Eaton Vance Management Cut Adobe Sys Com (ADBE) Position By $3.49 Million; Savara (SVRA) Sellers Increased By 18.12% Their Shorts

December 11, 2017 - By Maria Brooks

Eaton Vance Management decreased Adobe Sys Inc Com (ADBE) stake by 3% reported in 2017Q2 SEC filing. Eaton Vance Management sold 24,783 shares as Adobe Sys Inc Com (ADBE)’s stock rose 14.01%. The Eaton Vance Management holds 800,318 shares with $113.20M value, down from 825,101 last quarter. Adobe Sys Inc Com now has $85.56 billion valuation. The stock decreased 0.60% or $1.04 during the last trading session, reaching $173.57. About 2.10M shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since December 11, 2016 and is uptrending. It has outperformed by 25.59% the S&P500.

Savara Incorporated (NASDAQ:SVRA) had an increase of 18.12% in short interest. SVRA’s SI was 274,400 shares in December as released by FINRA. Its up 18.12% from 232,300 shares previously. With 127,300 avg volume, 2 days are for Savara Incorporated (NASDAQ:SVRA)’s short sellers to cover SVRA’s short positions. The stock increased 4.59% or $0.62 during the last trading session, reaching $14.12. About 92,190 shares traded. Savara Inc. (NASDAQ:SVRA) has declined 74.75% since December 11, 2016 and is downtrending. It has underperformed by 91.45% the S&P500.

Savara Inc., a clinical-stage specialty pharmaceutical company, focuses on the development and commercialization of novel therapies for the treatment of serious or life-threatening rare respiratory diseases. The company has market cap of $430.67 million. The Company’s product pipeline comprises AeroVanc, a Phase III ready inhaled formulation of vancomycin for the treatment of persistent methicillin-resistant staphylococcus aureus and lung infection in cystic fibrosis patients; Molgradex, a Phase II/III stage inhaled granulocyte-macrophage colony-stimulating factor for the treatment of autoimmune pulmonary alveolar proteinosis; and Aironite, an inhaled nebulized sodium nitrite solution to treat heart failure with preserved ejection fraction. It currently has negative earnings.

Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 30 have Buy rating, 0 Sell and 8 Hold. Therefore 79% are positive. Adobe Systems had 125 analyst reports since August 11, 2015 according to SRatingsIntel. The company was upgraded on Tuesday, September 8 by Vetr. UBS maintained the stock with “Buy” rating in Wednesday, June 22 report. Susquehanna maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, October 7 with “Positive” rating. Credit Suisse maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Wednesday, September 21. Credit Suisse has “Neutral” rating and $105 target. The company was initiated on Thursday, January 14 by Dougherty & Company. The firm has “Buy” rating by Cowen & Co given on Wednesday, September 20. The firm has “Hold” rating by Credit Suisse given on Friday, September 15. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Buy” rating given on Wednesday, October 18 by KeyBanc Capital Markets. The firm earned “Buy” rating on Thursday, October 19 by Credit Suisse. Canaccord Genuity initiated it with “Buy” rating and $110 target in Thursday, March 31 report.

Investors sentiment increased to 1.11 in Q2 2017. Its up 0.01, from 1.1 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. Signature Est And Investment Advisors Limited Liability Corp holds 0.01% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 866 shares. Warren Averett Asset Management Limited stated it has 0.09% in Adobe Systems Incorporated (NASDAQ:ADBE). Motco reported 392 shares. Natixis holds 0.39% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 243,241 shares. Meyer Handelman invested in 0.01% or 2,500 shares. Endurance Wealth Management has 1,834 shares. Jacobs Levy Equity Mngmt owns 28,710 shares. Moreover, Advisor Ptnrs Ltd has 0.29% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 8,619 shares. 32,954 are owned by Sumitomo Life Insurance. Patten And Patten Inc Tn reported 4,450 shares stake. Alpha Windward Lc holds 0.15% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 1,640 shares. State Of Alaska Department Of Revenue invested 0.02% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Aperio Group Ltd stated it has 247,814 shares or 0.21% of all its holdings. Invesco holds 4.31 million shares. Covington Mngmt, a California-based fund reported 4,574 shares.

Analysts await Adobe Systems Incorporated (NASDAQ:ADBE) to report earnings on December, 21. They expect $0.96 earnings per share, up 15.66% or $0.13 from last year’s $0.83 per share. ADBE’s profit will be $473.22 million for 45.20 P/E if the $0.96 EPS becomes a reality. After $0.90 actual earnings per share reported by Adobe Systems Incorporated for the previous quarter, Wall Street now forecasts 6.67% EPS growth.

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