Reduces Position in Adobe Systems Incorporated (ADBE)

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Reduces Position in Adobe Systems Incorporated (ADBE)

During the latest trading session Adobe Systems Incorporated (NASDAQ:ADBE) stock went gone down with a prior 52-week high of $150.40. Suvretta Capital Management Llc owns 2.60 million shares or 6.92% of their USA portfolio. Adobe Sys Inc now has $71.93 billion valuation.

Adobe Systems (ADBE) traded down 0.16% during mid-day trading on Tuesday, reaching $146.49. About 109,500 shares traded. Adobe Systems has a 1-year low of $95.42 and a 1-year high of $150.40. MDU's SI was 2.78M shares in August as released by FINRA. Its down 5.3% from 2.94M shares previously. The SI to Mdu Resources Group Incorporated's float is 1.44%. Over the trailing year, the stock is outperforming the S&P 500 by 35.08, and it's gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. Based on the recent close, the shares have dropped -2.03% over the past five trading days. It has outperformed by 6.18% the S&P500.

Investors sentiment increased to 0.93 in Q4 2016. UBS Asset Management Americas Inc. now owns 3,372,838 shares of the software company's stock worth $438,907,000 after buying an additional 1,619,111 shares during the last quarter.

Bluemountain Capital Management Llc increased Global Pmts Inc (GPN) stake by 80.01% reported in 2016Q4 SEC filing. Trexquant Invest Lp holds 27,106 shares or 0.12% of its portfolio. Suntrust Banks Incorporated stated it has 54,503 shares or 0.03% of all its holdings. Cambridge Invest Rech Advsr holds 0% or 3,291 shares. 145.69 million shares or 1.40% more from 143.68 million shares in 2016Q3 were reported. Perhaps, that suggests something about why 86.79% of the outstanding share supply is held by institutional investors. Bridgeway Mgmt invested 0.05% of its portfolio in CBIZ, Inc. Northern has invested 0.01% in MDU Resources Group Inc (NYSE:MDU).

Want to see what other hedge funds are holding ADBE? Blackrock Mngmt Ltd Liability Corp accumulated 0.03% or 808,984 shares. Suvretta Capital Management Llc who had been investing in Adobe Sys Inc for a number of months, seems to be bullish on the $72.28B market cap company. The Company's businesses divisions are electric, natural gas distribution, pipeline and midstream, construction materials and contracting, and construction services. The electric segment generates, transmits and distributes electricity. A 2 analysts rate it as either a buy or a strong buy, while 1 believe that investors should either steer clear of (NYSE:EXPR) or, if they already own its stock, sell it. Therefore 100% are positive. MDU Resources had 7 analyst reports since August 6, 2015 according to SRatingsIntel. 85 funds opened positions while 267 raised stakes. The investment professionals in our partner's database now own: 417.05 million shares, down from 419.85 million shares in 2016Q3. (NYSE:CBZ). Cubist Systematic Strategies Ltd holds 0.03% of its portfolio in CBIZ, Inc. Gilder Gagnon Howe & Limited Liability holds 470,116 shares. Over the last six months, Adobe Systems Incorporated's stock has been 28.70% and 49.69% for the year. Koshinski Asset Mgmt Incorporated has 0% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Also, EVP Donna Morris sold 10,000 shares of the company's stock in a transaction dated Thursday, July 20th.

Are shares of Adobe Systems Incorporated (NASDAQ:ADBE) ready to make a move? Asset Management One Company Limited holds 0.23% or 908,431 shares.

ILLEGAL ACTIVITY NOTICE: "Insider Selling: Adobe Systems Incorporated (NASDAQ:ADBE) Director Sells 25,000 Shares of Stock" was first reported by Transcript Daily and is owned by of Transcript Daily. 297,946 are held by Junto Capital Limited Partnership. Mackenzie Finance Corporation reported 0.04% in Adobe Systems Incorporated (NASDAQ:ADBE). Modera Wealth Mngmt holds 3,751 shares. Institutional investors own 87.97% of the company's stock. Marathon Oil Corp (NYSE:MRO) was reduced too. Therefore 81% are positive. CWM LLC increased its position in shares of Adobe Systems by 11.8% in the second quarter. The firm has "Buy" rating by Deutsche Bank given on Wednesday, October 7.

06/21/2017 - Adobe Systems Incorporated had its " rating reiterated by analysts at JMP Securities.

The company's consensus rating on Reuter's scale slipped from 1.83 to 1.82 during a month. The firm has "Buy" rating by Pivotal Research given on Friday, December 11. On Wednesday, September 21 the stock rating was maintained by Pacific Crest with "Overweight". The firm earned "Overweight" rating on Wednesday, August 10 by Stephens.

Let's start off by taking a look at how the stock has been performing recently. The original version of this report can be read at https://www.themarketsdaily.com/2017/08/01/adobe-systems-incorporated-nasdaqadbe-position-boosted-by-cambridge-investment-research-advisors-inc-updated.html. Also, EVP Ann Lewnes sold 2,233 shares of Adobe Systems stock in a transaction that occurred on Wednesday, May 10th. GARRETT MARK had sold 45,199 shares worth $5.16 million. The insider BURGESS ROBERT K sold 25,000 shares worth $2.83 million.

Bluemountain Capital Management Llc decreased Akamai Technologies Inc (NASDAQ:AKAM) stake by 7,529 shares to 13,023 valued at $868,000 in 2016Q4.

Adobe Systems (NASDAQ:ADBE) last announced its earnings results on Tuesday, June 20th. During the same period a year ago, the firm posted $0.71 earnings per share. CBZ's profit will be $9.24 million for 22.03 P/E if the $0.17 EPS becomes a reality. After $0.81 actual EPS reported by Adobe Systems Incorporated for the previous quarter, Wall Street now forecasts 1.23% EPS growth.

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