Centaur Capital Partners LP Holding in Brown & Brown (BRO) Raised as Share Price Declined; D L Carlson Investment Group Cut Adobe Systems (ADBE) Stake by $3.27 Million; Stock Rose

Adobe Systems Incorporated (NASDAQ:ADBE) Logo

D L Carlson Investment Group Inc decreased its stake in Adobe Systems (ADBE) by 56.99% based on its latest 2017Q4 regulatory filing with the SEC. D L Carlson Investment Group Inc sold 18,663 shares as the company’s stock rose 22.17% while stock markets declined. The institutional investor held 14,083 shares of the prepackaged software company at the end of 2017Q4, valued at $2.47 million, down from 32,746 at the end of the previous reported quarter. D L Carlson Investment Group Inc who had been investing in Adobe Systems for a number of months, seems to be less bullish one the $106.60B market cap company. The stock increased 1.67% or $3.54 during the last trading session, reaching $216.08. About 3.76M shares traded or 23.60% up from the average. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 66.71% since April 1, 2017 and is uptrending. It has outperformed by 55.16% the S&P500.

Zeke Ashton increased its stake in Brown & Brown Inc (BRO) by 82.81% based on its latest 2017Q4 regulatory filing with the SEC. Centaur Capital Partners Lp bought 26,500 shares as the company’s stock declined 1.08% with the market. The hedge fund run by Zeke Ashton held 58,500 shares of the finance company at the end of 2017Q4, valued at $3.01M, up from 32,000 at the end of the previous reported quarter. Centaur Capital Partners Lp who had been investing in Brown & Brown Inc for a number of months, seems to be bullish on the $3.51 billion market cap company. The stock decreased 0.27% or $0.07 during the last trading session, reaching $25.44. About 1.50M shares traded or 9.94% up from the average. Brown & Brown, Inc. (NYSE:BRO) has risen 18.96% since April 1, 2017 and is uptrending. It has outperformed by 7.41% the S&P500.

D L Carlson Investment Group Inc, which manages about $483.88 million and $337.75 million US Long portfolio, upped its stake in Ishares Nasdaq Biotech Indx (IBB) by 27,182 shares to 40,740 shares, valued at $4.35 million in 2017Q4, according to the filing. It also increased its holding in Tesla Motors Inc (NASDAQ:TSLA) by 1,425 shares in the quarter, for a total of 13,580 shares, and has risen its stake in Cree Inc. (NASDAQ:CREE).

Among 39 analysts covering Adobe Systems (NASDAQ:ADBE), 28 have Buy rating, 0 Sell and 11 Hold. Therefore 72% are positive. Adobe Systems had 157 analyst reports since August 11, 2015 according to SRatingsIntel. The company was maintained on Thursday, October 19 by Barclays Capital. The rating was maintained by Canaccord Genuity with “Buy” on Tuesday, June 20. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Mkt Perform” rating by FBR Capital on Friday, December 11. The firm has “Neutral” rating by Goldman Sachs given on Friday, March 18. Pivotal Research downgraded the stock to “Hold” rating in Thursday, January 12 report. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Wednesday, November 22. The firm has “Buy” rating given on Friday, December 11 by Pivotal Research. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Outperform” rating given on Friday, March 16 by BMO Capital Markets. The firm earned “Buy” rating on Monday, April 4 by Dougherty & Company. Bank of America maintained it with “Buy” rating and $213 target in Thursday, October 19 report.

Investors sentiment decreased to 0.89 in Q4 2017. Its down 0.22, from 1.11 in 2017Q3. It turned negative, as 47 investors sold ADBE shares while 389 reduced holdings. 107 funds opened positions while 280 raised stakes. 410.42 million shares or 1.09% less from 414.95 million shares in 2017Q3 were reported. Proshare Advisors Limited Co invested in 321,713 shares. The New York-based Fred Alger Mgmt has invested 0.77% in Adobe Systems Incorporated (NASDAQ:ADBE). Michigan-based Norris Perne French Llp Mi has invested 1.55% in Adobe Systems Incorporated (NASDAQ:ADBE). Eulav Asset Mgmt owns 0.42% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 51,000 shares. Kcm Invest Ltd Company invested in 0.08% or 7,698 shares. Canandaigua Savings Bank And owns 2,543 shares. Private Cap Advsrs Inc has invested 1.91% in Adobe Systems Incorporated (NASDAQ:ADBE). Moreover, Twin Cap Mngmt Inc has 0.86% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Moreover, Kemnay Advisory Services has 4.13% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 52,613 shares. Zacks Invest Management holds 0.1% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 26,635 shares. Rathbone Brothers Public Limited owns 231,590 shares for 1.65% of their portfolio. Barometer holds 0.81% or 50,950 shares. Lmr Prns Llp invested in 0.35% or 19,241 shares. Zeke Capital Limited Co accumulated 8,462 shares or 0.16% of the stock. Dodge Cox owns 91,653 shares.

Since October 11, 2017, it had 1 buying transaction, and 15 sales for $80.96 million activity. $3.63M worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by Rencher Bradley on Wednesday, January 24. WARNOCK JOHN E had sold 5,000 shares worth $1.12M. Another trade for 50,775 shares valued at $10.16 million was sold by THOMPSON MATTHEW. On Wednesday, December 13 Lewnes Ann sold $338,846 worth of Adobe Systems Incorporated (NASDAQ:ADBE) or 1,953 shares. The insider NARAYEN SHANTANU sold 165,023 shares worth $32.66M. 21,276 shares were sold by GESCHKE CHARLES M, worth $3.97M on Wednesday, January 10.

Investors sentiment decreased to 0.98 in 2017 Q4. Its down 0.18, from 1.16 in 2017Q3. It is negative, as 18 investors sold BRO shares while 91 reduced holdings. 38 funds opened positions while 69 raised stakes. 97.17 million shares or 2.33% less from 99.49 million shares in 2017Q3 were reported. Carroll Financial Assocs reported 83 shares. Vaughan David Investments Inc Il holds 0.24% or 100,000 shares. State Of Tennessee Treasury Department holds 0.03% or 140,000 shares. Morgan Dempsey Cap Mgmt Lc reported 498 shares stake. Bessemer Gp invested 0.03% in Brown & Brown, Inc. (NYSE:BRO). Employees Retirement Sys Of Texas accumulated 65,000 shares. Altrinsic Advsrs Ltd Liability Corporation owns 19,583 shares. Td Asset Mngmt owns 27,573 shares for 0% of their portfolio. California Public Employees Retirement Systems has 333,940 shares. Crow Point Prtn Lc holds 0.01% or 1,250 shares. Raymond James & Associate has 0.05% invested in Brown & Brown, Inc. (NYSE:BRO). Zurcher Kantonalbank (Zurich Cantonalbank) reported 6,519 shares. Deutsche Financial Bank Ag stated it has 757,949 shares or 0.02% of all its holdings. Sei Invests reported 38,342 shares stake. Pacad Investment Limited owns 1,700 shares for 0.02% of their portfolio.

Among 14 analysts covering Brown & Brown (NYSE:BRO), 2 have Buy rating, 3 Sell and 9 Hold. Therefore 14% are positive. Brown & Brown had 50 analyst reports since August 24, 2015 according to SRatingsIntel. Deutsche Bank downgraded the stock to “Hold” rating in Monday, October 24 report. The stock has “Sector Perform” rating by RBC Capital Markets on Wednesday, October 21. The stock of Brown & Brown, Inc. (NYSE:BRO) has “Hold” rating given on Friday, June 2 by Keefe Bruyette & Woods. On Wednesday, March 28 the stock rating was maintained by Morgan Stanley with “Underweight”. The stock has “Underweight” rating by Barclays Capital on Tuesday, July 19. RBC Capital Markets maintained the shares of BRO in report on Wednesday, January 27 with “Sector Perform” rating. Citigroup downgraded the stock to “Sell” rating in Wednesday, November 8 report. RBC Capital Markets maintained Brown & Brown, Inc. (NYSE:BRO) on Monday, June 12 with “Hold” rating. The stock has “Market Perform” rating by William Blair on Monday, March 21. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Monday, December 4 report.

Centaur Capital Partners Lp, which manages about $166.13M and $63.09 million US Long portfolio, decreased its stake in Flir Sys Inc (NASDAQ:FLIR) by 34,000 shares to 6,000 shares, valued at $280,000 in 2017Q4, according to the filing. It also reduced its holding in Usa Technologies Inc (NASDAQ:USAT) by 137,500 shares in the quarter, leaving it with 112,500 shares, and cut its stake in Spdr S&P 500 Etf Tr (Put) (SPY).

Since March 13, 2018, it had 0 buys, and 1 insider sale for $7.40 million activity.

Brown & Brown, Inc. (NYSE:BRO) Institutional Positions Chart