As Vodafone Group Plc (VOD) Share Price Rose, Everett Harris & Company Trimmed Holding by $321,440; Adobe Systems (ADBE) Shareholder Westend Advisors Cut Its Position

January 14, 2018 - By Clifton Ray

Westend Advisors Llc decreased its stake in Adobe Systems (ADBE) by 99.96% based on its latest 2017Q3 regulatory filing with the SEC. Westend Advisors Llc sold 394,043 shares as the company’s stock rose 14.01% with the market. The institutional investor held 151 shares of the prepackaged software company at the end of 2017Q3, valued at $22.53 million, down from 394,194 at the end of the previous reported quarter. Westend Advisors Llc who had been investing in Adobe Systems for a number of months, seems to be less bullish one the $96.15B market cap company. The stock increased 3.24% or $6.13 during the last trading session, reaching $195.05. About 4.25 million shares traded or 46.51% up from the average. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since January 14, 2017 and is uptrending. It has outperformed by 25.59% the S&P500.

Everett Harris & Company decreased its stake in Vodafone Group Plc (VOD) by 20.89% based on its latest 2017Q3 regulatory filing with the SEC. Everett Harris & Company sold 11,480 shares as the company’s stock rose 16.21% with the market. The institutional investor held 43,465 shares of the telecommunications equipment company at the end of 2017Q3, valued at $1.24 million, down from 54,945 at the end of the previous reported quarter. Everett Harris & Company who had been investing in Vodafone Group Plc for a number of months, seems to be less bullish one the $81.29 billion market cap company. It closed at $31.93 lastly. It is down 13.23% since January 14, 2017 and is downtrending. It has underperformed by 29.93% the S&P500.

Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 29 have Buy rating, 0 Sell and 9 Hold. Therefore 76% are positive. Adobe Systems had 135 analyst reports since August 11, 2015 according to SRatingsIntel. The firm has “Overweight” rating given on Thursday, October 19 by Barclays Capital. On Tuesday, August 25 the stock rating was upgraded by Robert W. Baird to “Neutral”. The firm has “Buy” rating by RBC Capital Markets given on Sunday, October 8. Pivotal Research maintained the shares of ADBE in report on Wednesday, September 21 with “Buy” rating. Canaccord Genuity maintained the stock with “Buy” rating in Tuesday, August 22 report. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Buy” rating given on Thursday, July 27 by Cowen & Co. RBC Capital Markets maintained the shares of ADBE in report on Friday, October 2 with “Outperform” rating. Deutsche Bank maintained it with “Buy” rating and $90 target in Wednesday, October 7 report. KeyBanc Capital Markets maintained it with “Buy” rating and $174.0 target in Tuesday, September 26 report. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Buy” rating by Canaccord Genuity on Wednesday, September 20.

Westend Advisors Llc, which manages about $1139.57 billion US Long portfolio, upped its stake in Kraft Heinz Co. by 20,773 shares to 588,049 shares, valued at $45.60B in 2017Q3, according to the filing. It also increased its holding in Consumer Staples Select Sector Spdr Fund (XLP) by 25,282 shares in the quarter, for a total of 127,735 shares, and has risen its stake in Tjx Companies (NYSE:TJX).

Investors sentiment increased to 1.11 in 2017 Q3. Its up 0.01, from 1.1 in 2017Q2. It improved, as 42 investors sold ADBE shares while 327 reduced holdings. 97 funds opened positions while 312 raised stakes. 414.95 million shares or 0.84% less from 418.45 million shares in 2017Q2 were reported. Louisiana State Employees Retirement Systems owns 30,800 shares. Parametric Port Associates Llc owns 1.45M shares. First Manhattan accumulated 5,590 shares or 0% of the stock. Lockheed Martin Invest Mngmt Communication holds 0.11% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 13,400 shares. Johnson Counsel stated it has 3,423 shares or 0.01% of all its holdings. The New Mexico-based Hanseatic Ser has invested 0.41% in Adobe Systems Incorporated (NASDAQ:ADBE). Virginia Retirement Systems Et Al reported 232,400 shares. First Citizens Natl Bank And invested 0.16% in Adobe Systems Incorporated (NASDAQ:ADBE). Georgia-based Invesco Ltd has invested 0.24% in Adobe Systems Incorporated (NASDAQ:ADBE). 204,426 were reported by Td Asset Inc. Caprock Gru Incorporated holds 0.07% in Adobe Systems Incorporated (NASDAQ:ADBE) or 2,221 shares. Trinity Street Asset Llp has invested 4.38% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Hoplite Capital Mgmt LP invested in 309,962 shares. Comerica Financial Bank holds 0.25% or 199,232 shares. Tiedemann Wealth Lc holds 7,844 shares.

Since August 9, 2017, it had 1 insider buy, and 7 insider sales for $6.56 million activity. THOMPSON MATTHEW sold 2,190 shares worth $379,784. 6,800 shares were sold by WARNOCK JOHN E, worth $1.18M. Shares for $3.97M were sold by GESCHKE CHARLES M on Wednesday, January 10. 1,125 Adobe Systems Incorporated (NASDAQ:ADBE) shares with value of $199,520 were bought by Banse Amy.

Analysts await Adobe Systems Incorporated (NASDAQ:ADBE) to report earnings on March, 15. They expect $1.06 earnings per share, up 35.90% or $0.28 from last year’s $0.78 per share. ADBE’s profit will be $522.52 million for 46.00 P/E if the $1.06 EPS becomes a reality. After $1.05 actual earnings per share reported by Adobe Systems Incorporated for the previous quarter, Wall Street now forecasts 0.95% EPS growth.

Everett Harris & Company, which manages about $6.37B and $3.33 billion US Long portfolio, upped its stake in Facebook Inc (NASDAQ:FB) by 12,233 shares to 183,957 shares, valued at $31.43 million in 2017Q3, according to the filing. It also increased its holding in Oneok Inc. (NYSE:OKE) by 152,358 shares in the quarter, for a total of 190,649 shares, and has risen its stake in Factset Research Systems Inc. (NYSE:FDS).

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