Published: Wed, January 17, 2018
Hi-Tech | By Ellis Neal

A Glimpse Into Insider Trading And Ownership At Adobe Systems Incorporated (ADBE)


Acrospire Investment Management LLC increased its stake in shares of Adobe Systems by 100.0% during the second quarter. The institutional investor held 395,000 shares of the prepackaged software company at the end of 2017Q3, valued at $58.93M, down from 853,140 at the end of the previous reported quarter. Adobe Systems Inc now has $96.15 billion valuation.

Shares of Adobe Systems Incorporated (NASDAQ ADBE) traded down $1.71 during trading hours on Tuesday, reaching $193.34. Piper Jaffray Companies reaffirmed a "buy" rating and set a $180.00 target price on shares of Adobe Systems in a report on Wednesday, September 20th. It has outperformed by 25.59% the S&P500. MLCO's SI was 3.23M shares in January as released by FINRA. With 2.59M avg volume, 5 days are for Sunpower Corporation (NASDAQ:SPWR)'s short sellers to cover SPWR's short positions. The SI to Sunpower Corporation's float is 20.92%. Ltd. now owns 80,707 shares of the software company's stock valued at $8,760,000 after buying an additional 2,662 shares during the last quarter. About 26,992 shares traded. McDonald's Corporation (NYSE:MCD) has risen 18.25% since January 16, 2017 and is uptrending. It has outperformed by 20.71% the S&P500.

Since December 6, 2017, it had 0 insider buys, and 1 insider sale for $177,294 activity. The shares were purchased at an average cost of $177.35 per share, for a total transaction of $199,518.75. Of those analysts, 17 rate stock as a Strong Buy, 7 rate it as Hold, and just no analyst rates it as a Moderate Sell. Therefore 35% are positive. SunPower had 50 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with "Hold" on Monday, June 5. The various firms use different terms for their rating systems, i.e. using "Outperform instead of "Buy", but Zacks properly sorts them into their 5-level classification system". Goldman Sachs maintained the stock with "Neutral" rating in Wednesday, March 9 report. The firm has "Overweight" rating given on Tuesday, July 26 by Piper Jaffray. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned "Buy" rating by Robert W. Baird on Thursday, August 31. The rating was downgraded by Morgan Stanley on Friday, August 12 to "Equal-Weight". The company was maintained on Thursday, August 24 by KeyBanc Capital Markets. The Diker Management Llc holds 41,100 shares with $3.12 million value, down from 53,800 last quarter.

SunPower Corporation researches, develops, makes, and delivers solar solutions worldwide. The firm has a market cap of $94,780.00, a P/E ratio of 56.72, a price-to-earnings-growth ratio of 2.50 and a beta of 1.05. It operates through three divisions: Residential, Commercial, and Power Plant. It now has negative earnings.

Banque Pictet & Cie SA increased its holdings in Adobe Systems by 1.3% in the 2nd quarter. Its down 0.01, from 0.91 in 2017Q2. The company has its outstanding shares of 493.43 Million. National Asset Management has invested 0.14% in Adobe Systems Incorporated (NASDAQ:ADBE). Forte Cap Ltd Adv accumulated 1.74% or 36,374 shares. Croft holds 1.09% or 112,986 shares. (NASDAQ:AMZN). Halbert Hargrove Russell Ltd Liability invested in 0.18% or 688 shares. Tyrus Cap Sam holds 0.16% or 13,500 shares. Pinebridge LP invested in 0.51% or 142,540 shares. Wellington Grp Inc Limited Liability Partnership, a Massachusetts-based fund reported 4.18 million shares. Amer And Co reported 2.14% stake. Bancorp Of Ny Mellon reported 297,597 shares.

Social Reality, Inc. (SRAX) pulled off a 3.23 percent gain and now trades for $5.75. Bridges Investment Management Inc bought 4,217 shares as the company's stock rose 13.58% with the market.

Investors sentiment increased to 1.11 in 2017 Q3. Its up 0.01, from 1.1 in 2017Q2. It increased, as 42 investors sold ADBE shares while 327 reduced holdings. 57 funds opened positions while 112 raised stakes. First Bank & Trust Of Hutchinson holds 0.54% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 5,831 shares. Deutsche Bank Ag has invested 0.13% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). 279.77 million shares or 1.91% less from 285.20 million shares in 2017Q2 were reported. Cadence Mngmt Limited Company has invested 0.03% in Adobe Systems Incorporated (NASDAQ:ADBE). The Vermont-based Manchester Mgmt Limited Liability has invested 0.06% in Adobe Systems Incorporated (NASDAQ:ADBE). Moreover, Palisade Asset Mngmt Ltd Liability Corporation has 0.06% invested in Deluxe Corporation (NYSE:DLX). Barton Inv reported 3,200 shares or 0.11% of all its holdings. Northwest Investment Counselors Ltd stated it has 350 shares. Looking back further, Adobe Systems Incorporated stock has been 33.45% over the last six months, and 11.30% since the start of the calendar year. 9,261 are owned by Green Square Capital Lc. Asset Mgmt One Ltd holds 803,731 shares. Eqis Capital reported 2,642 shares or 0.02% of all its holdings. Vetr raised shares of Adobe Systems from a "hold" rating to a "buy" rating and set a $114.49 price target for the company in a research report on Wednesday, January 4th. Therefore 63% are positive.

The collective rating of 1.9 for Adobe Systems Incorporated (NASDAQ:ADBE) also leans strongly towards the bullish end of the spectrum. The company was reinitiated on Thursday, April 21 by Credit Suisse. Axel Ltd Liability Company has 4.42% invested in Amazon.com, Inc. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has "Outperform" rating given on Thursday, October 19 by BMO Capital Markets. The firm has "Buy" rating given on Sunday, September 3 by RBC Capital Markets. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since January 15, 2017 and is uptrending. Public Employees Retirement Association Of Colorado invested in 0.1% or 90,093 shares. Norinchukin Retail Bank The accumulated 188,737 shares. Weyerhaeuser Co (NYSE:WY) was reduced too.

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