Pitcairn Company Decreased Adobe Sys (ADBE) Stake; Bank Of Nova Scotia Has Upped By $165.91 Million Its Apple (AAPL) Holding

February 24, 2018 - By Vivian Currie

Pitcairn Company decreased Adobe Sys Inc (ADBE) stake by 10.25% reported in 2017Q3 SEC filing. Pitcairn Company sold 3,956 shares as Adobe Sys Inc (ADBE)’s stock rose 14.01%. The Pitcairn Company holds 34,655 shares with $5.17M value, down from 38,611 last quarter. Adobe Sys Inc now has $103.10B valuation. The stock increased 3.52% or $7.13 during the last trading session, reaching $209.74. About 2.35M shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since February 24, 2017 and is uptrending. It has outperformed by 25.59% the S&P500.

Bank Of Nova Scotia increased Apple Inc (AAPL) stake by 1958.79% reported in 2017Q3 SEC filing. Bank Of Nova Scotia acquired 1.08M shares as Apple Inc (AAPL)’s stock rose 12.78%. The Bank Of Nova Scotia holds 1.13 million shares with $174.52M value, up from 55,000 last quarter. Apple Inc now has $890.49B valuation. The stock increased 1.74% or $3 during the last trading session, reaching $175.5. About 33.81M shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since February 24, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

Analysts await Adobe Systems Incorporated (NASDAQ:ADBE) to report earnings on March, 15. They expect $1.22 earnings per share, up 56.41% or $0.44 from last year’s $0.78 per share. ADBE’s profit will be $599.73 million for 42.98 P/E if the $1.22 EPS becomes a reality. After $1.05 actual earnings per share reported by Adobe Systems Incorporated for the previous quarter, Wall Street now forecasts 16.19% EPS growth.

Investors sentiment increased to 1.11 in 2017 Q3. Its up 0.01, from 1.1 in 2017Q2. It improved, 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. Raymond James Fin Services Advsrs invested in 23,581 shares. Long Road Inv Counsel Ltd Limited Liability Company invested in 0.73% or 6,900 shares. Accuvest Global Advsr owns 36 shares for 0% of their portfolio. Dekabank Deutsche Girozentrale has invested 0.2% in Adobe Systems Incorporated (NASDAQ:ADBE). Schmidt P J Inv Mngmt Incorporated holds 1,520 shares or 0.07% of its portfolio. Texas Permanent School Fund, a Texas-based fund reported 136,738 shares. Mitsubishi Ufj Tru And Bk Corporation invested in 0.29% or 1.03M shares. Silvercrest Asset Mgmt Gp Ltd Limited Liability Company reported 0.01% in Adobe Systems Incorporated (NASDAQ:ADBE). Sector Pension Invest Board accumulated 55,042 shares. Glob Thematic Prns Ltd Liability Co has invested 1.62% in Adobe Systems Incorporated (NASDAQ:ADBE). Caxton LP holds 20,300 shares. 796 were reported by Cwm Ltd Co. Gamco Et Al has 21,427 shares. Norris Perne And French Llp Mi, a Michigan-based fund reported 61,972 shares. Ubs Asset Mgmt Americas Incorporated holds 3.32M shares or 0.45% of its portfolio.

Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 29 have Buy rating, 0 Sell and 9 Hold. Therefore 76% are positive. Adobe Systems had 140 analyst reports since August 11, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, March 18 report. On Friday, December 11 the stock rating was maintained by Pivotal Research with “Buy”. Canaccord Genuity maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Tuesday, January 23. Canaccord Genuity has “Buy” rating and $220.0 target. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Neutral” rating given on Wednesday, March 9 by Goldman Sachs. As per Wednesday, January 6, the company rating was maintained by Credit Suisse. The rating was maintained by JP Morgan with “Overweight” on Wednesday, October 7. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Buy” rating by Cowen & Co on Wednesday, August 30. The firm has “Buy” rating given on Thursday, March 31 by Canaccord Genuity. Pivotal Research downgraded the stock to “Hold” rating in Thursday, January 12 report. BMO Capital Markets maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Thursday, June 8 with “Buy” rating.

Pitcairn Company increased Cooper Cos Inc (NYSE:COO) stake by 2,642 shares to 4,774 valued at $1.13M in 2017Q3. It also upped Intuitive Surgical Inc (NASDAQ:ISRG) stake by 337 shares and now owns 5,411 shares. Charter Communications Inc N was raised too.

Since September 13, 2017, it had 1 buying transaction, and 14 insider sales for $79.49 million activity. Lewnes Ann had sold 1,953 shares worth $297,032. $1.26M worth of Adobe Systems Incorporated (NASDAQ:ADBE) shares were sold by DILLON MICHAEL A. LAMKIN BRYAN also sold $5.97M worth of Adobe Systems Incorporated (NASDAQ:ADBE) shares. $379,784 worth of stock was sold by THOMPSON MATTHEW on Monday, October 23. Another trade for 29,404 shares valued at $5.81M was made by Morris Donna on Wednesday, January 24. On Wednesday, January 24 the insider NARAYEN SHANTANU sold $32.66 million. Shares for $3.97 million were sold by GESCHKE CHARLES M.

Investors sentiment increased to 0.7 in 2017 Q3. Its up 0.02, from 0.68 in 2017Q2. It is positive, as 52 investors sold AAPL shares while 1034 reduced holdings. 116 funds opened positions while 640 raised stakes. 2.97 billion shares or 2.78% less from 3.06 billion shares in 2017Q2 were reported. Smith Chas P And Associate Pa Cpas holds 4.59% or 208,565 shares. Parametric Associate Llc invested in 12.11 million shares. Finemark Retail Bank And Tru has 2.32% invested in Apple Inc. (NASDAQ:AAPL). Avenir invested in 122,432 shares or 1.62% of the stock. Jane Street Grp Inc Limited Liability Co has 633,655 shares. Ghp Invest Advsrs Inc stated it has 42,385 shares or 0.99% of all its holdings. Mai Capital Mgmt reported 175,009 shares or 1.64% of all its holdings. Cookson Peirce & Co accumulated 167,503 shares. Cahill Finance Advsr owns 19,729 shares or 1.61% of their US portfolio. Goelzer owns 100,417 shares. Bollard Group Incorporated Limited Liability Com holds 0.21% or 26,400 shares in its portfolio. Riverpark Cap Management Limited Liability Co owns 175,050 shares or 3.51% of their US portfolio. Jacobson Schmitt Advsrs Ltd Liability Corporation holds 6,442 shares. Holowesko Partners Limited has 272,000 shares. Bangor Natl Bank accumulated 19,736 shares or 0.62% of the stock.

Among 53 analysts covering Apple Inc. (NASDAQ:AAPL), 34 have Buy rating, 1 Sell and 18 Hold. Therefore 64% are positive. Apple Inc. had 378 analyst reports since July 21, 2015 according to SRatingsIntel. BMO Capital Markets maintained Apple Inc. (NASDAQ:AAPL) rating on Wednesday, September 13. BMO Capital Markets has “Buy” rating and $180.0 target. Nomura maintained the stock with “Buy” rating in Wednesday, September 6 report. As per Thursday, August 11, the company rating was maintained by RBC Capital Markets. The stock of Apple Inc. (NASDAQ:AAPL) earned “Buy” rating by Nomura on Friday, September 11. The stock has “Hold” rating by KeyBanc Capital Markets on Wednesday, June 28. The firm earned “Outperform” rating on Monday, January 11 by Oppenheimer. The firm has “Overweight” rating given on Wednesday, April 27 by Barclays Capital. As per Thursday, July 27, the company rating was maintained by Needham. The firm has “Buy” rating by BTIG Research given on Wednesday, March 1. The firm has “Buy” rating given on Wednesday, October 26 by Drexel Hamilton.

Bank Of Nova Scotia decreased Sempra Energy (NYSE:SRE) stake by 12,942 shares to 43,994 valued at $5.02M in 2017Q3. It also reduced Xcel Energy Inc (NYSE:XEL) stake by 57,583 shares and now owns 88,983 shares. Conagra Brands Inc (NYSE:CAG) was reduced too.

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