Security National Bank Of Sioux City Iowa Has Trimmed Its Medtronic Plc (MDT) Holding by $520,000 as Stock Rose; As Adobe Systems (ADBE) Stock Price Rose, Shareholder Jag Capital Management Cut Stake by $352,728

June 17, 2018 - By Dolores Ford

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Security National Bank Of Sioux City Iowa decreased its stake in Medtronic Plc (MDT) by 22.3% based on its latest 2018Q1 regulatory filing with the SEC. Security National Bank Of Sioux City Iowa sold 6,500 shares as the company’s stock rose 4.71% while stock markets declined. The institutional investor held 22,650 shares of the electromedical & electrotherapeutic apparatus company at the end of 2018Q1, valued at $1.82 million, down from 29,150 at the end of the previous reported quarter. Security National Bank Of Sioux City Iowa who had been investing in Medtronic Plc for a number of months, seems to be less bullish one the $117.52B market cap company. The stock increased 0.24% or $0.21 during the last trading session, reaching $86.78. About 6.53M shares traded or 36.24% up from the average. Medtronic plc (NYSE:MDT) has risen 0.84% since June 17, 2017 and is uptrending. It has underperformed by 11.73% the S&P500. Some Historical MDT News: 24/05/2018 – MEDTRONIC PLC MDT.N FY2019 SHR VIEW $5.14 — THOMSON REUTERS l/B/E/S; 21/03/2018 – Moody’s Revises Medtronic’s Rating Outlook to Stable From Negative; 12/03/2018 – Applications Now Open for the 2018 Medtronic Global Champions Team; 23/04/2018 – MEDTRONIC PLC – APPROVAL WAS BASED ON CLINICAL DATA FROM COMPLEX LESION IMAGING COHORTS OF IN.PACT GLOBAL STUDY; 30/04/2018 – Fidelity Dividend Income Adds Comcast, Cuts Medtronic; 01/05/2018 – Medtronic Announces TiONIC Technology, a Titanium 3D Printed Platform for Spine Surgery Implants; 20/03/2018 – New Analyses Confirm Patients with Medtronic CRT Devices Experience Less Atrial Fibrillation, Are More Active; 24/05/2018 – MEDTRONIC SEES FY ADJ EPS $5.10 TO $5.15, EST. $5.15; 09/03/2018 – Medtronic EVP & CFO Karen Parkhill to Speak at Barclays Healthcare Conference; 02/05/2018 – Medtronic: U.S. FDA Approves Infuse Bone Graft in New Spine Surgery Indications Using PEEK Interbody Implants

Jag Capital Management Llc decreased its stake in Adobe Systems Inc (ADBE) by 1.47% based on its latest 2018Q1 regulatory filing with the SEC. Jag Capital Management Llc sold 1,633 shares as the company’s stock rose 14.81% while stock markets declined. The institutional investor held 109,525 shares of the prepackaged software company at the end of 2018Q1, valued at $23.67M, down from 111,158 at the end of the previous reported quarter. Jag Capital Management Llc who had been investing in Adobe Systems Inc for a number of months, seems to be less bullish one the $124.01 billion market cap company. The stock decreased 2.43% or $6.28 during the last trading session, reaching $251.82. About 7.64 million shares traded or 154.60% up from the average. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 70.50% since June 17, 2017 and is uptrending. It has outperformed by 57.93% the S&P500. Some Historical ADBE News: 15/03/2018 – ADOBE 1Q DIGITAL EXPERIENCE REV. $554M; 17/04/2018 – Adobe Announces Deal on Company Website; 20/03/2018 – Facebook and Adobe to buy wind power from Nebraska facility; 05/04/2018 – Adobe Systems Names John Murphy Exec VP, Chief Financial Officer; 10/05/2018 – Acxiom attracts complete buyout interest; 15/03/2018 – Photoshop maker Adobe’s revenue rises 24 percent; 19/03/2018 – PRESS RELEASE – ENEL SELLS ENERGY FROM NEW US WIND FARM TO FACEBOOK AND ADOBE; 15/05/2018 – POINTSTATE BOOSTED MSFT, ADBE, CRM, BAC, LYB IN 1Q: 13F; 16/03/2018 – ADOBE SYSTEMS INC ADBE.O : RBC RAISES TARGET PRICE TO $242 FROM $235; 15/03/2018 – CORRECT: ADOBE 2018 FORECAST REPORTED JAN. 22

More important recent Medtronic plc (NYSE:MDT) news were published by: Globenewswire.com which released: “Medtronic Launches New Clinician Programmer for Deep Brain Stimulation Therapy” on June 13, 2018, also Seekingalpha.com published article titled: “Medtronic plc 2018 Q4 – Results – Earnings Call Slides”, Globenewswire.com published: “Medtronic to Participate in Goldman Sachs Global Healthcare Conference” on May 29, 2018. More interesting news about Medtronic plc (NYSE:MDT) was released by: Seekingalpha.com and their article: “Buy Lockheed Martin On Weakness – Cramer’s Lightning Round (6/14/18)” with publication date: June 15, 2018.

Analysts await Medtronic plc (NYSE:MDT) to report earnings on August, 28. They expect $1.13 EPS, up 0.89% or $0.01 from last year’s $1.12 per share. MDT’s profit will be $1.53 billion for 19.20 P/E if the $1.13 EPS becomes a reality. After $1.42 actual EPS reported by Medtronic plc for the previous quarter, Wall Street now forecasts -20.42% negative EPS growth.

Investors sentiment increased to 1.08 in Q1 2018. Its up 0.06, from 1.02 in 2017Q4. It improved, as 80 investors sold MDT shares while 383 reduced holdings. 88 funds opened positions while 414 raised stakes. 1.04 billion shares or 0.00% more from 1.04 billion shares in 2017Q4 were reported. Davis owns 18,673 shares or 0.95% of their US portfolio. Ingalls Snyder Limited Liability Corporation accumulated 4,313 shares. Bowen Hanes & reported 0.02% of its portfolio in Medtronic plc (NYSE:MDT). Moreover, First Bancorp has 0.16% invested in Medtronic plc (NYSE:MDT). Regent Investment Management Ltd Liability Company reported 4,400 shares stake. Ogorek Anthony Joseph Adv reported 5,371 shares. Guardian Cap Lp owns 92,584 shares. 5,450 are owned by First Commonwealth Corporation Pa. Nbt Bankshares N A New York has invested 0.31% in Medtronic plc (NYSE:MDT). Teachers Retirement Of The State Of Kentucky reported 0.36% of its portfolio in Medtronic plc (NYSE:MDT). Canada Pension Plan Inv Board owns 2.56 million shares. Teacher Retirement System Of Texas reported 0.29% stake. Chilton Invest Ltd Liability Corporation has 0.14% invested in Medtronic plc (NYSE:MDT) for 46,059 shares. Polar Cap Ltd Liability Partnership has 0.43% invested in Medtronic plc (NYSE:MDT). Ent Fincl reported 2,751 shares.

Security National Bank Of Sioux City Iowa, which manages about $106.58M US Long portfolio, upped its stake in Apache Corp (NYSE:APA) by 16,205 shares to 55,728 shares, valued at $2.14M in 2018Q1, according to the filing. It also increased its holding in Baker Hughes A Ge Co Llc by 12,385 shares in the quarter, for a total of 42,303 shares, and has risen its stake in Cvs Health Corp (NYSE:CVS).

Among 30 analysts covering Medtronic (NYSE:MDT), 19 have Buy rating, 0 Sell and 11 Hold. Therefore 63% are positive. Medtronic had 89 analyst reports since August 10, 2015 according to SRatingsIntel. The company was maintained on Thursday, May 24 by Needham. On Friday, August 26 the stock rating was maintained by UBS with “Buy”. As per Tuesday, January 2, the company rating was upgraded by Bank of America. The rating was maintained by Jefferies on Wednesday, August 23 with “Buy”. The company was maintained on Friday, November 10 by BMO Capital Markets. On Wednesday, June 1 the stock rating was maintained by Wedbush with “Neutral”. Wells Fargo downgraded the stock to “Market Perform” rating in Monday, October 9 report. The firm has “Buy” rating by Needham given on Friday, August 26. The firm has “Hold” rating given on Wednesday, August 23 by Northland Capital. Barclays Capital maintained Medtronic plc (NYSE:MDT) on Wednesday, November 23 with “Overweight” rating.

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. Rockland Tru invested in 0.08% or 2,895 shares. Ameritas Investment Prtnrs stated it has 0.2% in Adobe Systems Incorporated (NASDAQ:ADBE). Boltwood Management invested 0.14% in Adobe Systems Incorporated (NASDAQ:ADBE). Personal Cap Advsrs stated it has 1,865 shares. Stonebridge Advisors Ltd Liability Com has invested 0.28% in Adobe Systems Incorporated (NASDAQ:ADBE). Eagle Ridge Investment stated it has 0.07% in Adobe Systems Incorporated (NASDAQ:ADBE). Td Capital Mngmt Ltd Liability Corp holds 101 shares or 0.01% of its portfolio. Whittier Tru invested in 3,584 shares. American Ins Tx has invested 0.86% in Adobe Systems Incorporated (NASDAQ:ADBE). Gsa Cap Prns Ltd Liability Partnership reported 0.24% stake. Argent Tru owns 2,772 shares. Country National Bank holds 452 shares. Nelson Roberts Investment Advsrs Ltd accumulated 304 shares. Price T Rowe Md holds 0.03% or 916,014 shares in its portfolio. Stifel Financial, a Missouri-based fund reported 559,114 shares.

Among 39 analysts covering Adobe Systems (NASDAQ:ADBE), 28 have Buy rating, 0 Sell and 11 Hold. Therefore 72% are positive. Adobe Systems had 164 analyst reports since August 11, 2015 according to SRatingsIntel. The company was maintained on Friday, December 11 by Pivotal Research. On Friday, March 16 the stock rating was maintained by Stephens with “Buy”. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Hold” rating given on Thursday, October 19 by Pivotal Research. Canaccord Genuity maintained it with “Buy” rating and $170 target in Wednesday, September 20 report. The firm earned “Buy” rating on Thursday, October 19 by Stifel Nicolaus. The firm has “Buy” rating by Canaccord Genuity given on Thursday, October 19. Credit Suisse maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Friday, March 16 with “Outperform” rating. Morgan Stanley maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Friday, June 16 with “Hold” rating. The firm earned “Hold” rating on Thursday, November 3 by Wunderlich. Credit Suisse upgraded it to “Outperform” rating and $150 target in Friday, March 24 report.

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 50.36 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.

Jag Capital Management Llc, which manages about $1.15 billion and $541.06 million US Long portfolio, upped its stake in Westrock Co by 67,225 shares to 216,950 shares, valued at $13.92 million in 2018Q1, according to the filing. It also increased its holding in Sony Corporation Sponsored Adr (NYSE:SNE) by 104,059 shares in the quarter, for a total of 357,455 shares, and has risen its stake in Charles Schwab Corp (NYSE:SCHW).

Since December 18, 2017, it had 0 insider purchases, and 16 sales for $87.63 million activity. WARNOCK JOHN E sold $671,316 worth of stock or 3,000 shares. Morris Donna sold $5.81 million worth of stock or 29,404 shares. 1,125 shares valued at $199,520 were bought by Banse Amy on Monday, December 18. LAMKIN BRYAN also sold $5.97 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, January 31. Lewnes Ann sold $658,148 worth of Adobe Systems Incorporated (NASDAQ:ADBE) on Thursday, March 22. On Wednesday, January 31 DILLON MICHAEL A sold $1.26 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) or 6,376 shares.

More notable recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Nasdaq.com which released: “Mid-Day Market Update: Dow Down Over 200 Points; Affimed Shares Plummet” on June 15, 2018, also Seekingalpha.com with their article: “Adobe Systems -3% despite Q2 beats (update)” published on June 14, 2018, 247Wallst.com published: “Record Revenue Not Enough to Pull Up Adobe” on June 15, 2018. More interesting news about Adobe Systems Incorporated (NASDAQ:ADBE) were released by: Streetinsider.com and their article: “After-Hours Movers 06/14: (VSTM) (HUYA) (VNCE) Higher; (GNK) (DEST) (ADBE) Lower (more…)” published on June 14, 2018 as well as Fool.com‘s news article titled: “Why Adobe Systems Stock Jumped 12.5% in May” with publication date: June 11, 2018.

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