The following information is a highlight of the real-time guru activity we saw this week. To view more information on these gurus, check out their guru portfolios. “Real Time Picks” reports the stock purchases and sells that Gurus have made within the prior two weeks. If a Guru makes a purchase or sell of a company in which they own a greater-than 5% stake, SEC regulations require them to report their transaction within two days.
This was a relatively quiet week in real time picks, but First Pacific Advisors released their third quarter portfolio, alongside the T. Rowe Price Japan Fund’s most recent portfolio update. We saw real time activity from Jeff Ubben, Mario Gabelli and Richard Blum.
Jeff Ubben
Over the past week Ubben made a reduction to his position in Adobe Systems (ADBE, Financial). The guru cut his position -8.09% by selling a total of 2,533,106 shares. Ubben sold these shares at an average price of $51.91 per share; the price is trading slightly up today at $52.07 per share.
Ubben now holds on to a total of 28,770,256 shares of Adobe stock, representing 5.73% of the company’s shares outstanding.
Ubben’s historical holding history:
Adobe Systems is a global software company. The Company offers a line of software and services used by creative professionals, marketers, application developers, enterprises and consumers for creating, managing, delivering and engaging with content and experiences across multiple operating systems, devices and media.
Adobe’s historical revenue and net income:
The company’s third quarter financial results reported:
· Marketing cloud achieved year-over-year revenue growth of 28%.
· Diluted EPS of $0.16.
· Cash flow from operations was $215.5 million.
· Revenue of $995.1 million.
· The Adobe Creative Cloud surpassed one million subscriptions during the quarter.
The Peter Lynch Chart suggests that the company is currently overvalued:
Adobe Systems has a market cap of $26.22 billion. Its shares are currently trading at around $52.46 with a P/E ratio of 59.60, a P/S ratio of 6.50 and a P/B ratio of 3.80. The company had an annual average earnings growth of 11.70% over the past ten years.
GuruFocus rated Adobe Systems the business predictability rank of 3.5-stars.
Mario Gabelli
Over the past week Gabelli increased his stake in two of his holdings.
Gabelli made the most notable increase to his stake in Lennar Corporation (LEN.B). The guru increased his position 36.04% by purchasing a total 343,004 shares of the company’s stock. He bought these shares at estimated average price of $28.49 per share. Since then the price per share is up about 2% to $29.15.
Gabelli now holds on to a total of 1,294,679 shares of Lennar, representing 0.67% of the company’s shares outstanding.
Gabelli’s historical holding history:
Lennar Corporation is one of the U.S.’s largest homebuilders and a provider of financial services. Its homebuilding operations include the construction and sale of single-family attached and detached homes.
Lennar’s historical revenue and net income:
The Peter Lynch Chart suggests that the company is currently undervalued:
Lennar Corporation has a market cap of $5.6 billion. Its shares are currently trading at around $28.99 with a P/E ratio of 17.90, a P/S ratio of 1.20 and P/B ratio of 1.80.
Gabelli made a smaller increase in holdings in the company Strattec Security Co. (STRT). The guru upped his stake 4.82% by purchasing 13,136 shares. He purchased these shares at an average price of $41.22, and since then the price per share has increased about 2%.
Gabelli now holds on to a total of 285,647 shares of Strattec Security, representing 8.58% of the company’s shares outstanding.
Gabelli’s historical holding history:
Strattec Security designs, develops, manufactures and markets mechanical locks, electro-mechanical locks, latches and related security/access control products for major North American and global automotive manufacturers.
Strattec Securities historical revenue and net income:
The Peter Lynch Chart suggests that the company is currently undervalued:
Strattec Security has a market cap of $145.3 million. Its shares are currently trading at around $42.04 with a P/E ratio of 15.40, a P/S ratio of 0.50 and a P/B ratio of 1.30.
Richard Blum
Over the past week Richard Blum made yet another decrease in his holdings in his position in ITT Educational Services (ESI). Since the beginning of August Blum has made six different sells of the company’s stock totaling up to 571,967 shares.
Most recently Blum cut his position -8.27% by selling a total of 237,254 shares. The guru sold these shares at an average price of $31.94 per share, and since then the price per share has risen about 7%. Blum currently holds 2,630,977 shares of ITT Educational stock, representing 11.26% of the company’s shares outstanding.
Blum’s historical holding history:
ITT Educational Services is a provider of postsecondary degree programs in the United States. It offers diploma, associate, bachelor and master degree programs.
ITT Educational’s historical revenue and net income:
The Peter Lynch Chart suggests that the company is currently undervalued:
ITT Educational Services has a market cap of $782 million. Its shares are currently trading at around $33.51 with a P/E ratio of 9.10, a P/S ratio of 0.70 and a P/B ratio of 4.40. The company had an annual average earnings growth of 25.50% over the past ten years.
GuruFocus rated ITT Educational Services the business predictability rank of 4.5-star.
Check out the most current GuruFocus Real Time Picks here.
Try a free 7-day Premium Membership trial.
This was a relatively quiet week in real time picks, but First Pacific Advisors released their third quarter portfolio, alongside the T. Rowe Price Japan Fund’s most recent portfolio update. We saw real time activity from Jeff Ubben, Mario Gabelli and Richard Blum.
Jeff Ubben
Over the past week Ubben made a reduction to his position in Adobe Systems (ADBE, Financial). The guru cut his position -8.09% by selling a total of 2,533,106 shares. Ubben sold these shares at an average price of $51.91 per share; the price is trading slightly up today at $52.07 per share.
Ubben now holds on to a total of 28,770,256 shares of Adobe stock, representing 5.73% of the company’s shares outstanding.
Ubben’s historical holding history:
Adobe Systems is a global software company. The Company offers a line of software and services used by creative professionals, marketers, application developers, enterprises and consumers for creating, managing, delivering and engaging with content and experiences across multiple operating systems, devices and media.
Adobe’s historical revenue and net income:
The company’s third quarter financial results reported:
· Marketing cloud achieved year-over-year revenue growth of 28%.
· Diluted EPS of $0.16.
· Cash flow from operations was $215.5 million.
· Revenue of $995.1 million.
· The Adobe Creative Cloud surpassed one million subscriptions during the quarter.
The Peter Lynch Chart suggests that the company is currently overvalued:
Adobe Systems has a market cap of $26.22 billion. Its shares are currently trading at around $52.46 with a P/E ratio of 59.60, a P/S ratio of 6.50 and a P/B ratio of 3.80. The company had an annual average earnings growth of 11.70% over the past ten years.
GuruFocus rated Adobe Systems the business predictability rank of 3.5-stars.
Mario Gabelli
Over the past week Gabelli increased his stake in two of his holdings.
Gabelli made the most notable increase to his stake in Lennar Corporation (LEN.B). The guru increased his position 36.04% by purchasing a total 343,004 shares of the company’s stock. He bought these shares at estimated average price of $28.49 per share. Since then the price per share is up about 2% to $29.15.
Gabelli now holds on to a total of 1,294,679 shares of Lennar, representing 0.67% of the company’s shares outstanding.
Gabelli’s historical holding history:
Lennar Corporation is one of the U.S.’s largest homebuilders and a provider of financial services. Its homebuilding operations include the construction and sale of single-family attached and detached homes.
Lennar’s historical revenue and net income:
The Peter Lynch Chart suggests that the company is currently undervalued:
Lennar Corporation has a market cap of $5.6 billion. Its shares are currently trading at around $28.99 with a P/E ratio of 17.90, a P/S ratio of 1.20 and P/B ratio of 1.80.
Gabelli made a smaller increase in holdings in the company Strattec Security Co. (STRT). The guru upped his stake 4.82% by purchasing 13,136 shares. He purchased these shares at an average price of $41.22, and since then the price per share has increased about 2%.
Gabelli now holds on to a total of 285,647 shares of Strattec Security, representing 8.58% of the company’s shares outstanding.
Gabelli’s historical holding history:
Strattec Security designs, develops, manufactures and markets mechanical locks, electro-mechanical locks, latches and related security/access control products for major North American and global automotive manufacturers.
Strattec Securities historical revenue and net income:
The Peter Lynch Chart suggests that the company is currently undervalued:
Strattec Security has a market cap of $145.3 million. Its shares are currently trading at around $42.04 with a P/E ratio of 15.40, a P/S ratio of 0.50 and a P/B ratio of 1.30.
Richard Blum
Over the past week Richard Blum made yet another decrease in his holdings in his position in ITT Educational Services (ESI). Since the beginning of August Blum has made six different sells of the company’s stock totaling up to 571,967 shares.
Most recently Blum cut his position -8.27% by selling a total of 237,254 shares. The guru sold these shares at an average price of $31.94 per share, and since then the price per share has risen about 7%. Blum currently holds 2,630,977 shares of ITT Educational stock, representing 11.26% of the company’s shares outstanding.
Blum’s historical holding history:
ITT Educational Services is a provider of postsecondary degree programs in the United States. It offers diploma, associate, bachelor and master degree programs.
ITT Educational’s historical revenue and net income:
The Peter Lynch Chart suggests that the company is currently undervalued:
ITT Educational Services has a market cap of $782 million. Its shares are currently trading at around $33.51 with a P/E ratio of 9.10, a P/S ratio of 0.70 and a P/B ratio of 4.40. The company had an annual average earnings growth of 25.50% over the past ten years.
GuruFocus rated ITT Educational Services the business predictability rank of 4.5-star.
Check out the most current GuruFocus Real Time Picks here.
Try a free 7-day Premium Membership trial.
