Usa Financial Portformulas Boosted United Technologies (UTX) Position by $1.36 Million; As Adobe Sys (ADBE) Share Value Rose, Tiger Eye Capital Has Trimmed Holding

February 23, 2018 - By Marguerite Chambers

Ben Gambill decreased its stake in Adobe Sys Inc (ADBE) by 18.31% based on its latest 2017Q3 regulatory filing with the SEC. Tiger Eye Capital Llc sold 22,739 shares as the company’s stock rose 14.01% with the market. The hedge fund run by Ben Gambill held 101,433 shares of the prepackaged software company at the end of 2017Q3, valued at $15.13M, down from 124,172 at the end of the previous reported quarter. Tiger Eye Capital Llc who had been investing in Adobe Sys Inc for a number of months, seems to be less bullish one the $99.60B market cap company. The stock increased 0.26% or $0.52 during the last trading session, reaching $202.61. About 1.54M shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since February 23, 2017 and is uptrending. It has outperformed by 25.59% the S&P500.

Usa Financial Portformulas Corp increased its stake in United Technologies Corp (UTX) by 48.15% based on its latest 2017Q3 regulatory filing with the SEC. Usa Financial Portformulas Corp bought 11,767 shares as the company’s stock rose 8.03% with the market. The institutional investor held 36,206 shares of the aerospace company at the end of 2017Q3, valued at $4.20 million, up from 24,439 at the end of the previous reported quarter. Usa Financial Portformulas Corp who had been investing in United Technologies Corp for a number of months, seems to be bullish on the $106.83 billion market cap company. The stock increased 3.34% or $4.32 during the last trading session, reaching $133.58. About 8.07 million shares traded or 81.51% up from the average. United Technologies Corporation (NYSE:UTX) has risen 22.99% since February 23, 2017 and is uptrending. It has outperformed by 6.29% 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 $599.73M for 41.52 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 Q3 2017. 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. Essex Financial Serv Inc stated it has 0.33% in Adobe Systems Incorporated (NASDAQ:ADBE). Dana Inv Advsr invested in 0.31% or 44,998 shares. Macguire Cheswick Tuttle Investment Counsel Ltd Company has invested 0.18% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Triangle Wealth Mgmt reported 0.61% stake. Ny State Common Retirement Fund invested in 1.47 million shares or 0.28% of the stock. Macquarie Grp Inc Limited accumulated 142,624 shares. Daiwa Secs Group Incorporated invested 0.03% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Davidson And Garrard stated it has 1,860 shares or 0.07% of all its holdings. Ashford Capital Mngmt Incorporated owns 8,392 shares. Jensen Management has invested 0.13% in Adobe Systems Incorporated (NASDAQ:ADBE). Trillium Asset Mngmt Limited Com has 1.48% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Profund Advsrs Limited Liability Company stated it has 42,651 shares. Winslow Evans & Crocker owns 6,360 shares. Verition Fund Mngmt Limited Liability Corp reported 6,222 shares. Exane Derivatives holds 0.03% or 958 shares in 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. The firm earned “Buy” rating on Tuesday, August 22 by BMO Capital Markets. The rating was maintained by RBC Capital Markets on Friday, December 15 with “Buy”. The firm has “Buy” rating given on Thursday, March 31 by Canaccord Genuity. Pacific Crest maintained it with “Overweight” rating and $122 target in Wednesday, September 21 report. UBS maintained the shares of ADBE in report on Wednesday, June 22 with “Buy” rating. As per Friday, December 11, the company rating was maintained by KeyBanc Capital Markets. Stifel Nicolaus maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Friday, November 10 with “Buy” rating. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, February 8 report. The rating was maintained by FBR Capital on Wednesday, October 7 with “Mkt Perform”. Stifel Nicolaus maintained the shares of ADBE in report on Thursday, October 19 with “Buy” rating.

Since September 13, 2017, it had 1 buy, and 14 sales for $79.49 million activity. The insider DILLON MICHAEL A sold 6,376 shares worth $1.26 million. Rencher Bradley sold $3.63 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, January 24. Shares for $3.97M were sold by GESCHKE CHARLES M on Wednesday, January 10. Morris Donna sold 29,404 shares worth $5.81M. LAMKIN BRYAN sold $5.97 million worth of stock or 30,000 shares. Another trade for 1,953 shares valued at $297,032 was made by Lewnes Ann on Wednesday, October 11.

Tiger Eye Capital Llc, which manages about $1.45B and $674.11M US Long portfolio, upped its stake in Facebook Inc (NASDAQ:FB) by 48,450 shares to 216,081 shares, valued at $36.92 million in 2017Q3, according to the filing. It also increased its holding in Cable One Inc by 3,511 shares in the quarter, for a total of 47,519 shares, and has risen its stake in Liberty Media Corp Delaware.

Investors sentiment increased to 1.05 in 2017 Q3. Its up 0.10, from 0.95 in 2017Q2. It improved, as 63 investors sold UTX shares while 503 reduced holdings. 111 funds opened positions while 484 raised stakes. 621.08 million shares or 1.52% more from 611.76 million shares in 2017Q2 were reported. Invest Management Of Virginia Ltd invested in 0.68% or 24,936 shares. Hall Laurie J Trustee has invested 0.21% in United Technologies Corporation (NYSE:UTX). Amundi Pioneer Asset Management has invested 0.52% in United Technologies Corporation (NYSE:UTX). Alphamark Advsrs Ltd owns 200 shares for 0.01% of their portfolio. Guardian Advisors Lp invested in 0.06% or 3,875 shares. Cipher Cap Lp reported 44,177 shares. Levin Capital Strategies Lp, a New York-based fund reported 317,895 shares. Summit Financial Wealth Advsrs Limited Liability Com invested 0.94% of its portfolio in United Technologies Corporation (NYSE:UTX). Prescott Grp Inc Mngmt Ltd Liability Corporation invested 0.13% in United Technologies Corporation (NYSE:UTX). Pinnacle Holdg Ltd Limited Liability Company owns 16,427 shares. Amalgamated State Bank reported 0.31% in United Technologies Corporation (NYSE:UTX). Woodmont Counsel Ltd Com owns 0.53% invested in United Technologies Corporation (NYSE:UTX) for 16,716 shares. Wealthcare Cap Management Limited Liability Corp reported 12 shares. Busey Comm has invested 0.23% of its portfolio in United Technologies Corporation (NYSE:UTX). M&T Retail Bank Corporation invested in 634,857 shares or 0.4% of the stock.

Among 21 analysts covering United Technologies Corporation (NYSE:UTX), 12 have Buy rating, 0 Sell and 9 Hold. Therefore 57% are positive. United Technologies Corporation had 80 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Monday, December 5 by Deutsche Bank. The firm has “Market Perform” rating given on Wednesday, September 6 by Cowen & Co. The rating was initiated by JP Morgan on Thursday, October 8 with “Neutral”. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, August 10. Cowen & Co maintained the stock with “Hold” rating in Monday, January 22 report. The rating was maintained by Credit Suisse on Monday, November 16 with “Neutral”. Jefferies maintained United Technologies Corporation (NYSE:UTX) rating on Tuesday, May 30. Jefferies has “Buy” rating and $13200 target. RBC Capital Markets maintained United Technologies Corporation (NYSE:UTX) rating on Sunday, October 8. RBC Capital Markets has “Hold” rating and $126.0 target. Cowen & Co maintained United Technologies Corporation (NYSE:UTX) on Monday, August 7 with “Buy” rating. The stock of United Technologies Corporation (NYSE:UTX) earned “Buy” rating by Argus Research on Friday, February 9.

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