Northpointe Capital Has Cut Its Akamai Technologies (AKAM) Position by $825,233; Holder Schmidt P J Investment Management Upped Adobe (ADBE) Stake

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Northpointe Capital Llc decreased its stake in Akamai Technologies Inc (AKAM) by 21.48% based on its latest 2019Q1 regulatory filing with the SEC. Northpointe Capital Llc sold 11,623 shares as the company’s stock rose 8.88% with the market. The institutional investor held 42,489 shares of the miscellaneous company at the end of 2019Q1, valued at $3.05M, down from 54,112 at the end of the previous reported quarter. Northpointe Capital Llc who had been investing in Akamai Technologies Inc for a number of months, seems to be less bullish one the $13.62 billion market cap company. The stock increased 0.21% or $0.17 during the last trading session, reaching $82.46. About 486,673 shares traded. Akamai Technologies, Inc. (NASDAQ:AKAM) has declined 0.09% since July 12, 2018 and is downtrending. It has underperformed by 4.52% the S&P500. Some Historical AKAM News: 23/05/2018 – @JimCramer and @MarcChaikin’s charts suggest investors buy Akamai and sell Walmart $AKAM $WMT; 27/03/2018 – Akamai Chairman Conrades to Retire in June After 20 Years; 30/04/2018 – Canada News Wire: CIRA partners with Akamai to enhance cybersecurity solutions for Canadians; 09/03/2018 – AKAMAI TO APPOINT AN ELLIOTT DESIGNEE TO BOARD; 02/04/2018 – LIMELIGHT NETWORKS INC – TERMS OF SETTLEMENT AND LICENSES ARE CONFIDENTIAL; 05/03/2018 Akamai Conference Call Scheduled By Aliya Capital for Mar. 13; 19/04/2018 – Limelight Networks vs Akamai Technologies, Inc. | Terminated-Settled | 04/19/2018; 27/03/2018 – AKAMAI CHAIRMAN TO RETIRE; 08/03/2018 – Akamai Technologies to Add Second Independent Director at Later Date; 30/04/2018 – Akamai Technologies 1Q Adj EPS 79c

Schmidt P J Investment Management Inc increased its stake in Adobe Inc (ADBE) by 79.06% based on its latest 2019Q1 regulatory filing with the SEC. Schmidt P J Investment Management Inc bought 1,435 shares as the company’s stock rose 6.38% with the market. The institutional investor held 3,250 shares of the prepackaged software company at the end of 2019Q1, valued at $866,000, up from 1,815 at the end of the previous reported quarter. Schmidt P J Investment Management Inc who had been investing in Adobe Inc for a number of months, seems to be bullish on the $150.51 billion market cap company. The stock increased 0.59% or $1.82 during the last trading session, reaching $309.42. About 1.31M shares traded. Adobe Inc. (NASDAQ:ADBE) has risen 16.13% since July 12, 2018 and is uptrending. It has outperformed by 11.70% the S&P500. Some Historical ADBE News: 21/05/2018 – Adobe to buy Magento Commerce in $1.68 bln deal; 27/03/2018 – TMMData Announces Deep Integration With Adobe Cloud Platform; 15/03/2018 – ADOBE CEO SPEAKS ON 1Q EARNINGS CONFERENCE CALL; 23/03/2018 – Perficient Digital to Showcase Digital Marketing Expertise at Adobe Summit 2018; 15/03/2018 – ADOBE SYSTEMS INC ADBE.O : BARCLAYS RAISES TARGET PRICE TO $250 FROM $221; 21/05/2018 – ADOBE SYSTEMS INC – NEW PROGRAM NOT EXPECTED TO HAVE A MATERIAL IMPACT ON COMPANY’S FISCAL YEAR 2018 EARNINGS; 02/05/2018 – Skava announces it’s joining the Adobe Exchange Partner Program; 03/04/2018 – Shared Storage Provider OpenDrives Launches Media Accelerator Integration for Adobe Premiere Pro CC; 19/03/2018 – ENEL SELLS ENERGY FROM NEW US WIND FARM TO FACEBOOK & ADOBE; 28/03/2018 – Adobe and NVIDIA Announce Partnership to Deliver New AI Services for Creativity and Digital Experiences

More notable recent Adobe Inc. (NASDAQ:ADBE) news were published by: Nasdaq.com which released: “Technology Sector Update for 06/19/2019: FRSX, ESLT, ADBE, YY, MSFT, AAPL, IBM, CSCO, GOOG – Nasdaq” on June 19, 2019, also 247Wallst.com with their article: “Top Analyst Upgrades and Downgrades: Adobe, Energizer, Marvell, MongoDB, Royal Gold, Six Flags, State Street, SunPower, TripAdvisor and More – 24/7 Wall St.” published on June 19, 2019, Nasdaq.com published: “3 Surprising Stocks Hitting New Highs Last Week – Nasdaq” on July 07, 2019. More interesting news about Adobe Inc. (NASDAQ:ADBE) were released by: Nasdaq.com and their article: “Adobe Earnings: ADBE Stock Dips Despite Revenue Surging 25% – Nasdaq” published on March 14, 2019 as well as Seekingalpha.com‘s news article titled: “Adobe: Another Possible Earnings Beat On The Horizon – Seeking Alpha” with publication date: June 17, 2019.

Investors sentiment increased to 1.19 in Q1 2019. 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. Community Bank Na invested in 200 shares or 0.01% of the stock. Schroder Inv Mgmt Grp holds 0.56% or 1.29M shares in its portfolio. Egerton Capital (Uk) Limited Liability Partnership holds 2.66 million shares. Commonwealth State Bank Of Aus invested in 0.03% or 10,339 shares. Patten & Patten Tn holds 1.35% of its portfolio in Adobe Inc. (NASDAQ:ADBE) for 46,159 shares. Freestone Hldgs has 6,573 shares. Regent Inv Mngmt Lc has 0.19% invested in Adobe Inc. (NASDAQ:ADBE) for 2,120 shares. Guardian Life Insurance Of America invested in 1,406 shares or 0.05% of the stock. Conestoga Advsrs Lc, a Pennsylvania-based fund reported 1,330 shares. Arcadia Investment Management Mi reported 26,169 shares. Investec Asset Mgmt Ltd accumulated 0% or 838 shares. Brandywine Managers Ltd Llc invested 0.54% in Adobe Inc. (NASDAQ:ADBE). Grantham Mayo Van Otterloo Ltd Co owns 6,200 shares for 0.01% of their portfolio. Lazard Asset Management Llc reported 246,720 shares. Spirit Of America Mgmt Corp owns 0.16% invested in Adobe Inc. (NASDAQ:ADBE) for 4,150 shares.

Since January 24, 2019, it had 0 insider buys, and 7 selling transactions for $96.39 million activity. Parasnis Abhay sold 25,000 shares worth $6.00 million. Lewnes Ann sold $720,480 worth of stock or 3,000 shares. Shares for $34.32M were sold by NARAYEN SHANTANU. Rencher Bradley also sold $7.39M worth of Adobe Inc. (NASDAQ:ADBE) on Thursday, January 31. 41,560 shares were sold by THOMPSON MATTHEW, worth $10.19 million.

Analysts await Akamai Technologies, Inc. (NASDAQ:AKAM) to report earnings on July, 30. They expect $0.76 EPS, up 31.03% or $0.18 from last year’s $0.58 per share. AKAM’s profit will be $125.57 million for 27.13 P/E if the $0.76 EPS becomes a reality. After $0.88 actual EPS reported by Akamai Technologies, Inc. for the previous quarter, Wall Street now forecasts -13.64% negative EPS growth.

Northpointe Capital Llc, which manages about $1.18B and $317.94M US Long portfolio, upped its stake in Darden Restaurants Inc (NYSE:DRI) by 13,991 shares to 32,296 shares, valued at $3.92 million in 2019Q1, according to the filing. It also increased its holding in Marathon Pete Corp (NYSE:MPC) by 21,779 shares in the quarter, for a total of 68,328 shares, and has risen its stake in Lpl Finl Hldgs Inc (NASDAQ:LPLA).

Since February 14, 2019, it had 0 insider buys, and 3 insider sales for $1.25 million activity. 2,157 Akamai Technologies, Inc. (NASDAQ:AKAM) shares with value of $151,335 were sold by Ahola Aaron. Wheaton William also sold $427,320 worth of Akamai Technologies, Inc. (NASDAQ:AKAM) on Friday, February 15.

More notable recent Akamai Technologies, Inc. (NASDAQ:AKAM) news were published by: Nasdaq.com which released: “Akamai Inks Deal With Microsoft for an Undisclosed Amount – Nasdaq” on April 04, 2019, also Zacks.com with their article: “Why Is Akamai Technologies (AKAM) Up 3.3% Since Last Earnings Report? – Zacks.com” published on March 14, 2019, Finance.Yahoo.com published: “Akamai (AKAM) Earnings and Revenues Beat Estimates in Q1 – Yahoo Finance” on May 01, 2019. More interesting news about Akamai Technologies, Inc. (NASDAQ:AKAM) were released by: Nasdaq.com and their article: “Interesting AKAM Put And Call Options For February 2020 – Nasdaq” published on June 26, 2019 as well as Benzinga.com‘s news article titled: “KeyBanc Sees Positive Signs For Akamai Technologies In May Data – Benzinga” with publication date: June 05, 2019.

Investors sentiment increased to 1.18 in 2019 Q1. Its up 0.34, from 0.84 in 2018Q4. It is positive, as 31 investors sold AKAM shares while 154 reduced holdings. 72 funds opened positions while 146 raised stakes. 136.79 million shares or 0.86% more from 135.62 million shares in 2018Q4 were reported. Nelson Roberts Investment Advisors Ltd Liability Corporation accumulated 79,597 shares. Sector Pension Inv Board invested in 38,377 shares. Andra Ap stated it has 27,700 shares. Calamos Ltd Company invested in 0.03% or 73,000 shares. Great West Life Assurance Company Can holds 201,048 shares. Kornitzer Capital Management Ks has invested 0.27% in Akamai Technologies, Inc. (NASDAQ:AKAM). Howland Capital Mngmt Lc accumulated 72,897 shares. Cubist Systematic Strategies Limited Company reported 7,689 shares. Menta Cap Limited Liability Corporation reported 6,938 shares. 65,000 are owned by Royal London Asset Management Limited. Impact Advsr Ltd stated it has 24,892 shares. Argent Trust has invested 0.04% in Akamai Technologies, Inc. (NASDAQ:AKAM). Ing Groep Nv has 0.05% invested in Akamai Technologies, Inc. (NASDAQ:AKAM). Wells Fargo And Mn holds 0.02% of its portfolio in Akamai Technologies, Inc. (NASDAQ:AKAM) for 1.09M shares. Btim Corporation, a Massachusetts-based fund reported 193,772 shares.

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