As Adobe Systems (ADBE) Share Value Rose, Folger Nolan Fleming Douglas Capital Management Has Decreased Its Stake by $311,500; Intuitive Surgical (ISRG) Holder Marketfield Asset Management Has Lifted Its Stake

April 24, 2018 - By reb123z

Adobe Systems Incorporated (NASDAQ:ADBE) Logo

Marketfield Asset Management Llc increased its stake in Intuitive Surgical Inc (ISRG) by 178.38% based on its latest 2017Q4 regulatory filing with the SEC. Marketfield Asset Management Llc bought 17,399 shares as the company’s stock rose 11.58% while stock markets declined. The institutional investor held 27,153 shares of the health care company at the end of 2017Q4, valued at $9.91M, up from 9,754 at the end of the previous reported quarter. Marketfield Asset Management Llc who had been investing in Intuitive Surgical Inc for a number of months, seems to be bullish on the $49.52B market cap company. The stock decreased 2.41% or $10.79 during the last trading session, reaching $437.05. About 822,168 shares traded. Intuitive Surgical, Inc. (NASDAQ:ISRG) has risen 58.43% since April 24, 2017 and is uptrending. It has outperformed by 46.88% the S&P500.

Folger Nolan Fleming Douglas Capital Management Inc decreased its stake in Adobe Systems Incorporated (ADBE) by 12.69% based on its latest 2017Q4 regulatory filing with the SEC. Folger Nolan Fleming Douglas Capital Management Inc sold 1,780 shares as the company’s stock rose 22.17% while stock markets declined. The institutional investor held 12,242 shares of the prepackaged software company at the end of 2017Q4, valued at $2.15M, down from 14,022 at the end of the previous reported quarter. Folger Nolan Fleming Douglas Capital Management Inc who had been investing in Adobe Systems Incorporated for a number of months, seems to be less bullish one the $107.16B market cap company. The stock decreased 3.42% or $7.71 during the last trading session, reaching $217.59. About 2.04M shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 66.71% since April 24, 2017 and is uptrending. It has outperformed by 55.16% the S&P500.

Folger Nolan Fleming Douglas Capital Management Inc, which manages about $721.63M and $716.60M US Long portfolio, upped its stake in Ishares Nasdaq Biotech Index (IBB) by 29,693 shares to 43,957 shares, valued at $4.69 million in 2017Q4, according to the filing.

Among 39 analysts covering Adobe Systems (NASDAQ:ADBE), 28 have Buy rating, 0 Sell and 11 Hold. Therefore 72% are positive. Adobe Systems had 157 analyst reports since August 11, 2015 according to SRatingsIntel. The firm has “Perform” rating by Oppenheimer given on Wednesday, September 2. The company was maintained on Friday, December 15 by Robert W. Baird. The stock has “Outperform” rating by Cowen & Co on Wednesday, September 21. The firm earned “Buy” rating on Tuesday, March 13 by Bank of America. Deutsche Bank downgraded Adobe Systems Incorporated (NASDAQ:ADBE) rating on Monday, October 16. Deutsche Bank has “Hold” rating and $160.0 target. Pivotal Research downgraded the shares of ADBE in report on Monday, June 12 to “Sell” rating. The firm earned “Hold” rating on Thursday, January 12 by Pivotal Research. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Hold” rating by JMP Securities on Monday, March 26. On Friday, December 11 the stock rating was maintained by JP Morgan with “Overweight”. The rating was maintained by Jefferies on Thursday, October 19 with “Buy”.

Since December 13, 2017, it had 1 buying transaction, and 16 insider sales for $87.08 million activity. Rencher Bradley sold 18,410 shares worth $3.63 million. On Wednesday, January 10 the insider GESCHKE CHARLES M sold $3.97M. THOMPSON MATTHEW sold 50,775 shares worth $10.16M. The insider DILLON MICHAEL A sold 6,376 shares worth $1.26M. 3,000 shares were sold by WARNOCK JOHN E, worth $671,316. Another trade for 29,404 shares valued at $5.81M was sold by Morris Donna.

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 $615.59 million for 43.52 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.

Investors sentiment decreased to 0.89 in 2017 Q4. Its down 0.22, from 1.11 in 2017Q3. It dropped, as 47 investors sold ADBE shares while 389 reduced holdings. 107 funds opened positions while 280 raised stakes. 410.42 million shares or 1.09% less from 414.95 million shares in 2017Q3 were reported. Orrstown Financial has invested 1.49% in Adobe Systems Incorporated (NASDAQ:ADBE). Meiji Yasuda Life Company holds 12,460 shares. Tortoise Investment Management Ltd Liability reported 150 shares or 0.01% of all its holdings. Lmr Ptnrs Llp holds 0.35% in Adobe Systems Incorporated (NASDAQ:ADBE) or 19,241 shares. Suvretta Cap Management Ltd Liability Corporation has 2.26 million shares for 9.36% of their portfolio. Goelzer Investment holds 0.28% in Adobe Systems Incorporated (NASDAQ:ADBE) or 14,000 shares. Rosenblum Silverman Sutton S F Ca invested in 57,236 shares. Commerzbank Aktiengesellschaft Fi holds 0.16% or 71,479 shares. Meyer Handelman Com holds 2,500 shares or 0.02% of its portfolio. Stifel Fin Corporation holds 0.31% or 549,135 shares in its portfolio. Leavell Invest Inc reported 0.49% in Adobe Systems Incorporated (NASDAQ:ADBE). Schroder Investment Management Gp reported 0.2% stake. Wellington Grp Llp reported 4.62 million shares. Plante Moran Financial Ltd Liability Com has invested 0.08% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Cornerstone Advsrs holds 27,000 shares.

Investors sentiment increased to 12.48 in Q4 2017. Its up 11.44, from 1.04 in 2017Q3. It improved, as 23 investors sold ISRG shares while 21 reduced holdings. 91 funds opened positions while 458 raised stakes. 191.92 million shares or 430.23% more from 36.20 million shares in 2017Q3 were reported. Edgestream LP owns 718 shares. Korea-based Mirae Asset Glob Communications Limited has invested 0.05% in Intuitive Surgical, Inc. (NASDAQ:ISRG). Savant Capital Llc reported 600 shares. Moreover, Glg Ltd Llc has 0.15% invested in Intuitive Surgical, Inc. (NASDAQ:ISRG). Norinchukin Natl Bank The has 22,632 shares. State Street, a Massachusetts-based fund reported 4.67 million shares. Canada Pension Plan Investment Board has invested 0.04% in Intuitive Surgical, Inc. (NASDAQ:ISRG). Tortoise Invest Mngmt Limited Com owns 0.13% invested in Intuitive Surgical, Inc. (NASDAQ:ISRG) for 1,239 shares. 903 are held by Capstone Investment Lc. Fjarde Ap has invested 0.18% in Intuitive Surgical, Inc. (NASDAQ:ISRG). San Francisco Sentry Invest Gru (Ca) holds 0.01% in Intuitive Surgical, Inc. (NASDAQ:ISRG) or 72 shares. 36,000 were reported by Bedrijfstakpensioenfonds Voor De Media Pno. Moreover, Eqis Cap has 0.03% invested in Intuitive Surgical, Inc. (NASDAQ:ISRG). Putnam Investments Ltd Liability Corp has invested 0.27% in Intuitive Surgical, Inc. (NASDAQ:ISRG). Bokf Na accumulated 6,370 shares.

Among 20 analysts covering Intuitive Surgical Inc (NASDAQ:ISRG), 14 have Buy rating, 1 Sell and 5 Hold. Therefore 70% are positive. Intuitive Surgical Inc had 77 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, July 22 by Canaccord Genuity. The rating was maintained by Canaccord Genuity with “Hold” on Tuesday, January 2. The stock of Intuitive Surgical, Inc. (NASDAQ:ISRG) earned “Overweight” rating by Morgan Stanley on Wednesday, April 18. Barclays Capital maintained Intuitive Surgical, Inc. (NASDAQ:ISRG) rating on Wednesday, July 20. Barclays Capital has “Overweight” rating and $750 target. On Thursday, July 20 the stock rating was maintained by Piper Jaffray with “Hold”. RBC Capital Markets maintained the stock with “Sector Perform” rating in Thursday, January 7 report. The stock of Intuitive Surgical, Inc. (NASDAQ:ISRG) has “Buy” rating given on Monday, September 25 by Wedbush. The firm has “Buy” rating by Goldman Sachs given on Thursday, November 16. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, April 18. Piper Jaffray maintained Intuitive Surgical, Inc. (NASDAQ:ISRG) on Thursday, January 25 with “Hold” rating.

Marketfield Asset Management Llc, which manages about $9.70B and $371.41 million US Long portfolio, decreased its stake in Masco Corp (NYSE:MAS) by 7,668 shares to 97,106 shares, valued at $4.27 million in 2017Q4, according to the filing. It also reduced its holding in Spdr Series Trust (XHB) by 13,525 shares in the quarter, leaving it with 171,334 shares, and cut its stake in Spdr Series Trust (XOP).

Since October 26, 2017, it had 0 insider buys, and 19 insider sales for $94.98 million activity. RUBASH MARK J sold $420,006 worth of stock. Shares for $3.34 million were sold by Brogna Salvatore on Thursday, March 1. On Thursday, April 19 SMITH LONNIE M sold $21.31M worth of Intuitive Surgical, Inc. (NASDAQ:ISRG) or 46,667 shares. GUTHART GARY S sold $3.20M worth of stock or 7,724 shares. The insider Myriam Curet sold $113,053. 6,000 shares were sold by MELTZER MARK J, worth $2.52 million on Tuesday, February 20.

Intuitive Surgical, Inc. (NASDAQ:ISRG) Institutional Positions Chart

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