As Adobe Systems (ADBE) Market Value Rose, Eastern Bank Has Boosted Holding by $422,450; Bush Odonnell Investment Advisors Has Lowered Holding in Anthem (ANTM) by $562,500

April 16, 2018 - By Peter Erickson

Anthem, Inc. (NYSE:ANTM) Logo

Eastern Bank increased its stake in Adobe Systems Inc. (ADBE) by 2.89% based on its latest 2017Q4 regulatory filing with the SEC. Eastern Bank bought 2,414 shares as the company’s stock rose 22.17% while stock markets declined. The institutional investor held 86,070 shares of the prepackaged software company at the end of 2017Q4, valued at $15.08M, up from 83,656 at the end of the previous reported quarter. Eastern Bank who had been investing in Adobe Systems Inc. for a number of months, seems to be bullish on the $111.22B market cap company. The stock increased 0.79% or $1.77 during the last trading session, reaching $225.83. About 685,188 shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 66.71% since April 16, 2017 and is uptrending. It has outperformed by 55.16% the S&P500.

Bush Odonnell Investment Advisors Inc decreased its stake in Anthem Inc (ANTM) by 20.86% based on its latest 2017Q4 regulatory filing with the SEC. Bush Odonnell Investment Advisors Inc sold 2,500 shares as the company’s stock declined 2.73% with the market. The institutional investor held 9,484 shares of the health care company at the end of 2017Q4, valued at $2.13M, down from 11,984 at the end of the previous reported quarter. Bush Odonnell Investment Advisors Inc who had been investing in Anthem Inc for a number of months, seems to be less bullish one the $57.43B market cap company. The stock increased 1.10% or $2.45 during the last trading session, reaching $224.47. About 275,888 shares traded. Anthem, Inc. (NYSE:ANTM) has risen 35.30% since April 16, 2017 and is uptrending. It has outperformed by 23.75% the S&P500.

Eastern Bank, which manages about $1.49 billion US Long portfolio, decreased its stake in Spdr Bloomberg Barclays (JNK) by 16,556 shares to 82,753 shares, valued at $3.04 million in 2017Q4, according to the filing. It also reduced its holding in Abbvie Inc (NYSE:ABBV) by 10,064 shares in the quarter, leaving it with 52,914 shares, and cut its stake in Microsoft (NASDAQ:MSFT).

Investors sentiment decreased to 0.89 in Q4 2017. Its down 0.22, from 1.11 in 2017Q3. It is 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. Outfitter Advsr has 40,092 shares for 2.36% of their portfolio. Evermay Wealth Mngmt Limited Liability Com stated it has 0.11% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Virginia-based Alexandria Capital Ltd Liability Co has invested 3.31% in Adobe Systems Incorporated (NASDAQ:ADBE). Renaissance Ltd Liability Co reported 176,771 shares or 1.05% of all its holdings. Scotia Capital Inc accumulated 0.01% or 2,850 shares. Teacher Retirement Of Texas reported 279,978 shares stake. The New York-based Cipher Capital Ltd Partnership has invested 0.26% in Adobe Systems Incorporated (NASDAQ:ADBE). Glob X Ltd Co reported 0.04% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Green Square Cap Limited Com invested in 0.23% or 8,832 shares. Allen Inv Management Ltd Llc has 0.05% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Wilbanks Smith And Thomas Asset Ltd Llc reported 25,155 shares. Deutsche Bank Ag has 0.11% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 989,620 shares. Engines Lc reported 31 shares. Park National Corp Oh holds 1,477 shares. Moody National Bank & Trust Trust Division, a Texas-based fund reported 7,686 shares.

Since October 20, 2017, it had 1 buy, and 16 selling transactions for $84.37 million activity. On Monday, March 19 WARNOCK JOHN E sold $1.12M worth of Adobe Systems Incorporated (NASDAQ:ADBE) or 5,000 shares. LAMKIN BRYAN also sold $5.97 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) shares. On Thursday, March 22 the insider Lewnes Ann sold $658,148. The insider GARRETT MARK sold $10.21M. On Wednesday, January 31 DILLON MICHAEL A sold $1.26 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) or 6,376 shares. Shares for $379,784 were sold by THOMPSON MATTHEW on Monday, October 23.

Among 39 analysts covering Adobe Systems (NASDAQ:ADBE), 28 have Buy rating, 0 Sell and 11 Hold. Therefore 72% are positive. Adobe Systems had 157 analyst reports since August 11, 2015 according to SRatingsIntel. The stock has “Buy” rating by Robert W. Baird on Friday, December 15. Citigroup maintained the shares of ADBE in report on Wednesday, September 21 with “Buy” rating. On Wednesday, October 25 the stock rating was maintained by Argus Research with “Buy”. As per Friday, March 16, the company rating was maintained by Credit Suisse. On Thursday, October 19 the stock rating was maintained by Canaccord Genuity with “Buy”. Citigroup maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Friday, March 18. Citigroup has “Buy” rating and $114 target. The rating was upgraded by Credit Suisse to “Outperform” on Friday, March 24. Credit Suisse maintained the stock with “Buy” rating in Monday, March 12 report. The rating was maintained by Rosenblatt on Wednesday, June 22 with “Buy”. The rating was maintained by Guggenheim on Wednesday, January 10 with “Buy”.

Analysts await Anthem, Inc. (NYSE:ANTM) to report earnings on April, 25. They expect $5.12 EPS, up 9.40% or $0.44 from last year’s $4.68 per share. ANTM’s profit will be $1.31B for 10.96 P/E if the $5.12 EPS becomes a reality. After $1.29 actual EPS reported by Anthem, Inc. for the previous quarter, Wall Street now forecasts 296.90% EPS growth.

Among 24 analysts covering Anthem Inc (NYSE:ANTM), 16 have Buy rating, 0 Sell and 8 Hold. Therefore 67% are positive. Anthem Inc had 75 analyst reports since July 27, 2015 according to SRatingsIntel. The company was maintained on Wednesday, September 20 by Jefferies. The rating was initiated by JP Morgan on Wednesday, September 16 with “Overweight”. The stock of Anthem, Inc. (NYSE:ANTM) has “Outperform” rating given on Thursday, January 28 by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Thursday, February 2 with “Outperform”. Wells Fargo maintained the shares of ANTM in report on Thursday, February 1 with “Outperform” rating. On Wednesday, January 3 the stock rating was upgraded by PiperJaffray to “Overweight”. The firm earned “Outperform” rating on Monday, April 4 by Leerink Swann. On Monday, July 27 the stock rating was upgraded by Sterne Agee CRT to “Buy”. Leerink Swann maintained Anthem, Inc. (NYSE:ANTM) on Friday, March 9 with “Buy” rating. The company was initiated on Wednesday, January 3 by Goldman Sachs.

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