Adobe Sys (ADBE) Stock Value Rose While Hanson Mcclain Boosted Position; Needham Investment Management Trimmed Its Holding in Fireeye (FEYE) by $640,000

June 23, 2018 - By Dolores Ford

FireEye, Inc. (NASDAQ:FEYE) Logo

Needham Investment Management Llc decreased its stake in Fireeye Inc (FEYE) by 44.44% based on its latest 2018Q1 regulatory filing with the SEC. Needham Investment Management Llc sold 40,000 shares as the company’s stock declined 1.55% with the market. The institutional investor held 50,000 shares of the technology company at the end of 2018Q1, valued at $847,000, down from 90,000 at the end of the previous reported quarter. Needham Investment Management Llc who had been investing in Fireeye Inc for a number of months, seems to be less bullish one the $3.09 billion market cap company. The stock decreased 1.15% or $0.19 during the last trading session, reaching $16.37. About 3.74 million shares traded or 7.98% up from the average. FireEye, Inc. (NASDAQ:FEYE) has risen 12.35% since June 23, 2017 and is uptrending. It has underperformed by 0.22% the S&P500. Some Historical FEYE News: 03/05/2018 – FireEye Closes Below 50-Day Moving Average: Technicals; 16/04/2018 – FireEye Simplifies Cybersecurity Protection; 17/04/2018 – NSS Labs Announces 2018 Advanced Endpoint Protection Group Test Results; 21/05/2018 – FireEye, Inc. Announces $525.0 Million Convertible Notes Offering; 15/05/2018 – Masters Capital Management LLC Exits Position in FireEye; 16/04/2018 – FireEye and Oracle Collaborate on Cloud Transformation; 04/05/2018 – Bitcoin’s ‘been a problem for us,’ says CEO of top cybersecurity firm FireEye; 16/03/2018 – FIREEYE DETAILS SUSPECTED CHINESE HACKS IN BLOOMBERG INTERVIEW; 02/05/2018 – FIREEYE 1Q REV. $199.1M, EST. $194.5M; 21/05/2018 – FIREEYE TO USE PART OF PROCEEDS TO PAY CAPPED CALL DEAL COSTS

Hanson Mcclain Inc increased its stake in Adobe Sys Inc (ADBE) by 734.12% based on its latest 2018Q1 regulatory filing with the SEC. Hanson Mcclain Inc bought 1,549 shares as the company’s stock rose 14.81% while stock markets declined. The institutional investor held 1,760 shares of the prepackaged software company at the end of 2018Q1, valued at $380,000, up from 211 at the end of the previous reported quarter. Hanson Mcclain Inc who had been investing in Adobe Sys Inc for a number of months, seems to be bullish on the $119.98B market cap company. The stock decreased 2.09% or $5.2 during the last trading session, reaching $243.63. About 3.39M shares traded or 14.34% up from the average. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 70.50% since June 23, 2017 and is uptrending. It has outperformed by 57.93% the S&P500. Some Historical ADBE News: 16/03/2018 – ADOBE SYSTEMS INC ADBE.O : MORGAN STANLEY RAISES TARGET PRICE TO $235 FROM $193; 15/03/2018 – Adobe rises on strong first-quarter earnings; 19/03/2018 – ENEL SELLS ENERGY FROM NEW US WIND FARM TO FACEBOOK & ADOBE; 27/03/2018 – Adobe Advertising Cloud Gets “Creative”; 15/03/2018 – ADOBE CEO SHANTANU NARAYEN: CHINA, SOUTH KOREA BOOSTING GROWTH; 27/03/2018 – ADOBE: WEBSITES SHOULD HAVE CLEAR DATA DISCLAIMERS; 13/04/2018 – Adobe Names David A. Ricks to Its Board of Directors; 26/03/2018 – MEDIA ALERT: Adobe and Microsoft Extend Global Partnership Into China; 19/03/2018 – ENEL ENEI.Ml – ENERGY PRODUCED BY 10 MW OF RATTLESNAKE CREEK WILL BE SOLD TO ADOBE BETWEEN 2019 AND 2028; 27/03/2018 – ADOBE: MACHINE LEARNING TO HELP CUSTOMERS COMPLY WITH EU’S GDPR

Investors sentiment decreased to 1.14 in 2018 Q1. Its down 0.01, from 1.15 in 2017Q4. It dropped, as 20 investors sold FEYE shares while 81 reduced holdings. 46 funds opened positions while 69 raised stakes. 118.79 million shares or 1.56% more from 116.96 million shares in 2017Q4 were reported. Grp Inc One Trading Lp reported 53,993 shares. Moors & Cabot invested in 0.04% or 18,450 shares. 18,600 were reported by First Manhattan Co. Bogle Inv Lp De accumulated 0.96% or 757,246 shares. Moreover, Hanson Mcclain Inc has 0% invested in FireEye, Inc. (NASDAQ:FEYE). Cibc Incorporated has 17,905 shares. 477,575 are held by Broadview Advsr Ltd Liability Co. Aperio Gru Ltd Liability Corporation holds 10,441 shares or 0% of its portfolio. Point72 Asset Mngmt LP holds 0% in FireEye, Inc. (NASDAQ:FEYE) or 66,535 shares. Moreover, Paw Cap has 4.27% invested in FireEye, Inc. (NASDAQ:FEYE) for 210,000 shares. Cutter Com Brokerage holds 13,500 shares or 0.09% of its portfolio. Peak6 Invs Limited Partnership holds 0.01% or 120,163 shares in its portfolio. Architects invested in 2,450 shares. Parametric Portfolio Assocs Ltd Company owns 0.01% invested in FireEye, Inc. (NASDAQ:FEYE) for 702,247 shares. Trexquant Inv Limited Partnership owns 53,913 shares.

Since February 16, 2018, it had 0 buys, and 12 insider sales for $6.68 million activity. On Wednesday, May 16 the insider Robbins William T sold $261,121. The insider Reese Travis M. sold $1.75 million. Mandia Kevin R. sold $1.83 million worth of stock or 113,130 shares. 3,190 shares were sold by King Alexa, worth $55,337 on Wednesday, May 16.

Another recent and important FireEye, Inc. (NASDAQ:FEYE) news was published by Seekingalpha.com which published an article titled: “Under Armour Is A Winner – Cramer’s Lightning Round (6/20/18)” on June 21, 2018.

Analysts await FireEye, Inc. (NASDAQ:FEYE) to report earnings on August, 7. They expect $-0.22 earnings per share, up 15.38% or $0.04 from last year’s $-0.26 per share. After $-0.27 actual earnings per share reported by FireEye, Inc. for the previous quarter, Wall Street now forecasts -18.52% EPS growth.

Among 34 analysts covering Fireeye Inc (NASDAQ:FEYE), 16 have Buy rating, 0 Sell and 18 Hold. Therefore 47% are positive. Fireeye Inc had 124 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was downgraded by First Analysis on Monday, October 24 to “Underweight”. The stock of FireEye, Inc. (NASDAQ:FEYE) has “Equal-Weight” rating given on Thursday, November 5 by Barclays Capital. The firm has “Buy” rating by Standpoint Research given on Friday, January 13. The stock of FireEye, Inc. (NASDAQ:FEYE) has “Overweight” rating given on Friday, March 2 by First Analysis. The rating was maintained by Oppenheimer with “Buy” on Thursday, August 10. The firm has “Buy” rating given on Wednesday, January 20 by Wunderlich. Stifel Nicolaus maintained FireEye, Inc. (NASDAQ:FEYE) rating on Thursday, November 5. Stifel Nicolaus has “Buy” rating and $45 target. BMO Capital Markets maintained FireEye, Inc. (NASDAQ:FEYE) on Thursday, February 8 with “Hold” rating. The stock of FireEye, Inc. (NASDAQ:FEYE) has “Buy” rating given on Thursday, October 19 by Oppenheimer. The firm has “Hold” rating given on Thursday, October 5 by BMO Capital Markets.

Among 39 analysts covering Adobe Systems (NASDAQ:ADBE), 28 have Buy rating, 0 Sell and 11 Hold. Therefore 72% are positive. Adobe Systems had 165 analyst reports since August 11, 2015 according to SRatingsIntel. The stock has “Market Perform” rating by Wells Fargo on Wednesday, January 11. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Equal-Weight” rating given on Wednesday, September 21 by Morgan Stanley. Stifel Nicolaus maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Friday, June 15. Stifel Nicolaus has “Buy” rating and $275 target. The company was maintained on Sunday, September 3 by RBC Capital Markets. On Wednesday, June 21 the stock rating was maintained by Pivotal Research with “Sell”. RBC Capital Markets maintained the stock with “Buy” rating in Sunday, October 8 report. The rating was maintained by Bank of America on Wednesday, December 13 with “Buy”. RBC Capital Markets maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Sunday, July 30. RBC Capital Markets has “Buy” rating and $15700 target. On Friday, March 16 the stock rating was maintained by Credit Suisse with “Outperform”. The firm earned “Buy” rating on Thursday, October 19 by Stifel Nicolaus.

Investors sentiment increased to 0.9 in Q1 2018. 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. Citadel Advsrs Ltd Limited Liability Company has invested 0.18% in Adobe Systems Incorporated (NASDAQ:ADBE). Westover Advsrs Llc holds 1,326 shares or 0.16% of its portfolio. Fiduciary Svcs Of The Southwest Tx reported 0.19% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). 16,851 were accumulated by Advisory Network Limited Liability Co. Advisor Lc reported 9,587 shares. Commonwealth Natl Bank Of Aus has invested 0.03% in Adobe Systems Incorporated (NASDAQ:ADBE). Creative Planning owns 27,227 shares or 0.02% of their US portfolio. Brown Brothers Harriman invested 0.01% in Adobe Systems Incorporated (NASDAQ:ADBE). Gabelli Funds Ltd Liability holds 0.15% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 118,200 shares. Flossbach Von Storch Ag invested in 0.12% or 54,175 shares. Mogy Joel R Counsel Incorporated holds 22,165 shares. Ledyard State Bank owns 0.97% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 36,747 shares. Chemung Canal Trust Co stated it has 44,737 shares or 2.31% of all its holdings. Moreover, Comerica Securities has 0.15% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Mark Asset has invested 2.73% in Adobe Systems Incorporated (NASDAQ:ADBE).

Since January 10, 2018, it had 0 buys, and 17 sales for $89.16 million activity. NARAYEN SHANTANU also sold $32.66M worth of Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, January 24. Lewnes Ann also sold $680,503 worth of Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, April 18. WARNOCK JOHN E sold 14,000 shares worth $3.03 million. GESCHKE CHARLES M sold $3.59M worth of Adobe Systems Incorporated (NASDAQ:ADBE) on Friday, April 20. 50,775 Adobe Systems Incorporated (NASDAQ:ADBE) shares with value of $10.16M were sold by THOMPSON MATTHEW. $1.26 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by DILLON MICHAEL A on Wednesday, January 31.

FireEye, Inc. (NASDAQ:FEYE) Institutional Positions Chart

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