Adobe Systems Incorporated (ADBE) Shares Sold by The Manufacturers Life Insurance Company

Monday, 23 Oct, 2017

The Sands Capital Management Llc holds 6.61M shares with $934.47 million value, down from 8.01 million last quarter. The Manufacturers Life Insurance Company owned about 0.17% of Adobe Systems worth $117,523,000 at the end of the most recent quarter. The stock increased 2.28% or $3.91 on October 20, reaching $175.64. Ann Lewnes, EVP let go of $286,466 worth of shares at an average price of $146.68 on Wednesday the 9th.

Adobe Systems (NASDAQ:ADBE) last posted its earnings results on Tuesday, September 19th. It has outperformed by 25.59% the S&P500. After $0.35 actual EPS reported by Silgan Holdings Inc. for the previous quarter, Wall Street now forecasts 97.14% EPS growth. Therefore 39% are positive. Meritor had 34 analyst reports since August 14, 2015 according to SRatingsIntel. They now have an overweight rating on the software company's stock. BMO Capital Markets maintained it with "Buy" rating and $16000 target in Thursday, June 8 report. Argus Research maintained it with "Buy" rating and $110 target in Monday, December 14 report. On Wednesday, October 18 the stock rating was maintained by Stifel Nicolaus with "Buy". Morgan Stanley maintained Moelis & Co (NYSE:MC) on Tuesday, July 25 with "Overweight" rating. Polen Capital Management LLC now owns 6,062,530 shares of the software company's stock valued at $857,484,000 after purchasing an additional 1,452,892 shares during the period. It also upped Iac Interactivecorp (NASDAQ:IACI) stake by 199,174 shares and now owns 278,374 shares.

Investors sentiment increased to 1.1 in 2017 Q2. Days to cover decreased -2.0 to 1.0 and the percentage of shorted shares was 0.01% on September 29.

In other Adobe Systems news, EVP Ann Lewnes sold 1,953 shares of Adobe Systems stock in a transaction dated Wednesday, September 13th. CWM LLC raised its position in shares of Adobe Systems by 11.8% during the 2nd quarter. Hartford Mgmt Inc invested in 0.11% or 1,770 shares. Parkside Financial Bank Tru invested in 0.02% or 333 shares.

More notable recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Seekingalpha.com which released: "Adobe: Digitally Transformed In The Cloud" on September 22, 2017, also Fool.com with their article: "Why Adobe Systems Incorporated Stock Popped Today" published on October 19, 2017, Seekingalpha.com published: "Adobe urges users patch Flash after malware attack; shares -" on October 16, 2017. Bank of Stockton now owns 5,255 shares of the software company's stock worth $743,000 after buying an additional 20 shares during the period. Symphony Asset Mgmt Ltd Liability Com invested in 12,150 shares or 0.19% of the stock. Conatus Capital Mngmt LP has invested 0.33% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE).

TRADEMARK VIOLATION NOTICE: "Quantitative Systematic Strategies LLC Sells 965 Shares of Adobe Systems Incorporated (ADBE)" was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. Meiji Yasuda Life accumulated 11,720 shares. Eagle Boston Investment Management Inc, a Massachusetts-based fund reported 218,001 shares. First Wilshire Securities Management Inc, a California-based fund reported 180,436 shares. Wunderlich Managemnt has 0.42% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Cap Lc has 710 shares. BlackRock Institutional Trust Company N.A. increased its stake in shares of Adobe Systems by 7.8% in the third quarter. Susquehanna maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Wednesday, October 7.

Covering sell-side analysts have recently weighed in on shares of Adobe Systems Incorporated (NASDAQ:ADBE). Therefore 79% are positive. Dougherty & Co reaffirmed a "buy" rating and set a $130.00 price objective (up from $122.00) on shares of Adobe Systems in a research report on Saturday, December 17th. The stock has "Buy" rating by Jefferies on Thursday, October 19. Credit Suisse Group reissued an "outperform" rating and issued a $190.00 price objective (up previously from $170.00) on shares of Adobe Systems in a research note on Thursday. The rating was initiated by Oppenheimer on Wednesday, September 2 with "Perform". The rating was maintained by Canaccord Genuity on Tuesday, August 22 with "Buy".

Since May 10, 2017, it had 0 insider purchases, and 2 selling transactions for $614,410 activity. Janus Henderson Group PLC now owns 11,226,707 shares of the software company's stock worth $1,587,936,000 after acquiring an additional 9,957,241 shares during the period. About 942,073 shares traded. Hydrogenics Corporation (USA) (NASDAQ:HYGS) has risen 1.42% since October 21, 2016 and is uptrending. It has outperformed by 88.01% the S&P500. The firm has a market capitalization of $86.58 billion, a price-to-earnings ratio of 55.22 and a beta of 0.98. The Commercial Truck & Industrial segment supplies drivetrain systems and components, including axles, drivelines and braking and suspension systems, for medium- and heavy-duty trucks, off-highway, military, construction, bus and coach, fire and emergency and other applications in North America, South America, Europe and Asia Pacific.

Investors sentiment increased to 1.13 in Q2 2017.