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Bridgecreek Investment Management Has Cut Adobe Systems (ADBE) Position; Spectrum Brands Holdings (SPB) Has 1.06 Sentiment

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Bridgecreek Investment Management Llc decreased Adobe Systems Inc (ADBE) stake by 4.63% reported in 2017Q4 SEC filing. Bridgecreek Investment Management Llc sold 2,460 shares as Adobe Systems Inc (ADBE)’s stock rose 22.17%. The Bridgecreek Investment Management Llc holds 50,640 shares with $8.87M value, down from 53,100 last quarter. Adobe Systems Inc now has $119.69B valuation. The stock decreased 0.36% or $0.87 during the last trading session, reaching $243.04. About 1.12M shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 66.71% since May 24, 2017 and is uptrending. It has outperformed by 55.16% the S&P500.

Spectrum Brands Holdings Inc (SPB) investors sentiment increased to 1.06 in 2017 Q4. It’s up 0.26, from 0.8 in 2017Q3. The ratio has increased, as 118 hedge funds opened new or increased stock positions, while 111 sold and decreased their equity positions in Spectrum Brands Holdings Inc. The hedge funds in our database now own: 27.10 million shares, down from 27.23 million shares in 2017Q3. Also, the number of hedge funds holding Spectrum Brands Holdings Inc in top ten stock positions increased from 3 to 6 for an increase of 3. Sold All: 31 Reduced: 80 Increased: 69 New Position: 49.

More notable recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Seekingalpha.com which released: “Adobe Systems: Diverging Paths” on May 22, 2018, also Nasdaq.com with their article: “Don’t Let Adobe (ADBE) Stock Slip Through Your Fingers” published on May 10, 2018, Streetinsider.com published: “After-Hours Stock Movers 05/21: (NBRV) (MU) (ADBE) Higher; (LBY) (ARDX) (PSTG) Lower (more…)” on May 21, 2018. More interesting news about Adobe Systems Incorporated (NASDAQ:ADBE) were released by: Investorplace.com and their article: “Shopify Inc Takes a Hit on Adobe Headline — Add It to Your Cart” published on May 22, 2018 as well as Streetinsider.com‘s news article titled: “Adobe Systems (ADBE) to Acquire Magento Commerce for $1.68 Billion” with publication date: May 21, 2018.

Bridgecreek Investment Management Llc increased At&T Inc (NYSE:T) stake by 26,940 shares to 129,037 valued at $5.02M in 2017Q4. It also upped Netflix Inc (NASDAQ:NFLX) stake by 2,910 shares and now owns 44,540 shares. Cyberark Software Ltd (NASDAQ:CYBR) was raised too.

Since December 13, 2017, it had 1 insider buy, and 17 selling transactions for $87.77 million activity. Lewnes Ann also sold $338,846 worth of Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, December 13. 6,376 Adobe Systems Incorporated (NASDAQ:ADBE) shares with value of $1.26M were sold by DILLON MICHAEL A. Another trade for 50,775 shares valued at $10.16 million was sold by THOMPSON MATTHEW. The insider WARNOCK JOHN E sold $3.03M. The insider GARRETT MARK sold 54,488 shares worth $10.21M. The insider Morris Donna sold 29,404 shares worth $5.81 million. Banse Amy had bought 1,125 shares worth $199,520.

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 48.61 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.

Among 39 analysts covering Adobe Systems (NASDAQ:ADBE), 28 have Buy rating, 0 Sell and 11 Hold. Therefore 72% are positive. Adobe Systems had 158 analyst reports since August 11, 2015 according to SRatingsIntel. Bernstein maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Friday, March 18 with “Outperform” rating. As per Wednesday, February 8, the company rating was maintained by RBC Capital Markets. Robert W. Baird upgraded the stock to “Neutral” rating in Tuesday, August 25 report. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Friday, March 16. The rating was upgraded by Atlantic Securities on Wednesday, October 14 to “Overweight”. Rosenblatt maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Wednesday, June 22. Rosenblatt has “Buy” rating and $120 target. Cowen & Co maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, September 21 with “Outperform” rating. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Market Perform” rating given on Wednesday, January 11 by Wells Fargo. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, December 11. Stephens maintained the stock with “Buy” rating in Tuesday, January 2 report.

Investors sentiment decreased to 0.89 in 2017 Q4. Its down 0.22, from 1.11 in 2017Q3. It turned negative, 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. Tarbox Family Office reported 230 shares. Moors Cabot Inc owns 1,500 shares or 0.04% of their US portfolio. Tradition Capital Mgmt Limited Liability Corp holds 0.14% or 2,850 shares. Conning Inc reported 0.07% stake. Autus Asset Limited Liability holds 0.63% in Adobe Systems Incorporated (NASDAQ:ADBE) or 19,632 shares. Geode Capital Ltd Liability Corp has 5.20M shares. Kelly Lawrence W And Associate Inc Ca accumulated 0.01% or 424 shares. Avalon Ltd has 107,025 shares for 0.57% of their portfolio. Advisory Svcs Net Ltd Liability Corporation reported 0.22% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Counselors reported 10,284 shares. Moreover, Ajo LP has 0.03% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 41,952 shares. D E Shaw & invested in 0.2% or 842,513 shares. Reliance Trust Of Delaware holds 0.19% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 6,979 shares. Strategy Asset Managers Ltd Liability Co holds 44,419 shares or 1.52% of its portfolio. Argent Tru Com holds 0.44% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 6,456 shares.

Spectrum Brands Holdings, Inc. manufactures, markets, and/or distributes consumer products worldwide. The company has market cap of $4.37 billion. It operates through five divisions: Global Batteries & Appliances, Hardware & Home Improvement, Global Pet Supplies, Home and Garden, and Global Auto Care. It has a 11.8 P/E ratio. The firm offers batteries; battery-powered portable lighting products; small kitchen and home appliances; personal care products; hinges; security, garage door, and window hardware products; floor protection products; residential lockset and door hardware products; commercial door, lock, and hardware products; and plumbing products.

More recent Spectrum Brands Holdings, Inc. (NYSE:SPB) news were published by: Seekingalpha.com which released: “Spectrum Brand -19% on earnings miss” on April 26, 2018. Also Streetinsider.com published the news titled: “UPDATE: Spectrum Brands (SPB) Misses Q2 EPS by 45c, Misses on Revenues” on April 26, 2018. Fool.com‘s news article titled: “Why Spectrum Brands Holdings, Inc. Plunged 30.5% in April” with publication date: May 11, 2018 was also an interesting one.

Analysts await Spectrum Brands Holdings, Inc. (NYSE:SPB) to report earnings on July, 26. They expect $1.57 EPS, down 8.19% or $0.14 from last year’s $1.71 per share. SPB’s profit will be $86.90M for 12.56 P/E if the $1.57 EPS becomes a reality. After $0.56 actual EPS reported by Spectrum Brands Holdings, Inc. for the previous quarter, Wall Street now forecasts 180.36% EPS growth.

The stock increased 1.58% or $1.23 during the last trading session, reaching $78.9. About 201,421 shares traded. Spectrum Brands Holdings, Inc. (SPB) has declined 35.80% since May 24, 2017 and is downtrending. It has underperformed by 47.35% the S&P500.

Spectrum Brands Holdings, Inc. (NYSE:SPB) Institutional Positions Chart

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