Published: Wed, January 17, 2018
IT | By Lester Massey

Growth Report on Adobe Systems Incorporated (NASDAQ:ADBE)


About 167,534 shares traded. BB&T Investment Services Inc. raised its position in Adobe Systems by 42.4% in the 3rd quarter. It has underperformed by 16.70% the S&P500.

Diker Management Llc decreased Carmax Inc (KMX) stake by 23.61% reported in 2017Q3 SEC filing. BB&T Investment Services Inc. now owns 923 shares of the software company's stock worth $138,000 after buying an additional 275 shares during the period. Finally, Zacks Investment Research lowered shares of Adobe Systems from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 21st. Adobe Systems Incorporated (ADBE) has a market cap of $96.24 billion and over the last 12 months, Adobe Systems Incorporated (NASDAQ:ADBE) has gone stronger by 79.62%. Further, company shares have been seen trading 3.23% off of the 52 week high and 82.19% away from the 52 week low. The stock decreased 1.25% or $2.44 during the last trading session, reaching $192.61.

Adobe Systems Incorporated (ADBE) analysts on average have given a price target of $64.94 on ADBE stock. It has outperformed by 25.59% the S&P500.

Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 29 have Buy rating, 0 Sell and 9 Hold. Therefore 76% are positive.

Adobe Systems (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, December 15th. Oppenheimer upgraded the stock to "Outperform" rating in Tuesday, January 12 report. Canaccord Genuity maintained McDonald's Corporation (NYSE:MCD) rating on Thursday, October 5. KeyBanc Capital Markets maintained the stock with "Buy" rating in Wednesday, June 21 report. The firm has "Outperform" rating given on Friday, October 16 by RBC Capital Markets. Dougherty & Company maintained the stock with "Buy" rating in Monday, April 4 report. Wedbush maintained the shares of KMX in report on Wednesday, January 18 with "Neutral" rating. Trust Department Mb Financial Bank N A acquired 20,256 shares as Adobe Systems Inc (ADBE)'s stock rose 14.01%. The firm has "Market Perform" rating given on Friday, July 8 by Bernstein. The stock has "Buy" rating by Stifel Nicolaus on Thursday, October 19.

Since August 9, 2017, it had 1 insider buy, and 7 selling transactions for $6.56 million activity. Adobe Systems Incorporated has a 12 month low of $107.06 and a 12 month high of $195.50. On Wednesday, August 9 the insider Lewnes Ann sold $286,466. About 3.55M shares traded or 22.45% up from the average. Its down 0.01, from 0.91 in 2017Q2. "Sells 53,650 Shares of Adobe Systems Incorporated (ADBE)" was posted by TrueBlueTribune and is owned by of TrueBlueTribune.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 188.17 million shares or 4.44% less from 196.91 million shares in 2017Q2 were reported. Motco holds 392 shares or 0.01% of its portfolio.

Adobe Systems Incorporated is one of the largest software companies in the world. Regentatlantic Cap stated it has 0.16% in Adobe Systems Incorporated (NASDAQ:ADBE). UBS Group initiated coverage on shares of Adobe Systems in a report on Thursday, November 9th. Howland Mngmt Ltd Liability stated it has 307,519 shares or 1.92% of all its holdings. Amundi Pioneer Asset Management Inc owns 1.81 million shares or 0.86% of their USA portfolio. Insiders own 0.38% of the company's stock.


Social Reality, Inc. (SRAX) pulled off a 3.23 percent gain and now trades for $5.75. Great West Life Assurance Communication Can reported 6.92M shares. Aviva Public Limited holds 314,924 shares. Blb&B Advsrs accumulated 4,130 shares.

More notable recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: "Fool.com which released: "Why Adobe Systems Incorporated Stock Jumped 70.2% in 2017" on January 06, 2018, also Seekingalpha.com with their article: "Adobe: "Getting Better By The Quarter" published on December 18, 2017, Investorplace.com published: "Adobe Systems Incorporated After Big Year â€" 3 Pros, 3 Cons" on December 28, 2017. GESCHKE CHARLES M had sold 21,276 shares worth $3.97M. Atalanta Sosnoff Capital LLC owned 0.07% of Adobe Systems worth $57,269,000 as of its most recent filing with the Securities and Exchange Commission.

Lipe & Dalton, which manages about $260.93 million and $142.25 million US Long portfolio, upped its stake in Qualcomm Inc (NASDAQ:QCOM) by 6,735 shares to 65,515 shares, valued at $3.40 million in 2017Q3, according to the filing.

In other Adobe Systems news, Director Robert K. Burgess sold 25,000 shares of the stock in a transaction on Thursday, December 28th. Quantbot Technologies Limited Partnership has invested 0.02% in SunPower Corporation (NASDAQ:SPWR). Its up 0.07, from 0.85 in 2017Q2. It dived, as 78 investors sold MDLZ shares while 422 reduced holdings. 127 funds opened positions while 657 raised stakes.

There are 1,114 institutional holders with active positions, accounting for 443.7 million shares in total. Andra Ap accumulated 67,383 shares. Loeb Prtn Corp reported 22,600 shares stake. Dupont Cap Mgmt holds 1.12% of its portfolio in Amazon.com, Inc. Tiedemann Wealth Limited Co has invested 0.08% in Adobe Systems Incorporated (NASDAQ:ADBE). Jefferies Group Limited Co holds 68 shares or 0% of its portfolio. Birinyi Assocs Inc reported 7,500 shares or 0.53% of all its holdings.

Investors sentiment is 1.03 in 2017 Q3. Dixon Hubard Feinour Brown Va holds 34,460 shares. The company has a total of 1.22 Billion shares outstanding. Nine research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. Piper Jaffray maintained the stock with "Buy" rating in Friday, December 15 report. Piper Jaffray maintained Amazon.com, Inc. (NASDAQ:AMZN) has "Buy" rating given on Tuesday, December 15 by M Partners. The stock of CarMax Inc. The firm has "Overweight" rating by Stephens given on Wednesday, August 10. PICTET BANK & TRUST Ltd bought a new stake in Adobe Systems during the 2nd quarter worth approximately $1,127,000.

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