Hendley & Co Decreased Adobe Systems Delaware (ADBE) Holding; 1 Analysts Bullish ABB Ltd (ABB) – The FinReviewer


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Hendley & Co Inc decreased Adobe Systems Inc Delaware (ADBE) stake by 34.61% reported in 2018Q3 SEC filing. Hendley & Co Inc sold 8,512 shares as Adobe Systems Inc Delaware (ADBE)’s stock declined 8.02%. The Hendley & Co Inc holds 16,080 shares with $4.34M value, down from 24,592 last quarter. Adobe Systems Inc Delaware now has $110.41 billion valuation. The stock increased 4.86% or $10.49 during the last trading session, reaching $226.19. About 4.04M shares traded. Adobe Inc. (NASDAQ:ADBE) has risen 39.79% since January 6, 2018 and is uptrending. It has outperformed by 39.79% the S&P500. Some Historical ADBE News: 28/03/2018 – Adobe Sensei and Leslie Jones of “Saturday Night Live” Take Center Stage at “Summit Sneaks”; 28/03/2018 – NVIDIA CORP – COLLABORATION WILL OPTIMIZE ADOBE SENSEI FOR NVIDIA GPUS; 15/03/2018 – ADOBE 1Q REV. $2.08B, EST. $2.05B; 18/05/2018 – Document Management Software 2018: Global Procurement Market Intelligence Report – Top Five Players are Adobe, OpenText, Dropbox, HP, and Oracle – ResearchAndMarkets.com; 21/05/2018 – Permira Announces Sale of Magento Commerce to Adobe for US$1.68 billion; 16/03/2018 – ADOBE SYSTEMS INC ADBE.O : MORGAN STANLEY RAISES TARGET PRICE TO $235 FROM $193; 16/04/2018 – ADOBE SAYS IS ACQUIRING SAYSPRING INC- BLOG; 05/04/2018 – Adobe Systems Names John Murphy Exec VP, Chief Financial Officer; 26/03/2018 – Adobe Advertising Cloud Selects TVSquared for Same-Day TV Reporting & Optimization; 27/03/2018 – DialogTech Deepens Integration with Adobe Experience Cloud

Among 3 analysts covering ABB (NYSE:ABB), 1 have Buy rating, 1 Sell and 1 Hold. Therefore 33% are positive. ABB had 3 analyst reports since July 11, 2018 according to SRatingsIntel. JP Morgan downgraded ABB Ltd (NYSE:ABB) on Monday, December 3 to “Underweight” rating. Citigroup upgraded the shares of ABB in report on Tuesday, September 4 to “Buy” rating. As per Wednesday, July 11, the company rating was upgraded by Jefferies. See ABB Ltd (NYSE:ABB) latest ratings:

03/12/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Underweight Downgrade
04/09/2018 Broker: Citigroup Old Rating: Neutral New Rating: Buy Upgrade
11/07/2018 Broker: Jefferies Old Rating: Underperform New Rating: Hold Upgrade

Investors sentiment increased to 0.98 in Q3 2018. Its up 0.01, from 0.97 in 2018Q2. It is positive, as 40 investors sold ADBE shares while 419 reduced holdings. 134 funds opened positions while 316 raised stakes. 386.22 million shares or 3.00% less from 398.19 million shares in 2018Q2 were reported. Invesco Limited invested in 0.52% or 6.16M shares. Bb&T Corporation has 43,895 shares for 0.21% of their portfolio. Enterprise Fincl Services Corporation reported 639 shares stake. Chicago Equity Partners Limited accumulated 0.85% or 106,692 shares. Exchange Capital, a Michigan-based fund reported 3,339 shares. Baldwin Mngmt Limited Liability has 0.71% invested in Adobe Inc. (NASDAQ:ADBE) for 9,150 shares. Adage Prns Group Ltd Limited Liability Company stated it has 0.38% in Adobe Inc. (NASDAQ:ADBE). Quantitative Systematic Strategies Lc has 9,660 shares for 0.5% of their portfolio. Parallax Volatility Advisers Limited Partnership holds 0.04% in Adobe Inc. (NASDAQ:ADBE) or 119,963 shares. Deutsche Commercial Bank Ag has 1.44 million shares. Shine Invest Advisory Ser stated it has 2,521 shares or 0.36% of all its holdings. Argent holds 0.28% or 9,045 shares. Canandaigua Bank & Trust And Tru has invested 0.66% of its portfolio in Adobe Inc. (NASDAQ:ADBE). Teacher Retirement System Of Texas invested in 246,628 shares. The West Virginia-based Mckinley Carter Wealth Services Incorporated has invested 0.12% in Adobe Inc. (NASDAQ:ADBE).

Since July 18, 2018, it had 2 buys, and 9 insider sales for $13.91 million activity. $608,539 worth of stock was sold by Lewnes Ann on Wednesday, December 19. Ricks David A bought 75 shares worth $16,244. The insider Parasnis Abhay sold 10,500 shares worth $2.73M. $3.94 million worth of Adobe Inc. (NASDAQ:ADBE) shares were sold by Rencher Bradley.

Among 14 analysts covering Adobe Systems (NASDAQ:ADBE), 11 have Buy rating, 0 Sell and 3 Hold. Therefore 79% are positive. Adobe Systems had 17 analyst reports since August 8, 2018 according to SRatingsIntel. The rating was maintained by Bank of America with “Buy” on Friday, September 14. Robert W. Baird maintained Adobe Inc. (NASDAQ:ADBE) rating on Friday, September 14. Robert W. Baird has “Outperform” rating and $290 target. As per Friday, September 14, the company rating was maintained by KeyBanc Capital Markets. Citigroup maintained it with “Buy” rating and $300 target in Monday, December 10 report. The stock of Adobe Inc. (NASDAQ:ADBE) earned “Buy” rating by Stifel Nicolaus on Friday, September 14. Morgan Stanley maintained it with “Equal-Weight” rating and $255 target in Friday, December 14 report. BMO Capital Markets maintained Adobe Inc. (NASDAQ:ADBE) on Friday, September 14 with “Outperform” rating. The stock of Adobe Inc. (NASDAQ:ADBE) earned “Outperform” rating by Credit Suisse on Friday, September 14. The stock of Adobe Inc. (NASDAQ:ADBE) has “Buy” rating given on Monday, September 17 by Argus Research. The stock of Adobe Inc. (NASDAQ:ADBE) earned “Neutral” rating by Guggenheim on Wednesday, August 8.

More notable recent Adobe Inc. (NASDAQ:ADBE) news were published by: Nasdaq.com which released: “Noteworthy Thursday Option Activity: ALGN, ADBE, UAL – Nasdaq” on January 03, 2019, also Nasdaq.com with their article: “Adobe reports Q4 earnings December 13 – Nasdaq” published on December 08, 2018, Nasdaq.com published: “Adobe (ADBE) 4th Quarter Earnings: What to Expect – Nasdaq” on December 13, 2018. More interesting news about Adobe Inc. (NASDAQ:ADBE) were released by: Nasdaq.com and their article: “After-Hours Earnings Report for December 13, 2018 : ADBE, COST, GTIM, CHKE – Nasdaq” published on December 13, 2018 as well as Nasdaq.com‘s news article titled: “Here’s Why Adobe (ADBE) Stock Looks Like a Buy Ahead of Earnings – Nasdaq” with publication date: December 07, 2018.

ABB Ltd manufactures and sells electrification, robotics and motion, power grid, and industrial automation products for utilities, transportation, infrastructure, and industrial clients worldwide. The company has market cap of $41.14 billion. The firm provides modular substation packages, distribution automation products, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, low- and medium-voltage switchgears, switches, DIN rail components, and installation materials for building, data center, rail, wind and solar, food and beverage, marine, and gas and oil industries. It has a 18.35 P/E ratio. It also offers motors, generators, variable speed drives, robots and robotics, solar inverters, wind converters, rectifiers, and excitation systems, as well as power quality and protection solutions, electric vehicle fast charging infrastructure solutions, and components and subsystems for railways, and related services for discrete automation, process industries, transportation, and utilities.

More notable recent ABB Ltd (NYSE:ABB) news were published by: Seekingalpha.com which released: “AbbVie teams up with Tizona in cancer – Seeking Alpha” on January 03, 2019, also Fool.com with their article: “Is ABB Stock a Buy for 2019? – The Motley Fool” published on January 03, 2019, Fool.com published: “Does ABB’s 4% Dividend Yield Make It a Stock to Buy Now? – The Motley Fool” on December 11, 2018. More interesting news about ABB Ltd (NYSE:ABB) were released by: Seekingalpha.com and their article: “Hitachi powers up with ABB acquisition – Seeking Alpha” published on December 17, 2018 as well as Streetinsider.com‘s news article titled: “Hitachi to Acquire ABB Ltd’s (ABB) Power Grids Business at $11B Valuation – StreetInsider.com” with publication date: December 18, 2018.

The stock increased 3.60% or $0.67 during the last trading session, reaching $19.29. About 1.63 million shares traded. ABB Ltd (NYSE:ABB) has declined 26.62% since January 6, 2018 and is downtrending. It has underperformed by 26.62% the S&P500. Some Historical ABB News: 06/03/2018 – Falanx Group Limited Proposed ABB and Conditional Acquisition; 16/05/2018 – BLOCK TRADE- HELLOFRESH: BOOKRUNNER SAYS OFFERING VIA PRIVATE PLACEMENT TO INSTITUTIONAL INVESTORS BY WAY OF ABB; 13/04/2018 – CALPERS – CURRENTLY, BOURQUI IS THE HEAD OF PENSION ASSETS AND LIABILITIES MANAGEMENT AT ABB GROUP; 22/03/2018 – GROWTHPOINT PROPERTIES ABB BOOKS ARE COVERED; 28/03/2018 – ABB FINANCE (USA) INC – ALSO OFFERING $750 MLN AGGREGATE PRINCIPAL AMOUNT OF 3.800% NOTES DUE 2028; 28/03/2018 – ABB FINANCE (USA) INC – ALSO OFFERING $450 MLN AGGREGATE PRINCIPAL AMOUNT OF 3.375% NOTES DUE 2023; 06/04/2018 – ABB to invest 100 mln eur in industrial automation campus in Austria; 24/04/2018 – BLOCK TRADE – ROYAL BAFOKENG PLATINUM: BOOKRUNNER SAYS FROM LIMITED MARKET SOUNDING EXERCISE HAVE VISIBILITY ON POTENTIAL INVESTOR INTEREST IN EXCESS OF FULL DEAL SIZE OF ABB; 29/03/2018 – ABB LTD ABBN.S CEO SAYS LATE CYCLE BUSINESS HAS STABILISED AND WILL GET BETTER TOWARDS END OF 2018; 29/03/2018 – ABB on the hunt for acquisitions in artificial intelligence

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Source: https://finreviewer.com/2019/01/06/hendley-1-analysts-bullish-abb-ltd-abb/

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