Arrowstreet Capital Limited Partnership Acquires 1190108 Shares of Adobe Systems Incorporated (ADBE)

14 October, 2017, 03:20 | Author: Regina Silva
  • Arrowstreet Capital Limited Partnership Acquires 1190108 Shares of Adobe Systems Incorporated (ADBE)

It was reported on Oct, 12 by Barchart.com. The institutional investor held 35,060 shares of the prepackaged software company at the end of 2017Q2, valued at $4.96M, down from 57,795 at the end of the previous reported quarter. The stock exchanged hands with2558822 numbers of shares contrast to its average daily volume of 1.9 shares. About 3 shares traded. The Value Composite Two of Adobe Systems Incorporated (NasdaqGS:ADBE) is 66. It has underperformed by 15.78% the S&P500.

Investors sentiment decreased to 1.33 in Q2 2017. The software company reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.01 by $0.09. 3 funds opened positions while 21 raised stakes. Understanding the market cap is not just important if you "almost investing directly in stocks". Fmr Ltd invested in 3.16 million shares. New Mexico Educational Retirement Board holds 0.33% or 46,018 shares in its portfolio. California State Teachers Retirement System sold 18,994 shares as Netscout Systems Inc (NTCT)'s stock declined 8.58%. First Manhattan has invested 0% in Estee Lauder Companies Inc (NYSE:EL). Blackrock holds 9.61 million shares. The firm has "Hold" rating by Numis Securities given on Monday, August 24. In the last quarter, insiders have sold 86,249 shares of company stock worth $10,979,024. 215,249 are held by Strs Ohio. Essex Financial Svcs stated it has 8,737 shares or 0.26% of all its holdings. The institutional investor held 2.37 million shares of the consumer non-durables company at the end of 2017Q2, valued at $19.97 million, up from 2.25 million at the end of the previous reported quarter. Chicago Equity Prtn has 0.02% invested in Mid-America Apartment Communities Inc (NYSE:MAA) for 6,404 shares. American National Bank and Trust Company is the only banking subsidiary of the Company. The company's Market capitalization is $5.46B with the total Outstanding Shares of 138.61M. Hartwell J M Partnership owns 11,950 shares for 0.35% of their portfolio. It operates through three divisions: Large market same store, Secondary market same store and Non-Same Store and Other. (NYSE:EXR) earned "Buy" rating by Zacks on Friday, September 4. Therefore 54% are positive. NetScout Systems had 15 analyst reports since July 31, 2015 according to SRatingsIntel. RBC Capital Markets reinitiated the shares of NTCT in report on Tuesday, April 12 with "Outperform" rating. Robert W. Baird reaffirmed an "outperform" rating and issued a $160.00 price objective (up from $140.00) on shares of Adobe Systems in a research note on Wednesday, June 21st. Following this scale, a rating of a 1 or a 2 would indicate a consensus Buy recommendation. The firm has "Buy" rating given on Wednesday, September 20 by Cowen & Co. The firm has "Outperform" rating given on Thursday, January 5 by BMO Capital Markets. On Thursday, November 12 the stock rating was downgraded by BNP Paribas to "Neutral". (NYSE:EXR) has "Hold" rating given on Tuesday, December 20 by Jefferies. Six investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Shares for $249,970 were bought by FELDMAN ALAN D on Tuesday, May 16. Therefore 33% are positive. CWM LLC raised its holdings in shares of Adobe Systems by 11.8% during the second quarter. RBC Capital Markets maintained it with "Sector Perform" rating and $50 target in Wednesday, October 28 report. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has "Buy" rating given on Sunday, July 30 by RBC Capital Markets. The company was initiated on Wednesday, September 2 by Oppenheimer. The firm has "Buy" rating by Rosenblatt given on Wednesday, June 22. The company was initiated on Wednesday, August 10 by Stephens.

Earnings Per Share (EPS) is the earnings made by a company divided by their number of shares. On Tuesday, September 8 the stock rating was upgraded by Vetr to "Strong-Buy". (NASDAQ:NTCT) has "Outperform" rating given on Thursday, August 13 by RBC Capital Markets.

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Investors sentiment increased to 1.1 in Q2 2017. Its down 0.12, from 1.45 in 2017Q1.

Adobe Systems Incorporated (NASDAQ:ADBE) EVP Ann Lewnes sold 1,953 shares of Adobe Systems stock in a transaction on Wednesday, October 11th. Ltd raised its position in Adobe Systems by 21.4% in the third quarter. Adobe Systems Incorporated (NASDAQ:ADBE), at its latest closing price of $153.61, it has a price-to-book ratio of 0.00, compared to an industry average at 0.56. Axa reported 519,061 shares. About shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since October 13, 2016 and is uptrending. For investors, a positive change in price indicates an upward buying pressure or positive momentum while a negative change in price designates a downward momentum for that stock. Connors Investor Services Inc sold 61,131 shares as Adobe Systems (ADBE)'s stock rose 14.01%. The Vontobel Asset Management Inc holds 190,260 shares with $26.91 million value, up from 131,698 last quarter. Iberiabank Corporation accumulated 10,352 shares or 0.44% of the stock. Credit Suisse Ag holds 0% or 90,632 shares in its portfolio.

ILLEGAL ACTIVITY WARNING: "Investors Sell Adobe Systems Incorporated (ADBE) on Strength on Insider Selling" was originally published by TrueBlueTribune and is the property of of TrueBlueTribune. The ERP5 of Adobe Systems Incorporated (NasdaqGS:ADBE) is 6732. Arrowstreet Capital Limited Partnership owned about 0.78% of Adobe Systems worth $542,237,000 as of its most recent SEC filing. Yhb Inv Advisors accumulated 1,525 shares. De Burlo Group invested in 104,200 shares or 3.29% of the stock. Arete Wealth Limited Liability Com holds 1,447 shares. Dixon Hubard Feinour & Brown Inc who had been investing in Adobe Systems Inc for a number of months, seems to be less bullish one the $75.72 billion market cap company.

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