As Adobe Sys (ADBE) Stock Rose, Gemmer Asset Management Upped Position by $2.04 Million; Robertson Opportunity Capital Has Lifted Its Anthem (ANTM) Position by $791,910; Share Price Rose

February 22, 2018 - By Marie Mckinney

Gemmer Asset Management Llc increased its stake in Adobe Sys Inc (ADBE) by 75.35% based on its latest 2017Q3 regulatory filing with the SEC. Gemmer Asset Management Llc bought 13,710 shares as the company’s stock rose 14.01% with the market. The institutional investor held 31,905 shares of the prepackaged software company at the end of 2017Q3, valued at $4.76M, up from 18,195 at the end of the previous reported quarter. Gemmer Asset Management Llc who had been investing in Adobe Sys Inc for a number of months, seems to be bullish on the $99.80B market cap company. The stock increased 0.46% or $0.93 during the last trading session, reaching $203.02. About 757,655 shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since February 22, 2017 and is uptrending. It has outperformed by 25.59% the S&P500.

Robertson Opportunity Capital Llc increased its stake in Anthem Inc (ANTM) by 10.29% based on its latest 2017Q3 regulatory filing with the SEC. Robertson Opportunity Capital Llc bought 4,190 shares as the company’s stock rose 10.08% with the market. The hedge fund held 44,900 shares of the health care company at the end of 2017Q3, valued at $8.53 million, up from 40,710 at the end of the previous reported quarter. Robertson Opportunity Capital Llc who had been investing in Anthem Inc for a number of months, seems to be bullish on the $59.94B market cap company. The stock increased 0.61% or $1.42 during the last trading session, reaching $233.45. About 440,844 shares traded. Anthem, Inc. (NYSE:ANTM) has risen 31.86% since February 22, 2017 and is uptrending. It has outperformed by 15.16% the S&P500.

Robertson Opportunity Capital Llc, which manages about $198.57M and $174.02 million US Long portfolio, decreased its stake in Chesapeake Energy Corp (NYSE:CHK) by 141,274 shares to 203,300 shares, valued at $874,000 in 2017Q3, according to the filing.

Among 24 analysts covering Anthem Inc (NYSE:ANTM), 15 have Buy rating, 0 Sell and 9 Hold. Therefore 63% are positive. Anthem Inc had 73 analyst reports since July 27, 2015 according to SRatingsIntel. As per Thursday, January 28, the company rating was maintained by RBC Capital Markets. The company was downgraded on Tuesday, September 13 by Jefferies. The rating was maintained by Jefferies with “Hold” on Wednesday, September 20. Stifel Nicolaus downgraded Anthem, Inc. (NYSE:ANTM) rating on Wednesday, January 4. Stifel Nicolaus has “Hold” rating and $155 target. RBC Capital Markets maintained the shares of ANTM in report on Thursday, July 27 with “Buy” rating. The stock has “Buy” rating by RBC Capital Markets on Wednesday, July 5. The stock has “Overweight” rating by JP Morgan on Wednesday, September 16. On Thursday, October 29 the stock rating was maintained by Oppenheimer with “Outperform”. Cantor Fitzgerald maintained the stock with “Buy” rating in Wednesday, July 26 report. Evercore initiated Anthem, Inc. (NYSE:ANTM) rating on Friday, September 23. Evercore has “Hold” rating and $133 target.

Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 29 have Buy rating, 0 Sell and 9 Hold. Therefore 76% are positive. Adobe Systems had 140 analyst reports since August 11, 2015 according to SRatingsIntel. As per Wednesday, October 14, the company rating was upgraded by Atlantic Securities. Canaccord Genuity maintained the shares of ADBE in report on Thursday, October 19 with “Buy” rating. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Buy” rating given on Monday, April 4 by Dougherty & Company. RBC Capital Markets maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Friday, October 2 with “Outperform” rating. The firm earned “Buy” rating on Sunday, August 6 by Piper Jaffray. The company was maintained on Wednesday, August 30 by Cowen & Co. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Friday, December 11. Cowen & Co maintained the shares of ADBE in report on Monday, December 11 with “Buy” rating. Argus Research maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Friday, September 23 with “Buy” rating. Vetr upgraded it to “Strong-Buy” rating and $86.24 target in Tuesday, September 8 report.

Since September 13, 2017, it had 1 insider purchase, and 14 sales for $79.49 million activity. 1,953 shares valued at $297,032 were sold by Lewnes Ann on Wednesday, October 11. Another trade for 18,410 shares valued at $3.63M was made by Rencher Bradley on Wednesday, January 24. 6,376 shares were sold by DILLON MICHAEL A, worth $1.26 million. Another trade for 1,125 shares valued at $199,520 was made by Banse Amy on Monday, December 18. GARRETT MARK sold 54,488 shares worth $10.21M. Another trade for 165,023 shares valued at $32.66 million was made by NARAYEN SHANTANU on Wednesday, January 24.

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