Pennsylvania Trust Co Boosted Adobe Sys (ADBE) Holding By $723,816; 0 Analysts Are Bullish KCAP Financial, Inc. (KCAP) Last Week

June 26, 2018 - By Martha Paddon

Adobe Systems Incorporated (NASDAQ:ADBE) Logo

Pennsylvania Trust Co increased Adobe Sys Inc (ADBE) stake by 3.53% reported in 2018Q1 SEC filing. Pennsylvania Trust Co acquired 3,351 shares as Adobe Sys Inc (ADBE)’s stock rose 14.81%. The Pennsylvania Trust Co holds 98,300 shares with $21.24 million value, up from 94,949 last quarter. Adobe Sys Inc now has $118.04B valuation. The stock decreased 1.62% or $3.95 during the last trading session, reaching $239.68. About 4.50 million shares traded or 51.63% up from the average. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 70.50% since June 26, 2017 and is uptrending. It has outperformed by 57.93% the S&P500. Some Historical ADBE News: 26/03/2018 – Adobe Presenting at Adobe Summit Tomorrow; 15/03/2018 – Adobe Results Top Analyst Forecasts on Growing Software Suite; 02/05/2018 – Invesco Technology Adds Adobe, Exits Comcast, Cuts Apple; 27/03/2018 – Adobe Announces Significant Partner Momentum at Summit 2018; 27/03/2018 – SnapLogic Announces Integration with Adobe Cloud Platform to Close the Customer Experience Gap; 21/05/2018 – Adobe Buys Magento for $1.7 Billion to Boost Commerce Ambitions; 17/04/2018 – Adobe Acquires Sayspring, a Platform for Voice Apps; 11/05/2018 – WebAct Announces Adobe Muse Alternative Website Platform; 26/04/2018 – US Gov Printing: Desktop Publishing – 508 Compliance using Adobe Acrobat with MS Word; 05/04/2018 – MultichannelNews: SourceAudio Launches Beta Release of Their Platform Extension Allowing Adobe Premiere Users to Access Platfor

Among 6 analysts covering KCAP Financial (NASDAQ:KCAP), 0 have Buy rating, 0 Sell and 6 Hold. Therefore 0 are positive. KCAP Financial had 7 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Keefe Bruyette & Woods on Sunday, October 22 with “Hold”. The firm has “Neutral” rating by Janney Capital given on Wednesday, April 27. The firm has “Hold” rating by Keefe Bruyette & Woods given on Thursday, July 20. The rating was maintained by Wood with “Market Perform” on Monday, August 17. See KCAP Financial, Inc. (NASDAQ:KCAP) latest ratings:

More notable recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Seekingalpha.com which released: “Adobe Systems: Financial Headwinds Ahead” on June 18, 2018, also Seekingalpha.com with their article: “Adobe: Strong Growth Is Inevitable” published on June 19, 2018, Thestreet.com published: “Adobe Is Still a Cloud King” on June 15, 2018. More interesting news about Adobe Systems Incorporated (NASDAQ:ADBE) were released by: Seekingalpha.com and their article: “Adobe Systems -3% despite Q2 beats (update)” published on June 14, 2018 as well as Seekingalpha.com‘s news article titled: “Will Adobe Pop After Earnings?” with publication date: June 13, 2018.

Investors sentiment increased to 0.9 in 2018 Q1. Its up 0.01, from 0.89 in 2017Q4. It improved, as 35 investors sold ADBE shares while 418 reduced holdings. 136 funds opened positions while 271 raised stakes. 405.65 million shares or 1.16% less from 410.42 million shares in 2017Q4 were reported. Telemus Ltd Llc has invested 0.5% in Adobe Systems Incorporated (NASDAQ:ADBE). The California-based Hanson Mcclain Inc has invested 0.03% in Adobe Systems Incorporated (NASDAQ:ADBE). Mitchell Mcleod Pugh And Williams Incorporated reported 1.73% stake. 23,024 were reported by Bender Robert And Associate. Allen Inv Lc holds 5,418 shares or 0.05% of its portfolio. Silvercrest Asset Mgmt Ltd Limited Liability Company holds 0.02% or 9,064 shares in its portfolio. Virtu Limited has 0.2% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Bristol John W owns 2.26% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 368,924 shares. Obermeyer Wood Invest Counsel Lllp holds 0.06% or 2,848 shares. Barbara Oil has invested 0.84% in Adobe Systems Incorporated (NASDAQ:ADBE). Pettyjohn Wood & White Inc accumulated 5,532 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Mngmt reported 0.4% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Stone Ridge Asset Llc stated it has 18,100 shares. Nwi Management LP holds 161,574 shares. Boston Private Wealth Ltd Liability holds 0.19% or 22,576 shares in its portfolio.

Pennsylvania Trust Co decreased Carnival Corp (NYSE:CCL) stake by 9,970 shares to 165,423 valued at $10.85M in 2018Q1. It also reduced American Intl Group Inc (NYSE:AIG) stake by 13,793 shares and now owns 52,060 shares. Pfizer Inc (NYSE:PFE) was reduced too.

Among 39 analysts covering Adobe Systems (NASDAQ:ADBE), 28 have Buy rating, 0 Sell and 11 Hold. Therefore 72% are positive. Adobe Systems has $280 highest and $10 lowest target. $198.87’s average target is -17.03% below currents $239.68 stock price. Adobe Systems had 165 analyst reports since August 11, 2015 according to SRatingsIntel. Pivotal Research downgraded the stock to “Sell” rating in Monday, June 12 report. Cowen & Co maintained the shares of ADBE in report on Wednesday, September 20 with “Buy” rating. Guggenheim maintained the shares of ADBE in report on Tuesday, January 23 with “Buy” rating. The company was downgraded on Tuesday, December 12 by J.P. Morgan. The firm has “Buy” rating by Canaccord Genuity given on Tuesday, August 22. As per Wednesday, September 20, the company rating was maintained by Piper Jaffray. The firm has “Buy” rating given on Wednesday, October 25 by Argus Research. The stock has “Buy” rating by Stephens on Tuesday, January 2. The rating was maintained by Jefferies on Thursday, October 19 with “Buy”. FBR Capital maintained it with “Mkt Perform” rating and $100 target in Friday, December 11 report.

Since January 10, 2018, it had 0 buys, and 18 insider sales for $89.91 million activity. The insider DILLON MICHAEL A sold 18,079 shares worth $3.51 million. The insider GARRETT MARK sold $10.21 million. Lewnes Ann had sold 2,945 shares worth $746,558 on Wednesday, June 20. THOMPSON MATTHEW also sold $10.16 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) on Friday, January 26. WARNOCK JOHN E had sold 5,000 shares worth $1.12M on Monday, March 19. On Wednesday, January 24 Rencher Bradley sold $3.63 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) or 18,410 shares. LAMKIN BRYAN sold $5.97M worth of Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, January 31.

The stock increased 0.46% or $0.02 during the last trading session, reaching $3.28. About 57,434 shares traded. KCAP Financial, Inc. (NASDAQ:KCAP) has declined 9.40% since June 26, 2017 and is downtrending. It has underperformed by 21.97% the S&P500. Some Historical KCAP News: 07/03/2018 – KCAP Financial 2017 Net Investment Income 30 Cents/Share; 07/03/2018 – KCAP FINANCIAL INC – NET ASSET VALUE PER SHARE OF $4.87 AS OF DECEMBER 31, 2017, COMPARED WITH $5.24 AT DECEMBER 31, 2016; 07/03/2018 – KCAP Financial: Net Asset Value $4.87/Share at Dec. 31; 20/03/2018 – KCAP Financial, Inc. Announces Quarterly Distribution; 02/05/2018 – KCAP Financial 1Q EPS 7c; 02/05/2018 – KCAP Financial Net Asset Value $4.85/Share on March 31; 07/03/2018 KCAP Financial, Inc. Announces Full Year 2017 Financial Results

Another recent and important KCAP Financial, Inc. (NASDAQ:KCAP) news was published by Seekingalpha.com which published an article titled: “KCAP Financial, Appealing Yield Of 12.46% And Discount To NAV At 34%? Be Careful” on June 13, 2018.

KCAP Financial, Inc. is a business development firm specializing in investments in debt securities portfolio, asset manager affiliates, and CLO fund securities. The company has market cap of $121.37 million. The firm prefers to invest in senior secured term loans, mezzanine debt, and equity securities primarily in privately-held middle market companies. It has a 21.98 P/E ratio. It also invests in debt and subordinated securities issued by CLO Fund Securities.

Adobe Systems Incorporated (NASDAQ:ADBE) Ratings Chart