As Adobe Sys (ADBE) Stock Value Rose, Crestwood Capital Management LP Has Lifted Holding by $1.09 Million; Neogenomics (NEO) Holder Penn Capital Management Co Has Raised Stake

December 24, 2017 - By Vivian Park

Scott A. Bedford increased its stake in Neogenomics Inc (NEO) by 45.8% based on its latest 2017Q3 regulatory filing with the SEC. Penn Capital Management Co Inc bought 127,903 shares as the company’s stock declined 8.15% while stock markets rallied. The hedge fund run by Scott A. Bedford held 407,159 shares of the health care company at the end of 2017Q3, valued at $4.53M, up from 279,256 at the end of the previous reported quarter. Penn Capital Management Co Inc who had been investing in Neogenomics Inc for a number of months, seems to be bullish on the $724.49 million market cap company. It closed at $9.01 lastly. It is up 13.46% since December 24, 2016 and is downtrending. It has underperformed by 30.16% the S&P500.

Michael R. Weisberg increased its stake in Adobe Sys Inc (ADBE) by 11.25% based on its latest 2017Q3 regulatory filing with the SEC. Crestwood Capital Management Lp bought 7,290 shares as the company’s stock rose 14.01% with the market. The hedge fund run by Michael R. Weisberg held 72,090 shares of the prepackaged software company at the end of 2017Q3, valued at $10.75 million, up from 64,800 at the end of the previous reported quarter. Crestwood Capital Management Lp who had been investing in Adobe Sys Inc for a number of months, seems to be bullish on the $86.27B market cap company. The stock increased 0.25% or $0.44 during the last trading session, reaching $175. About 1.70M shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since December 24, 2016 and is uptrending. It has outperformed by 25.59% the S&P500.

Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 29 have Buy rating, 0 Sell and 9 Hold. Therefore 76% are positive. Adobe Systems had 133 analyst reports since August 11, 2015 according to SRatingsIntel. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Buy” rating by Wunderlich on Wednesday, June 21. The firm has “Equal-Weight” rating given on Wednesday, September 21 by Morgan Stanley. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Buy” rating by Piper Jaffray on Monday, October 16. The firm has “Buy” rating given on Wednesday, October 7 by Deutsche Bank. The stock has “Neutral” rating by Goldman Sachs on Wednesday, March 9. The firm earned “Overweight” rating on Tuesday, July 26 by Piper Jaffray. As per Friday, December 11, the company rating was maintained by RBC Capital Markets. As per Wednesday, September 20, the company rating was maintained by Canaccord Genuity. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Buy” rating by Canaccord Genuity on Thursday, December 14. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Buy” rating given on Wednesday, June 22 by Rosenblatt.

Crestwood Capital Management Lp, which manages about $1.75B and $186.98 million US Long portfolio, decreased its stake in Visa Inc (NYSE:V) by 10,800 shares to 97,213 shares, valued at $10.23M in 2017Q3, according to the filing. It also reduced its holding in Middleby Corp (NASDAQ:MIDD) by 4,660 shares in the quarter, leaving it with 54,210 shares, and cut its stake in Five Below Inc (NASDAQ:FIVE).

Since August 9, 2017, it had 1 buy, and 6 sales for $2.59 million activity. WARNOCK JOHN E had sold 6,800 shares worth $1.18 million on Friday, October 20. $199,520 worth of Adobe Systems Incorporated (NASDAQ:ADBE) was bought by Banse Amy on Monday, December 18. 2,190 Adobe Systems Incorporated (NASDAQ:ADBE) shares with value of $379,784 were sold by THOMPSON MATTHEW.

Investors sentiment increased to 1.11 in 2017 Q3. Its up 0.01, from 1.1 in 2017Q2. It increased, as 42 investors sold ADBE shares while 327 reduced holdings. 97 funds opened positions while 312 raised stakes. 414.95 million shares or 0.84% less from 418.45 million shares in 2017Q2 were reported. Newbrook Cap Advisors Lp holds 2.91% in Adobe Systems Incorporated (NASDAQ:ADBE) or 269,383 shares. Mar Vista Prtn Ltd Llc owns 464,119 shares for 2.88% of their portfolio. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Corporation invested in 92,000 shares. 7,667 were reported by Northwestern Mutual Wealth Mgmt. Winslow Cap Management Limited Liability Com holds 0.7% or 876,543 shares. Solaris Asset Ltd Liability owns 32,534 shares. Gam Hldgs Ag has 0.48% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Firsthand Inc has 1.99% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Stifel Finance Corporation stated it has 497,809 shares. Tiger Eye Capital Ltd Llc holds 101,433 shares or 2.24% of its portfolio. Comml Bank Of Mellon Corp holds 0.53% or 13.01M shares in its portfolio. Global X Limited Liability owns 3,451 shares. Northcoast Asset Ltd reported 1.84% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Employees Retirement Systems Of Texas has invested 0.41% in Adobe Systems Incorporated (NASDAQ:ADBE). Regions Corporation has invested 0.04% in Adobe Systems Incorporated (NASDAQ:ADBE).

Investors sentiment increased to 1.28 in Q3 2017. Its up 0.10, from 1.18 in 2017Q2. It increased, as 11 investors sold NEO shares while 36 reduced holdings. 21 funds opened positions while 39 raised stakes. 62.50 million shares or 3.94% more from 60.13 million shares in 2017Q2 were reported. Columbus Circle holds 0.08% or 429,372 shares in its portfolio. 70,042 were accumulated by Fulton State Bank Na. Strs Ohio stated it has 300,000 shares or 0.01% of all its holdings. Phocas accumulated 514,143 shares. Morgan Stanley invested in 477,867 shares or 0% of the stock. Voya Lc holds 29,333 shares. Granite Inv Partners Lc has 1.37% invested in NeoGenomics, Inc. (NASDAQ:NEO). Alliancebernstein Ltd Partnership has invested 0% in NeoGenomics, Inc. (NASDAQ:NEO). Peak6 Investments Ltd Partnership reported 0% in NeoGenomics, Inc. (NASDAQ:NEO). Rmb Capital Management Limited reported 0.19% of its portfolio in NeoGenomics, Inc. (NASDAQ:NEO). Price T Rowe Associate Incorporated Md has invested 0% of its portfolio in NeoGenomics, Inc. (NASDAQ:NEO). Great West Life Assurance Company Can invested in 6,400 shares. Next Century Growth Investors holds 2.62% or 1.96M shares in its portfolio. Campbell And Adviser Lc has invested 0.19% in NeoGenomics, Inc. (NASDAQ:NEO). Tower Rech Cap Ltd Limited Liability Company (Trc) reported 0% in NeoGenomics, Inc. (NASDAQ:NEO).

Penn Capital Management Co Inc, which manages about $7.64 billion and $1.37B US Long portfolio, decreased its stake in Yrc Worldwide Inc (NASDAQ:YRCW) by 79,436 shares to 364,185 shares, valued at $5.03 million in 2017Q3, according to the filing. It also reduced its holding in Model N Inc (NYSE:MODN) by 116,585 shares in the quarter, leaving it with 592,788 shares, and cut its stake in Goodrich Pete Corp.

Among 11 analysts covering NeoGenomics (NASDAQ:NEO), 9 have Buy rating, 1 Sell and 1 Hold. Therefore 82% are positive. NeoGenomics had 17 analyst reports since September 3, 2015 according to SRatingsIntel. TH Capital reinitiated it with “Buy” rating and $10.0 target in Monday, October 26 report. The rating was maintained by William Blair with “Outperform” on Sunday, September 6. BTIG Research maintained NeoGenomics, Inc. (NASDAQ:NEO) rating on Friday, May 26. BTIG Research has “Buy” rating and $1100 target. As per Friday, March 11, the company rating was initiated by Benchmark. The rating was downgraded by Axiom Capital on Wednesday, November 16 to “Sell”. The stock has “Buy” rating by Cantor Fitzgerald on Friday, May 26. The stock of NeoGenomics, Inc. (NASDAQ:NEO) has “Neutral” rating given on Monday, September 11 by BTIG Research. The company was reinitiated on Wednesday, May 11 by Roth Capital. First Analysis initiated it with “Overweight” rating and $11 target in Tuesday, October 4 report. The stock of NeoGenomics, Inc. (NASDAQ:NEO) earned “Buy” rating by Roth Capital on Thursday, September 3.