Connors Investor Services Has Lifted Adobe Systems (ADBE) Stake, Makemytrip Limited Ord (MMYT) Shorts Up By 9.61%

June 20, 2017 - By Maria Brooks

Connors Investor Services Inc increased Adobe Systems (ADBE) stake by 8.7% reported in 2016Q4 SEC filing. Connors Investor Services Inc acquired 9,465 shares as Adobe Systems (ADBE)’s stock rose 14.01%. The Connors Investor Services Inc holds 118,236 shares with $12.17 million value, up from 108,771 last quarter. Adobe Systems now has $70.98 billion valuation. The stock rose 0.40% or $0.56 reaching $140.91 per share. About 1.14M shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since June 20, 2016 and is uptrending. It has outperformed by 25.59% the S&P500.

Makemytrip Limited Ord (NASDAQ:MMYT) had an increase of 9.61% in short interest. MMYT’s SI was 3.36 million shares in June as released by FINRA. Its up 9.61% from 3.06 million shares previously. With 532,600 avg volume, 6 days are for Makemytrip Limited Ord (NASDAQ:MMYT)’s short sellers to cover MMYT’s short positions. The SI to Makemytrip Limited Ord’s float is 7.75%. About 243,609 shares traded. MakeMyTrip Limited (NASDAQ:MMYT) has risen 111.67% since June 20, 2016 and is uptrending. It has outperformed by 94.97% the S&P500.

Among 36 analysts covering Adobe Systems (NASDAQ:ADBE), 29 have Buy rating, 1 Sell and 6 Hold. Therefore 81% are positive. Adobe Systems had 72 analyst reports since August 11, 2015 according to SRatingsIntel. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Outperform” rating given on Friday, March 18 by RBC Capital Markets. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Buy” rating by Argus Research on Monday, December 14. The stock has “Sell” rating by Pivotal Research on Monday, June 12. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Neutral” rating by Robert W. Baird on Tuesday, August 25. The firm earned “Hold” rating on Monday, September 21 by S&P Research. On Wednesday, June 22 the stock rating was maintained by UBS with “Buy”. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, October 2 report. The stock has “Buy” rating by Jefferies on Friday, September 18. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Overweight” rating given on Friday, December 11 by JP Morgan. The firm has “Neutral” rating given on Friday, March 18 by Goldman Sachs.

Investors sentiment decreased to 1.02 in 2016 Q4. Its down 0.13, from 1.15 in 2016Q3. It dropped, as 57 investors sold ADBE shares while 287 reduced holdings. 85 funds opened positions while 267 raised stakes. 417.05 million shares or 0.67% less from 419.85 million shares in 2016Q3 were reported. Atalanta Sosnoff Capital Ltd Limited Liability Company holds 1.04% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 282,943 shares. Canada Pension Plan Board reported 0.13% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Spirit Of America Mngmt Corp holds 4,200 shares or 0.05% of its portfolio. Trillium Asset Mngmt Ltd Limited Liability Company holds 1.22% or 180,280 shares. Alliancebernstein Lp, a New York-based fund reported 4.04M shares. Firsthand Capital Mgmt has invested 1.68% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Dsc Advsr LP holds 3,936 shares or 0.23% of its portfolio. Highland Cap Mgmt accumulated 16,020 shares. 40,327 were accumulated by Ledyard Financial Bank. Nelson Roberts Investment Advsr Lc has 1,090 shares. Alexandria Capital Limited Liability Co holds 0% or 88 shares. Efficient Ltd invested in 18,095 shares. Rathbone Brothers Plc invested in 1.22% or 236,285 shares. Highbridge Capital Management Limited Liability Corp has invested 0.01% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Jacobs Levy Equity holds 0.13% or 65,700 shares.

Since January 4, 2017, it had 0 insider buys, and 16 sales for $60.06 million activity. 59,550 Adobe Systems Incorporated (NASDAQ:ADBE) shares with value of $7.50 million were sold by GESCHKE CHARLES M. $1.18 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) shares were sold by DILLON MICHAEL A. Another trade for 2,233 shares valued at $279,125 was sold by Lewnes Ann. 5,000 shares were sold by WARNOCK JOHN E, worth $536,405. LAMKIN BRYAN sold 20,000 shares worth $2.61M. 45,199 shares were sold by GARRETT MARK, worth $5.16 million. ROWLEY RICHARD sold $145,760 worth of Adobe Systems Incorporated (NASDAQ:ADBE) on Friday, January 6.

Connors Investor Services Inc decreased Qualcomm (NASDAQ:QCOM) stake by 38,639 shares to 68,423 valued at $4.46M in 2016Q4. It also reduced Nutrisystem Inc (NASDAQ:NTRI) stake by 35,010 shares and now owns 52,134 shares. Cryolife Inc (NYSE:CRY) was reduced too.

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