As Caterpillar Del (CAT) Stock Rose, Holder Harris Associates LP Has Decreased Its Position; As Adobe Sys (ADBE) Share Price Rose, Holder Forbes J M & Co Llp Has Cut Holding by $3.16 Million

February 23, 2018 - By Peter Erickson

Harris Associates LP decreased its stake in Caterpillar Inc Del (CAT) by 20.81% based on its latest 2017Q3 regulatory filing with the SEC. Harris Associates LP sold 1.41 million shares as the company’s stock rose 3.62% with the market. The hedge fund held 5.36M shares of the capital goods company at the end of 2017Q3, valued at $668.36M, down from 6.77 million at the end of the previous reported quarter. Harris Associates LP who had been investing in Caterpillar Inc Del for a number of months, seems to be less bullish one the $95.61B market cap company. The stock increased 1.16% or $1.85 during the last trading session, reaching $160.71. About 2.65M shares traded. Caterpillar Inc. (NYSE:CAT) has risen 47.53% since February 23, 2017 and is uptrending. It has outperformed by 30.83% the S&P500.

Forbes J M & Co Llp decreased its stake in Adobe Sys Inc (ADBE) by 20.84% based on its latest 2017Q3 regulatory filing with the SEC. Forbes J M & Co Llp sold 21,226 shares as the company’s stock rose 14.01% with the market. The institutional investor held 80,641 shares of the prepackaged software company at the end of 2017Q3, valued at $12.03 million, down from 101,867 at the end of the previous reported quarter. Forbes J M & Co Llp who had been investing in Adobe Sys Inc for a number of months, seems to be less bullish one the $101.93B market cap company. The stock increased 2.34% or $4.75 during the last trading session, reaching $207.36. About 1.09M shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since February 23, 2017 and is uptrending. It has outperformed by 25.59% the S&P500.

Among 31 analysts covering Caterpillar Inc. (NYSE:CAT), 16 have Buy rating, 4 Sell and 11 Hold. Therefore 52% are positive. Caterpillar Inc. had 120 analyst reports since July 27, 2015 according to SRatingsIntel. Macquarie Research maintained Caterpillar Inc. (NYSE:CAT) on Friday, September 25 with “Underperform” rating. The rating was maintained by Jefferies on Friday, January 26 with “Hold”. The stock has “Neutral” rating by Goldman Sachs on Monday, December 7. The rating was initiated by Barclays Capital on Friday, September 25 with “Equal Weight”. Deutsche Bank downgraded the stock to “Hold” rating in Friday, June 23 report. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, September 25. Argus Research upgraded the shares of CAT in report on Wednesday, August 2 to “Buy” rating. Citigroup maintained it with “Neutral” rating and $82 target in Wednesday, July 27 report. Standpoint Research downgraded Caterpillar Inc. (NYSE:CAT) on Thursday, January 26 to “Sell” rating. The stock of Caterpillar Inc. (NYSE:CAT) earned “Buy” rating by Bank of America on Friday, May 26.

Harris Associates L P, which manages about $59.29B US Long portfolio, upped its stake in Comcast Corp New (NASDAQ:CMCSA) by 480,570 shares to 10.33 million shares, valued at $397.67M in 2017Q3, according to the filing. It also increased its holding in Anadarko Pete Corp (NYSE:APC) by 1.83M shares in the quarter, for a total of 7.00 million shares, and has risen its stake in Herc Hldgs Inc.

Analysts await Caterpillar Inc. (NYSE:CAT) to report earnings on April, 24. They expect $2.02 EPS, up 57.81% or $0.74 from last year’s $1.28 per share. CAT’s profit will be $1.20B for 19.89 P/E if the $2.02 EPS becomes a reality. After $2.16 actual EPS reported by Caterpillar Inc. for the previous quarter, Wall Street now forecasts -6.48% negative EPS growth.

Investors sentiment increased to 1.1 in Q3 2017. Its up 0.14, from 0.96 in 2017Q2. It is positive, as 50 investors sold CAT shares while 377 reduced holdings. 125 funds opened positions while 344 raised stakes. 401.83 million shares or 0.39% less from 403.41 million shares in 2017Q2 were reported. Silvercrest Asset Mngmt Ltd Liability Corporation accumulated 31,483 shares. Nbt Financial Bank N A stated it has 0.6% in Caterpillar Inc. (NYSE:CAT). Boston Research Inc has 3,332 shares. Comerica Securities owns 0.06% invested in Caterpillar Inc. (NYSE:CAT) for 3,334 shares. Prudential Public Limited Company reported 1.81 million shares or 0.71% of all its holdings. Pacific Glob Investment Mngmt holds 0.05% or 1,632 shares in its portfolio. The Colorado-based Ghp Inv Advsrs has invested 0.04% in Caterpillar Inc. (NYSE:CAT). Two Sigma Secs Limited Liability Corporation invested 0.1% of its portfolio in Caterpillar Inc. (NYSE:CAT). Peregrine Asset Advisers, Oregon-based fund reported 79,616 shares. Gamble Jones Investment Counsel has invested 0.24% in Caterpillar Inc. (NYSE:CAT). Segment Wealth Mngmt Lc holds 12,284 shares. Minneapolis Port Mngmt Grp Inc Ltd Limited Liability Company owns 197,637 shares or 3.61% of their US portfolio. Ironwood Counsel Ltd Limited Liability Company reported 3,237 shares stake. Amp Invsts Ltd, a Australia-based fund reported 239,851 shares. Somerville Kurt F has invested 0.08% in Caterpillar Inc. (NYSE:CAT).

Since October 26, 2017, it had 0 buys, and 4 selling transactions for $16.35 million activity. On Monday, October 30 the insider DICKINSON DANIEL M sold $522,724. Long Suzette M sold 528 shares worth $84,723. Pellette Thomas A sold $15.53M worth of stock or 95,199 shares.

Forbes J M & Co Llp, which manages about $588.17M and $400.95M US Long portfolio, upped its stake in Jp Morgan Chase & Co (NYSE:JPM) by 85,882 shares to 88,627 shares, valued at $8.46M in 2017Q3, according to the filing.

Since September 13, 2017, it had 1 insider buy, and 14 sales for $79.49 million activity. LAMKIN BRYAN sold $5.97 million worth of stock. On Wednesday, October 11 Lewnes Ann sold $297,032 worth of Adobe Systems Incorporated (NASDAQ:ADBE) or 1,953 shares. $10.16M worth of stock was sold by THOMPSON MATTHEW on Friday, January 26. Shares for $32.66M were sold by NARAYEN SHANTANU. Another trade for 21,276 shares valued at $3.97 million was sold by GESCHKE CHARLES M. Rencher Bradley had sold 18,410 shares worth $3.63M.

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 Monday, September 21, the company rating was maintained by S&P Research. The firm earned “Buy” rating on Monday, April 4 by Dougherty & Company. BMO Capital Markets initiated the stock with “Outperform” rating in Thursday, January 5 report. The firm has “Buy” rating by Bank of America given on Thursday, October 19. The firm has “Buy” rating by Dougherty & Company given on Thursday, January 14. On Monday, September 25 the stock rating was maintained by BMO Capital Markets with “Buy”. The company was maintained on Wednesday, August 30 by Cowen & Co. The rating was maintained by Stifel Nicolaus on Thursday, October 19 with “Buy”. KeyBanc Capital Markets maintained the shares of ADBE in report on Tuesday, September 26 with “Buy” rating. The firm has “Perform” rating by Oppenheimer given on Wednesday, September 2.

Investors sentiment increased to 1.11 in 2017 Q3. Its up 0.01, from 1.1 in 2017Q2. It improved, as 42 investors sold ADBE shares while 327 reduced holdings. 97 funds opened positions while 312 raised stakes. 414.95 million shares or 0.84% less from 418.45 million shares in 2017Q2 were reported. North Carolina-based Piedmont Inv Advsr Ltd has invested 0.39% in Adobe Systems Incorporated (NASDAQ:ADBE). Boston Private Wealth Limited Company invested in 0.15% or 25,286 shares. 52,633 are owned by Mitchell Cap Mgmt. 7,579 are owned by Stratos Wealth Prtnrs Limited. Endurance Wealth Mngmt invested in 0.05% or 1,834 shares. Stephens Ar owns 46,352 shares. Glg Ptnrs LP accumulated 48,465 shares. Profund Ltd Llc reported 42,651 shares. Ardsley Advisory Prtn holds 0.99% or 50,000 shares in its portfolio. Amundi Pioneer Asset Mgmt accumulated 1.81 million shares. Victory Management has invested 0.03% in Adobe Systems Incorporated (NASDAQ:ADBE). Lmr Prns Llp owns 5,515 shares. State Of New Jersey Common Pension Fund D stated it has 0.09% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Vantage Investment Advsrs Ltd Liability Com holds 1.05% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 27,547 shares. Bluestein R H And has 18,850 shares for 0.15% of their portfolio.

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