Adobe Systems Incorporated (NASDAQ:ADBE)

14 December, 2017, 17:04 | Author: Sammy Rose

117 funds opened positions while 294 raised stakes. The stock had a trading volume of 3,688,418 shares. Credit Suisse Ag stated it has 0.13% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Northwest Invest Counselors holds 350 shares or 0.02% of its portfolio. Since reaching this peak, Adobe shares have pulled back, but were contained around the $165 level - home to the bull-gap lows from October 19, as well as the equity's supportive 80-day moving average. First Quadrant Limited Partnership Ca accumulated 8,000 shares.

Adobe Systems Incorporated (ADBE) has the market capitalization of $85.14 Billion.

Adobe Systems Incorporated (ADBE) stock analysis is based on price earnings ratio (P/E) ratio. Cypress Capital Grp reported 8,617 shares or 0.27% of all its holdings. $304,434 worth of Adobe Systems Incorporated (NASDAQ:ADBE) shares were sold by Lewnes Ann. Symphony Asset Mngmt Ltd Liability Corp reported 12,150 shares. Clarivest Asset Lc owns 204,111 shares. The original version of this news story can be accessed at https://www.truebluetribune.com/2017/12/14/dana-investment-advisors-inc-has-6-71-million-stake-in-adobe-systems-incorporated-adbe.html. Redwood Investments Ltd Limited Liability Company owns 18,865 shares. BB&T Investment Services Inc. now owns 923 shares of the software company's stock valued at $138,000 after buying an additional 275 shares in the last quarter. BlackRock Inc. now owns 34,445,217 shares of the software company's stock valued at $4,871,931,000 after purchasing an additional 2,621,275 shares during the last quarter.

The company is expected to report earnings of $1.16 a share for the next quarter. Axiom International Investors Llc who had been investing in Adobe Sys Inc for a number of months, seems to be less bullish one the $86.23B market cap company.

Adobe Systems Incorporated (NASDAQ:ADBE) belongs to Technology sector, shares of firm has 20 days moving average price of -3.66% from last close price of 172.54 and act as support or resistance of price limit. About 21,677 shares traded.

Presently, 0.35% shares of Adobe Systems Incorporated (NASDAQ:ADBE) are owned by insiders with -6.37% six-month change in the insider ownership. It has outperformed by 25.59% the S&P500. Vanguard Group Inc is the second biggest holder with 34 million shares now valued at 4.81 B million whilst PRIMECAP Management Company has 25 million shares valued at 3.49 B million. It also increased its holding in Alibaba Group Hldg Ltd (NYSE:BABA) by 715,211 shares in the quarter, for a total of 2.44M shares, and has risen its stake in Honeywell Intl Inc (NYSE:HON). The company beat the analyst EPS Estimate with the difference of $0.04. ADBE's profit will be $473.22 million for 45.55 P/E if the $0.96 EPS becomes a reality.

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They expect $0.96 EPS, up 13.54% or $0.13 from last year's $0.83 per share. Also Reuters.com published the news titled: "TI Fluid Systems revives London listing plans" on October 09, 2017.

Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 29 have Buy rating, 0 Sell and 9 Hold. This rising movement shows positive prices direction over last 50 days. Adobe Systems has a 12-month low of $101.91 and a 12-month high of $186.27. The stock was sold at an average price of $152.09, for a total value of $297,031.77.

Twin Capital Management Inc. lifted its stake in shares of Adobe Systems Incorporated (NASDAQ:ADBE) by 6.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. Atlantic Securities upgraded it to "Overweight" rating and $97 target in Wednesday, October 14 report. Citigroup maintained TI Fluid Systems plc (LON:TIFS) on Thursday, December 14 with "Neutral" rating. If the $15.13 price target is reached, the company will be worth $15.19 million less. They issued a "buy" rating and a $195.00 price objective on the stock. Cowen & Co has "Outperform" rating and $120 target.

Adobe Systems Incorporated is a software company. The firm has "Market Perform" rating by Wells Fargo given on Wednesday, January 11.

While under theory that management are shareholders, many value investors look for stocks with a high percent of insider ownership, because they will act in its own self interest, as well create shareholder value in the long-term. Credit Suisse Group reissued a "buy" rating and issued a $190.00 price objective on shares of Adobe Systems in a report on Wednesday. (NASDAQ:DLTH) has "Buy" rating given on Friday, September 2 by Stifel Nicolaus.

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