Infosys Limited (INFY) Forms $16.62 Double Top; Eulav Asset Management Has Lowered By $875,000 Its Adobe Sys (ADBE) Stake

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Infosys Limited (INFY) formed double top with $17.12 target or 3.00% above today’s $16.62 share price. Infosys Limited (INFY) has $35.71 billion valuation. The stock decreased 7.72% or $1.39 during the last trading session, reaching $16.62. About 24.60 million shares traded or 293.42% up from the average. Infosys Limited (NYSE:INFY) has risen 12.51% since April 15, 2017 and is uptrending. It has outperformed by 0.96% the S&P500.

Eulav Asset Management decreased Adobe Sys Inc (ADBE) stake by 8.93% reported in 2017Q4 SEC filing. Eulav Asset Management sold 5,000 shares as Adobe Sys Inc (ADBE)’s stock rose 22.17%. The Eulav Asset Management holds 51,000 shares with $8.94M value, down from 56,000 last quarter. Adobe Sys Inc now has $110.34 billion valuation. The stock decreased 1.28% or $2.9 during the last trading session, reaching $224.06. About 1.98M shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 66.71% since April 15, 2017 and is uptrending. It has outperformed by 55.16% the S&P500.

Since October 11, 2017, it had 1 insider purchase, and 15 insider sales for $83.70 million activity. $5.97 million worth of stock was sold by LAMKIN BRYAN on Wednesday, January 31. THOMPSON MATTHEW also sold $10.16 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) shares. $297,032 worth of stock was sold by Lewnes Ann on Wednesday, October 11. WARNOCK JOHN E also sold $1.18M worth of Adobe Systems Incorporated (NASDAQ:ADBE) shares. Another trade for 1,125 shares valued at $199,520 was made by Banse Amy on Monday, December 18. NARAYEN SHANTANU sold 165,023 shares worth $32.66M. 29,404 shares valued at $5.81 million were sold by Morris Donna on Wednesday, January 24.

Eulav Asset Management increased Alexion Pharmaceuticals Inc (NASDAQ:ALXN) stake by 18,000 shares to 405,000 valued at $48.43M in 2017Q4. It also upped Blackbaud Inc (NASDAQ:BLKB) stake by 4,500 shares and now owns 15,800 shares. Fair Isaac Corp (NYSE:FICO) was raised too.

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 stock has “Buy” rating by Robert W. Baird on Friday, October 6. The rating was maintained by Jefferies on Friday, September 18 with “Buy”. The rating was maintained by Argus Research with “Buy” on Monday, December 14. On Wednesday, September 2 the stock rating was upgraded by Vetr to “Strong-Buy”. The rating was maintained by RBC Capital Markets with “Buy” on Sunday, September 3. The firm has “Buy” rating by Bernstein given on Tuesday, January 23. The company was maintained on Sunday, August 6 by Piper Jaffray. The rating was maintained by Cowen & Co with “Buy” on Thursday, July 27. As per Thursday, December 14, the company rating was maintained by Canaccord Genuity. The firm earned “Buy” rating on Friday, March 16 by Cowen & Co.

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. Tiverton Asset Mgmt Limited Company owns 1.12% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 102,104 shares. Moreover, Ativo Capital Management Lc has 0.44% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Zevin Asset Mngmt Limited Liability Com accumulated 4,252 shares. Assets Invest Management Limited Liability Company stated it has 0.41% in Adobe Systems Incorporated (NASDAQ:ADBE). Commonwealth Fincl Bank Of Australia holds 0.02% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 13,973 shares. Texas-based United Automobile Association has invested 0.25% in Adobe Systems Incorporated (NASDAQ:ADBE). 50,924 are held by Palladium Prns Lc. Cadence Cap Mngmt Limited Liability reported 0.03% in Adobe Systems Incorporated (NASDAQ:ADBE). Quantbot Technology Limited Partnership invested 0.06% in Adobe Systems Incorporated (NASDAQ:ADBE). British Columbia Inv Mgmt invested in 257,118 shares. Financial Engines Advsrs holds 0% or 31 shares in its portfolio. 1,699 were reported by Rockland. American Research & Management reported 44,250 shares. First Merchants Corp holds 0.04% or 1,200 shares. Sigma Planning accumulated 4,116 shares.

Among 22 analysts covering Infosys (NYSE:INFY), 5 have Buy rating, 3 Sell and 14 Hold. Therefore 23% are positive. Infosys has $20 highest and $14 lowest target. $16.80’s average target is 1.08% above currents $16.62 stock price. Infosys had 41 analyst reports since July 24, 2015 according to SRatingsIntel. The company was upgraded on Friday, July 24 by Macquarie Research. The stock of Infosys Limited (NYSE:INFY) earned “Negative” rating by Susquehanna on Monday, February 5. HSBC upgraded the shares of INFY in report on Thursday, June 8 to “Buy” rating. The firm has “Buy” rating by Deutsche Bank given on Tuesday, August 29. Cowen & Co maintained the shares of INFY in report on Friday, August 18 with “Hold” rating. Cowen & Co maintained the shares of INFY in report on Monday, January 15 with “Hold” rating. The firm has “Outperform” rating by Credit Suisse given on Thursday, January 14. The stock has “Hold” rating by Societe Generale on Monday, September 28. The firm has “Neutral” rating by Nomura given on Monday, July 18. Robert W. Baird maintained it with “Hold” rating and $1800 target in Tuesday, April 3 report.

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