Decatur Capital Management Has Upped Its Adobe Systems (ADBE) Stake by $3.21 Million; Valuation Rose; Omers Administration Has Lowered Stake in Corning (GLW) by $1.08 Million

August 12, 2018 - By Jack Shaw

Corning Incorporated (NYSE:GLW) Logo

Omers Administration Corp decreased its stake in Corning Inc (GLW) by 24.56% based on its latest 2018Q1 regulatory filing with the SEC. Omers Administration Corp sold 40,100 shares as the company’s stock declined 9.29% with the market. The institutional investor held 123,200 shares of the telecommunications equipment company at the end of 2018Q1, valued at $3.44M, down from 163,300 at the end of the previous reported quarter. Omers Administration Corp who had been investing in Corning Inc for a number of months, seems to be less bullish one the $26.52B market cap company. The stock decreased 1.06% or $0.35 during the last trading session, reaching $32.74. About 3.84 million shares traded. Corning Incorporated (NYSE:GLW) has declined 8.49% since August 12, 2017 and is downtrending. It has underperformed by 21.06% the S&P500. Some Historical GLW News: 24/04/2018 – CORNING INC – “COMPANY REAFFIRMS OUTLOOK FOR STRONG 2018”; 24/04/2018 – Corning 1Q Adj EPS 31c; 06/03/2018 – CORNING INC – AUO WILL RENT ROOF SPACE FROM CO, SELL ELECTRICITY GENERATED BY SOLAR PANELS TO TAIWAN POWER CO; 24/04/2018 – CORNING INC – IN DISPLAY TECHNOLOGIES FOR FULL-YEAR 2018, EXPECTS CORNING’S VOLUME TO GROW FASTER THAN MARKET; 12/03/2018 – Corning TXF(TM) Optical Fiber Advances Next Generation Long-Haul Networks; 25/05/2018 – CORNING INC FILES PRELIMINARY PROSPECTUS SUPPLEMENT RELATED TO A POTENTIAL TWO-PART YEN DENOMINATED NOTES OFFERING – SEC FILING; 13/03/2018 – Corning to Showcase Industry Leadership at 2018 Optical Networking and Communication Conference; 10/05/2018 – Artemis Adds Annaly, Exits Corning, Cuts Equifax: 13F; 24/04/2018 – CORNING – FOR 2018, OPTICAL COMMUNICATIONS SALES EXPECTED TO INCREASE BY ABOUT 10%, EXCLUDING CONTRIBUTION FROM PENDING ACQUISITION OF A 3M DIVISION; 24/04/2018 – CORNING-FOR FY 2018, CO EXPECTS LCD GLASS MARKET VOLUME GROWTH TO BE IN MID-SINGLE DIGIT PERCENTAGES, AS TELEVISION SCREEN SIZE GROWTH CONTINUES

Decatur Capital Management Inc increased its stake in Adobe Systems Inc. (ADBE) by 50.03% based on its latest 2018Q1 regulatory filing with the SEC. Decatur Capital Management Inc bought 14,869 shares as the company’s stock rose 14.81% while stock markets declined. The institutional investor held 44,592 shares of the prepackaged software company at the end of 2018Q1, valued at $9.64 million, up from 29,723 at the end of the previous reported quarter. Decatur Capital Management Inc who had been investing in Adobe Systems Inc. for a number of months, seems to be bullish on the $124.23 billion market cap company. The stock decreased 0.04% or $0.1 during the last trading session, reaching $253.7. About 1.52 million shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 70.50% since August 12, 2017 and is uptrending. It has outperformed by 57.93% the S&P500. Some Historical ADBE News: 16/03/2018 – ADOBE SYSTEMS INC ADBE.O : MORGAN STANLEY RAISES TARGET PRICE TO $235 FROM $193; 02/05/2018 – Invesco Technology Adds Adobe, Exits Comcast, Cuts Apple; 17/04/2018 – Adobe Doesn’t Disclose Financial Details of Deal; 26/03/2018 – WIPRO, ADOBE EXPAND PARTNERSHIP ON ENHANCED DIGITAL SERVICES; 15/03/2018 – Adobe Systems 2Q Adj EPS $1.55; 27/03/2018 – ADOBE: AI MEANT TO ASSIST, RATHER THAN REPLACE, WORKERS; 27/03/2018 – HS2 Solutions Receives Adobe Emerging Partner of the Year Award for 2017 at Adobe Summit; 21/05/2018 – Adobe to buy Magento Commerce in $1.68 bln deal; 15/05/2018 – Adobe Accelerates Experience Design Growth With Starter Plan for Adobe XD; 17/04/2018 – Adobe Acquires Sayspring, a Platform for Voice Apps

Investors sentiment increased to 0.9 in 2018 Q1. Its up 0.01, from 0.89 in 2017Q4. It is positive, as 35 investors sold ADBE shares while 418 reduced holdings. 136 funds opened positions while 271 raised stakes. 405.65 million shares or 1.16% less from 410.42 million shares in 2017Q4 were reported. 989,850 are owned by Schroder Inv Management Gru. Cypress Asset Mgmt Inc Tx accumulated 1,660 shares. Mitchell Mcleod Pugh And Williams reported 11,156 shares or 1.73% of all its holdings. Envestnet Asset Inc holds 126,989 shares or 0.08% of its portfolio. Greystone Managed Incorporated owns 0.4% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 43,602 shares. Ubs Asset Mgmt Americas Inc invested in 3.49M shares or 0% of the stock. The Ontario – Canada-based Waratah Cap Advisors Limited has invested 0.34% in Adobe Systems Incorporated (NASDAQ:ADBE). Night Owl Mgmt Ltd Llc, Connecticut-based fund reported 34,104 shares. Alphaone Invest Svcs Ltd invested in 1,855 shares or 0.11% of the stock. Northstar Grp Inc owns 986 shares for 0.11% of their portfolio. Putnam Invests Ltd has invested 0.64% in Adobe Systems Incorporated (NASDAQ:ADBE). Panagora Asset Mgmt reported 797,957 shares. Inv House Ltd Llc, a California-based fund reported 110,410 shares. Eastern Bancshares reported 1.21% stake. Albion Group Ut has 0.12% invested in Adobe Systems Incorporated (NASDAQ:ADBE).

Among 39 analysts covering Adobe Systems (NASDAQ:ADBE), 27 have Buy rating, 0 Sell and 12 Hold. Therefore 69% are positive. Adobe Systems had 166 analyst reports since August 11, 2015 according to SRatingsIntel. The rating was maintained by S&P Research with “Hold” on Monday, September 21. The firm has “Equal-Weight” rating given on Friday, March 16 by Morgan Stanley. The firm earned “Overweight” rating on Wednesday, September 21 by Pacific Crest. RBC Capital Markets maintained the shares of ADBE in report on Thursday, March 15 with “Buy” rating. The firm has “Hold” rating given on Thursday, October 19 by Pivotal Research. On Friday, June 15 the stock rating was maintained by Stifel Nicolaus with “Buy”. Piper Jaffray maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Friday, December 15. Piper Jaffray has “Buy” rating and $205.0 target. Credit Suisse maintained the shares of ADBE in report on Monday, March 12 with “Buy” rating. The rating was maintained by Susquehanna on Wednesday, October 7 with “Positive”. The firm has “Buy” rating given on Thursday, June 8 by BMO Capital Markets.

Decatur Capital Management Inc, which manages about $528.00M and $485.15 million US Long portfolio, decreased its stake in Arista Networks (NYSE:ANET) by 17,053 shares to 35,997 shares, valued at $9.19M in 2018Q1, according to the filing. It also reduced its holding in Edwards Life Sciences Corp. (NYSE:EW) by 2,200 shares in the quarter, leaving it with 74,175 shares, and cut its stake in Pnc Financial Services (NYSE:PNC).

More notable recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Businesswire.com which released: “LiveRamp to Power People-based TV Campaigns for Adobe with IdentityLink” on July 31, 2018, also Nasdaq.com with their article: “After the Dip, Symantec Stock Could Have at Least 30% Upside” published on August 08, 2018, Nasdaq.com published: “Get into Bank Stocks Soon Because Inflation Is on the Way” on August 09, 2018. More interesting news about Adobe Systems Incorporated (NASDAQ:ADBE) were released by: Finance.Yahoo.com and their article: “The 5 Best Stocks to Buy for August” published on July 31, 2018 as well as Seekingalpha.com‘s news article titled: “Adobe: Thesis Intact Ahead Of Q3” with publication date: July 19, 2018.

Since March 19, 2018, it had 0 buys, and 12 selling transactions for $20.15 million activity. 5,000 Adobe Systems Incorporated (NASDAQ:ADBE) shares with value of $1.12M were sold by WARNOCK JOHN E. $3.94 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) shares were sold by Rencher Bradley. 2,945 shares valued at $746,558 were sold by Lewnes Ann on Wednesday, June 20. 10,500 shares were sold by Parasnis Abhay, worth $2.73 million on Friday, July 20.

Omers Administration Corp, which manages about $10.28 billion US Long portfolio, upped its stake in Rayonier Advanced Matls Inc (NYSE:RYAM) by 35,100 shares to 60,300 shares, valued at $1.30 million in 2018Q1, according to the filing. It also increased its holding in Alphabet Inc by 14,380 shares in the quarter, for a total of 178,243 shares, and has risen its stake in Visa Inc (NYSE:V).

Analysts await Corning Incorporated (NYSE:GLW) to report earnings on October, 23. They expect $0.47 EPS, up 9.30% or $0.04 from last year’s $0.43 per share. GLW’s profit will be $380.71 million for 17.41 P/E if the $0.47 EPS becomes a reality. After $0.38 actual EPS reported by Corning Incorporated for the previous quarter, Wall Street now forecasts 23.68% EPS growth.

More important recent Corning Incorporated (NYSE:GLW) news were published by: Seekingalpha.com which released: “Corning: Fully Priced After Strong Q2 Results?” on July 26, 2018, also Fool.com published article titled: “Why Corning’s Glass Is Half Full”, Fool.com published: “Why Corning Will Soar Higher After Its Second Quarter Earnings” on August 03, 2018. More interesting news about Corning Incorporated (NYSE:GLW) was released by: Fool.com and their article: “Here’s How Corning, Inc. Stock Jumped 11.5% Higher Today” with publication date: July 25, 2018.

Investors sentiment decreased to 0.63 in Q1 2018. Its down 0.21, from 0.84 in 2017Q4. It worsened, as 90 investors sold GLW shares while 349 reduced holdings. 71 funds opened positions while 204 raised stakes. 565.69 million shares or 5.45% less from 598.30 million shares in 2017Q4 were reported. Naples Advsr Lc stated it has 120,494 shares or 1% of all its holdings. Mcf Advsrs Limited Liability Com has 182 shares. Pennsylvania Company reported 105,347 shares. Laurion Capital Mngmt Ltd Partnership accumulated 13,700 shares. Jp Marvel Inv Ltd Liability holds 265,485 shares or 2.29% of its portfolio. Riverhead Capital Management Lc holds 246,491 shares. Cipher Limited Partnership owns 0.24% invested in Corning Incorporated (NYSE:GLW) for 70,002 shares. 241,227 were reported by Mutual Of America Capital Lc. Gradient Limited invested 0% of its portfolio in Corning Incorporated (NYSE:GLW). Mraz Amerine Assoc Inc accumulated 0.13% or 15,170 shares. Peoples Svcs Corporation owns 0.05% invested in Corning Incorporated (NYSE:GLW) for 3,233 shares. Blb&B Advsrs Ltd Liability accumulated 336,233 shares or 1.25% of the stock. Kbc Nv has 0.4% invested in Corning Incorporated (NYSE:GLW). Scotia holds 84,194 shares or 0.03% of its portfolio. Endurance Wealth Mngmt holds 0% of its portfolio in Corning Incorporated (NYSE:GLW) for 53 shares.

Since February 14, 2018, it had 1 buy, and 3 insider sales for $6.55 million activity. Pambianchi Christine M sold $29,895 worth of stock. The insider WEEKS WENDELL P sold 224,884 shares worth $6.46M. 30,000 shares valued at $887,931 were bought by CANNING JOHN A JR on Wednesday, February 14.

Corning Incorporated (NYSE:GLW) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Recent Posts