Published: Sun, March 11, 2018
Technology | By Christopher Mann

Sysco Corporation, (NYSE: SYY), Adobe Systems Incorporated, (NASDAQ: ADBE) - Rocking Stocks


The stock exchanged hands with a volume of 2.28 million shares compared to its standard daily volume.

Gemmer Asset Management Llc increased its stake in Adobe Sys Inc (ADBE) by 75.35% based on its latest 2017Q3 regulatory filing with the SEC. Tremblant Capital Group sold 84,351 shares as Realogy Hldgs Corp (RLGY)'s stock rose 10.11%. The institutional investor held 20,078 shares of the prepackaged software company at the end of 2017Q3, valued at $3.00 million, up from 16,384 at the end of the previous reported quarter. Triangle Securities Wealth Management who had been investing in Adobe Sys Inc for a number of months, seems to be bullish on the $109.08B market cap company. Adobe Systems Incorporated (ADBE) stock price moved downswing along with the volume 2.28 million shares in Thursday session. GESCHKE CHARLES M had sold 21,276 shares worth $3.97 million on Wednesday, January 10.

Adobe Systems (NASDAQ:ADBE) was upgraded by Zacks Investment Research from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Tuesday, February 13th. It has outperformed by 25.59% the S&P500. RBC Capital Markets maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, February 8 with "Outperform" rating. The company's quarterly revenue was up 24.8% compared to the same quarter past year. Conestoga Capital Ltd reported 0.01% in Adobe Systems Incorporated (NASDAQ:ADBE). Eight research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. Therefore 61% are positive. Gibraltar Industries had 11 analyst reports since September 5, 2015 according to SRatingsIntel. The stock now has an average rating of "Buy" and a consensus target price of $198.94. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has "Buy" rating given on Tuesday, August 22 by Canaccord Genuity. The firm has "Neutral" rating given on Tuesday, August 25 by Robert W. Baird. As per Friday, June 24, the company rating was initiated by Cowen & Co.

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In other news, EVP Michael A. Dillon sold 18,079 shares of the stock in a transaction on Monday, February 5th. BMO Capital Markets maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Thursday, October 19. The company has a market capitalization of $111,460.00, a PE ratio of 65.42, a price-to-earnings-growth ratio of 2.64 and a beta of 1.10. (NYSE:XPO) rating on Monday, October 2. The firm has "Hold" rating given on Friday, December 11 by Wunderlich.

Since September 13, 2017, it had 1 insider purchase, and 14 selling transactions for $79.49 million activity. Brinker Cap has 0.04% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 7,118 shares. Moreover, Motco has 0.01% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Rathbone Brothers Public Limited Liability Corp invested in 231,670 shares or 1.5% of the stock. In the last 90 days, insiders have sold 351,199 shares of company stock worth $67,326,422. WARNOCK JOHN E sold $1.18M worth of stock.

Melvin Capital Management Lp increased Carvana Co stake by 300,000 shares to 975,000 valued at $14.31M in 2017Q3. BB&T Investment Services Inc. increased its stake in shares of Adobe Systems by 42.4% during the third quarter. The software company reported $1.26 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.10. It is positive, as 27 investors sold AEIS shares while 101 reduced holdings. Lazard Asset Management LLC raised its stake in shares of Adobe Systems by 21.2% during the fourth quarter. During the same quarter in the previous year, the company earned $0.90 earnings per share. Gsa Cap Limited Liability Partnership reported 19,375 shares or 0.2% of all its holdings. Cleararc holds 0.47% in Union Pacific Corporation (NYSE:UNP) or 26,757 shares. 3,700 were accumulated by Wealth Architects Limited Liability Company. Commerce Savings Bank reported 224,699 shares.

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Nomura owns 117,325 shares for 0.04% of their portfolio. As per Friday, September 15, the company rating was downgraded by Credit Suisse. Eulav Asset Mgmt invested in 0.08% or 24,000 shares.

Investors sentiment increased to 0.94 in 2017 Q3. Hartford reported 1,770 shares stake. Us Savings Bank De owns 757 shares or 0% of their US portfolio. The Illinois-based Hightower Lc has invested 0.09% in CSX Corporation (NASDAQ:CSX). (NYSE:XPO). 3,610 are held by Boothbay Fund Mngmt. Moreover, Tdam Usa has 0.07% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Atalanta Sosnoff Cap Limited Liability Com has invested 1.73% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). It also reduced its holding in Teleflex Incorporated (NYSE:TFX) by 2,290 shares in the quarter, leaving it with 102,838 shares, and cut its stake in Micron Technology Inc (NASDAQ:MU). Northcoast has "Buy" rating and $197.0 target. Therefore 66% are positive. Cisco Systems Inc. had 152 analyst reports since August 4, 2015 according to SRatingsIntel. Goldman Sachs maintained it with "Neutral" rating and $100 target in Friday, March 18 report. The firm has "Buy" rating by Deutsche Bank given on Wednesday, March 23. The company was maintained on Wednesday, September 20 by Wells Fargo. The stock has "Buy" rating by RBC Capital Markets on Thursday, June 15. The stock has "Buy" rating by Dougherty & Company on Thursday, January 14.

Since September 29, 2017, it had 0 buys, and 8 insider sales for $42.50 million activity. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 257,118 shares of the software company's stock worth $45,057,000 after purchasing an additional 3,176 shares in the last quarter. Shares for $918,460 were sold by Ward Thomas J. Gradient Invs Ltd stated it has 2,532 shares. On Monday, October 30 Barrett David M sold $1.09 million worth of C.R. Bard, Inc. Amica Pension Fund Board Of Trustees invested in 0.23% or 12,767 shares. Shares for $379,784 were sold by THOMPSON MATTHEW.

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Investors sentiment decreased to 0.89 in 2017 Q3. Its down 0.22, from 1.11 in 2017Q2. It increased, as 28 investors sold XPO shares while 76 reduced holdings. 97 funds opened positions while 258 raised stakes. The United Kingdom-based Glg Prns Lp has invested 0.96% in C.R. Bard, Inc. The North Carolina-based Boys Arnold And Incorporated has invested 0.11% in Union Pacific Corporation (NYSE:UNP). Cambridge Advsrs accumulated 26,676 shares. The shares were sold at an average price of $187.38, for a total transaction of $10,209,961.44. Hollencrest Secs Ltd Liability Corp owns 4,184 shares. Insiders own 0.38% of the company's stock. State Of Tennessee Treasury Department reported 35,311 shares stake. Deroy Devereaux Private Counsel Inc holds 0.03% of its portfolio in CSX Corporation (NASDAQ:CSX) for 4,150 shares. Commonwealth Bank Of Aus invested in 11,088 shares. (NYSE:BCR). Chevy Chase has invested 0.09% in C.R. Bard, Inc. If a buyer buys one share of stock from a seller, then that one share is added to the total volume of that particular stock. British Columbia Invest Mgmt has 0.2% invested in Morgan Stanley (NYSE:MS).

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