Lone Pine Capital Has Raised Its Adobe Sys (ADBE) Stake by $325.26 Million; Quantitative Investment Management Maintains Holding in East West Bancorp (EWBC)

April 20, 2018 - By Louis Casey

East West Bancorp, Inc. (NASDAQ:EWBC) Logo

Stephen Mandel increased its stake in Adobe Sys Inc (ADBE) by 47.27% based on its latest 2017Q4 regulatory filing with the SEC. Lone Pine Capital Llc bought 1.86M shares as the company’s stock rose 22.17% while stock markets declined. The hedge fund run by Stephen Mandel held 5.79M shares of the prepackaged software company at the end of 2017Q4, valued at $1.01 billion, up from 3.93 million at the end of the previous reported quarter. Lone Pine Capital Llc who had been investing in Adobe Sys Inc for a number of months, seems to be bullish on the $112.10B market cap company. The stock decreased 1.51% or $3.48 during the last trading session, reaching $227.62. About 2.38 million shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 66.71% since April 20, 2017 and is uptrending. It has outperformed by 55.16% the S&P500.

Quantitative Investment Management Llc increased its stake in East West Bancorp Inc (EWBC) by 210.87% based on its latest 2017Q4 regulatory filing with the SEC. Quantitative Investment Management Llc bought 19,400 shares as the company’s stock declined 1.67% with the market. The hedge fund held 28,600 shares of the finance company at the end of 2017Q4, valued at $1.74 million, up from 9,200 at the end of the previous reported quarter. Quantitative Investment Management Llc who had been investing in East West Bancorp Inc for a number of months, seems to be bullish on the $9.41 billion market cap company. The stock increased 5.96% or $3.66 during the last trading session, reaching $65.07. About 1.81 million shares traded or 83.96% up from the average. East West Bancorp, Inc. (NASDAQ:EWBC) has risen 21.17% since April 20, 2017 and is uptrending. It has outperformed by 9.62% the S&P500.

Lone Pine Capital Llc, which manages about $34.98 billion and $19.16 billion US Long portfolio, decreased its stake in Grupo Televisa Sa (NYSE:TV) by 751,731 shares to 20.09 million shares, valued at $375.11M in 2017Q4, according to the filing. It also reduced its holding in Broadcom Ltd by 2.63 million shares in the quarter, leaving it with 2.46 million shares, and cut its stake in Activision Blizzard Inc (NASDAQ:ATVI).

Since October 20, 2017, it had 1 insider purchase, and 15 selling transactions for $83.18 million activity. THOMPSON MATTHEW sold $379,784 worth of stock or 2,190 shares. LAMKIN BRYAN sold 30,000 shares worth $5.97M. WARNOCK JOHN E sold $1.12M worth of stock. $338,846 worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by Lewnes Ann on Wednesday, December 13. $5.81 million worth of stock was sold by Morris Donna on Wednesday, January 24. NARAYEN SHANTANU had sold 165,023 shares worth $32.66 million on Wednesday, January 24.

Investors sentiment decreased to 0.89 in 2017 Q4. Its down 0.22, from 1.11 in 2017Q3. It fall, 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. Moreover, Assetmark Incorporated has 0% invested in Adobe Systems Incorporated (NASDAQ:ADBE). 31,624 are owned by Arcadia Invest Mgmt Mi. Natl Asset Management reported 6,608 shares. Hsbc Public Limited Company accumulated 773,655 shares. Barclays Public Ltd Com invested in 752,526 shares or 0.11% of the stock. Cohen Klingenstein Limited Liability Corp owns 40,338 shares. Aspen Invest Mgmt holds 3,121 shares or 0.39% of its portfolio. Symphony Asset Ltd Liability holds 0.2% or 10,952 shares in its portfolio. 101 were reported by Td Mgmt Ltd Liability Company. Lombard Odier Asset Mgmt (Europe) invested in 0.06% or 5,398 shares. Vision Management Inc holds 0.46% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 8,949 shares. Tiger Eye Cap Lc reported 3.08% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). 26,542 were reported by Public Sector Pension Invest Board. Moreover, Raymond James Financial Ser Advsrs has 0.03% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 23,548 shares. 7,400 were reported by Birinyi Associate.

Among 39 analysts covering Adobe Systems (NASDAQ:ADBE), 28 have Buy rating, 0 Sell and 11 Hold. Therefore 72% are positive. Adobe Systems had 157 analyst reports since August 11, 2015 according to SRatingsIntel. UBS maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, June 22 with “Buy” rating. Canaccord Genuity maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Thursday, December 14 with “Buy” rating. The company was maintained on Friday, March 18 by RBC Capital Markets. Bank of America maintained the stock with “Buy” rating in Thursday, October 19 report. As per Monday, March 12, the company rating was maintained by Credit Suisse. Deutsche Bank maintained it with “Buy” rating and $110 target in Tuesday, December 8 report. The company was maintained on Wednesday, September 21 by Morgan Stanley. The rating was maintained by S&P Research with “Hold” on Monday, September 21. Oppenheimer initiated the shares of ADBE in report on Wednesday, September 2 with “Perform” rating. The company was maintained on Wednesday, September 21 by Goldman Sachs.

Among 15 analysts covering East West Bancorp Inc. (NASDAQ:EWBC), 9 have Buy rating, 0 Sell and 6 Hold. Therefore 60% are positive. East West Bancorp Inc. had 51 analyst reports since August 26, 2015 according to SRatingsIntel. The stock has “Hold” rating by Keefe Bruyette & Woods on Monday, February 26. Piper Jaffray maintained the shares of EWBC in report on Thursday, September 21 with “Buy” rating. Morgan Stanley maintained the shares of EWBC in report on Wednesday, January 31 with “Equal-Weight” rating. On Thursday, March 29 the stock rating was maintained by Sandler O’Neill with “Buy”. The firm earned “Outperform” rating on Thursday, January 14 by BMO Capital Markets. The stock has “Hold” rating by Deutsche Bank on Friday, July 14. The stock of East West Bancorp, Inc. (NASDAQ:EWBC) has “Overweight” rating given on Friday, October 20 by Barclays Capital. As per Thursday, January 4, the company rating was maintained by Sandler O’Neill. BMO Capital Markets maintained East West Bancorp, Inc. (NASDAQ:EWBC) on Wednesday, March 7 with “Hold” rating. Piper Jaffray maintained it with “Buy” rating and $74.0 target in Friday, October 20 report.

Investors sentiment increased to 1.22 in Q4 2017. Its up 0.04, from 1.18 in 2017Q3. It improved, as 21 investors sold EWBC shares while 122 reduced holdings. 59 funds opened positions while 116 raised stakes. 124.03 million shares or 0.27% less from 124.37 million shares in 2017Q3 were reported. Texas Permanent School Fund invested in 0.07% or 97,706 shares. Old Mutual Customised Solutions (Proprietary) Limited reported 5,600 shares or 0.03% of all its holdings. Pinebridge Invests Limited Partnership holds 0.29% or 188,192 shares in its portfolio. Weaver C Barksdale And Associates accumulated 120 shares. Pnc Fincl Gru Inc holds 0% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC) for 25,974 shares. Evercore Wealth Lc owns 681,489 shares for 1.54% of their portfolio. Oakbrook Lc has invested 0.05% in East West Bancorp, Inc. (NASDAQ:EWBC). 80,900 were accumulated by Laurion Management L P. Meeder Asset Mngmt holds 0.04% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC) for 8,710 shares. Engineers Gate Manager Limited Partnership has invested 0.08% in East West Bancorp, Inc. (NASDAQ:EWBC). Asset Management One Ltd owns 0.03% invested in East West Bancorp, Inc. (NASDAQ:EWBC) for 226,865 shares. Pacad Limited owns 2,300 shares or 0.03% of their US portfolio. Kennedy Mngmt reported 0.29% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC). Ww Asset Mngmt has 0.02% invested in East West Bancorp, Inc. (NASDAQ:EWBC) for 8,786 shares. 46,522 are held by Los Angeles Mngmt And Equity.

Since October 24, 2017, it had 0 insider buys, and 6 selling transactions for $1.56 million activity. The insider LI HERMAN Y sold $610,000. LIU JACK C sold $137,000 worth of stock or 2,000 shares. $30,016 worth of East West Bancorp, Inc. (NASDAQ:EWBC) was sold by CAMPBELL MOLLY on Thursday, March 15. Oh Irene H also sold $341,432 worth of East West Bancorp, Inc. (NASDAQ:EWBC) shares. On Friday, February 2 Chan Iris S sold $133,378 worth of East West Bancorp, Inc. (NASDAQ:EWBC) or 2,000 shares.

East West Bancorp, Inc. (NASDAQ:EWBC) Institutional Positions Chart

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