As Adobe Sys INC (ADBE) Market Valuation Rose, Junto Capital Management LP Has Boosted Its Position by $41.84 Million

May 17, 2018 - By Ned Sandoval

Adobe Systems Incorporated (NASDAQ:ADBE) LogoInvestors sentiment decreased to 0.89 in Q4 2017. Its down 0.22, from 1.11 in 2017Q3. It turned 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. Pennsylvania-based Alphaone Inv Services has invested 0.04% in Adobe Systems Incorporated (NASDAQ:ADBE). Brown Advisory Securities Llc reported 5,001 shares. Junto Capital Lp owns 406,040 shares. Moreover, South State Corporation has 0.57% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 28,652 shares. Outfitter Advsr Limited invested in 2.36% or 40,092 shares. Ibm Retirement Fund, New York-based fund reported 12,154 shares. Martingale Asset Mngmt LP invested 0.63% in Adobe Systems Incorporated (NASDAQ:ADBE). Neuberger Berman Ltd has 261,092 shares. Eastern Comml Bank holds 1.01% or 86,070 shares. Cibc National Bank & Trust Usa reported 1,151 shares stake. Netherlands-based Apg Asset Mngmt Nv has invested 0.15% in Adobe Systems Incorporated (NASDAQ:ADBE). Busey reported 0.07% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Tiedemann Wealth Management Ltd Liability Co accumulated 0.04% or 2,654 shares. Pennsylvania-based Hbk Sorce Advisory Lc has invested 0.11% in Adobe Systems Incorporated (NASDAQ:ADBE). Qs Invsts Ltd Liability stated it has 100,718 shares or 0.17% of all its holdings.

Since December 13, 2017, it had 1 buy, and 16 selling transactions for $87.08 million activity. $1.26M worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by DILLON MICHAEL A. On Friday, January 26 THOMPSON MATTHEW sold $10.16 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) or 50,775 shares. NARAYEN SHANTANU had sold 165,023 shares worth $32.66 million on Wednesday, January 24. 16,000 shares were sold by GESCHKE CHARLES M, worth $3.59 million on Friday, April 20. Another trade for 29,404 shares valued at $5.81M was made by Morris Donna on Wednesday, January 24. $671,316 worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by WARNOCK JOHN E on Wednesday, April 11.

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 $71.15M, 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 $738.27 million and $1.31B US Long portfolio, decreased its stake in Alphabet Inc by 4,529 shares to 74,450 shares, valued at $78.43M in 2017Q4, according to the filing. It also reduced its holding in D R Horton Inc (NYSE:DHI) by 64,754 shares in the quarter, leaving it with 807,280 shares, and cut its stake in Lpl Finl Hldgs Inc (NASDAQ:LPLA).

More notable recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Fool.com which released: “Should You Buy DocuSign After its Post-IPO Surge?” on May 17, 2018, also Nasdaq.com with their article: “Don’t Let Adobe (ADBE) Stock Slip Through Your Fingers” published on May 10, 2018, Investorplace.com published: “25 Unstoppable Stocks to Buy No Matter What” on May 16, 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 Seekingalpha.com‘s news article titled: “DocuSign raises IPO price range” with publication date: April 25, 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. On Friday, December 15 the stock rating was maintained by RBC Capital Markets with “Buy”. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Overweight” rating by Barclays Capital on Thursday, March 15. The firm earned “Buy” rating on Wednesday, January 24 by Jefferies. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Buy” rating by Stifel Nicolaus on Monday, March 12. JMP Securities downgraded the stock to “Hold” rating in Monday, March 26 report. Morgan Stanley maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Friday, March 16 with “Equal-Weight” rating. The firm has “Buy” rating given on Tuesday, January 23 by Canaccord Genuity. On Tuesday, January 23 the stock rating was maintained by Guggenheim with “Buy”. The rating was downgraded by J.P. Morgan to “Hold” on Tuesday, December 12. Bernstein maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Tuesday, January 23. Bernstein has “Buy” rating and $223.0 target.

Adobe Systems Incorporated (NASDAQ:ADBE) Ratings Chart

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