Published: Sat, January 13, 2018
IT | By Lester Massey

Adobe Systems (ADBE) PT Raised to $205.00 at BMO Capital Markets


The institutional investor held 238,394 shares of the consumer non-durables company at the end of 2017Q3, valued at $12.34 million, down from 255,311 at the end of the previous reported quarter. Triangle Securities Wealth Management who had been investing in Adobe Sys Inc for a number of months, seems to be bullish on the $91.91B market cap company.

"We are raising estimates slightly and increasing our price target to $220 from $216 based on a bullish view that ADBE remains one of the core cloud stocks to own for 2018, with FCF poised to grow by 20% annually with the potential to reach $11.00 per share within three years.", KeyCorp's analyst commented. Another trade for 2,190 shares valued at $379,784 was sold by THOMPSON MATTHEW. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since January 10, 2017 and is uptrending. It has outperformed by 25.59% the S&P500.

Blue Edge Capital Llc increased its stake in Procter & Gamble Co (PG) by 14.75% based on its latest 2017Q3 regulatory filing with the SEC. Over the last ninety days, insiders have sold 67,496 shares of company stock worth $11,829,489. The software company reported $1.26 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.16 by $0.10. The stock increased 0.22% or $0.41 during the last trading session, reaching $187.11. The company had a trading volume of 1,804,400 shares, compared to its average volume of 2,245,683. AT&T Inc. (NYSE:T) has declined 0.52% since January 9, 2017 and is downtrending. It has outperformed by 25.59% the S&P500.

Investors sentiment decreased to 0.84 in 2017 Q3. Its down 0.01, from 1.07 in 2017Q2. It is negative, as 51 investors sold PG shares while 765 reduced holdings. 7 funds opened positions while 16 raised stakes. (NYSE:MRK). Picton Mahoney Asset Management has invested 2.07% in Merck & Co., Inc. State Of New Jersey Common Pension Fund D reported 156,200 shares stake. Principal holds 1.02M shares or 0.15% of its portfolio. 313,393 are held by Smith Chas P Assoc Pa Cpas. Nelson Roberts Advisors Ltd Liability Corp, a California-based fund reported 1,090 shares. Modera Wealth Ltd holds 0.12% or 3,611 shares in its portfolio. (NYSE:MRK). North Star Asset Management invested 0.13% in Merck & Co., Inc. Barclays Public Ltd Co invested in 18,234 shares. Tctc accumulated 6,420 shares. 2,284,415 shares of the company were exchanged. Prudential Inc reported 2.17 million shares. Sound Shore Management Inc who had been investing in Merck & Co. Inc. (NYSE:ALLY) rating on Wednesday, February 3. They expect $0.94 EPS, up 5.62% or $0.05 from last year's $0.89 per share. HIMX's profit will be $24.09 million for 19.24 P/E if the $0.14 EPS becomes a reality. Cypress Cap Group reported 0.35% in Adobe Systems Incorporated (NASDAQ:ADBE). The stock has "Buy" rating by Dougherty & Company on Monday, April 4. Therefore 9% are positive. As per Friday, September 15, the company rating was downgraded by Credit Suisse. RBC Capital Markets maintained the stock with "Buy" rating in Sunday, July 30 report. As per Thursday, October 19, the company rating was maintained by Jefferies. The firm has "Buy" rating by RBC Capital Markets given on Friday, December 8. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned "Sell" rating by Pivotal Research on Monday, June 12. As per Wednesday, September 21, the company rating was maintained by RBC Capital Markets. The company was maintained on Tuesday, August 8 by Oppenheimer. (NYSE:MRK). Ckw Financial reported 0.01% of its portfolio in Merck & Co., Inc. Shares for $321,221 were sold by FergusonMchugh MaryLynn on Tuesday, August 15. S&P Research has "Hold" rating and $82 target.

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. It also reduced its holding in Accenture Plc Ireland (NYSE:ACN) by 7,676 shares in the quarter, leaving it with 367,091 shares, and cut its stake in Microsoft Corp (NASDAQ:MSFT).

Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 29 have Buy rating, 0 Sell and 9 Hold. Therefore 47% are positive. AT&T Inc. had 68 analyst reports since July 27, 2015 according to SRatingsIntel. Piper Jaffray maintained Ally Financial Inc. The stock has "Buy" rating by Jefferies on Thursday, October 19. The rating was upgraded by Wunderlich on Friday, March 17 to "Buy". The stock of The Howard Hughes Corporation (NYSE:HHC) earned "Buy" rating by Compass Point on Tuesday, December 8. RBC Capital Markets has "Outperform" rating and $112 target. The rating was maintained by Macquarie Research with "Buy" on Tuesday, July 25.


Since August 9, 2017, it had 1 buying transaction, and 6 selling transactions for $2.59 million activity. WARNOCK JOHN E sold $1.18 million worth of stock. FMR LLC now owns 35,647,268 shares of the software company's stock valued at $5,041,950,000 after acquiring an additional 1,651,762 shares during the period.

Investors sentiment increased to 1.11 in Q3 2017. Its up 0.01, from 1.1 in 2017Q2. It is positive, as 42 investors sold ADBE shares while 327 reduced holdings.

Hedge funds have recently made changes to their positions in the business. Voya Mgmt Ltd reported 0.66% of its portfolio in Merck & Co., Inc. Chicago Equity Prns Limited Liability Company has 90,810 shares.

Analysts await Adobe Systems Incorporated (NASDAQ:ADBE) to report earnings on March, 15. Kernodle & Katon Asset Management Group LLC boosted its position in shares of Adobe Systems by 69.8% in the third quarter. Adirondack, a New York-based fund reported 3,465 shares.

Adobe Systems (NASDAQ:ADBE) last released its quarterly earnings results on Thursday, December 14th. Jacobs And Com Ca accumulated 50,159 shares or 1.41% of the stock. Morgan Stanley stated it has 6,192 shares or 0% of all its holdings. Kbc Group Nv owns 314,519 shares or 0.43% of their USA portfolio. Moffett Nathanson started coverage on shares of Adobe Systems in a research report on Wednesday, September 6th. Tradition Cap Mgmt Ltd Limited Liability Company invested 0.14% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE).

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