As Suntrust Bks (STI) Share Value Rose, Court Place Advisors Lifted Its Position; South State Upped Its Stake in Adobe Sys (ADBE) by $614,697 as Stock Value Rose

May 19, 2018 - By Ellis Scott

Adobe Systems Incorporated (NASDAQ:ADBE) Logo

Court Place Advisors Llc increased its stake in Suntrust Bks Inc (STI) by 0.06% based on its latest 2017Q4 regulatory filing with the SEC. Court Place Advisors Llc bought 6 shares as the company’s stock rose 1.41% while stock markets declined. The institutional investor held 9,711 shares of the finance company at the end of 2017Q4, valued at $627.22 million, up from 9,705 at the end of the previous reported quarter. Court Place Advisors Llc who had been investing in Suntrust Bks Inc for a number of months, seems to be bullish on the $32.25 billion market cap company. The stock decreased 1.05% or $0.73 during the last trading session, reaching $68.65. About 1.80M shares traded. SunTrust Banks, Inc. (NYSE:STI) has risen 22.73% since May 19, 2017 and is uptrending. It has outperformed by 11.18% the S&P500.

South State Corp increased its stake in Adobe Sys Inc (ADBE) by 13.28% based on its latest 2017Q4 regulatory filing with the SEC. South State Corp bought 3,359 shares as the company’s stock rose 22.17% while stock markets declined. The institutional investor held 28,652 shares of the prepackaged software company at the end of 2017Q4, valued at $5.27M, up from 25,293 at the end of the previous reported quarter. South State Corp who had been investing in Adobe Sys Inc for a number of months, seems to be bullish on the $117.25 billion market cap company. The stock increased 0.52% or $1.24 during the last trading session, reaching $238.09. About 1.42 million shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 66.71% since May 19, 2017 and is uptrending. It has outperformed by 55.16% the S&P500.

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. Credit Suisse upgraded Adobe Systems Incorporated (NASDAQ:ADBE) rating on Friday, March 24. Credit Suisse has “Outperform” rating and $150 target. The rating was maintained by Piper Jaffray on Friday, December 15 with “Buy”. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Neutral” rating given on Thursday, April 21 by Credit Suisse. The rating was maintained by Robert W. Baird with “Buy” on Thursday, March 15. The firm has “Buy” rating by Dougherty & Company given on Monday, April 4. Canaccord Genuity maintained the shares of ADBE in report on Thursday, December 14 with “Buy” rating. On Wednesday, December 13 the stock rating was maintained by Bank of America with “Buy”. KeyBanc Capital Markets maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Tuesday, September 26 with “Buy” rating. Piper Jaffray initiated the shares of ADBE in report on Tuesday, July 26 with “Overweight” rating. As per Tuesday, December 8, the company rating was maintained by Deutsche Bank.

More important recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Finance.Yahoo.com which released: “Should You Buy DocuSign After its Post-IPO Surge?” on May 18, 2018, also Seekingalpha.com published article titled: “DocuSign raises IPO price range”, Nasdaq.com published: “Don’t Let Adobe (ADBE) Stock Slip Through Your Fingers” on May 10, 2018. More interesting news about Adobe Systems Incorporated (NASDAQ:ADBE) was released by: Streetinsider.com and their article: “Loeb’s Third Point LLC Enters Adobe (ADBE), EA (EA), Wynn (WYN) (more…) – 13F” with publication date: May 15, 2018.

Since December 13, 2017, it had 1 buying transaction, and 17 selling transactions for $87.77 million activity. $10.21 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) shares were sold by GARRETT MARK. Shares for $658,148 were sold by Lewnes Ann. On Wednesday, January 24 Rencher Bradley sold $3.63 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) or 18,410 shares. On Wednesday, January 31 LAMKIN BRYAN sold $5.97 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) or 30,000 shares. The insider Banse Amy bought $199,520. Shares for $3.03 million were sold by WARNOCK JOHN E on Thursday, March 29.

South State Corp, which manages about $926.19 million US Long portfolio, decreased its stake in Boeing Company (NYSE:BA) by 2,029 shares to 39,344 shares, valued at $11.60M in 2017Q4, according to the filing. It also reduced its holding in Conocophillips (NYSE:COP) by 25,989 shares in the quarter, leaving it with 105,908 shares, and cut its stake in Expedia Inc (NASDAQ:EXPE).

Investors sentiment decreased to 0.89 in Q4 2017. Its down 0.22, from 1.11 in 2017Q3. It fall, 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. Federated Inc Pa reported 138,023 shares. M&T Commercial Bank Corp invested in 83,299 shares or 0.08% of the stock. Hardman Johnston Glob Advisors Ltd Liability Co holds 2.46% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 331,019 shares. Hennessy Advsr stated it has 0.01% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Dixon Hubard Feinour Brown Va holds 32,477 shares or 1.54% of its portfolio. Lombard Odier Asset Management (Europe) Limited reported 5,398 shares or 0.06% of all its holdings. Clearbridge Ltd Liability holds 0.65% or 4.00M shares. Moneta Investment Advsr Limited Liability accumulated 5 shares or 0% of the stock. 3,287 were accumulated by Hancock Comm. Pioneer Tru Comml Bank N A Or holds 2,500 shares. Koch Industry accumulated 6,903 shares or 0.18% of the stock. Panagora Asset Mgmt reported 522,454 shares. Crestwood Capital LP stated it has 5.39% in Adobe Systems Incorporated (NASDAQ:ADBE). Hhr Asset Mngmt Ltd Co, New Jersey-based fund reported 424,318 shares. 551 were reported by Fincl Ser Corporation.

Since January 23, 2018, it had 2 buys, and 5 sales for $1.53 million activity. 6,000 shares were bought by VOORHEES STEVEN C, worth $395,760 on Friday, May 4. The insider Scanlan Agnes Bundy sold $101,025. Johnson Susan S sold $255,737 worth of SunTrust Banks, Inc. (NYSE:STI) on Tuesday, February 20. Chancy Mark A had sold 7,500 shares worth $525,975. 29,248 SunTrust Banks, Inc. (NYSE:STI) shares with value of $507,911 were sold by Lienhard Jerome T.

Among 35 analysts covering Suntrust Banks Inc. (NYSE:STI), 16 have Buy rating, 0 Sell and 19 Hold. Therefore 46% are positive. Suntrust Banks Inc. had 118 analyst reports since July 20, 2015 according to SRatingsIntel. The stock of SunTrust Banks, Inc. (NYSE:STI) earned “Hold” rating by Jefferies on Monday, October 19. Keefe Bruyette & Woods maintained the shares of STI in report on Thursday, December 21 with “Buy” rating. Wedbush upgraded SunTrust Banks, Inc. (NYSE:STI) rating on Monday, May 1. Wedbush has “Outperform” rating and $63 target. The stock of SunTrust Banks, Inc. (NYSE:STI) has “Hold” rating given on Friday, July 7 by BMO Capital Markets. The firm earned “Neutral” rating on Thursday, October 26 by Nomura. The stock of SunTrust Banks, Inc. (NYSE:STI) earned “Equal-Weight” rating by Barclays Capital on Monday, October 23. The firm earned “Hold” rating on Wednesday, June 28 by BMO Capital Markets. The firm earned “Neutral” rating on Thursday, December 21 by Wedbush. The firm has “Neutral” rating by Susquehanna given on Tuesday, June 7. The firm has “Hold” rating given on Thursday, August 27 by Zacks.

Investors sentiment increased to 1.09 in 2017 Q4. Its up 0.18, from 0.91 in 2017Q3. It is positive, as 38 investors sold STI shares while 239 reduced holdings. 100 funds opened positions while 202 raised stakes. 381.57 million shares or 1.65% more from 375.36 million shares in 2017Q3 were reported. Regions Fincl invested in 432,951 shares or 0.3% of the stock. Moreover, Brandywine Glob Inv Management Limited has 0.21% invested in SunTrust Banks, Inc. (NYSE:STI) for 551,149 shares. Mutual Of America has invested 0.06% in SunTrust Banks, Inc. (NYSE:STI). Institute For Wealth Management Ltd Liability Com has 0.13% invested in SunTrust Banks, Inc. (NYSE:STI). Panagora Asset Mngmt has 0.14% invested in SunTrust Banks, Inc. (NYSE:STI) for 577,872 shares. Moreover, Hotchkis And Wiley Cap Ltd Liability Company has 0.05% invested in SunTrust Banks, Inc. (NYSE:STI) for 202,867 shares. Moreover, Wespac Advsr Limited Liability Company has 0.45% invested in SunTrust Banks, Inc. (NYSE:STI) for 7,527 shares. Advantus Management reported 47,950 shares or 0.08% of all its holdings. Principal Inc invested 0.06% of its portfolio in SunTrust Banks, Inc. (NYSE:STI). Van Hulzen Asset Llc stated it has 51,200 shares. The New York-based Tower Rech Capital Ltd (Trc) has invested 0.08% in SunTrust Banks, Inc. (NYSE:STI). Salem Counselors Inc owns 7,957 shares for 0.06% of their portfolio. Reilly Fincl Advsr Ltd Liability Corp invested 0% in SunTrust Banks, Inc. (NYSE:STI). Aqr Capital Ltd Limited Liability Company reported 4.02 million shares stake. State Teachers Retirement, a New York-based fund reported 890,556 shares.

More news for SunTrust Banks, Inc. (NYSE:STI) were recently published by: Bizjournals.com, which released: “Growth plans: Both big and small banks set to expand locally” on April 26, 2018. Seekingalpha.com‘s article titled: “SunTrust discloses possible data theft” and published on April 20, 2018 is yet another important article.

Court Place Advisors Llc, which manages about $189.65 million and $242.24 billion US Long portfolio, decreased its stake in Home Depot Inc (NYSE:HD) by 121 shares to 24,066 shares, valued at $4.56 billion in 2017Q4, according to the filing. It also reduced its holding in Automatic Data Processing In (NASDAQ:ADP) by 147 shares in the quarter, leaving it with 75,035 shares, and cut its stake in Facebook Inc (NASDAQ:FB).

SunTrust Banks, Inc. (NYSE:STI) Institutional Positions Chart

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