Markets

Jeff Ubben Nearly Exits Position in Adobe Systems

Jeff Ubben ( Trades , Portfolio ) of ValueAct Holdings made more transactions in the first quarter than he has made in a single quarter in a year, but more than half were reductions or divestitures of stakes in his portfolio. The guru made one new buy in the first quarter and added to two existing stakes.

Ubben's most significant first-quarter transaction was the near-divestiture of his stake in Adobe Systems Inc. ( ADBE ), a San Jose, California-based computer software company. Ubben sold -4,……4,7'9 shares for an average price of $86.68 per share. The deal had a -9.--% impact on Ubben's portfolio.

The remaining stake of 6,……… shares is ….…-% of Ubben's total assets. Adobe's leading shareholder among the gurus is PRIMECAP Management ( Trades , Portfolio ) with a stake of '',--',…85 shares. The stake is 6.64% of Adobe's outstanding shares and '.-'% of PRIMECAP's total assets.

Adobe has a P/E of 6'.4, a forward P/E of -7, a P/B of 7.- and a P/S of -…. GuruFocus gives Adobe a Financial Strength rating of 8/-… and a Profitability and Growth rating of 7/-….

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Adobe sold for $99.47 per share Tuesday. The DCF Calculator gives Adobe a fair value of $-6.8.

Ubben trimmed his stake in Motorola Solutions Inc. ( MSI ), a Chicago-based telecommunications equipment company, by more than 5'% with the sale of 9,'75,……… shares for an average price of $67.47 per share. The transaction had a -4.44% impact on Ubben's portfolio.

The remaining stake of 8,--',576 shares is 4.7% of Motorola's outstanding shares and 6.--% of Ubben's total assets. Ubben is Motorola's leading shareholder among the gurus.

Motorola has a P/E of -'.9, a forward P/E of -'.8 and a P/S of -.4. GuruFocus gives Motorola a Financial Strength rating of 7/-… and a Profitability and Growth rating of 4/-….

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Motorola sold for $69.-7 per share Tuesday. The DCF Calculator gives Motorola a fair value of $'-.

Ubben pared his stake in Agrium Inc. ( AGU ), a Canadian supplier of agricultural products and services, by more than 68%. The guru sold 6,8'',-5- shares for an average price of $86.'7 per share. The deal had a -4.-'% impact on Ubben's portfolio.

The remaining stake of ',-7…,'…… shares is -.-9% of Agrium's outstanding shares and -.79% of Ubben's total assets. Ubben is Agrium's leading shareholder among the gurus.

Agrium has a P/E of -'.4, a forward P/E of -'.7, a P/B of - and a P/S of ….9. GuruFocus gives Agrium a Financial Strength rating of 7/-… and a Profitability and Growth rating of 8/-….

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Agrium sold for $9….- per share Tuesday. The DCF Calculator gives Agrium a fair value of $-96.-5 with a margin of safety of 54%.

Ubben reduced his stake in MSCI Inc. ( MSCI ), a New York City-based provider of equity, fixed income and hedge fund stock market indexes and equity portfolio analysis tools, by nearly '6%. Ubben sold -,-66,4-- shares for an average price of $69.-4 per share. The transaction had a --.-'% impact on Ubben's

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This article first appeared on GuruFocus .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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