Adobe Sys (ADBE) Shareholder Riverpark Capital Management Has Lowered Stake as Share Price Rose; Mesirow Financial Investment Management Us Value Equity Has Increased Stake in Idacorp (IDA) by $750,640 as Market Valuation Rose

June 14, 2018 - By Vivian Currie

Adobe Systems Incorporated (NASDAQ:ADBE) Logo

Mesirow Financial Investment Management Us Value Equity increased its stake in Idacorp Inc (IDA) by 3.71% based on its latest 2018Q1 regulatory filing with the SEC. Mesirow Financial Investment Management Us Value Equity bought 8,530 shares as the company’s stock rose 7.95% while stock markets declined. The institutional investor held 238,564 shares of the public utilities company at the end of 2018Q1, valued at $21.06 million, up from 230,034 at the end of the previous reported quarter. Mesirow Financial Investment Management Us Value Equity who had been investing in Idacorp Inc for a number of months, seems to be bullish on the $4.38B market cap company. The stock increased 0.85% or $0.73 during the last trading session, reaching $87. About 195,468 shares traded. IDACORP, Inc. (NYSE:IDA) has risen 4.95% since June 14, 2017 and is uptrending. It has underperformed by 7.62% the S&P500. Some Historical IDA News: 03/05/2018 – IDACORP INC IDA.N REAFFIRMS FY 2018 SHR VIEW $4.10 TO $4.25; 19/04/2018 DJ IDACORP Inc, Inst Holders, 1Q 2018 (IDA); 03/05/2018 – Idacorp 1Q EPS 72c; 29/05/2018 – Idacorp Forms Golden Cross: Technicals; 03/05/2018 – IDACORP INC IDA.N FY2018 SHR VIEW $4.21 — THOMSON REUTERS l/B/E/S; 03/05/2018 – Idacorp Backs 2018 View of EPS $4.10-EPS $4.25; 19/04/2018 – IDACORP, Inc. Declares Dividend

Riverpark Capital Management Llc decreased its stake in Adobe Sys Inc (ADBE) by 22.04% based on its latest 2018Q1 regulatory filing with the SEC. Riverpark Capital Management Llc sold 26,928 shares as the company’s stock rose 14.81% while stock markets declined. The institutional investor held 95,238 shares of the prepackaged software company at the end of 2018Q1, valued at $20.58 million, down from 122,166 at the end of the previous reported quarter. Riverpark Capital Management Llc who had been investing in Adobe Sys Inc for a number of months, seems to be less bullish one the $127.26 billion market cap company. The stock increased 0.89% or $2.28 during the last trading session, reaching $258.41. About 2.82 million shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 70.50% since June 14, 2017 and is uptrending. It has outperformed by 57.93% the S&P500. Some Historical ADBE News: 27/03/2018 – ADOBE SUMMIT ANNUAL CONFERENCE KICKS OFF IN LAS VEGAS; 15/03/2018 – oneAudience Integrates Mobile-Driven Audiences in Adobe Analytics Cloud; 12/03/2018 – PCM Named Adobe 2017 Americas Partner of the Year; 27/03/2018 – ADOBE: WEBSITES SHOULD HAVE CLEAR DATA DISCLAIMERS; 26/03/2018 – MEDIA ALERT: Adobe and Microsoft Extend Global Partnership Into China; 21/05/2018 – Silicon Valley Business Journal: BREAKING: A Campbell-based eBay spinoff’s value is about to go from $150 million to $1.68; 15/03/2018 – After-hours buzz: ADBE, AVGO, ULTA & more; 29/03/2018 – ADOBE GROWS ADVERTISING TECH BUSINESS WITH NBCUNIVERSAL PACT; 19/03/2018 – Enel Sells Energy From New U.S. Wind Farm to Facebook and Adobe; 15/03/2018 – Adobe Systems 2Q Adj EPS $1.55

More notable recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Seekingalpha.com which released: “Adobe Systems: Diverging Paths” on May 22, 2018, also Seekingalpha.com with their article: “Stocks To Watch: Focus On E3, IHopb And The World Cup” published on June 09, 2018, Seekingalpha.com published: “Will Adobe Pop After Earnings?” on June 13, 2018. More interesting news about Adobe Systems Incorporated (NASDAQ:ADBE) were released by: Seekingalpha.com and their article: “SAP unveils new bundled product, announces acquisition” published on June 05, 2018 as well as Benzinga.com‘s news article titled: “Adobe Systems Q2 Earnings Preview” with publication date: June 14, 2018.

Riverpark Capital Management Llc, which manages about $73.36 million and $642.04 million US Long portfolio, upped its stake in Eog Res Inc (NYSE:EOG) by 16,451 shares to 163,837 shares, valued at $17.25 million in 2018Q1, according to the filing. It also increased its holding in Equinix Inc (NASDAQ:EQIX) by 10,452 shares in the quarter, for a total of 60,690 shares, and has risen its stake in Unitedhealth Group Inc (NYSE:UNH).

Since December 18, 2017, it had 1 insider purchase, and 16 insider sales for $87.43 million activity. The insider WARNOCK JOHN E sold 5,000 shares worth $1.12 million. On Friday, January 26 the insider THOMPSON MATTHEW sold $10.16 million. Lewnes Ann also sold $680,503 worth of Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, April 18. $10.21 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) shares were sold by GARRETT MARK. On Wednesday, January 31 DILLON MICHAEL A sold $1.26 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) or 6,376 shares. $5.81 million worth of stock was sold by Morris Donna on Wednesday, January 24.

Analysts await Adobe Systems Incorporated (NASDAQ:ADBE) to report earnings on June, 19. They expect $1.25 earnings per share, up 54.32% or $0.44 from last year’s $0.81 per share. ADBE’s profit will be $615.59M for 51.68 P/E if the $1.25 EPS becomes a reality. After $1.28 actual earnings per share reported by Adobe Systems Incorporated for the previous quarter, Wall Street now forecasts -2.34% negative EPS growth.

Among 39 analysts covering Adobe Systems (NASDAQ:ADBE), 28 have Buy rating, 0 Sell and 11 Hold. Therefore 72% are positive. Adobe Systems had 159 analyst reports since August 11, 2015 according to SRatingsIntel. Canaccord Genuity maintained the shares of ADBE in report on Wednesday, September 21 with “Buy” rating. KeyBanc Capital Markets maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Friday, March 16 with “Overweight” rating. The firm has “Buy” rating by Cowen & Co given on Thursday, October 19. The firm earned “Buy” rating on Tuesday, January 2 by Stephens. On Friday, December 11 the stock rating was maintained by JP Morgan with “Overweight”. The firm has “Buy” rating given on Monday, April 4 by Dougherty & Company. Robert W. Baird maintained it with “Buy” rating and $160.0 target in Thursday, August 31 report. BMO Capital Markets maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Monday, September 25. BMO Capital Markets has “Buy” rating and $165.0 target. The company was maintained on Wednesday, September 21 by Goldman Sachs. The stock has “Overweight” rating by KeyBanc Capital Markets on Friday, December 11.

Investors sentiment increased to 0.9 in 2018 Q1. Its up 0.01, from 0.89 in 2017Q4. It is positive, 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. Primecap Mgmt Ca has 21.70M shares for 3.52% of their portfolio. Daiwa Securities Grp Inc Inc invested in 18,643 shares or 0.03% of the stock. Regions Finance Corporation reported 18,238 shares. Connor Clark Lunn Mngmt Ltd has 86,625 shares. Harding Loevner LP has invested 0% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). New York-based Ibm Retirement Fund has invested 0.48% in Adobe Systems Incorporated (NASDAQ:ADBE). Stonebridge Cap Advsr invested in 5,555 shares or 0.28% of the stock. Moreover, Exxonmobil Investment Management Inc Tx has 0.47% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Davis R M holds 1,801 shares or 0.02% of its portfolio. Barrett Asset Mgmt Ltd accumulated 5,835 shares. Spectrum Asset Mgmt (Nb Ca) accumulated 2,525 shares. Notis has 0.4% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 3,060 shares. Jnba Advisors accumulated 12 shares. Hudson Valley Invest Incorporated Adv stated it has 1.72% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Moreover, Parallax Volatility Advisers Lp has 0% invested in Adobe Systems Incorporated (NASDAQ:ADBE).

Since March 16, 2018, it had 0 insider buys, and 2 sales for $337,647 activity. Shares for $312,028 were sold by Keen Steven R.

Investors sentiment decreased to 1.16 in 2018 Q1. Its down 0.24, from 1.4 in 2017Q4. It is negative, as 17 investors sold IDA shares while 78 reduced holdings. 28 funds opened positions while 82 raised stakes. 37.86 million shares or 1.18% more from 37.41 million shares in 2017Q4 were reported. Dekabank Deutsche Girozentrale, a Germany-based fund reported 9,800 shares. Hillsdale Inv Mngmt invested 0% of its portfolio in IDACORP, Inc. (NYSE:IDA). Moreover, Jane Street Group has 0% invested in IDACORP, Inc. (NYSE:IDA) for 4,190 shares. Polaris Greystone Gp Incorporated stated it has 400 shares. Smith Asset Mngmt Grp Inc LP has invested 0% in IDACORP, Inc. (NYSE:IDA). Hrt Fincl Ltd Com accumulated 8,281 shares. World Asset Mgmt owns 0.01% invested in IDACORP, Inc. (NYSE:IDA) for 2,589 shares. Old Mutual Glob Investors (Uk) Limited owns 0.03% invested in IDACORP, Inc. (NYSE:IDA) for 37,634 shares. Paradigm Asset Management Ltd Limited Liability Company stated it has 0% in IDACORP, Inc. (NYSE:IDA). 39,989 were reported by Comerica Comml Bank. Los Angeles Cap Management & Equity reported 8,782 shares. New York-based Morgan Stanley has invested 0.01% in IDACORP, Inc. (NYSE:IDA). Proshare Advsr accumulated 11,528 shares or 0.01% of the stock. 8,300 were accumulated by Strs Ohio. Mackenzie Financial Corporation, a Ontario – Canada-based fund reported 117,800 shares.

Among 3 analysts covering IdaCorp (NYSE:IDA), 0 have Buy rating, 2 Sell and 1 Hold. Therefore 0 are positive. IdaCorp had 4 analyst reports since October 18, 2016 according to SRatingsIntel. The stock has “Hold” rating by KeyBanc Capital Markets on Wednesday, October 18. Williams Capital Group downgraded the stock to “Sell” rating in Monday, June 4 report. Bank of America initiated it with “Sell” rating and $85.0 target in Tuesday, January 9 report. The firm has “Hold” rating by Williams Capital Group given on Tuesday, October 18.

IDACORP, Inc. (NYSE:IDA) Institutional Positions Chart

Echostar Corporation-Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Posts

>