Northwestern Mutual Wealth Management Company Upped Its Sap Se (SAP) Position by $453,440; Adobe Systems (ADBE) Stock Value Rose While Trust Department Mb Financial Bank N A Lifted Its Stake

January 15, 2018 - By Clifton Ray

Trust Department Mb Financial Bank N A increased its stake in Adobe Systems Inc (ADBE) by 53.91% based on its latest 2017Q3 regulatory filing with the SEC. Trust Department Mb Financial Bank N A bought 20,256 shares as the company’s stock rose 14.01% with the market. The institutional investor held 57,831 shares of the prepackaged software company at the end of 2017Q3, valued at $8.63M, up from 37,575 at the end of the previous reported quarter. Trust Department Mb Financial Bank N A who had been investing in Adobe Systems Inc for a number of months, seems to be bullish on the $96.15B market cap company. The stock increased 3.24% or $6.13 during the last trading session, reaching $195.05. About 4.25M shares traded or 46.48% up from the average. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since January 15, 2017 and is uptrending. It has outperformed by 25.59% the S&P500.

Northwestern Mutual Wealth Management Company increased its stake in Sap Se (SAP) by 4.52% based on its latest 2017Q3 regulatory filing with the SEC. Northwestern Mutual Wealth Management Company bought 4,160 shares as the company’s stock rose 13.65% with the market. The institutional investor held 96,284 shares of the prepackaged software company at the end of 2017Q3, valued at $10.56M, up from 92,124 at the end of the previous reported quarter. Northwestern Mutual Wealth Management Company who had been investing in Sap Se for a number of months, seems to be bullish on the $130.51 billion market cap company. The stock increased 0.45% or $0.49 during the last trading session, reaching $110.13. About 1.60 million shares traded or 174.66% up from the average. SAP SE (NYSE:SAP) has risen 36.82% since January 15, 2017 and is uptrending. It has outperformed by 20.12% the S&P500.

Investors sentiment increased to 1.11 in Q3 2017. Its up 0.01, from 1.1 in 2017Q2. It increased, 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. Amer Natl Registered Advisor accumulated 7,312 shares. Cambridge Advsr Inc holds 0.05% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 26,676 shares. Pittenger & Anderson Incorporated owns 1,580 shares. Efg Asset Mgmt (Americas) reported 1.54% in Adobe Systems Incorporated (NASDAQ:ADBE). Bailard holds 0.08% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 7,407 shares. Court Place Advsr Ltd Co stated it has 2,576 shares. Ifc Hldg Fl has 1,987 shares for 0.02% of their portfolio. Voya Investment Limited Liability Corp owns 1.48M shares for 0.48% of their portfolio. Advisory Services Network Limited Liability holds 12,791 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Management has 0.13% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Usca Ria Ltd Limited Liability Company has invested 0.05% in Adobe Systems Incorporated (NASDAQ:ADBE). Louisiana State Employees Retirement System owns 30,800 shares for 0.22% of their portfolio. 113,759 are owned by Marsico Capital Mngmt Ltd. Dodge Cox reported 100,603 shares or 0.01% of all its holdings. Primecap Mngmt Commerce Ca invested in 23.94M shares or 2.96% of the stock.

Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 29 have Buy rating, 0 Sell and 9 Hold. Therefore 76% are positive. Adobe Systems had 135 analyst reports since August 11, 2015 according to SRatingsIntel. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Overweight” rating by Stephens on Wednesday, August 10. BMO Capital Markets maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Thursday, October 19. BMO Capital Markets has “Outperform” rating and $187 target. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Neutral” rating by Credit Suisse on Thursday, April 21. The firm has “Overweight” rating given on Friday, December 11 by KeyBanc Capital Markets. On Monday, June 12 the stock rating was downgraded by Pivotal Research to “Sell”. As per Sunday, September 3, the company rating was maintained by RBC Capital Markets. The firm has “Overweight” rating by KeyBanc Capital Markets given on Wednesday, November 22. Canaccord Genuity maintained the stock with “Buy” rating in Thursday, December 14 report. As per Wednesday, September 21, the company rating was maintained by Goldman Sachs. As per Thursday, January 12, the company rating was downgraded by Pivotal Research.

Since August 9, 2017, it had 1 insider purchase, and 7 insider sales for $6.56 million activity. Lewnes Ann sold $297,032 worth of stock. Another trade for 6,800 shares valued at $1.18 million was made by WARNOCK JOHN E on Friday, October 20. Another trade for 2,190 shares valued at $379,784 was sold by THOMPSON MATTHEW. 1,125 shares were bought by Banse Amy, worth $199,520.

Trust Department Mb Financial Bank N A, which manages about $933.01M US Long portfolio, decreased its stake in Citigroup Inc (NYSE:C) by 6,759 shares to 192,056 shares, valued at $13.97M in 2017Q3, according to the filing. It also reduced its holding in Cvs Health Corp (NYSE:CVS) by 39,658 shares in the quarter, leaving it with 73,421 shares, and cut its stake in Amazon.Com Inc (NASDAQ:AMZN).

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