As Tractor Supply Co Com (TSCO) Stock Value Declined, Redmond Asset Management Has Increased Holding by $5.51 Million; Adobe Sys (ADBE) Shareholder Chase Investment Counsel Has Lowered Position

February 17, 2018 - By Adrian Mccoy

Chase Investment Counsel Corp decreased its stake in Adobe Sys Inc (ADBE) by 14.16% based on its latest 2017Q3 regulatory filing with the SEC. Chase Investment Counsel Corp sold 7,145 shares as the company’s stock rose 14.01% with the market. The institutional investor held 43,306 shares of the prepackaged software company at the end of 2017Q3, valued at $6.46M, down from 50,451 at the end of the previous reported quarter. Chase Investment Counsel Corp who had been investing in Adobe Sys Inc for a number of months, seems to be less bullish one the $99.08B market cap company. The stock decreased 0.69% or $1.41 during the last trading session, reaching $201.56. About 2.17 million shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since February 17, 2017 and is uptrending. It has outperformed by 25.59% the S&P500.




Redmond Asset Management Llc increased its stake in Tractor Supply Co Com (TSCO) by 570.88% based on its latest 2017Q3 regulatory filing with the SEC. Redmond Asset Management Llc bought 87,527 shares as the company’s stock declined 20.24% while stock markets rallied. The institutional investor held 102,859 shares of the building materials company at the end of 2017Q3, valued at $6.51M, up from 15,332 at the end of the previous reported quarter. Redmond Asset Management Llc who had been investing in Tractor Supply Co Com for a number of months, seems to be bullish on the $8.45B market cap company. The stock decreased 2.63% or $1.82 during the last trading session, reaching $67.32. About 1.91 million shares traded. Tractor Supply Company (NASDAQ:TSCO) has declined 37.89% since February 17, 2017 and is downtrending. It has underperformed by 54.59% the S&P500.

Analysts await Adobe Systems Incorporated (NASDAQ:ADBE) to report earnings on March, 15. They expect $1.06 EPS, up 35.90% or $0.28 from last year’s $0.78 per share. ADBE’s profit will be $521.08M for 47.54 P/E if the $1.06 EPS becomes a reality. After $1.05 actual EPS reported by Adobe Systems Incorporated for the previous quarter, Wall Street now forecasts 0.95% EPS growth.

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. Mitchell Mcleod Pugh & Williams Inc holds 1.38% or 12,554 shares in its portfolio. Axa reported 0.32% in Adobe Systems Incorporated (NASDAQ:ADBE). Sei holds 0.46% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 862,569 shares. Castleark Management Limited Liability Company accumulated 0.68% or 144,649 shares. Coastline stated it has 0.87% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Lombard Odier Asset Management (Europe) Limited reported 5,825 shares. Moreover, Lodge Hill Cap Ltd Liability Corporation has 0.79% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 70,000 shares. Atalanta Sosnoff Capital Ltd Liability holds 1.73% or 334,141 shares. Northwestern Mutual Wealth holds 7,667 shares or 0.01% of its portfolio. Massachusetts-based Numeric Investors Lc has invested 0.89% in Adobe Systems Incorporated (NASDAQ:ADBE). Brinker Cap owns 0.04% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 7,118 shares. Gulf Bank (Uk) Limited reported 0.31% in Adobe Systems Incorporated (NASDAQ:ADBE). Tdam Usa stated it has 7,877 shares or 0.07% of all its holdings. Victory Capital Management, a Ohio-based fund reported 91,331 shares. Amica Pension Fund Board Of Trustees invested 0.23% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE).

Since September 13, 2017, it had 1 buy, and 14 selling transactions for $79.49 million activity. Lewnes Ann had sold 1,953 shares worth $304,434 on Wednesday, September 13. Shares for $1.18M were sold by WARNOCK JOHN E on Friday, October 20. $379,784 worth of Adobe Systems Incorporated (NASDAQ:ADBE) shares were sold by THOMPSON MATTHEW. GARRETT MARK sold $10.21M worth of stock or 54,488 shares. DILLON MICHAEL A sold $3.51 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) on Monday, February 5. On Wednesday, January 10 the insider GESCHKE CHARLES M sold $3.97 million.

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. Jefferies maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, September 20 with “Buy” rating. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Overweight” rating given on Wednesday, October 14 by Atlantic Securities. The firm has “Buy” rating by BMO Capital Markets given on Tuesday, June 20. The stock has “Buy” rating by Citigroup on Friday, March 18. On Friday, June 24 the stock rating was initiated by Cowen & Co with “Outperform”. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Hold” rating by J.P. Morgan on Tuesday, December 12. Deutsche Bank maintained the shares of ADBE in report on Tuesday, December 8 with “Buy” rating. JP Morgan maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Friday, December 11. JP Morgan has “Overweight” rating and $100 target. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Buy” rating given on Wednesday, January 24 by Jefferies. Credit Suisse maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, January 6 with “Neutral” rating.

Among 29 analysts covering Tractor Supply (NASDAQ:TSCO), 5 have Buy rating, 1 Sell and 23 Hold. Therefore 17% are positive. Tractor Supply had 76 analyst reports since July 23, 2015 according to SRatingsIntel. Suntrust Robinson downgraded Tractor Supply Company (NASDAQ:TSCO) on Friday, February 3 to “Hold” rating. The firm has “Neutral” rating given on Thursday, September 8 by Piper Jaffray. The firm earned “Buy” rating on Friday, August 25 by Robert W. Baird. The stock of Tractor Supply Company (NASDAQ:TSCO) earned “Hold” rating by RBC Capital Markets on Monday, February 12. The rating was initiated by Guggenheim with “Buy” on Tuesday, June 14. The stock of Tractor Supply Company (NASDAQ:TSCO) has “Outperform” rating given on Wednesday, January 13 by Telsey Advisory Group. The firm has “Neutral” rating by JP Morgan given on Wednesday, April 12. The rating was downgraded by UBS to “Neutral” on Monday, October 2. The firm has “Hold” rating given on Friday, September 8 by RBC Capital Markets. KeyBanc Capital Markets maintained Tractor Supply Company (NASDAQ:TSCO) on Tuesday, October 3 with “Hold” rating.

Redmond Asset Management Llc, which manages about $222.44 million and $219.27M US Long portfolio, decreased its stake in Chevron Corp New Com (NYSE:CVX) by 14,353 shares to 17,677 shares, valued at $2.08 million in 2017Q3, according to the filing.

Since December 18, 2017, it had 0 buys, and 2 sales for $3.04 million activity. MORRIS EDNA sold $70,687 worth of stock.

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