Sci-tech

Adobe Systems Incorporated (ADBE) Stock Price Hits 52-Week High Today

It is down 26.09% since November 2, 2016 and is uptrending.

Checking in on some recent action on shares of Adobe Systems Inc (ADBE), we can see that the stock price recently touched 176.25. According to First Call, the consensus price target for the company is $178.86. About 472,510 shares traded. It has outperformed by 25.59% the S&P500. Vetr lowered Adobe Systems from a "hold" rating to a "sell" rating and set a $150.30 target price for the company.in a research note on Thursday, August 31st. Therefore 79% are positive. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period. $149.56's average target is -16.19% below currents $178.46 stock price. BidaskClub upgraded Adobe Systems from a "buy" rating to a "strong-buy" rating in a report on Wednesday, August 16th. As per Wednesday, October 7, the company rating was maintained by Susquehanna. For the past month, Adobe Systems Incorporated's stock has been 18.61%, 19.26% for the last quarter, 30.93% for the past six months and 64.92% for the past 52 weeks. More interesting news about Adobe Systems Incorporated (NASDAQ:ADBE) were released by: "Investorplace.com and their article: "Watch Adobe Systems Incorporated (ADBE) Stock Enter the AI Game in a Big Way" published on October 30, 2017 as well as Investorplace.com's news article titled: "Adobe Systems Incorporated Will Head Higher â€" Much Higher" with publication date: "October 19, 2017. The firm earned "Buy" rating on Tuesday, December 8 by Deutsche Bank. The firm has "Buy" rating given on Wednesday, September 21 by Canaccord Genuity. The firm has "Outperform" rating given on Friday, October 2 by RBC Capital Markets. BMO Capital Markets has "Outperform" rating and $125 target. Its up 0.10, from 1 in 2017Q1. Sold All: 49 Reduced: 326 Increased: 294 New Position: 117. The active investment managers in our partner's database now have: 418.45 million shares, down from 422.18 million shares in 2017Q1. Jacobs And Ca holds 1.42% or 51,129 shares in its portfolio. Gofen & Glossberg LLC IL now owns 25,943 shares of the software company's stock worth $3,376,000 after purchasing an additional 673 shares during the period. 80 are held by Alexandria Cap Limited Liability Co. Birinyi Assoc has invested 0.51% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). 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 in the last quarter. Swedbank reported 1.35% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Axiom Limited Liability Corp De has invested 2.02% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Wright has invested 0.17% in Adobe Systems Incorporated (NASDAQ:ADBE). Endurance Wealth Management owns 1,834 shares or 0.04% of their USA portfolio. Regions Fin invested 0.04% in Adobe Systems Incorporated (NASDAQ:ADBE).

Adobe Systems Incorporated (NASDAQ:ADBE)'s EPS growth this year is 86.70% and the trailing 12-month EPS is $3.18. South State has 24,475 shares for 0.45% of their portfolio. The percentage of shares being held by the company management was 0.44% while institutional stake was 85.6%.

Adobe Systems Incorporated has a beta of 2.03, offering the possibility of a higher rate of return, but also posing more risk. The company has market cap of $87.97 billion. The Company offers products and services used by professionals, marketers, knowledge workers, application developers, enterprises and consumers for creating, managing, delivering, measuring, optimizing and engaging with compelling content and experiences. It has a 20.54 P/E ratio.

Investors sentiment decreased to 1.4 in 2017 Q2. 58 funds opened positions while 121 raised stakes. Signature Estate And reported 866 shares stake. 29,917 are held by Portolan Management Ltd. Horizon Limited Liability Corp accumulated 0.04% or 4,490 shares. 126,252 were accumulated by Sei Investments Com. Guggenheim Ltd reported 638,030 shares. Principal Grp holds 0% or 37,697 shares. Voya Management Limited Liability Co reported 0.48% stake. Td Asset Mngmt, a Ontario - Canada-based fund reported 188,603 shares. Point72 Asset Mgmt Lp owns 2.16 million shares.

Since May 10, 2017, it had 1 insider buy, and 3 insider sales for $54.00 million activity. Another trade for 2,233 shares valued at $303,375 was made by Lewnes Ann on Wednesday, May 10. Vetr now has $163.12 price objective on the software company's stock. The stock's last price was higher from the average trading price of 50 days recorded at $72.25 while enlarging the period to 200 trading days, the average price was $69.24. Jefferies downgraded the stock to "Hold" rating in Monday, November 28 report. Therefore 57% are positive. Renasant had 14 analyst reports since October 22, 2015 according to SRatingsIntel. (NASDAQ:RNST) rating on Friday, August 11. As per Tuesday, March 15, the company rating was maintained by JP Morgan. The stock has "Hold" rating by KeyBanc Capital Markets on Friday, September 1.



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