Hedge Funds Make Big After Adobe Rises 6.84%

Adobe Systems Incorporated (ADBE) rises 6.84% on Friday at 11:57AM EST after the company reported its fourth quarter earnings. The software designer disclosed adjusted earnings of $0.67 per share and revenue growth of 14% to $1.15 billion. According to Forbes, “Adobe expects adjusted earnings per share of $0.54 to $0.59, on revenue of $1.03 billion to $1.08 billion. Both ranges are ahead of analyst expectations at the high end.”

VALUEACT CAPITAL

Adobe closed at $26.46 on Thursday, and is now trading at $28.27, corresponding to a 6.84% or $1.81 increase. Here is a list of hedge funds that may reveal large gains due to the price surge.

1. ValueAct Capital – Jeffrey Ubben: gains $30.25 million

2. Legg Mason Capital Management – Bill Miller: gains $6.18 million

3. Pennant Capital Management – Alan Fournier: gains $6.13 million

4. Renaissance Technologies – Jim Simons: gains $2.85 million

5. Adage Capital Management – Phill Gross and Robert Atchinson: gains $1.24 million

6. D. E. Shaw – David E. Shaw: gains $1.00 million

7. Highbridge Capital Management – Glenn Russell Dubin: gains $911 thousand

8. Tiger Global Management LLC – Chase Coleman: gains $905 thousand

9. Bridgewater Associates – Ray Dalio: gains $835 thousand

10. SAC Capital Advisors – Steven Cohen: gains $553 thousand

DISCLAIMER: These calculations assume that these hedge funds did not increase or reduce their stock positions in ADBE since the end of September. We did not take into account their option positions.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!