Adobe Systems (ADBE) Shareholder Dsm Capital Partners Has Decreased Its Stake; Amgen (AMGN) Shareholder Valley National Advisers Upped Its Stake by $1.43 Million as Shares Declined

November 15, 2017 - By Louis Casey

Dsm Capital Partners Llc decreased its stake in Adobe Systems (ADBE) by 4.07% based on its latest 2017Q2 regulatory filing with the SEC. Dsm Capital Partners Llc sold 89,527 shares as the company’s stock rose 14.01% with the market. The hedge fund held 2.11M shares of the prepackaged software company at the end of 2017Q2, valued at $298.36 million, down from 2.20M at the end of the previous reported quarter. Dsm Capital Partners Llc who had been investing in Adobe Systems for a number of months, seems to be less bullish one the $89.38 billion market cap company. The stock decreased 0.29% or $0.53 during the last trading session, reaching $181.32. About 81 shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since November 15, 2016 and is uptrending. It has outperformed by 25.59% the S&P500.

Valley National Advisers Inc increased its stake in Amgen Inc (AMGN) by 837.83% based on its latest 2017Q2 regulatory filing with the SEC. Valley National Advisers Inc bought 8,328 shares as the company’s stock declined 9.68% while stock markets rallied. The institutional investor held 9,322 shares of the biological products (no diagnostic substances) company at the end of 2017Q2, valued at $1.61 million, up from 994 at the end of the previous reported quarter. Valley National Advisers Inc who had been investing in Amgen Inc for a number of months, seems to be bullish on the $123.50B market cap company. The stock decreased 0.80% or $1.37 during the last trading session, reaching $170.13. About 226 shares traded. Amgen, Inc. (NASDAQ:AMGN) has risen 5.27% since November 15, 2016 and is uptrending. It has underperformed by 11.43% the S&P500.




Dsm Capital Partners Llc, which manages about $5.78 billion and $6.74B US Long portfolio, upped its stake in Sirius Xm Holdings (NASDAQ:SIRI) by 904,642 shares to 28.19M shares, valued at $154.21M in 2017Q2, according to the filing. It also increased its holding in Zoetis (NYSE:ZTS) by 217,609 shares in the quarter, for a total of 4.63 million shares, and has risen its stake in Royal Caribbean Cruises (NYSE:RCL).

Since June 14, 2017, it had 0 insider purchases, and 1 insider sale for $311,035 activity.

Analysts await Adobe Systems Incorporated (NASDAQ:ADBE) to report earnings on December, 21. They expect $0.96 EPS, up 15.66% or $0.13 from last year’s $0.83 per share. ADBE’s profit will be $473.22M for 47.22 P/E if the $0.96 EPS becomes a reality. After $0.90 actual EPS reported by Adobe Systems Incorporated for the previous quarter, Wall Street now forecasts 6.67% EPS growth.

More notable recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Seekingalpha.com which released: “Adobe urges users patch Flash after malware attack; shares -” on October 16, 2017, also Fool.com with their article: “Why Adobe Systems Incorporated Stock Popped 17.4% in October” published on November 14, 2017, Finance.Yahoo.com published: “3 Big Stock Charts for Monday: Apple Inc., Adobe Systems Incorporated and …” on October 16, 2017. More interesting news about Adobe Systems Incorporated (NASDAQ:ADBE) were released by: Investorplace.com and their article: “Watch Adobe Systems Incorporated (ADBE) Stock Enter the AI Game in a Big Way” published on October 30, 2017 as well as Investorplace.com‘s news article titled: “Adobe Systems Incorporated Will Head Higher — Much Higher” with publication date: October 19, 2017.

Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 30 have Buy rating, 0 Sell and 8 Hold. Therefore 79% are positive. Adobe Systems had 124 analyst reports since August 11, 2015 according to SRatingsIntel. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Buy” rating given on Thursday, October 19 by Stifel Nicolaus. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Buy” rating by Cowen & Co on Thursday, October 19. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Neutral” rating by Robert W. Baird on Tuesday, August 25. The company was maintained on Friday, December 11 by FBR Capital. The stock has “Buy” rating by Bank of America on Thursday, October 19. On Wednesday, January 11 the stock rating was initiated by Wells Fargo with “Market Perform”. RBC Capital Markets maintained it with “Outperform” rating and $116 target in Wednesday, September 21 report. The rating was maintained by Goldman Sachs with “Neutral” on Wednesday, March 9. The firm has “Buy” rating by Dougherty & Company given on Thursday, January 14. As per Friday, October 2, the company rating was maintained by RBC Capital Markets.

Investors sentiment increased to 1.1 in 2017 Q2. Its up 0.10, from 1 in 2017Q1. It improved, as 49 investors sold ADBE shares while 326 reduced holdings. 117 funds opened positions while 294 raised stakes. 418.45 million shares or 0.88% less from 422.18 million shares in 2017Q1 were reported. Fiduciary Fincl Of The Southwest Inc Tx reported 2,286 shares stake. Moreover, California State Teachers Retirement System has 0.27% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Saturna Corp reported 2.51% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Homrich Berg holds 0.02% in Adobe Systems Incorporated (NASDAQ:ADBE) or 1,738 shares. Commonwealth Of Pennsylvania School Empls Retrmt holds 0.08% or 36,753 shares. Richard Bernstein Ltd Liability Company owns 0.3% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 27,979 shares. Natl Bank Of Hawaii holds 4,330 shares or 0.05% of its portfolio. Cullen Frost Bankers has invested 0.24% in Adobe Systems Incorporated (NASDAQ:ADBE). De Burlo Group owns 104,200 shares or 3.29% of their US portfolio. Moreover, Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Mngmt has 0.25% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 189,200 shares. California-based Meridian Investment Counsel has invested 0.66% in Adobe Systems Incorporated (NASDAQ:ADBE). Grandfield & Dodd Limited has 13,060 shares. Integral Derivatives Lc holds 0.04% or 14,098 shares in its portfolio. Atalanta Sosnoff Capital Limited Co invested in 1.22% or 244,293 shares. M&T Bank & Trust Corporation invested 0.07% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE).

Among 22 analysts covering Amgen Inc. (NASDAQ:AMGN), 10 have Buy rating, 0 Sell and 12 Hold. Therefore 45% are positive. Amgen Inc. had 72 analyst reports since August 3, 2015 according to SRatingsIntel. The stock has “Buy” rating by BMO Capital Markets on Friday, July 21. On Friday, February 5 the stock rating was initiated by Leerink Swann with “Market Perform”. Bank of America upgraded the shares of AMGN in report on Wednesday, February 1 to “Buy” rating. As per Friday, September 22, the company rating was maintained by BMO Capital Markets. The firm has “Hold” rating given on Friday, August 26 by Gabelli. Bernstein initiated Amgen, Inc. (NASDAQ:AMGN) on Wednesday, June 29 with “Market Perform” rating. The stock has “Outperform” rating by Oppenheimer on Tuesday, December 13. The stock of Amgen, Inc. (NASDAQ:AMGN) has “Buy” rating given on Monday, September 7 by UBS. The rating was maintained by Oppenheimer with “Buy” on Tuesday, August 29. The company was initiated on Wednesday, January 20 by Credit Suisse.

More notable recent Amgen, Inc. (NASDAQ:AMGN) news were published by: Nasdaq.com which released: “Halbert, Hargrove Buys Apple Inc, DowDuPont Inc, Amgen Inc, Sells PIMCO …” on November 02, 2017, also Nasdaq.com with their article: “Amgen is Oversold” published on November 14, 2017, Seekingalpha.com published: “Value System: Amgen Looks Undervalued” on October 18, 2017. More interesting news about Amgen, Inc. (NASDAQ:AMGN) were released by: Reuters.com and their article: “Amgen quarterly profit tops expectations despite sales decline” published on October 25, 2017 as well as Nasdaq.com‘s news article titled: “Ex-Dividend Reminder: US Physical Therapy, Allergan and Amgen” with publication date: November 14, 2017.

Valley National Advisers Inc, which manages about $555.94M and $278.34M US Long portfolio, decreased its stake in Mcdonalds Corp (NYSE:MCD) by 2,588 shares to 26,127 shares, valued at $4.00M in 2017Q2, according to the filing. It also reduced its holding in Rogers Communications Inc (NYSE:RCI) by 17,413 shares in the quarter, leaving it with 2,672 shares, and cut its stake in Philip Morris Intl Inc (NYSE:PM).

Since May 24, 2017, it had 0 buys, and 2 selling transactions for $1.02 million activity. $451,164 worth of Amgen, Inc. (NASDAQ:AMGN) shares were sold by Patton Cynthia M.

Investors sentiment decreased to 1.15 in Q2 2017. Its down 0.10, from 1.25 in 2017Q1. It turned negative, as 72 investors sold AMGN shares while 463 reduced holdings. 100 funds opened positions while 517 raised stakes. 557.32 million shares or 1.16% less from 563.88 million shares in 2017Q1 were reported. Cardinal Capital Mgmt owns 4,050 shares or 0.07% of their US portfolio. 328,927 were accumulated by Profund Advsrs Ltd Liability Company. Cap City Com Fl holds 4,795 shares or 0.32% of its portfolio. Stephens Inc Ar holds 0.13% of its portfolio in Amgen, Inc. (NASDAQ:AMGN) for 22,110 shares. Waddell & Reed Fincl holds 0.09% or 243,611 shares in its portfolio. Check Cap Management Inc Ca reported 3,080 shares stake. Marshwinds Advisory Com owns 2.26% invested in Amgen, Inc. (NASDAQ:AMGN) for 27,767 shares. Spinnaker Tru reported 0.19% of its portfolio in Amgen, Inc. (NASDAQ:AMGN). Everett Harris Ca owns 15,278 shares for 0.08% of their portfolio. Seaward Mngmt Lp, Massachusetts-based fund reported 57,150 shares. Pathstone Family Office Ltd Limited Liability Company has invested 0.07% of its portfolio in Amgen, Inc. (NASDAQ:AMGN). Bnp Paribas Asset Management has 122,881 shares. Gratry And Co Limited Liability Corporation holds 0.35% of its portfolio in Amgen, Inc. (NASDAQ:AMGN) for 1,645 shares. Mitchell Mcleod Pugh And Williams owns 5,156 shares or 0.67% of their US portfolio. Third Avenue Mngmt Ltd invested in 210,430 shares or 1.61% of the stock.

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