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Picton Mahoney Asset Management Has Boosted Micron Technology (MU) Position; Adobe Systems (ADBE) Sentiment Is 1.11

Adobe Systems Incorporated operates as a diversified software firm worldwide. The company has market cap of $96.08 billion. The Company’s Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content. It has a 57.67 P/E ratio. This segmentÂ’s flagship product is Creative Cloud, a subscription service that allows clients to download and install the latest versions of its creative products.

Picton Mahoney Asset Management increased Micron Technology Inc (MU) stake by 22.66% reported in 2017Q3 SEC filing. Picton Mahoney Asset Management acquired 82,000 shares as Micron Technology Inc (MU)’s stock rose 19.14%. The Picton Mahoney Asset Management holds 443,900 shares with $17.46 million value, up from 361,900 last quarter. Micron Technology Inc now has $49.70 billion valuation. The stock decreased 2.29% or $1.005 during the last trading session, reaching $42.985. About 17.85M shares traded. Micron Technology, Inc. (NASDAQ:MU) has risen 176.27% since January 19, 2017 and is uptrending. It has outperformed by 159.57% the S&P500.

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 $522.52 million for 45.97 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.

Ratings analysis reveals 71% of Adobe Systems’s analysts are positive. Out of 7 Wall Street analysts rating Adobe Systems, 5 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $115.0 while the high is $150.0. The stock’s average target of $126.20 is -35.25% below today’s ($194.91) share price. ADBE was included in 7 notes of analysts from September 21, 2016. The stock has “Market Perform” rating by Wells Fargo on Wednesday, January 11. On Wednesday, September 21 the stock rating was maintained by RBC Capital Markets with “Outperform”. Pivotal Research maintained the shares of ADBE in report on Wednesday, September 21 with “Buy” rating. The firm has “Buy” rating by Guggenheim given on Thursday, April 13. Stifel Nicolaus initiated Adobe Systems Incorporated (NASDAQ:ADBE) rating on Wednesday, April 12. Stifel Nicolaus has “Buy” rating and $150.0 target. On Thursday, January 5 the stock rating was initiated by BMO Capital Markets with “Outperform”. On Thursday, November 3 the stock rating was maintained by Wunderlich with “Hold”.

Since January 1, 0001, it had 1 insider buy, and 7 selling transactions for $6.56 million activity.

The stock decreased 0.66% or $1.29 during the last trading session, reaching $194.91. About 765,931 shares traded. Adobe Systems Incorporated (ADBE) has risen 42.29% since January 19, 2017 and is uptrending. It has outperformed by 25.59% the S&P500.

Family Capital Trust Co holds 37.26% of its portfolio in Adobe Systems Incorporated for 494,348 shares. Suvretta Capital Management Llc owns 2.52 million shares or 10.61% of their US portfolio. Moreover, Polen Capital Management Llc has 7.55% invested in the company for 6.29 million shares. The New York-based Fic Capital Inc has invested 7.36% in the stock. Tiger Management L.L.C., a New York-based fund reported 225,800 shares.

Investors sentiment increased to 1.37 in 2017 Q3. Its up 0.29, from 1.08 in 2017Q2. It increased, as 52 investors sold MU shares while 205 reduced holdings. 114 funds opened positions while 237 raised stakes. 886.67 million shares or 6.47% more from 832.79 million shares in 2017Q2 were reported. First Dallas Secs accumulated 18,375 shares or 0.5% of the stock. Com Fincl Bank accumulated 26,156 shares. Parallax Volatility Advisers Lp owns 286,530 shares. Cullinan holds 0.02% or 6,000 shares. Plante Moran Fincl Advisors holds 0.01% or 283 shares in its portfolio. 29,325 are owned by Regent Inv Management Limited Liability Co. Benjamin F Edwards And reported 0.07% stake. Ifrah Finance, a Arkansas-based fund reported 13,704 shares. Pennsylvania-based Symmetry Peak Mgmt Limited Co has invested 0.22% in Micron Technology, Inc. (NASDAQ:MU). Bbr Prns Limited Liability Co invested 0.05% in Micron Technology, Inc. (NASDAQ:MU). Alpha Windward Lc holds 0.04% or 1,818 shares in its portfolio. Federated Incorporated Pa holds 0% of its portfolio in Micron Technology, Inc. (NASDAQ:MU) for 41,406 shares. Bnp Paribas Asset Mgmt Hldg Sa has 0.08% invested in Micron Technology, Inc. (NASDAQ:MU) for 245,668 shares. Parametric Associate Lc has invested 0.15% in Micron Technology, Inc. (NASDAQ:MU). Hancock accumulated 54,288 shares.

Picton Mahoney Asset Management decreased Melco Resort Entertainment L (NASDAQ:MPEL) stake by 108,300 shares to 44,800 valued at $1.08 million in 2017Q3. It also reduced Kraft Heinz Co stake by 5,500 shares and now owns 121,150 shares. Albemarle Corp (NYSE:ALB) was reduced too.

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