Ardsley Advisory Partners Has Cut Its Adobe Sys (ADBE) Holding by $5.96 Million; Riverpark Capital Management Holds Position in Chipotle Mexican Grill (CMG)

February 20, 2018 - By Louis Casey

Riverpark Capital Management Llc increased its stake in Chipotle Mexican Grill Inc (CMG) by 38.27% based on its latest 2017Q3 regulatory filing with the SEC. Riverpark Capital Management Llc bought 7,386 shares as the company’s stock rose 13.42% with the market. The institutional investor held 26,685 shares of the consumer services company at the end of 2017Q3, valued at $8.21 million, up from 19,299 at the end of the previous reported quarter. Riverpark Capital Management Llc who had been investing in Chipotle Mexican Grill Inc for a number of months, seems to be bullish on the $8.86 billion market cap company. The stock increased 3.73% or $11.4 during the last trading session, reaching $317.03. About 2.04 million shares traded or 52.29% up from the average. Chipotle Mexican Grill, Inc. (NYSE:CMG) has risen 7.62% since February 20, 2017 and is uptrending. It has underperformed by 9.08% the S&P500.

Philip Hempleman decreased its stake in Adobe Sys Inc (ADBE) by 44.44% based on its latest 2017Q3 regulatory filing with the SEC. Ardsley Advisory Partners sold 40,000 shares as the company’s stock rose 14.01% with the market. The hedge fund run by Philip Hempleman held 50,000 shares of the prepackaged software company at the end of 2017Q3, valued at $7.46 million, down from 90,000 at the end of the previous reported quarter. Ardsley Advisory Partners who had been investing in Adobe Sys Inc for a number of months, seems to be less bullish one the $99.53B market cap company. The stock increased 0.45% or $0.91 during the last trading session, reaching $202.47. About 2.11 million shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since February 20, 2017 and is uptrending. It has outperformed by 25.59% the S&P500.

Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 29 have Buy rating, 0 Sell and 9 Hold. Therefore 76% are positive. Adobe Systems had 140 analyst reports since August 11, 2015 according to SRatingsIntel. The company was maintained on Wednesday, September 21 by Goldman Sachs. The firm has “Buy” rating by Guggenheim given on Wednesday, January 10. The firm has “Buy” rating by Argus Research given on Friday, September 23. Vetr upgraded it to “Strong-Buy” rating and $86.24 target in Tuesday, September 8 report. The rating was downgraded by Pivotal Research to “Hold” on Thursday, January 12. On Wednesday, October 18 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. JP Morgan maintained the stock with “Overweight” rating in Wednesday, October 7 report. As per Wednesday, March 9, the company rating was maintained by Goldman Sachs. Jefferies maintained it with “Buy” rating and $190.0 target in Thursday, October 19 report. The firm has “Buy” rating by Rosenblatt given on Wednesday, June 22.

Ardsley Advisory Partners, which manages about $862.45 million and $751.91M US Long portfolio, upped its stake in Nationstar Mtg Hldgs Inc (NYSE:NSM) by 42,500 shares to 542,500 shares, valued at $10.07M in 2017Q3, according to the filing. It also increased its holding in Hi (NYSE:HCLP) by 75,000 shares in the quarter, for a total of 635,000 shares, and has risen its stake in Zimmer Biomet Hldgs Inc (ZMH).

Since September 13, 2017, it had 1 insider purchase, and 14 sales for $79.49 million activity. Lewnes Ann sold 1,953 shares worth $338,846. On Friday, October 20 the insider WARNOCK JOHN E sold $1.18M. On Tuesday, February 6 GARRETT MARK sold $10.21 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) or 54,488 shares. Shares for $199,520 were bought by Banse Amy. THOMPSON MATTHEW sold $10.16 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) on Friday, January 26. The insider DILLON MICHAEL A sold $3.51 million.

Investors sentiment increased to 1.11 in 2017 Q3. Its up 0.01, from 1.1 in 2017Q2. It improved, 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. Fund Management Sa holds 5,758 shares. Bluemountain Capital Ltd holds 0.1% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 31,694 shares. Brown Advisory Secs Ltd Liability invested 0.16% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Hsbc Public Limited reported 695,359 shares or 0.17% of all its holdings. Howe And Rusling invested in 33,139 shares. Murphy Cap Management Inc owns 1,827 shares or 0.04% of their US portfolio. Illinois-based North Star Management Corp has invested 0% in Adobe Systems Incorporated (NASDAQ:ADBE). Strs Ohio has 993,007 shares. Pitcairn holds 0.59% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 34,655 shares. Comerica Natl Bank holds 0.25% or 199,232 shares in its portfolio. American National Registered Invest Advisor Incorporated holds 0.55% or 7,312 shares. Folger Nolan Fleming Douglas has invested 0.3% in Adobe Systems Incorporated (NASDAQ:ADBE). Loring Wolcott And Coolidge Fiduciary Advisors Ltd Liability Partnership Ma invested in 0.2% or 68,939 shares. The United Kingdom-based Gulf International Commercial Bank (Uk) Ltd has invested 0.31% in Adobe Systems Incorporated (NASDAQ:ADBE). Asset Management accumulated 0.23% or 47,554 shares.

Analysts await Adobe Systems Incorporated (NASDAQ:ADBE) to report earnings on March, 15. They expect $1.06 earnings per share, up 35.90% or $0.28 from last year’s $0.78 per share. ADBE’s profit will be $521.06M for 47.75 P/E if the $1.06 EPS becomes a reality. After $1.05 actual earnings per share reported by Adobe Systems Incorporated for the previous quarter, Wall Street now forecasts 0.95% EPS growth.

Since February 15, 2018, it had 1 buying transaction, and 0 selling transactions for $145,440 activity.

Investors sentiment decreased to 0.69 in 2017 Q3. Its down 0.40, from 1.09 in 2017Q2. It dived, as 95 investors sold CMG shares while 157 reduced holdings. 43 funds opened positions while 132 raised stakes. 24.58 million shares or 1.73% less from 25.02 million shares in 2017Q2 were reported. Maple Cap Management has invested 1.3% of its portfolio in Chipotle Mexican Grill, Inc. (NYSE:CMG). Strs Ohio accumulated 0% or 3,312 shares. Gemmer Asset Limited Liability Corp accumulated 0% or 28 shares. Amp Capital Invsts Limited has 7,639 shares. Mufg Americas Holding Corp invested in 80 shares. Mirae Asset Invs has invested 0.01% of its portfolio in Chipotle Mexican Grill, Inc. (NYSE:CMG). Kbc Group Nv holds 0.01% or 3,037 shares in its portfolio. Nomura Asset Mgmt reported 0.01% in Chipotle Mexican Grill, Inc. (NYSE:CMG). Loring Wolcott Coolidge Fiduciary Advisors Llp Ma, a Massachusetts-based fund reported 408 shares. America First Invest Advsrs Ltd Limited Liability Company reported 18 shares. Global X Management Limited Liability Company holds 0.02% or 2,299 shares in its portfolio. Hhr Asset Management Ltd Liability Corp holds 4.01% of its portfolio in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 250,017 shares. Dillon & Associates holds 0.29% or 2,377 shares. Tiaa Cref Invest Mngmt Ltd Llc owns 0.05% invested in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 216,780 shares. Aviva Public Limited Company stated it has 17,284 shares or 0.03% of all its holdings.

Riverpark Capital Management Llc, which manages about $73.36 million and $768.48 million US Long portfolio, decreased its stake in Alphabet Inc by 3,668 shares to 20,909 shares, valued at $20.05M in 2017Q3, according to the filing. It also reduced its holding in Intuitive Surgical Inc (NASDAQ:ISRG) by 2,804 shares in the quarter, leaving it with 15,966 shares, and cut its stake in Cme Group Inc (NASDAQ:CME).

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