Towle & Co Boosted Parker Drilling Co (PKD) Position; South State Increased By $633,936 Its Adobe Sys (ADBE) Holding

November 15, 2017 - By Kurt Siggers

South State Corp increased Adobe Sys Inc (ADBE) stake by 22.5% reported in 2017Q2 SEC filing. South State Corp acquired 4,496 shares as Adobe Sys Inc (ADBE)’s stock rose 14.01%. The South State Corp holds 24,475 shares with $3.46 million value, up from 19,979 last quarter. Adobe Sys Inc now has $88.65 billion valuation. The stock declined 0.82% or $1.48 reaching $179.84 on the news. About 128,797 shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since November 15, 2016 and is uptrending. It has outperformed by 25.59% the S&P500.

Towle & Co increased Parker Drilling Co (PKD) stake by 39.65% reported in 2017Q2 SEC filing. Towle & Co acquired 2.58 million shares as Parker Drilling Co (PKD)’s stock declined 38.30%. The Towle & Co holds 9.08 million shares with $12.26M value, up from 6.50 million last quarter. Parker Drilling Co now has $154.18 million valuation. The stock declined 1.77% or $0.02 reaching $1.11 on the news. About 39,685 shares traded. Parker Drilling Company (NYSE:PKD) has declined 34.68% since November 15, 2016 and is downtrending. It has underperformed by 51.38% the S&P500.

Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 30 have Buy rating, 0 Sell and 8 Hold. Therefore 79% are positive. Adobe Systems had 124 analyst reports since August 11, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, September 20 by Cowen & Co. The rating was maintained by Citigroup with “Buy” on Wednesday, September 21. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Overweight” rating by JP Morgan on Friday, December 11. The firm has “Market Perform” rating by Wells Fargo given on Wednesday, January 11. As per Tuesday, August 11, the company rating was upgraded by RBC Capital Markets. Deutsche Bank downgraded Adobe Systems Incorporated (NASDAQ:ADBE) on Monday, October 16 to “Hold” rating. The firm has “Strong-Buy” rating given on Wednesday, September 2 by Vetr. The company was maintained on Friday, December 11 by FBR Capital. Robert W. Baird maintained it with “Buy” rating and $160.0 target in Thursday, August 31 report. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Outperform” rating given on Wednesday, September 21 by Cowen & Co.

Investors sentiment increased to 1.1 in 2017 Q2. Its up 0.10, from 1 in 2017Q1. It improved, as 49 investors sold ADBE shares while 326 reduced holdings. 117 funds opened positions while 294 raised stakes. 418.45 million shares or 0.88% less from 422.18 million shares in 2017Q1 were reported. Moreover, Asset One Company has 0.29% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Nwi Ltd Partnership invested in 1.01% or 61,574 shares. 3.00 million are owned by Ww Invsts. Los Angeles Cap Mngmt And Equity Rech holds 687,592 shares. City has 0.01% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 230 shares. Walleye Trading Limited Liability holds 0.01% or 6,723 shares in its portfolio. Brown Management Ltd Liability Corp has invested 0.01% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Arete Wealth Lc has 0.09% invested in Adobe Systems Incorporated (NASDAQ:ADBE). 7,696 were accumulated by 1St Glob Advisors. 8,546 are owned by Silvercrest Asset Management Group Lc. Moreover, Chevy Chase Trust Holdg Inc has 0.29% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Altavista Wealth Management Inc stated it has 0.13% in Adobe Systems Incorporated (NASDAQ:ADBE). Fjarde Ap accumulated 115,096 shares. Comml Bank Of Stockton reported 0.34% in Adobe Systems Incorporated (NASDAQ:ADBE). 1,584 were reported by Magnetar Fincl Limited Liability.

Since June 14, 2017, it had 0 insider purchases, and 1 insider sale for $311,035 activity. $311,035 worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by Lewnes Ann on Wednesday, June 14.

South State Corp decreased Kroger (NYSE:KR) stake by 29,070 shares to 22,066 valued at $515,000 in 2017Q2. It also reduced Tesoro Corp (NYSE:TSO) stake by 6,480 shares and now owns 18,961 shares. Apple Inc (NASDAQ:AAPL) was reduced too.

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