Pinnacle Financial Partners Inc. Has $442000 Stake in Adobe Systems Incorporated (ADBE)

Pinnacle Financial Partners Inc. Has $442000 Stake in Adobe Systems Incorporated (ADBE)

The institutional investor held 1,695 shares of the prepackaged software company at the end of 2017Q2, valued at $240,000, down from 5,245 at the end of the previous reported quarter. The Firm has ATR of 2.22 that is explaining range of a day's trading is high-low; ATR expands it to yesterday's closing price. The stock rose 0.49% or $0.4 reaching $81.34 per share. The original version of this report can be viewed at https://www.truebluetribune.com/2017/10/11/janus-henderson-group-plc-has-1-59-billion-stake-in-adobe-systems-incorporated-adbe.html. It has underperformed by 16.70% the S&P500. (ADBE) by 3.22% based on its latest 2017Q2 regulatory filing with the SEC. Jpmorgan Chase & Company sold 1.32M shares as Adobe Sys Inc (ADBE)'s stock rose 14.01%. Foundry Partners Llc who had been investing in Adobe Systems Inc for a number of months, seems to be less bullish one the $75.00B market cap company. About 163,261 shares traded.

Adobe Systems Incorporated had its "outperform" rating reiterated by analysts at Cowen. It has outperformed by 25.59% the S&P500.

Investors sentiment increased to 0.98 in Q2 2017. Guardian Life Insurance Co. of America boosted its stake in shares of Adobe Systems by 0.7% in the 1st quarter. It increased, as 62 investors sold DG shares while 193 reduced holdings. Kernodle & Katon Asset Management Group LLC raised its stake in Adobe Systems by 69.8% in the third quarter. 240.50 million shares or 4.61% more from 229.90 million shares in 2017Q1 were reported. Columbia Asset Mgmt reported 13,520 shares stake. BMO Capital Markets maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Thursday, June 8. Baystate Wealth Limited Liability Company reported 20 shares stake. 86,386 were accumulated by Pennsylvania Company. Grantham Mayo Van Otterloo & Lc accumulated 0.05% or 70,100 shares. 2,955 were reported by Cubist Systematic Strategies Lc. Hbk Sorce Advisory Ltd Limited Liability Company owns 5,160 shares for 0.12% of their portfolio. Natl Asset Management Incorporated stated it has 5,390 shares.

Shares of Adobe Systems Incorporated (ADBE) opened at 152.15 on Wednesday. Following the completion of the transaction, the executive vice president now owns 68,643 shares of the company's stock, valued at $8,580,375.

ADBE's EVP, Chief Marketing Officer Lewnes Ann Sell 1953 shares of the company at a price of $155.88 on 2017-09-13.

Adobe Systems Incorporated (NasdaqGS:ADBE) now has a Montier C-score of 2. Zacks Investment Research lowered shares of Adobe Systems from a "hold" rating to a "sell" rating in a research report on Wednesday, March 1st. Therefore 79% are positive. The firm has "Underperform" rating given on Wednesday, September 7 by Wolfe Research. The firm has "Overweight" rating by Stephens given on Wednesday, August 10. On Tuesday, March 22 the stock rating was initiated by Sterne Agee CRT with "Neutral". FBR Capital maintained it with "Mkt Perform" rating and $87 target in Wednesday, October 7 report. Vetr cut shares of Adobe Systems from a "strong-buy" rating to a "buy" rating and set a $157.24 price objective for the company.in a research note on Tuesday, June 20th. As per Wednesday, September 21, the company rating was maintained by Cowen & Co. RBC Capital Markets maintained the stock with "Buy" rating in Sunday, October 8 report. The company has an average rating of "Buy" and an average price target of $137.67.

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More notable recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Seekingalpha.com which released: "Adobe - The Reason The Shares Are Correcting" on September 20, 2017, also Seekingalpha.com with their article: "Adobe: Beat-And-Raise Met With Little Enthusiasm" published on September 20, 2017, Seekingalpha.com published: "Adobe: Digitally Transformed In The Cloud" on September 22, 2017. The ERP5 Rank is an investment tool that analysts use to discover undervalued companies. Therefore 84% are positive. Canaccord Genuity upgraded Rockwell Collins, Inc. The stock of Rockwell Collins, Inc. The rating was maintained by Citigroup with "Buy" on Friday, March 18. The company was maintained on Friday, September 1 by Jefferies. The rating was maintained by Needham with "Buy" on Thursday, July 27. On Tuesday, December 22 the stock rating was maintained by Barclays Capital with "Equal-Weight". RBC Capital Markets maintained Rockwell Collins, Inc.

09/20/2017 - Adobe Systems Incorporated had its "market outperform" rating reiterated by analysts at JMP Securities.

More recent Cintas Corporation (NASDAQ:CTAS) news were published by: Thestreet.com which released: "Cintas Looks Unstoppable" on September 27, 2017. General Electric Co (NYSE:GE) was reduced too. More interesting news about Rockwell Collins, Inc. The firm had a rise in short interest of 4.88% between August 31, 2017 and September 15, 2017. (NYSE:DG). San Francisco Sentry Investment Grp (Ca) reported 4,780 shares or 0.12% of all its holdings.

A number of other hedge funds have also recently bought and sold shares of the company. KING BRUCE MICHAEL also sold $265,200 worth of Rockwell Collins, Inc.

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