Published: Sat, December 16, 2017
IT | By Lester Massey

Adobe Systems Incorporated (NASDAQ:ADBE)

Adobe Systems Incorporated (NASDAQ:ADBE)

Adobe Systems Incorporated (NDAQ:ADBE) has risen 42.29% since December 16, 2016 and is uptrending. It has outperformed by 19.67% the S&P500.

Several brokerages recently issued reports on ADBE. The shares were sold at an average price of $152.09, for a total transaction of $297,031.77. The institutional investor held 8.85M shares of the company at the end of 2017Q2, valued at $41.42 million, down from 9.02 million at the end of the previous reported quarter. Adobe Sys Inc now has $87.50B valuation. FMR LLC now owns 35,647,268 shares of the software company's stock valued at $5,041,950,000 after purchasing an additional 1,651,762 shares in the last quarter. Montecito Financial Bank And invested 0.17% in Adobe Systems Incorporated (NASDAQ:ADBE). It has outperformed by 25.59% the S&P500. Raymond James Na accumulated 6,493 shares or 0.07% of the stock.

Analysts expect Adobe Systems Incorporated (NASDAQ:ADBE) to report $0.96 EPS on December, 21.They anticipate $0.13 EPS change or 15.66 % from last quarter's $0.83 EPS. Stifel Nicolaus lifted their price target on Adobe Systems from $175.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, November 10th. Therefore 83% are positive. Currently, the stock has a 3 months average volume of 3.04 million. MoffettNathanson upgraded the shares of TWX in report on Friday, August 7 to " rating. The company was maintained on Friday, October 6 by Robert W. Baird. A score higher than -1.78 is an indicator that the company might be manipulating their numbers. The stock of Spartan Motors, Inc. (NYSE:GGG) rating on Monday, May 1. (NYSE:TWX). 4,297 are held by Genesee Valley Tru. The stock has "Buy" rating by Canaccord Genuity on Thursday, October 19.

Investors sentiment increased to 0.68 in Q2 2017. ADBE attains analyst recommendation of 1.90 on scale of 1-5 with week's performance of 0.22%. GALLIVAN KAREN PARK had sold 15,000 shares worth $1.98M. 7 funds opened positions while 8 raised stakes. Amica Retiree Med Tru holds 0.34% or 2,919 shares in its portfolio. Terril Brothers Inc who had been investing in Apple Inc for a number of months, seems to be less bullish one the $893.22 billion market cap company. (NASDAQ:SPAR) for 49,900 shares. Findlay Park Ptnrs Llp stated it has 1.79 million shares. Guggenheim Capital Limited Liability Company has 0% invested in Graco Inc.

Moving -1.73% from the most recent open, shares of Caterpillar Inc. (NASDAQ:SPAR) or 34,379 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Mngmt Corp owns 189,200 shares. Magnetar Fin Limited invested in 1,584 shares or 0% of the stock. It also upped Ishares Core Us Value (IUSV) stake by 31,406 shares and now owns 51,966 shares. Moreover, Barclays Public Ltd Com has 0.1% invested in Time Warner Inc. Asset Mgmt One Limited stated it has 799,791 shares.

To find out the technical position of ADBE, it holds price to book ratio of 10.57 that unearth high-growth companies selling at low-growth prices, but it requires appropriate measurement approach. Adobe Systems had 129 analyst reports since August 11, 2015 according to SRatingsIntel. As per Wednesday, November 22, the company rating was maintained by KeyBanc Capital Markets. Oppenheimer maintained the shares of ADBE in report on Monday, June 26 with "Market Perform" rating.


Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 29 have Buy rating, 0 Sell and 9 Hold. Pivotal Research maintained the shares of ADBE in report on Friday, March 17 with "Hold" rating. The company was maintained on Wednesday, February 1 by RBC Capital Markets. RBC Capital Markets has "Hold" rating and $104 target. As per Friday, March 17, the company rating was maintained by Pivotal Research. Adobe Systems Incorporated (NASDAQ:ADBE)'s high over the past year was $185.4 while its low was $102.95. ADBE's profit will be $473.22 million for 46.23 P/E if the $0.96 EPS becomes a reality. Adobe Systems Incorporated has a 1-year low of $101.91 and a 1-year high of $186.27.

Since August 9, 2017, it had 0 buys, and 5 insider sales for $2.45 million activity. Following the transaction, the director now directly owns 16,088 shares in the company, valued at $2,317,798.16.

In other news, Director John E. Warnock sold 6,800 shares of the company's stock in a transaction that occurred on Friday, October 20th. When investing in a volatile security, the risk of success is increased just as much as the risk of failure. Its up 0.01, from 1.1 in 2017Q1. It improved, as 49 investors sold Adobe Systems Incorporated shares while 326 reduced holdings. The Free Cash Flow Yield 5 Year Average of Adobe Systems Incorporated (NasdaqGS:ADBE) is 0.013548. Polen Capital Management LLC now owns 6,062,530 shares of the software company's stock worth $857,484,000 after acquiring an additional 1,452,892 shares in the last quarter.

Are Adobe Systems Incorporated (NASDAQ:ADBE) Earnings Growing Rapidly? Birinyi Inc owns 7,600 shares or 0.51% of their United States portfolio. Adage Ptnrs Group Ltd Liability Corporation reported 811,128 shares. Citadel Advsr Ltd Llc accumulated 705,855 shares.

S&Co holds 3,130 shares. Citigroup Inc reported 711 shares stake. Mufg Americas invested in 52,747 shares. Ohio-based Gateway Invest Advisers Lc has invested 0.53% in Adobe Systems Incorporated (NASDAQ:ADBE).

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