Westpac Banking Has Decreased Its Position in Adobe Sys (ADBE) by $7.12 Billion as Share Price Rose; As Allstate (ALL) Valuation Declined, Bokf Has Trimmed Holding by $890,864

April 24, 2018 - By Nellie Frank

Adobe Systems Incorporated (NASDAQ:ADBE) Logo

Bokf decreased its stake in Allstate Corp (ALL) by 12.36% based on its latest 2017Q4 regulatory filing with the SEC. Bokf sold 8,566 shares as the company’s stock declined 10.30% with the market. The institutional investor held 60,725 shares of the property-casualty insurers company at the end of 2017Q4, valued at $6.36M, down from 69,291 at the end of the previous reported quarter. Bokf who had been investing in Allstate Corp for a number of months, seems to be less bullish one the $34.30B market cap company. The stock decreased 1.51% or $1.49 during the last trading session, reaching $97.12. About 1.12 million shares traded. The Allstate Corporation (NYSE:ALL) has risen 15.17% since April 24, 2017 and is uptrending. It has outperformed by 3.62% the S&P500.

Westpac Banking Corp decreased its stake in Adobe Sys Inc (ADBE) by 56.66% based on its latest 2017Q4 regulatory filing with the SEC. Westpac Banking Corp sold 40,648 shares as the company’s stock rose 22.17% while stock markets declined. The institutional investor held 31,091 shares of the prepackaged software company at the end of 2017Q4, valued at $5.45B, down from 71,739 at the end of the previous reported quarter. Westpac Banking Corp who had been investing in Adobe Sys Inc for a number of months, seems to be less bullish one the $106.81B market cap company. The stock decreased 3.74% or $8.4165 during the last trading session, reaching $216.8835. About 2.57M 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.

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 43.38 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 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. Fmr Limited Liability holds 0.73% or 35.61M shares. Principal Fincl Grp has 0.14% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 897,341 shares. Barometer Cap Management holds 0.81% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 50,950 shares. Colony Gp Lc has invested 0.02% in Adobe Systems Incorporated (NASDAQ:ADBE). Umb National Bank N A Mo holds 27,268 shares. Fincl Counselors reported 0.08% in Adobe Systems Incorporated (NASDAQ:ADBE). Hennessy Advisors owns 0.01% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 2,380 shares. Gotham Asset Mngmt Lc stated it has 0.22% in Adobe Systems Incorporated (NASDAQ:ADBE). Dorsey & Whitney Tru Co, a South Dakota-based fund reported 4,437 shares. Nomura Asset Management stated it has 454,906 shares or 0.92% of all its holdings. Sumitomo Mitsui Asset Mgmt Ltd holds 0.11% or 43,498 shares. Segall Bryant And Hamill Limited Co reported 587,178 shares. Sg Americas Securities Limited Liability stated it has 0.17% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Ardsley Advisory Prns reported 61,000 shares. Ativo stated it has 0.44% in Adobe Systems Incorporated (NASDAQ:ADBE).

Westpac Banking Corp, which manages about $4401.01 billion US Long portfolio, upped its stake in Comcast Corp New (NASDAQ:CMCSA) by 94,894 shares to 1.04 million shares, valued at $41.85 billion in 2017Q4, according to the filing. It also increased its holding in Citizens Finl Group Inc (NYSE:CFG) by 25,130 shares in the quarter, for a total of 119,716 shares, and has risen its stake in Oasis Pete Inc New (NYSE:OAS).

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 rating was maintained by S&P Research on Monday, September 21 with “Hold”. The rating was initiated by Cowen & Co on Friday, June 24 with “Outperform”. Stifel Nicolaus maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Friday, November 10 with “Buy” rating. On Wednesday, September 21 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm earned “Buy” rating on Wednesday, August 30 by Cowen & Co. Robert W. Baird maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Friday, October 6 with “Buy” rating. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Outperform” rating given on Friday, October 2 by RBC Capital Markets. As per Wednesday, August 10, the company rating was initiated by Stephens. KeyBanc Capital Markets maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, October 18 with “Buy” rating. The rating was maintained by Stephens with “Buy” on Tuesday, January 2.

Since December 13, 2017, it had 1 buy, and 16 insider sales for $87.08 million activity. 14,000 shares valued at $3.03M were sold by WARNOCK JOHN E on Thursday, March 29. The insider DILLON MICHAEL A sold $1.26M. 21,276 shares were sold by GESCHKE CHARLES M, worth $3.97M on Wednesday, January 10. 29,404 shares were sold by Morris Donna, worth $5.81M. GARRETT MARK sold 54,488 shares worth $10.21M. Another trade for 1,125 shares valued at $199,520 was bought by Banse Amy.

Analysts await The Allstate Corporation (NYSE:ALL) to report earnings on May, 1 after the close. They expect $2.40 earnings per share, up 46.34% or $0.76 from last year’s $1.64 per share. ALL’s profit will be $847.54M for 10.12 P/E if the $2.40 EPS becomes a reality. After $2.09 actual earnings per share reported by The Allstate Corporation for the previous quarter, Wall Street now forecasts 14.83% EPS growth.

Investors sentiment increased to 0.96 in 2017 Q4. Its up 0.05, from 0.91 in 2017Q3. It increased, as 43 investors sold ALL shares while 308 reduced holdings. 101 funds opened positions while 236 raised stakes. 266.22 million shares or 1.14% more from 263.23 million shares in 2017Q3 were reported. Nelson Van Denburg And Campbell Wealth Management Gp Limited reported 15 shares stake. Harding Loevner Limited Partnership has 3,058 shares. Arrowstreet Partnership holds 0.36% in The Allstate Corporation (NYSE:ALL) or 1.42M shares. Adage Group Lc holds 0.1% or 404,996 shares. Monroe Natl Bank & Tru Mi has 1,536 shares for 0.04% of their portfolio. Pinnacle Fincl Partners stated it has 6,202 shares. M&R Inc holds 6,485 shares. Old Second Bancorporation Of Aurora holds 0.01% of its portfolio in The Allstate Corporation (NYSE:ALL) for 193 shares. 54,205 were reported by Cambridge Inv Research Advsrs. Canandaigua Fincl Bank & Com has invested 0.23% in The Allstate Corporation (NYSE:ALL). Connor Clark And Lunn Inv Mngmt Ltd reported 11,450 shares. Wealthcare Capital Mgmt Limited Liability Co accumulated 25 shares or 0% of the stock. Butensky And Cohen Security holds 18,831 shares or 1.63% of its portfolio. Waddell Reed Fin invested in 410,100 shares. Mitsubishi Ufj Tru & Bk has 0.14% invested in The Allstate Corporation (NYSE:ALL).

The Allstate Corporation (NYSE:ALL) Institutional Positions Chart

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