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Dnb Asset Management As Increased Cognex (CGNX) Stake by $67.59 Million as Market Value Declined; Confluence Wealth Management Position in Adobe Sys (ADBE) Has Increased by $315,144 as Market Value Rose

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Confluence Wealth Management Llc increased its stake in Adobe Sys Inc (ADBE) by 100.76% based on its latest 2018Q1 regulatory filing with the SEC. Confluence Wealth Management Llc bought 1,459 shares as the company’s stock rose 14.81% while stock markets declined. The institutional investor held 2,907 shares of the prepackaged software company at the end of 2018Q1, valued at $628,000, up from 1,448 at the end of the previous reported quarter. Confluence Wealth Management Llc who had been investing in Adobe Sys Inc for a number of months, seems to be bullish on the $127.11B market cap company. The stock increased 0.77% or $1.97 during the last trading session, reaching $258.1. About 4.60 million shares traded or 52.76% up from the average. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 70.50% since June 15, 2017 and is uptrending. It has outperformed by 57.93% the S&P500. Some Historical ADBE News: 27/03/2018 – Adobe Announces Significant Partner Momentum at Summit 2018; 15/03/2018 – CORRECT: ADOBE 2018 FORECAST REPORTED JAN. 22; 19/03/2018 – ENEL ENEI.Ml – SELLS ENERGY FROM U.S. WIND FARM TO FACEBOOK AND ADOBE; 21/05/2018 – ADOBE SYSTEMS INC – NEW PROGRAM IS EXPECTED TO BE FUNDED FROM ADOBE’S FUTURE CASH FLOW FROM OPERATIONS; 26/03/2018 – Adobe: Some Serious Risks Lurk in JMP’s Sudden Downgrade — Barron’s Blog; 21/05/2018 – Adobe said it’s paying $1.68 billion for Magento Commerce; 16/05/2018 – Adobe Presenting at JPMorgan Conference Tomorrow; 23/03/2018 – Perficient Digital to Showcase Digital Marketing Expertise at Adobe Summit 2018; 05/04/2018 – MultichannelNews: SourceAudio Launches Beta Release of Their Platform Extension Allowing Adobe Premiere Users to Access Platfor; 15/03/2018 – ADOBE: WILL SEE GRADUAL MARGIN IMPROVEMENT IN MARKETING UNIT

Dnb Asset Management As increased its stake in Cognex Corp (CGNX) by 9.49% based on its latest 2018Q1 regulatory filing with the SEC. Dnb Asset Management As bought 1,300 shares as the company’s stock declined 13.31% with the market. The institutional investor held 15,000 shares of the industrial machinery and components company at the end of 2018Q1, valued at $779.85 million, up from 13,700 at the end of the previous reported quarter. Dnb Asset Management As who had been investing in Cognex Corp for a number of months, seems to be bullish on the $7.92 billion market cap company. The stock decreased 1.10% or $0.51 during the last trading session, reaching $45.78. About 898,940 shares traded. Cognex Corporation (NASDAQ:CGNX) has risen 0.46% since June 15, 2017 and is uptrending. It has underperformed by 12.11% the S&P500. Some Historical CGNX News: 10/05/2018 – lvanti Introduces Support for Cognex Mobile Data Capture Solutions; 14/05/2018 – Cognex Presenting at JPMorgan Conference Tomorrow; 10/05/2018 – Ivanti Introduces Support for Cognex Mobile Data Capture Solutions; 01/05/2018 – Analyst Neil Campling of Mirabaud Securities said that weaker-than-expected first quarter earnings and second quarter earnings from Cognex provide more evidence of this; 30/04/2018 – COGNEX 1Q EPS 21C; 30/04/2018 – COGNEX 1Q ADJ. EPS 18C, EST. 20C; 21/04/2018 DJ Cognex Corporation, Inst Holders, 1Q 2018 (CGNX); 01/05/2018 – Apple accounts for 20 percent of Cognex revenues, according to Campling; 04/05/2018 – Cognex Presenting at JPMorgan Conference May 15; 30/04/2018 – COGNEX 1Q REV. $169.6M, EST. $171.1M

Investors sentiment increased to 0.9 in Q1 2018. Its up 0.01, from 0.89 in 2017Q4. It is positive, as 35 investors sold ADBE shares while 418 reduced holdings. 136 funds opened positions while 271 raised stakes. 405.65 million shares or 1.16% less from 410.42 million shares in 2017Q4 were reported. Fisher Asset Mngmt Ltd Liability Corp has invested 0% in Adobe Systems Incorporated (NASDAQ:ADBE). Putnam Invs Ltd Liability holds 0.64% or 1.28M shares in its portfolio. Hoplite Cap Management Lp invested in 5.38% or 347,996 shares. Leisure Management reported 0.24% in Adobe Systems Incorporated (NASDAQ:ADBE). Cypress Capital Gp stated it has 13,756 shares. Cambridge Co has invested 2.01% in Adobe Systems Incorporated (NASDAQ:ADBE). Moreover, Alexandria Capital Ltd Limited Liability Company has 4.14% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 128,977 shares. Stralem Com owns 84,515 shares for 3.63% of their portfolio. Brinker holds 6,631 shares or 0.06% of its portfolio. Mirae Asset Glob Invs reported 295,448 shares or 0.84% of all its holdings. Gilder Gagnon Howe & Limited Liability Company invested 1.14% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Kemnay Advisory Svcs stated it has 52,613 shares. Moreover, Earnest Limited Liability has 0% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Apg Asset Management Nv stated it has 507,703 shares. Richard Bernstein Limited has 30,595 shares for 0.23% of their portfolio.

Since December 18, 2017, it had 1 insider buy, and 16 sales for $87.43 million activity. WARNOCK JOHN E sold $1.12M worth of stock or 5,000 shares. 18,410 shares were sold by Rencher Bradley, worth $3.63 million. Lewnes Ann had sold 2,942 shares worth $696,048. $1.26 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by DILLON MICHAEL A. 165,023 shares valued at $32.66 million were sold by NARAYEN SHANTANU on Wednesday, January 24. 54,488 Adobe Systems Incorporated (NASDAQ:ADBE) shares with value of $10.21 million were sold by GARRETT MARK.

More notable recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Streetinsider.com which released: “After-Hours Movers 06/14: (VSTM) (HUYA) (VNCE) Higher; (GNK) (DEST) (ADBE) Lower (more…)” on June 14, 2018, also Seekingalpha.com with their article: “Adobe Systems -3% despite Q2 beats (update)” published on June 14, 2018, Seekingalpha.com published: “Adobe: High Volatility Come Earnings Time” on June 14, 2018. More interesting news about Adobe Systems Incorporated (NASDAQ:ADBE) were released by: Seekingalpha.com and their article: “Adobe: Buying Ahead Of Earnings” published on June 07, 2018 as well as Fool.com‘s news article titled: “Adobe Paints Another Beautiful Quarter” with publication date: June 15, 2018.

Confluence Wealth Management Llc, which manages about $538.63M and $195.63 million US Long portfolio, decreased its stake in Fedex Corp (NYSE:FDX) by 1,447 shares to 2,842 shares, valued at $682,000 in 2018Q1, according to the filing. It also reduced its holding in Ishares Tr (IWM) by 3,108 shares in the quarter, leaving it with 36,602 shares, and cut its stake in Ishares Tr (EFA).

Among 39 analysts covering Adobe Systems (NASDAQ:ADBE), 28 have Buy rating, 0 Sell and 11 Hold. Therefore 72% are positive. Adobe Systems had 159 analyst reports since August 11, 2015 according to SRatingsIntel. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Buy” rating given on Wednesday, January 24 by Jefferies. Atlantic Securities upgraded the stock to “Overweight” rating in Wednesday, October 14 report. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Buy” rating given on Thursday, October 19 by Jefferies. On Thursday, August 31 the stock rating was maintained by Robert W. Baird with “Buy”. Rosenblatt maintained the shares of ADBE in report on Wednesday, June 22 with “Buy” rating. As per Thursday, March 15, the company rating was maintained by Barclays Capital. Wells Fargo initiated Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, January 11 with “Market Perform” rating. The firm has “Overweight” rating by KeyBanc Capital Markets given on Friday, March 16. As per Monday, December 14, the company rating was maintained by Argus Research. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Buy” rating given on Wednesday, October 7 by Deutsche Bank.

Investors sentiment decreased to 0.74 in Q1 2018. Its down 5.79, from 6.53 in 2017Q4. It dropped, as 64 investors sold CGNX shares while 145 reduced holdings. 50 funds opened positions while 104 raised stakes. 140.09 million shares or 47.81% less from 268.44 million shares in 2017Q4 were reported. The Pennsylvania-based Smithfield Com has invested 0% in Cognex Corporation (NASDAQ:CGNX). Baker Avenue Asset Management Lp holds 0.06% or 13,054 shares in its portfolio. Raymond James Financial Advisors has invested 0.01% in Cognex Corporation (NASDAQ:CGNX). Shelton Capital holds 12,243 shares. Atria Limited Liability Corporation reported 6,861 shares. Hartford Fin Mngmt Inc owns 165 shares. Advisory Serv Network Ltd accumulated 998 shares or 0% of the stock. Ameritas Investment Prns owns 51,858 shares or 0.13% of their US portfolio. Chatham Cap stated it has 0.06% in Cognex Corporation (NASDAQ:CGNX). Pathstone Family Office Ltd Llc reported 74 shares stake. Old Second Bank & Trust Of Aurora holds 56 shares or 0% of its portfolio. Fmr Lc reported 657,252 shares stake. 21,229 are owned by Advantus Capital Mgmt. Cap One Association holds 0.03% of its portfolio in Cognex Corporation (NASDAQ:CGNX) for 9,551 shares. Atika Capital Management Llc owns 32,000 shares.

Among 19 analysts covering Cognex Corporation (NASDAQ:CGNX), 9 have Buy rating, 3 Sell and 7 Hold. Therefore 47% are positive. Cognex Corporation had 47 analyst reports since August 4, 2015 according to SRatingsIntel. Northcoast downgraded Cognex Corporation (NASDAQ:CGNX) on Friday, December 2 to “Neutral” rating. The firm has “Hold” rating given on Tuesday, October 31 by Canaccord Genuity. Goldman Sachs downgraded Cognex Corporation (NASDAQ:CGNX) on Tuesday, April 10 to “Hold” rating. The firm has “Market Perform” rating by Raymond James given on Friday, March 11. The firm earned “Outperform” rating on Tuesday, November 3 by CLSA. The company was downgraded on Monday, May 7 by J.P. Morgan. The company was initiated on Wednesday, November 11 by FBR Capital. The firm has “Neutral” rating by Robert W. Baird given on Tuesday, October 31. As per Tuesday, November 3, the company rating was maintained by Canaccord Genuity. Needham maintained it with “Buy” rating and $80 target in Friday, February 17 report.

Another recent and important Cognex Corporation (NASDAQ:CGNX) news was published by Fool.com which published an article titled: “3 Under-the-Radar Robotics Stocks” on June 12, 2018.

Dnb Asset Management As, which manages about $8306.51 billion US Long portfolio, decreased its stake in Lyondellbasell Industries Nv by 12,200 shares to 400,222 shares, valued at $42.30B in 2018Q1, according to the filing. It also reduced its holding in Xerox Corp by 4,000 shares in the quarter, leaving it with 19,312 shares, and cut its stake in Albemarle Corp (NYSE:ALB).

Since March 12, 2018, it had 0 buys, and 1 sale for $564,892 activity.

Cognex Corporation (NASDAQ:CGNX) Institutional Positions Chart

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