Atalanta Sosnoff Capital Has Raised Adobe Sys (ADBE) Stake By $13.39 Million; Newstar Financial Has 1.75 Sentiment

February 15, 2018 - By rebbecca

Atalanta Sosnoff Capital Llc increased Adobe Sys Inc (ADBE) stake by 36.78% reported in 2017Q3 SEC filing. Atalanta Sosnoff Capital Llc acquired 89,848 shares as Adobe Sys Inc (ADBE)’s stock rose 14.01%. The Atalanta Sosnoff Capital Llc holds 334,141 shares with $49.85M value, up from 244,293 last quarter. Adobe Sys Inc now has $96.91 billion valuation. The stock increased 1.89% or $3.65 during the last trading session, reaching $197.13. About 2.54M shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since February 15, 2017 and is uptrending. It has outperformed by 25.59% the S&P500.

NewStar Financial, Inc. operates as a commercial finance firm in the United States. The company has market cap of $497.84 million. The firm operates through two divisions, Commercial Lending and Asset Management. It has a 25.01 P/E ratio. It provides senior secured cash flow loans, and second lien and unitranche loans to middle market companies for acquisitions, recapitalizations, and refinancing or other general corporate purposes; senior debt financing options, including revolving credit facilities, term loans, and other debt products secured by various business assets; and senior secured loans to larger middle market companies in healthcare, manufacturing and industrial, financial services, energy/chemical services, printing/publishing, consumer, retail and restaurants, and business and technology services industries.

Atalanta Sosnoff Capital Llc decreased General Electric Co (NYSE:GE) stake by 33,285 shares to 23,825 valued at $576,000 in 2017Q3. It also reduced Pepsico Inc (NYSE:PEP) stake by 8,353 shares and now owns 283,403 shares. Celgene Corp (NASDAQ:CELG) was reduced too.

Since September 13, 2017, it had 1 buying transaction, and 14 insider sales for $79.49 million activity. Another trade for 18,410 shares valued at $3.63M was sold by Rencher Bradley. 1,953 shares were sold by Lewnes Ann, worth $338,846. Another trade for 29,404 shares valued at $5.81 million was sold by Morris Donna. WARNOCK JOHN E had sold 6,800 shares worth $1.18M. 1,125 shares valued at $199,520 were bought by Banse Amy on Monday, December 18. On Friday, January 26 THOMPSON MATTHEW sold $10.16 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) or 50,775 shares. $10.21 million worth of stock was sold by GARRETT MARK on Tuesday, February 6.

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. Vetr upgraded it to “Strong-Buy” rating and $86.24 target in Tuesday, September 8 report. As per Thursday, October 19, the company rating was maintained by BMO Capital Markets. The stock has “Buy” rating by Deutsche Bank on Tuesday, December 8. Cowen & Co initiated Adobe Systems Incorporated (NASDAQ:ADBE) on Friday, June 24 with “Outperform” rating. As per Thursday, August 24, the company rating was maintained by KeyBanc Capital Markets. The firm has “Buy” rating given on Wednesday, January 10 by Guggenheim. The firm has “Buy” rating given on Wednesday, October 7 by Deutsche Bank. The firm earned “Buy” rating on Friday, December 15 by Robert W. Baird. Deutsche Bank maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, March 23 with “Buy” rating. The company was maintained on Monday, December 11 by Cowen & Co.

Investors sentiment increased to 1.11 in Q3 2017. Its up 0.01, from 1.1 in 2017Q2. It is positive, 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. Saturna stated it has 2.6% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Trust Department Mb Natl Bank N A, a Illinois-based fund reported 57,831 shares. Shell Asset Management Co reported 100,642 shares stake. Lpl Finance Limited Liability holds 0.05% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 92,078 shares. Janney Montgomery Scott Llc invested in 0.02% or 9,512 shares. Utd Capital Advisers Ltd holds 0.04% or 32,373 shares in its portfolio. Navellier & Assoc Inc holds 19,660 shares. Usa Finance Portformulas Corporation reported 46,128 shares. Sigma Planning reported 0.04% in Adobe Systems Incorporated (NASDAQ:ADBE). Global X Mgmt Ltd Company owns 3,451 shares for 0.01% of their portfolio. Ardsley Advisory reported 0.99% in Adobe Systems Incorporated (NASDAQ:ADBE). Silvercrest Asset Management Group accumulated 8,641 shares. Kentucky-based Hl has invested 0.08% in Adobe Systems Incorporated (NASDAQ:ADBE). Btim Corp has 0.02% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 7,740 shares. Davidson And Garrard Inc holds 0.07% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 1,860 shares.