Published: Thu, February 15, 2018
IT | By Lester Massey

Evermay Wealth Management LLC Buys New Stake in Adobe Systems Incorporated (ADBE)


Blue Harbour Group Lp bought 470,000 shares as the company's stock declined 11.30% while stock markets rallied. The hedge fund run by Craig C. Albert held 172,091 shares of the building products company at the end of 2017Q3, valued at $29.48M, up from 135,898 at the end of the previous reported quarter. Yacktman Asset Management Lp who had been investing in Reading International Inc. for a number of months, seems to be bullish on the $387.79M market cap company. Finally, Piedmont Investment Advisors LLC increased its position in shares of Adobe Systems by 2.0% during the second quarter. About 5.77M shares traded. Facebook, Inc. (NASDAQ:FB) has risen 26.75% since February 13, 2017 and is uptrending. It has outperformed by 4.58% the S&P500.

Evermay Wealth Management LLC acquired a new stake in Adobe Systems Incorporated (NASDAQ:ADBE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor held 84,951 shares of the prepackaged software company at the end of 2017Q3, valued at $12.67M, up from 80,825 at the end of the previous reported quarter. The volume of the company in the last trading session was 2.22 Million. At the moment, the 14-day ATR for Adobe Systems Incorporated (NASDAQ:ADBE) is noted at 5.40. It has outperformed by 17.82% the S&P500. Hsbc Holding Public Ltd holds 0.17% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 695,359 shares. Therefore 73% are positive. Wilbanks Smith & Thomas Asset Management LLC's holdings in Adobe Systems were worth $4,408,000 at the end of the most recent reporting period. The rating was maintained by RBC Capital Markets on Friday, December 11 with "Outperform". Nine investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. The rating was maintained by Credit Suisse with "Neutral" on Wednesday, September 21. Wunderlich maintained it with "Hold" rating and $115 target in Thursday, November 3 report. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned "Buy" rating by Citigroup on Wednesday, September 21. BMO Capital Markets has "Buy" rating and $165.0 target. Jefferies maintained the stock with "Buy" rating in Friday, September 18 report. The rating was maintained by Canaccord Genuity on Tuesday, June 20 with "Buy". Narrow down focus to firm performance, its weekly performance was 0.99% and monthly performance was 1.71%.

Several other institutional investors also recently bought and sold shares of ADBE. 2 funds opened positions while 0 raised stakes. 414.95 million shares or 0.84% less from 418.45 million shares in 2017Q2 were reported. S&Co stated it has 0.06% in Adobe Systems Incorporated (NASDAQ:ADBE). Bnp Paribas Asset Sa holds 0.19% in Adobe Systems Incorporated (NASDAQ:ADBE) or 147,416 shares. Guggenheim Limited Liability Com owns 595,151 shares or 0.21% of their U.S. portfolio. 572,229 were reported by Invesco Limited. Central Bancorp Communications stated it has 1.79% in Adobe Systems Incorporated (NASDAQ:ADBE). Westwood has invested 0.01% in Adobe Systems Incorporated (NASDAQ:ADBE).

ADBE has been the subject of a number of analyst reports. Sun Life Fincl Inc has invested 0.05% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). 2,738 shares valued at $396,540 were sold by Rogers Scot Frazier on Thursday, February 1. State Of Wisconsin Inv Board reported 649,085 shares.

Since September 13, 2017, it had 1 buying transaction, and 14 insider sales for $79.49 million activity. Also, CFO Mark Garrett sold 54,488 shares of the stock in a transaction on Tuesday, February 6th.


In related news, EVP Ann Lewnes sold 1,953 shares of the stock in a transaction dated Wednesday, December 13th. Therefore 22% are positive. Netflix had 225 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has "Neutral" rating given on Friday, March 18 by Goldman Sachs. The stock of Coherent, Inc. (NASDAQ:NFLX) has "Underperform" rating given on Thursday, January 19 by Wedbush. The firm has "Equal-Weight" rating by Morgan Stanley given on Monday, October 9. A buy rating is a recommendation to purchase a specific security. (NYSE:AYI) on Friday, January 27 to "Sell" rating. Raymond James has "Buy" rating and $16500 target. Pivotal Research downgraded the stock to "Sell" rating in Monday, June 12 report. (NASDAQ:FB) rating on Monday, October 2. (NYSE:AYI) earned "Hold" rating by Wells Fargo on Tuesday, January 9. The firm earned "Buy" rating on Wednesday, January 24 by BTIG Research.

Investors sentiment decreased to 1.04 in Q3 2017. Its down 0.10, from 1.22 in 2017Q2. It dived, as 42 investors sold FFIV shares while 168 reduced holdings. 128 funds opened positions while 644 raised stakes. Arcadia Inv Corp Mi accumulated 33,277 shares. Segall Bryant And Hamill Limited Liability has 10,375 shares. Stevens Cap LP has 0.35% invested in Netflix, Inc. Marsico Cap Ltd Liability accumulated 0.68% or 113,759 shares. One Association reported 13,654 shares. The Massachusetts-based Loring Wolcott Coolidge Fiduciary Advsrs Limited Liability Partnership Ma has invested 0.21% in Acuity Brands, Inc. Brown Advisory Limited Liability Corporation, a Maryland-based fund reported 4,947 shares. Cibc Mkts has 1.16% invested in Facebook, Inc. (NASDAQ:NFLX). Lombard Odier Asset Management (Switzerland) Sa has invested 0.02% in Netflix, Inc. They expect $1.06 EPS, up 35.90% or $0.28 from last year's $0.78 per share. Oakworth Capital accumulated 231 shares or 0.01% of the stock.

Mar Vista Investment Partners Llc, which manages about $1.80B and $2.41 billion US Long portfolio, upped its stake in Procter & Gamble Co/The (NYSE:PG) by 5,045 shares to 9,215 shares, valued at $838,000 in 2017Q3, according to the filing. The insider WARNOCK JOHN E sold $1.18M. $218,817 worth of Netflix, Inc. Vaughan David Il holds 284,354 shares. Adobe Sys Inc now has $92.41B valuation. (NASDAQ:NFLX) was sold by HOAG JAY C on Wednesday, January 31. The insider Wehner David M. sold $2.59 million.

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