Published: Wed, March 14, 2018
IT&Software | By Alfonso Woods

The Adobe Systems Incorporated (ADBE) Shares Bought by Guggenheim Capital LLC


The institutional investor held 57,831 shares of the prepackaged software company at the end of 2017Q3, valued at $8.63M, up from 37,575 at the end of the previous reported quarter. Adobe Systems In now has $109.00 billion valuation.

The stock increased 2.23% or $1.56 during the last trading session, reaching $71.66. About 1.09 million shares traded.

Adobe Systems Incorporated (NASDAQ:ADBE) is one the of the active stocks and its unusual movement is rasing eyebrows among traders. It has outperformed by 25.59% the S&P500.

Muhlenkamp & Co Inc decreased its stake in Spirit Airls Inc Com (SAVE) by 92.09% based on its latest 2017Q3 regulatory filing with the SEC. Moreover, Bb&T Securities Llc has 0.2% invested in the company for 586,388 shares. The institutional investor held 7,035 shares of the transportation company at the end of 2017Q3, valued at $235,000, down from 88,990 at the end of the previous reported quarter. The stock increased 1.12% or $3.76 during the last trading session, reaching $340.71. About 39,205 shares traded. It is up 15.89% since March 14, 2017 and is uptrending.

Looking at the Analyst Recommendations of the stock, 13 Analysts issued a Buy for MoSys, 11 gave Outperform, 7 analysts gave Hold Rating, 0 issued Underperform and 0 marked the stock as Sell. (NYSE:JWN), 6 have Buy rating, 6 Sell and 19 Hold. Therefore 67% are positive. The stock of Pfizer Inc. The firm has "Hold" rating by Susquehanna given on Tuesday, January 23. The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. (NYSE:PFE) earned "Hold" rating by Societe Generale on Wednesday, April 6. As per Tuesday, August 22, the company rating was maintained by BMO Capital Markets. The rating was initiated by Wells Fargo on Wednesday, January 11 with "Market Perform". The rating was initiated by Lake Street on Tuesday, February 14 with "Buy". (NYSE:SAVE) on Monday, November 13 with "Equal-Weight" rating. The company was maintained on Tuesday, December 19 by RBC Capital Markets.

Investors sentiment decreased to 1.05 in Q3 2017. According to the Analysts, the Low Estimate Earnings of the current Quarter is $0.21 whereas, High Estimate is $1.38. 70 funds opened positions while 148 raised stakes. Kamunting Street Capital Mngmt Limited Partnership has 0.42% invested in Spirit Airlines, Inc. Following the completion of the purchase, the director now directly owns 31,453 shares in the company, valued at $5,578,189.55. 447.86 million shares or 0.41% less from 449.71 million shares in 2017Q2 were reported. Sivik Healthcare Lc has 0.06% invested in Kindred Healthcare, Inc. (NYSE:SAVE). Balyasny Asset Ltd Liability reported 0% stake. British Columbia Invest Corp reported 253,942 shares or 0.29% of all its holdings. York Capital Management Global Advisors Llc who had been investing in Nordstrom Inc for a number of months, seems to be less bullish one the $8.44 billion market cap company. (NYSE:SAVE). Price T Rowe Associates Inc Md holds 0% of its portfolio in Spirit Airlines, Inc. Arrow Financial has 0.01% invested in Ford Motor Company (NYSE:F). Nelson Roberts Investment Ltd Liability holds 0.05% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 1,090 shares. Wendell David Assoc invested in 27,750 shares or 0.22% of the stock. Deutsche Bank Ag stated it has 202,634 shares or 0% of all its holdings. Gateway Inv Advisers Llc holds 0.01% or 18,483 shares in its portfolio. It also increased its holding in Time Warner Inc (NYSE:TWX) by 378,781 shares in the quarter, for a total of 3.61 million shares, and has risen its stake in Alere Inc (NYSE:ALR).

Among 17 analysts covering Fastenal (NASDAQ:FAST), 9 have Buy rating, 0 Sell and 8 Hold. Therefore 100% are positive. BidaskClub downgraded Adobe Systems from a "strong-buy" rating to a "buy" rating in a report on Wednesday, December 6th. Piper Jaffray maintained the stock with "Buy" rating in Sunday, August 6 report. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has "Buy" rating given on Monday, December 14 by Argus Research. The company was maintained on Wednesday, September 21 by RBC Capital Markets. Bank of America now has a buy rating on the software company's stock. The stock has "Outperform" rating by Cowen & Co on Wednesday, September 21. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has "Overweight" rating given on Friday, December 11 by KeyBanc Capital Markets. The stock now has an average rating of "Buy" and a consensus target price of $201.26. The rating was maintained by Stifel Nicolaus on Friday, November 10 with "Buy".

Since October 18, 2017, it had 0 insider purchases, and 2 sales for $727,470 activity. $76,232 worth of AMERCO (NASDAQ:UHAL) shares were sold by Brogan John P. 54,488 shares were sold by GARRETT MARK, worth $10.21M. 6,000 shares valued at $293,400 were sold by Charney M Jeffrey on Friday, October 20. GESCHKE CHARLES M sold $3.97M worth of stock. NARAYEN SHANTANU sold $32.66 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, January 24. Arcadia Investment Mngmt Mi has 1.52% invested in Adobe Systems Incorporated (NASDAQ:ADBE).

Investors sentiment decreased to 0.89 in 2017 Q3. Its up 0.01, from 1.1 in 2017Q2. 34 funds opened positions while 66 raised stakes. At present, 0 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data. Cubist Systematic Strategies Limited Liability has 1,842 shares. Hbk Sorce Advisory Limited Com invested 0.11% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). The firm has a market capitalization of $108,997.10, a price-to-earnings ratio of 64.83, a PEG ratio of 2.70 and a beta of 1.10. Wedgewood Partners Inc acquired 230,553 shares as Fastenal Co (FAST)'s stock declined 14.06%. Note, this compares with a consensus analyst forecast of 1.22 in earnings per share for its next fiscal quarterly report. P/E and P/B ratios both are used on a regular basis by the investor to measure the value of the company and to get the right amount of the share.

Among 3 analysts covering Merus (NASDAQ:MRUS), 3 have Buy rating, 0 Sell and 0 Hold. Contravisory Mgmt has invested 0% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Omega Advsrs reported 145,000 shares.

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