Galmed Pharmaceuticals Ltd. (GLMD) Reaches $5.42 After 5.00% Down Move; King Luther Capital Management Has Upped Its Adobe Sys (ADBE) Position

February 20, 2018 - By Vivian Park

King Luther Capital Management Corp increased Adobe Sys Inc (ADBE) stake by 0.28% reported in 2017Q3 SEC filing. King Luther Capital Management Corp acquired 4,125 shares as Adobe Sys Inc (ADBE)’s stock rose 14.01%. The King Luther Capital Management Corp holds 1.47 million shares with $219.70 million value, up from 1.47 million last quarter. Adobe Sys Inc now has $100.26 billion valuation. The stock increased 1.18% or $2.385 during the last trading session, reaching $203.945. About 1.54 million shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since February 20, 2017 and is uptrending. It has outperformed by 25.59% the S&P500.

The stock of Galmed Pharmaceuticals Ltd. (NASDAQ:GLMD) is a huge mover today! The stock decreased 8.45% or $0.5 during the last trading session, reaching $5.42. About 113,877 shares traded or 12.96% up from the average. Galmed Pharmaceuticals Ltd. (NASDAQ:GLMD) has risen 0.41% since February 20, 2017 and is uptrending. It has underperformed by 16.29% the S&P500.The move comes after 6 months negative chart setup for the $69.02 million company. It was reported on Feb, 20 by Barchart.com. We have $5.15 PT which if reached, will make NASDAQ:GLMD worth $3.45M less.

Among 5 analysts covering Galmed Pharmaceuticals Ltd (NASDAQ:GLMD), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Galmed Pharmaceuticals Ltd has $32 highest and $1400 lowest target. $20.40’s average target is 276.38% above currents $5.42 stock price. Galmed Pharmaceuticals Ltd had 8 analyst reports since August 14, 2015 according to SRatingsIntel. The stock has “Buy” rating by Maxim Group on Monday, July 31. As per Monday, March 28, the company rating was reinitiated by H.C. Wainwright. The company was downgraded on Wednesday, February 14 by Maxim Group. The stock of Galmed Pharmaceuticals Ltd. (NASDAQ:GLMD) has “Buy” rating given on Thursday, August 13 by Roth Capital. H.C. Wainwright maintained Galmed Pharmaceuticals Ltd. (NASDAQ:GLMD) rating on Tuesday, August 8. H.C. Wainwright has “Buy” rating and $1800 target.

Analysts await Galmed Pharmaceuticals Ltd. (NASDAQ:GLMD) to report earnings on March, 22. They expect $-0.23 earnings per share, up 42.50% or $0.17 from last year’s $-0.4 per share. After $-0.23 actual earnings per share reported by Galmed Pharmaceuticals Ltd. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Galmed Pharmaceuticals Ltd., a clinical-stage biopharmaceutical company, focuses on the development of therapeutics for the treatment of liver diseases. The company has market cap of $69.02 million. The firm is developing Aramchol, an oral therapy, which is in ARREST study, a Phase IIb clinical study for the treatment of patients with overweight or obesity, and who are pre-diabetic or type-II-diabetic with non-alcoholic steato-hepatitis. It currently has negative earnings. It is also evaluating Aramchol through ARRIVE Study, a proof-of-concept Phase IIa clinical trial, with HIV-associated non-alcoholic fatty liver disease and lipodystrophy.

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. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Buy” rating given on Friday, September 18 by Jefferies. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Buy” rating by Bank of America on Wednesday, December 13. The rating was maintained by JP Morgan with “Overweight” on Friday, December 11. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Wednesday, November 22. The stock has “Neutral” rating by Robert W. Baird on Tuesday, August 25. The firm has “Buy” rating given on Thursday, June 8 by BMO Capital Markets. The company was maintained on Monday, December 11 by Cowen & Co. J.P. Morgan downgraded Adobe Systems Incorporated (NASDAQ:ADBE) rating on Tuesday, December 12. J.P. Morgan has “Hold” rating and $185.0 target. On Friday, March 24 the stock rating was upgraded by Credit Suisse to “Outperform”. The firm earned “Buy” rating on Friday, March 18 by Citigroup.

Investors sentiment increased to 1.11 in Q3 2017. 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. Umb Bank & Trust N A Mo has 0.18% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Stratos Wealth Partners holds 7,579 shares. Norris Perne & French Llp Mi reported 1.44% stake. 1,610 were reported by Windward Cap Ca. Duncker Streett invested in 1,000 shares or 0.05% of the stock. Court Place Advisors Ltd Liability Corp reported 2,576 shares or 0.17% of all its holdings. First Mercantile Trust Communication reported 0.22% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Engineers Gate Manager LP invested 0.43% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Aristotle Mgmt Ltd Company has invested 3.68% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). 1832 Asset Mngmt L P, a Ontario – Canada-based fund reported 5,977 shares. Marvin & Palmer Associate stated it has 16,676 shares or 3.06% of all its holdings. Employees Retirement System Of Texas holds 208,400 shares. Ghp Inv Advisors owns 1,656 shares for 0.04% of their portfolio. Cape Cod Five Cents Fincl Bank reported 37,150 shares. Boston Advisors Ltd reported 173,386 shares stake.

Since September 13, 2017, it had 1 insider purchase, and 14 selling transactions for $79.49 million activity. Shares for $10.16 million were sold by THOMPSON MATTHEW on Friday, January 26. Morris Donna had sold 29,404 shares worth $5.81 million. Shares for $5.97M were sold by LAMKIN BRYAN. Another trade for 18,410 shares valued at $3.63M was sold by Rencher Bradley. On Wednesday, January 10 the insider GESCHKE CHARLES M sold $3.97M. $199,520 worth of Adobe Systems Incorporated (NASDAQ:ADBE) was bought by Banse Amy. 1,953 Adobe Systems Incorporated (NASDAQ:ADBE) shares with value of $297,032 were sold by Lewnes Ann.

King Luther Capital Management Corp decreased Acxiom Corp (NASDAQ:ACXM) stake by 67,685 shares to 306,884 valued at $7.56 million in 2017Q3. It also reduced Microsoft Corp (NASDAQ:MSFT) stake by 8,696 shares and now owns 2.82M shares. Lindsay Mfg Co (NYSE:LNN) was reduced too.

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