Aon Plc (AON) Holder Norinchukin Bank The Has Decreased Its Stake by $1.91 Million; Adobe Sys Com (ADBE) Shareholder First Long Island Investors Trimmed Stake

February 15, 2018 - By Peter Erickson

First Long Island Investors Llc decreased its stake in Adobe Sys Inc Com (ADBE) by 12.38% based on its latest 2017Q3 regulatory filing with the SEC. First Long Island Investors Llc sold 16,956 shares as the company’s stock rose 14.01% with the market. The hedge fund held 120,032 shares of the prepackaged software company at the end of 2017Q3, valued at $17.91M, down from 136,988 at the end of the previous reported quarter. First Long Island Investors Llc who had been investing in Adobe Sys Inc Com for a number of months, seems to be less bullish one the $98.04B market cap company. The stock increased 1.17% or $2.3 during the last trading session, reaching $199.43. About 755,618 shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since February 15, 2017 and is uptrending. It has outperformed by 25.59% the S&P500.

Norinchukin Bank The decreased its stake in Aon Plc (AON) by 53.57% based on its latest 2017Q3 regulatory filing with the SEC. Norinchukin Bank The sold 13,061 shares as the company’s stock rose 8.30% with the market. The institutional investor held 11,320 shares of the specialty insurers company at the end of 2017Q3, valued at $1.65M, down from 24,381 at the end of the previous reported quarter. Norinchukin Bank The who had been investing in Aon Plc for a number of months, seems to be less bullish one the $35.06B market cap company. The stock increased 0.18% or $0.25 during the last trading session, reaching $140.22. About 357,027 shares traded. Aon plc (NYSE:AON) has risen 21.47% since February 15, 2017 and is uptrending. It has outperformed by 4.77% the S&P500.

Norinchukin Bank The, which manages about $5.17 billion US Long portfolio, upped its stake in Lyondellbasell Industries N (NYSE:LYB) by 3,059 shares to 45,498 shares, valued at $4.51M in 2017Q3, according to the filing. It also increased its holding in Pricelinegrp Inc (NASDAQ:PCLN) by 200 shares in the quarter, for a total of 6,142 shares, and has risen its stake in Bristol Myers Squibb Co (NYSE:BMY).

Among 15 analysts covering Aon Corporation (NYSE:AON), 3 have Buy rating, 2 Sell and 10 Hold. Therefore 20% are positive. Aon Corporation had 47 analyst reports since August 3, 2015 according to SRatingsIntel. As per Monday, May 2, the company rating was maintained by RBC Capital Markets. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Sunday, August 6. Citigroup maintained Aon plc (NYSE:AON) on Monday, August 7 with “Buy” rating. The company was maintained on Wednesday, August 9 by Deutsche Bank. As per Friday, February 2, the company rating was maintained by RBC Capital Markets. As per Friday, April 8, the company rating was maintained by Citigroup. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Monday, October 31 report. The rating was maintained by Wells Fargo with “Hold” on Friday, August 4. Keefe Bruyette & Woods maintained Aon plc (NYSE:AON) on Monday, December 4 with “Buy” rating. RBC Capital Markets maintained Aon plc (NYSE:AON) rating on Monday, October 9. RBC Capital Markets has “Hold” rating and $143.0 target.

Investors sentiment increased to 1.11 in 2017 Q3. Its up 0.01, from 1.1 in 2017Q2. It increased, 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. Thematic Prns Limited Liability Corp holds 339,867 shares or 1.62% of its portfolio. Verition Fund Management Lc holds 6,222 shares or 0.07% of its portfolio. Alliancebernstein Ltd Partnership holds 0.43% or 3.85M shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt owns 40,127 shares for 0.09% of their portfolio. Melvin Cap LP has invested 0.71% in Adobe Systems Incorporated (NASDAQ:ADBE). D L Carlson Gru has 1.52% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Fic Capital owns 129,453 shares. Pennsylvania-based Zeke Capital Ltd has invested 0.17% in Adobe Systems Incorporated (NASDAQ:ADBE). Amundi Pioneer Asset Mgmt Incorporated has invested 0.86% in Adobe Systems Incorporated (NASDAQ:ADBE). Jpmorgan Chase Co owns 11.73 million shares. Marvin Palmer Associate Incorporated reported 16,676 shares. Aristotle Cap Mgmt Ltd accumulated 3.68% or 3.18M shares. Rhumbline Advisers stated it has 0.27% in Adobe Systems Incorporated (NASDAQ:ADBE). Windward Mgmt Ca invested 0.04% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Halbert Hargrove Russell Lc owns 1,509 shares for 0.06% of their portfolio.

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 rating was maintained by RBC Capital Markets on Sunday, October 8 with “Buy”. The firm earned “Buy” rating on Tuesday, January 23 by Credit Suisse. The rating was maintained by Stephens on Tuesday, January 2 with “Buy”. The company was maintained on Friday, March 18 by Goldman Sachs. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Hold” rating given on Thursday, October 19 by Pivotal Research. Wells Fargo maintained it with “Hold” rating and $145.0 target in Wednesday, September 20 report. The rating was upgraded by Credit Suisse on Friday, March 24 to “Outperform”. The firm has “Outperform” rating by RBC Capital Markets given on Friday, October 2. The firm earned “Buy” rating on Wednesday, June 21 by Wunderlich. The rating was downgraded by J.P. Morgan to “Hold” on Tuesday, December 12.

Since September 13, 2017, it had 1 insider buy, and 14 sales for $79.49 million activity. DILLON MICHAEL A sold $1.26M worth of stock. Lewnes Ann sold $338,846 worth of stock or 1,953 shares. 1,125 shares valued at $199,520 were bought by Banse Amy on Monday, December 18. The insider GESCHKE CHARLES M sold $3.97 million. On Friday, October 20 WARNOCK JOHN E sold $1.18 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) or 6,800 shares. Another trade for 50,775 shares valued at $10.16 million was made by THOMPSON MATTHEW on Friday, January 26.

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