&P500.

Junto Capital Management Lp, which manages about $738.27M and $1.31 billion US Long portfolio, decreased its stake in Lpl Finl Hldgs Inc (NASDAQ:LPLA) by 288,871 shares to 537,348 shares, valued at $30.70 million in 2017Q4, according to the filing. It also reduced its holding in Live Nation Entertainment In (NYSE:LYV) by 117,195 shares in the quarter, leaving it with 579,043 shares, and cut its stake in Blackrock Inc (NYSE:BLK).

More notable recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Seekingalpha.com which released: “DocuSign raises IPO price range” on April 25, 2018, also Investorplace.com with their article: “25 Unstoppable Stocks to Buy No Matter What” published on May 16, 2018, Fool.com published: “Should You Buy DocuSign After its Post-IPO Surge?” on May 17, 2018. More interesting news about Adobe Systems Incorporated (NASDAQ:ADBE) were released by: Streetinsider.com and their article: “Loeb’s Third Point LLC Enters Adobe (ADBE), EA (EA), Wynn (WYN) (more…) – 13F” published on May 15, 2018 as well as Nasdaq.com‘s news article titled: “Don’t Let Adobe (ADBE) Stock Slip Through Your Fingers” with publication date: May 10, 2018.

Adobe Systems Incorporated (NASDAQ:ADBE) Ratings Coverage

Among 20 analysts covering Adobe Systems (NASDAQ:ADBE), 16 have Buy rating, 0 Sell and 4 Hold. Therefore 80% are positive. Adobe Systems had 33 analyst reports since November 22, 2017 according to SRatingsIntel. The rating was maintained by Canaccord Genuity on Thursday, December 14 with “Buy”. KeyBanc Capital Markets maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Friday, March 16 with “Overweight” rating. The stock has “Buy” rating by Bernstein on Tuesday, January 23. The firm earned “Overweight” rating on Thursday, March 15 by Barclays Capital. Stifel Nicolaus maintained it with “Buy” rating and $230 target in Monday, March 12 report. The rating was maintained by Bank of America on Tuesday, March 13 with “Buy”. Guggenheim maintained it with “Buy” rating and $230.0 target in Tuesday, January 23 report. Piper Jaffray maintained the stock with “Buy” rating in Friday, December 15 report. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Buy” rating given on Friday, December 15 by RBC Capital Markets. The stock has “Buy” rating by Jefferies on Wednesday, January 24.

Adobe Systems Incorporated (NASDAQ:ADBE) Ratings Chart

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