Adobe (ADBE) Valuation Rose While Cls Investments Lowered Position; Braun Stacey Associates Holding in Adobe Sys (ADBE) Has Decreased as Valuation Rose

Adobe Inc. (NASDAQ:ADBE) Logo

Braun Stacey Associates Inc decreased its stake in Adobe Sys Inc (ADBE) by 55.28% based on its latest 2019Q1 regulatory filing with the SEC. Braun Stacey Associates Inc sold 16,546 shares as the company’s stock rose 6.38% with the market. The institutional investor held 13,383 shares of the prepackaged software company at the end of 2019Q1, valued at $3.57 million, down from 29,929 at the end of the previous reported quarter. Braun Stacey Associates Inc who had been investing in Adobe Sys Inc for a number of months, seems to be less bullish one the $151.10B market cap company. The stock increased 0.82% or $2.54 during the last trading session, reaching $311.27. About 1.51M shares traded. Adobe Inc. (NASDAQ:ADBE) has risen 16.13% since July 27, 2018 and is uptrending. It has outperformed by 11.70% the S&P500. Some Historical ADBE News: 21/05/2018 - PERMIRA REPORTS SALE OF MAGENTO COMMERCE TO ADOBE FOR US$1.68B; 15/03/2018 - ADOBE SYSTEMS INC ADBE.O : BAIRD RAISES TARGET PRICE TO $240 FROM $220; RATING OUTPERFORM; 13/04/2018 - Microsoft, Adobe and Mattel among 40 companies pledging to make workplace changes to help women succeed; 21/05/2018 - PERMIRA SAYS HILLHOUSE CAPITAL, ASIA-FOCUSED INVESTMENT FIRM, WILL ALSO SELL ITS STAKE IN MAGENTO TO ADOBE; 28/03/2018 - NVIDIA CORP - COLLABORATION WILL OPTIMIZE ADOBE SENSEI FOR NVIDIA GPUS; 28/03/2018 - Adobe Launches Experience Cloud Device Co-op; 02/04/2018 - Hollywood Rpter: Adobe Intros “Master Properties” For After Effects Ahead of NAB; 15/03/2018 - Adobe Systems 2Q EPS $1.17; 27/03/2018 - ADOBE TOUTS USE OF AI TO BUY SEARCH, DISPLAY AND VIDEO ADS; 15/03/2018 - ADOBE 1Q REV. $2.08B, EST. $2.05B

Cls Investments Llc decreased its stake in Adobe Inc (ADBE) by 58.95% based on its latest 2019Q1 regulatory filing with the SEC. Cls Investments Llc sold 6,092 shares as the company’s stock rose 6.38% with the market. The institutional investor held 4,243 shares of the prepackaged software company at the end of 2019Q1, valued at $1.13M, down from 10,335 at the end of the previous reported quarter. Cls Investments Llc who had been investing in Adobe Inc for a number of months, seems to be less bullish one the $151.10B market cap company. The stock increased 0.82% or $2.54 during the last trading session, reaching $311.27. About 1.51 million shares traded. Adobe Inc. (NASDAQ:ADBE) has risen 16.13% since July 27, 2018 and is uptrending. It has outperformed by 11.70% the S&P500. Some Historical ADBE News: 27/03/2018 - ADOBE: WEBSITES SHOULD HAVE CLEAR DATA DISCLAIMERS; 18/05/2018 - Document Management Software 2018: Global Procurement Market Intelligence Report - Top Five Players are Adobe, OpenText, Dropbox, HP, and Oracle - ResearchAndMarkets.com; 15/03/2018 - Adobe Systems 2Q Adj EPS $1.55; 21/05/2018 - Adobe: Magento CEO Mark Lavelle to Continue to Lead Magento Team as Part of Adobe’s Digital Experience Business; 25/04/2018 - Microsoft Dynamics 365 and Adobe Experience Cloud selected by 24 Hour Fitness to transform customer engagement; 23/05/2018 - MarketingLand: Adobe suits up for e-commerce competition with its purchase of Magento; 27/03/2018 - SMITH’s ACT for Adobe Experience Manager Makes Life Easier for Marketers; 19/03/2018 - Enel Sells Energy From New U.S. Wind Farm to Facebook and Adobe; 04/04/2018 - Adobe Summit: Experience Is Everything; 21/05/2018 - Adobe to buy Magento Commerce for $1.7bn

Braun Stacey Associates Inc, which manages about $3.55B and $1.51 billion US Long portfolio, upped its stake in Amazon Com Inc Com (NASDAQ:AMZN) by 816 shares to 22,338 shares, valued at $39.78M in 2019Q1, according to the filing. It also increased its holding in Vanguard Index Fds S&P 500 Etf (VOO) by 1,785 shares in the quarter, for a total of 19,642 shares, and has risen its stake in Procter & Gamble Company (NYSE:PG).

Analysts await Adobe Inc. (NASDAQ:ADBE) to report earnings on September, 12. They expect $1.59 EPS, up 11.97% or $0.17 from last year’s $1.42 per share. ADBE’s profit will be $771.85 million for 48.94 P/E if the $1.59 EPS becomes a reality. After $1.47 actual EPS reported by Adobe Inc. for the previous quarter, Wall Street now forecasts 8.16% EPS growth.

Since January 30, 2019, it had 0 insider buys, and 4 sales for $17.57 million activity. On Wednesday, January 30 the insider Lewnes Ann sold $720,480. Parasnis Abhay sold $6.00 million worth of stock. $3.45 million worth of Adobe Inc. (NASDAQ:ADBE) was sold by Morris Donna on Friday, February 1.

More notable recent Adobe Inc. (NASDAQ:ADBE) news were published by: Nasdaq.com which released: “BHP, Foot Locker, Adobe, Oracle and Salesforce highlighted as Zacks Bull and Bear of the Day - Nasdaq” on July 03, 2019, also Nasdaq.com with their article: “Shopify Stock Is Not a Good Buy Going Into Earnings - Nasdaq” published on July 25, 2019, Investorplace.com published: “5 STARS Stocks Smashing the Market (FANG Stocks, Too) - Investorplace.com” on July 15, 2019. More interesting news about Adobe Inc. (NASDAQ:ADBE) were released by: Investorplace.com and their article: “Is CyberArk Stock Still a Buy Near All-Time Highs? - Investorplace.com” published on July 25, 2019 as well as Nasdaq.com‘s news article titled: “Invesco QQQ Experiences Big Inflow - Nasdaq” with publication date: July 18, 2019.

Investors sentiment increased to 1.19 in 2019 Q1. Its up 0.26, from 0.93 in 2018Q4. It increased, as 43 investors sold ADBE shares while 371 reduced holdings. 116 funds opened positions while 378 raised stakes. 397.86 million shares or 9.47% less from 439.45 million shares in 2018Q4 were reported. Cim Lc stated it has 2,312 shares or 0.23% of all its holdings. Acadian Asset Mgmt Llc holds 0.01% of its portfolio in Adobe Inc. (NASDAQ:ADBE) for 5,873 shares. First LP holds 0.28% or 525,096 shares in its portfolio. Adage Capital Partners Group Inc Ltd Limited Liability Company reported 665,828 shares. Alpha Windward Ltd Liability invested 0.18% of its portfolio in Adobe Inc. (NASDAQ:ADBE). First Midwest Retail Bank Division owns 7,840 shares. Brinker Cap Incorporated owns 8,521 shares. Hartford Finance Mgmt Inc holds 1,670 shares or 0.15% of its portfolio. Lombard Odier Asset Management (Europe) Limited reported 4,879 shares. Sumitomo Life Insurance accumulated 0.77% or 21,589 shares. Eaton Vance Mngmt invested in 722,763 shares or 0.44% of the stock. Tcw Group Inc, California-based fund reported 1.02M shares. Kbc Grp Nv stated it has 229,574 shares or 0.5% of all its holdings. Paradigm Asset Management Comm Limited Company reported 0% stake. Johnson Invest Counsel invested in 0.05% or 8,713 shares.

Cls Investments Llc, which manages about $6.20 billion and $3.13B US Long portfolio, upped its stake in Fidelity by 54,654 shares to 362,785 shares, valued at $12.03M in 2019Q1, according to the filing. It also increased its holding in Goldman Sachs Etf Tr by 17,257 shares in the quarter, for a total of 36,654 shares, and has risen its stake in Ishares Tr (GOVT).

Since January 30, 2019, it had 0 insider buys, and 4 sales for $17.57 million activity. Lewnes Ann sold $720,480 worth of Adobe Inc. (NASDAQ:ADBE) on Wednesday, January 30. Another trade for 13,804 shares valued at $3.45 million was sold by Morris Donna. Rencher Bradley sold $7.39M worth of stock.

Analysts await Adobe Inc. (NASDAQ:ADBE) to report earnings on September, 12. They expect $1.59 EPS, up 11.97% or $0.17 from last year’s $1.42 per share. ADBE’s profit will be $771.85M for 48.94 P/E if the $1.59 EPS becomes a reality. After $1.47 actual EPS reported by Adobe Inc. for the previous quarter, Wall Street now forecasts 8.16% EPS growth.

More notable recent Adobe Inc. (NASDAQ:ADBE) news were published by: Nasdaq.com which released: “Top Research Reports for Adobe, Philip Morris & Mondelez - Nasdaq” on July 11, 2019, also Nasdaq.com with their article: “Adobe (ADBE): Buy or Die? - Nasdaq” published on July 01, 2019, Nasdaq.com published: “QQQ, CSCO, INTC, ADBE: Large Outflows Detected at ETF - Nasdaq” on July 10, 2019. More interesting news about Adobe Inc. (NASDAQ:ADBE) were released by: Nasdaq.com and their article: “Adobe Stock Is Teetering on Overvalued, but It Isn’t There Yet - Nasdaq” published on July 05, 2019 as well as Nasdaq.com‘s news article titled: “Noteworthy Wednesday Option Activity: MU, ADBE, MYL - Nasdaq” with publication date: July 24, 2019.

Investors sentiment increased to 1.19 in 2019 Q1. Its up 0.26, from 0.93 in 2018Q4. It improved, as 43 investors sold ADBE shares while 371 reduced holdings. 116 funds opened positions while 378 raised stakes. 397.86 million shares or 9.47% less from 439.45 million shares in 2018Q4 were reported. Deutsche Bank Ag reported 2.41M shares or 0.38% of all its holdings. Connor Clark Lunn Investment invested in 0.09% or 54,075 shares. Pathstone Family Office Ltd Liability Co has 1,997 shares. Leisure has invested 0.55% in Adobe Inc. (NASDAQ:ADBE). Associated Banc holds 3,537 shares. State Of Tennessee Treasury Department invested in 488,505 shares. King Luther Cap Management Corp holds 2.28% of its portfolio in Adobe Inc. (NASDAQ:ADBE) for 1.12 million shares. Neuberger Berman Ltd Llc stated it has 0.11% of its portfolio in Adobe Inc. (NASDAQ:ADBE). 34,820 were reported by South State Corporation. Sequoia Financial Advsrs Ltd Liability Company invested in 0.04% or 1,934 shares. Virginia Retirement System Et Al reported 0.94% of its portfolio in Adobe Inc. (NASDAQ:ADBE). Overbrook Management Corporation holds 0.16% or 2,722 shares. Arcadia Inv Mi owns 26,169 shares. First Merchants owns 1,100 shares. Agf Invs owns 0.81% invested in Adobe Inc. (NASDAQ:ADBE) for 269,102 shares.

Adobe Inc. (NASDAQ:ADBE) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.