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Cullen Frost Bankers Position in Adobe Systems Com (ADBE) Decreased by $490,875; Steinberg Asset Management Has Cut Its Viasat (VSAT) Position by $2.91 Million as Stock Declined

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Cullen Frost Bankers Inc decreased its stake in Adobe Systems Inc Com (ADBE) by 5.84% based on its latest 2017Q4 regulatory filing with the SEC. Cullen Frost Bankers Inc sold 2,805 shares as the company’s stock rose 22.17% while stock markets declined. The institutional investor held 45,193 shares of the prepackaged software company at the end of 2017Q4, valued at $7.92M, down from 47,998 at the end of the previous reported quarter. Cullen Frost Bankers Inc who had been investing in Adobe Systems Inc Com for a number of months, seems to be less bullish one the $116.80 billion market cap company. The stock decreased 0.09% or $0.22 during the last trading session, reaching $237.17. About 735,843 shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 66.71% since May 17, 2017 and is uptrending. It has outperformed by 55.16% the S&P500.

Steinberg Asset Management Llc decreased its stake in Viasat Inc (VSAT) by 16.32% based on its latest 2017Q4 regulatory filing with the SEC. Steinberg Asset Management Llc sold 39,315 shares as the company’s stock declined 6.64% with the market. The hedge fund held 201,610 shares of the technology company at the end of 2017Q4, valued at $15.09M, down from 240,925 at the end of the previous reported quarter. Steinberg Asset Management Llc who had been investing in Viasat Inc for a number of months, seems to be less bullish one the $3.71B market cap company. The stock increased 0.38% or $0.24 during the last trading session, reaching $62.96. About 185,662 shares traded. Viasat, Inc. (NASDAQ:VSAT) has risen 8.04% since May 17, 2017 and is uptrending. It has underperformed by 3.51% the S&P500.

Since December 13, 2017, it had 1 buy, and 16 selling transactions for $87.08 million activity. The insider WARNOCK JOHN E sold 3,000 shares worth $671,316. Lewnes Ann had sold 1,953 shares worth $338,846. LAMKIN BRYAN sold 30,000 shares worth $5.97M. 54,488 shares were sold by GARRETT MARK, worth $10.21 million. 18,410 shares valued at $3.63 million were sold by Rencher Bradley on Wednesday, January 24. Banse Amy had bought 1,125 shares worth $199,520.

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. Stifel Nicolaus maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Monday, March 12 with “Buy” rating. Jefferies maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Friday, September 18 with “Buy” rating. Pacific Crest maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Wednesday, September 21. Pacific Crest has “Overweight” rating and $122 target. BMO Capital Markets maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Monday, September 25. BMO Capital Markets has “Buy” rating and $165.0 target. The stock has “Outperform” rating by Credit Suisse on Friday, March 16. As per Wednesday, September 21, the company rating was maintained by Morgan Stanley. As per Friday, December 11, the company rating was maintained by KeyBanc Capital Markets. Jefferies maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Thursday, October 19 with “Buy” rating. The rating was maintained by Goldman Sachs on Wednesday, March 9 with “Neutral”. Pivotal Research downgraded the shares of ADBE in report on Thursday, January 12 to “Hold” rating.

Investors sentiment decreased to 0.89 in 2017 Q4. 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. Sumitomo Life Insurance holds 0.61% or 27,847 shares in its portfolio. Cetera Advisor Netwr Ltd Liability has invested 0.03% in Adobe Systems Incorporated (NASDAQ:ADBE). Moreover, Amp Capital Invsts has 0.37% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Livingston Gp Asset Mngmt (Operating As Southport Cap Management) holds 0.17% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 2,512 shares. Hanseatic Mngmt has 2,421 shares. Everence Capital Management Incorporated reported 10,776 shares. Moreover, Coatue Ltd Company has 0.78% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 566,149 shares. Waratah Capital holds 0.15% or 7,295 shares. Lockheed Martin Investment Mngmt stated it has 0.11% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). 433,318 were accumulated by Nordea Ab. Triangle Secs Wealth Mgmt stated it has 6,849 shares. Comml Bank Of Stockton reported 6,150 shares. Guardian Life Insurance Of America holds 0.06% or 1,597 shares in its portfolio. 3,692 were accumulated by Associated Banc. Tributary Capital Management Limited Liability reported 0.06% stake.

Cullen Frost Bankers Inc, which manages about $3.16 billion US Long portfolio, upped its stake in Ishares Core S&P 500 Etf (IVV) by 1,154 shares to 3,374 shares, valued at $907,000 in 2017Q4, according to the filing. It also increased its holding in Vanguard Small (VB) by 3,220 shares in the quarter, for a total of 186,350 shares, and has risen its stake in Vanguard Mid Cap Etf (VO).

More notable recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Nasdaq.com which released: “Don’t Let Adobe (ADBE) Stock Slip Through Your Fingers” on May 10, 2018, also Streetinsider.com with their article: “Lone Pine’s 13F Shows New Stake in Dollar Tree (DLTR), Square (SQ), T-Mobile (TMUS) (more…)” published on May 15, 2018, Seekingalpha.com published: “DocuSign raises IPO price range” on April 25, 2018. More interesting news about Adobe Systems Incorporated (NASDAQ:ADBE) were released by: Investorplace.com and their article: “25 Unstoppable Stocks to Buy No Matter What” published on May 16, 2018 as well as Streetinsider.com‘s news article titled: “Loeb’s Third Point LLC Enters Adobe (ADBE), EA (EA), Wynn (WYN) (more…) – 13F” with publication date: May 15, 2018.

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 47.43 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 1.38 in Q4 2017. Its down 0.05, from 1.43 in 2017Q3. It turned negative, as 16 investors sold VSAT shares while 53 reduced holdings. 37 funds opened positions while 58 raised stakes. 61.56 million shares or 4.84% more from 58.72 million shares in 2017Q3 were reported. Riverhead Cap Limited Liability Company invested in 4,453 shares or 0.01% of the stock. Iberiabank, a Louisiana-based fund reported 3,005 shares. Numeric Invsts Ltd Liability Corp holds 4,000 shares or 0% of its portfolio. Weaver C Barksdale & Associate reported 118 shares. Federated Invsts Pa has 22,266 shares. Barclays Pcl holds 0% or 11,996 shares in its portfolio. Amalgamated Retail Bank holds 0.02% in Viasat, Inc. (NASDAQ:VSAT) or 7,685 shares. Clough Prtn Limited Partnership holds 2.45% or 393,601 shares. Caprock Incorporated holds 9,200 shares or 0.14% of its portfolio. Asset Mngmt reported 3,200 shares stake. Cove Street Cap Llc reported 6.21% in Viasat, Inc. (NASDAQ:VSAT). Disciplined Growth Invsts Mn invested in 1.15M shares or 1.69% of the stock. Natl Bank Of America Corporation De holds 0% or 71,733 shares in its portfolio. 273,318 are owned by D E Shaw. Pnc Services Gru owns 1,740 shares.

Analysts await Viasat, Inc. (NASDAQ:VSAT) to report earnings on May, 22. They expect $-0.41 earnings per share, down 373.33% or $0.56 from last year’s $0.15 per share. After $-0.28 actual earnings per share reported by Viasat, Inc. for the previous quarter, Wall Street now forecasts 46.43% negative EPS growth.

Among 13 analysts covering ViaSat (NASDAQ:VSAT), 5 have Buy rating, 4 Sell and 4 Hold. Therefore 38% are positive. ViaSat had 24 analyst reports since October 13, 2015 according to SRatingsIntel. Barclays Capital downgraded Viasat, Inc. (NASDAQ:VSAT) rating on Thursday, March 29. Barclays Capital has “Sell” rating and $6000 target. Raymond James upgraded the stock to “Outperform” rating in Tuesday, February 7 report. Jefferies maintained Viasat, Inc. (NASDAQ:VSAT) on Friday, September 8 with “Hold” rating. The rating was downgraded by Macquarie Research on Wednesday, November 16 to “Underperform”. The stock has “Sell” rating by RBC Capital Markets on Friday, May 26. On Monday, May 23 the stock rating was downgraded by Drexel Hamilton to “Sell”. The stock of Viasat, Inc. (NASDAQ:VSAT) earned “Hold” rating by Jefferies on Thursday, August 3. The company was maintained on Thursday, October 5 by RBC Capital Markets. On Wednesday, January 25 the stock rating was initiated by RBC Capital Markets with “Underperform”. Wunderlich upgraded Viasat, Inc. (NASDAQ:VSAT) rating on Friday, June 2. Wunderlich has “Hold” rating and $58 target.

More important recent Viasat, Inc. (NASDAQ:VSAT) news were published by: Globenewswire.com which released: “Detailed Research: Economic Perspectives on Viasat, Cloud Peak Energy, Steven Madden, Entravision …” on May 14, 2018, also Gurufocus.com published article titled: “NWQ Investments Sells Mitel Network Shares After Buy Bid”, Prnewswire.com published: “Viasat’s Fast Ka-Band In-flight Internet Service Available to More Global Business Aircraft Through Expanded …” on May 17, 2018. More interesting news about Viasat, Inc. (NASDAQ:VSAT) was released by: Prnewswire.com and their article: “Streaming at 35000 Feet: SAS becomes the First Nordic Airline to Launch High-Speed, High-Quality In-flight Wi-Fi …” with publication date: May 16, 2018.

Viasat, Inc. (NASDAQ:VSAT) Institutional Positions Chart

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