Adobe Systems (ADBE) PT Raised to $210.00

12 January, 2018, 19:54 | Author: Darnell Taylor

Its down 12.14% from 5.73 million shares, reported previously. The institutional investor held 6,849 shares of the prepackaged software company at the end of 2017Q3, valued at $1.02 million, up from 3,820 at the end of the previous reported quarter. Blue Edge Capital Llc who had been investing in Procter & Gamble Co for a number of months, seems to be bullish on the $230.99 billion market cap company. The stock closed maximum at $186.97 over the 52 weeks but is now -0.14% away from that point. About 534,690 shares traded. Energy Transfer Equity, L.P. (NYSE:ETE) has risen 42.68% since January 9, 2017 and is uptrending. It has underperformed by 3.98% the S&P500. Grove Bank & Trust now owns 4,546 shares of the software company's stock worth $678,000 after purchasing an additional 591 shares in the last quarter. The stock increased 3.81% or $0.395 during the last trading session, reaching $10.775. About 2.51 million shares traded. (NASDAQ:BBGI) has risen 95.80% since January 10, 2017 and is uptrending. It has outperformed by 25.59% the S&P500. The stock of The Howard Hughes Corporation (NYSE:HHC) earned "Market Outperform" rating by CJS Securities on Monday, October 31. Therefore 71% are positive. Proctor & Gamble had 73 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned "Overweight" rating on Friday, December 11 by KeyBanc Capital Markets. The stock has "Buy" rating by BWS Financial on Thursday, June 8. The firm earned "Hold" rating on Thursday, August 27 by Berenberg. (NASDAQ:AMGN) on Friday, July 29 with "Neutral" rating. Estabrook Capital Management sold 715 shares as the company's stock declined 7.81% while stock markets rallied. The firm has "Buy" rating given on Thursday, January 4 by Jefferies. 1,953 shares were sold by Lewnes Ann, worth $286,466 on Wednesday, August 9. Shares for $321,221 were sold by FergusonMchugh MaryLynn on Tuesday, August 15. Over the last three months, insiders sold 67,496 shares of company stock valued at $11,829,489. Moeller Jon R sold $558,042 worth of stock. Natl Pension Ser invested in 4.88M shares. Adobe Systems Inc. now has $91.97 billion valuation. (NYSE:MRK) for 6,585 shares.

Investors sentiment increased to 1.11 in 2017 Q3. Its down 0.12, from 0.94 in 2017Q2. It worsened, as 46 investors sold MRK shares while 619 reduced holdings. 108 funds opened positions while 453 raised stakes. Hutchin Hill Cap LP invested 0.36% in General Mills, Inc. 2,284,415 shares of the company were exchanged. Bluemountain Capital Mngmt reported 31,694 shares or 0.1% of all its holdings. First Hawaiian National Bank holds 0.04% or 1,898 shares in its portfolio. 32,381 were reported by Hallmark Cap Mngmt. They expect $0.14 EPS, up 366.67% or $0.11 from last year's $0.03 per share. Edmp has 25,005 shares. (NYSE:T) to report earnings on January, 24. Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 2.00 as current ratio and on the opponent side the debt to equity ratio was 0.23 and long-term debt to equity ratio also remained 0.23.

Several other institutional investors have also sold shares of the company. Lenox Wealth Advisors Inc stated it has 0% of its portfolio in Sanchez Energy Corporation (NYSE:SN). Robecosam Ag has invested 0.03% in The Procter & Gamble Company (NYSE:PG). Cornerstone Advsrs invested in 0.02% or 576 shares. Symphony Asset Ltd Liability Com holds 0.21% or 12,767 shares.

Since August 9, 2017, it had 1 buy, and 6 insider sales for $2.59 million activity. Alpine Investment Management Llc bought 15,497 shares as the company's stock rose 10.78% with the market. Following the transaction, the director now owns 12,375 shares in the company, valued at approximately $2,170,451.25. WARNOCK JOHN E sold $1.18 million worth of stock.

Since August 9, 2017, it had 1 buying transaction, and 6 selling transactions for $2.59 million activity. The software company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.10.

Baird reiterated their buy rating on shares of Adobe Systems (NASDAQ:ADBE) in a research report sent to investors on Friday, December 15th.

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Hedge funds have recently made changes to their positions in the business. Bank of America reiterated a buy rating and set a $220.00 price target (up previously from $213.00) on shares of Adobe Systems in a report on Wednesday, December 13th. Moreover, Farmers Merchants has 0% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Sandhill Cap Limited Liability stated it has 4.6% in Adobe Systems Incorporated (NASDAQ:ADBE). Agf has invested 0.65% in Adobe Systems Incorporated (NASDAQ:ADBE). (NYSE:MRK). Ingalls & Snyder Lc reported 355,250 shares. Aviva Public Limited Co reported 0.25% in Adobe Systems Incorporated (NASDAQ:ADBE). Pivotal Research maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Friday, December 11 with "Buy" rating. Argent has invested 0.11% in Adobe Systems Incorporated (NASDAQ:ADBE). Ubs Asset Americas owns 0.45% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 3.32 million shares. Family Corp reported 24,900 shares. Asset has invested 0.3% in Adobe Systems Incorporated (NASDAQ:ADBE). (NYSE:MRK). Visionary Asset Mgmt reported 0.88% stake.

Twin Capital Management Inc, which manages about $948.03 million and $1.91B US Long portfolio, decreased its stake in Axis Capital Holdings (NYSE:AXS) by 9,304 shares to 39,553 shares, valued at $2.27M in 2017Q3, according to the filing. Mar Vista Investment Prtn Limited Liability Company stated it has 2.88% in Adobe Systems Incorporated (NASDAQ:ADBE). ADBE's profit will be $522.52M for 43.86 P/E if the $1.06 EPS becomes a reality. Jefferies Group restated a buy rating and set a $175.00 price target on shares of Adobe Systems in a research report on Tuesday, September 12th. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has "Buy" rating given on Tuesday, June 20 by Canaccord Genuity. Therefore 76% are positive.

Adobe Systems Incorporated operates as a diversified software firm worldwide. Canaccord Genuity has "Buy" rating and $170 target. As per Thursday, October 19, the company rating was maintained by Credit Suisse.

WARNING: "Adobe Systems' (ADBE) Buy Rating Reaffirmed at Robert W. Baird" was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. Dougherty & Company initiated the shares of ADBE in report on Thursday, January 14 with "Buy" rating. BMO Capital Markets maintained Ally Financial Inc.

Analysts await Adobe Systems Incorporated (NASDAQ:ADBE) to report earnings on March, 15.

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