Adobe Systems (ADBE) Receives Consensus Recommendation of "Buy" from Analysts

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. The institutional investor held 31,481 shares of the prepackaged software company at the end of 2017Q4, valued at $5.52M, up from 28,545 at the end of the previous reported quarter. Guggenheim Capital LLC now owns 700,359 shares of the software company's stock worth $122,732,000 after buying an additional 105,208 shares in the last quarter. The stock increased 0.37% or $0.14 during the last trading session, reaching $38.29. Also, CFO Mark Garrett sold 45,199 shares of the firm's stock in a transaction on Monday, February 6th. It has underperformed by 22.60% the S&P500.

Junto Capital Management Lp increased its stake in Adobe Sys Inc (ADBE) by 143.24% based on its latest 2017Q4 regulatory filing with the SEC. Also, Chairman Shantanu Narayen sold 165,023 shares of the firm's stock in a transaction on Thursday, January 25th. The hedge fund run by Bernard Horn held 285,104 shares of the packaged foods company at the end of 2017Q4, valued at $35.42 million, up from 267,104 at the end of the previous reported quarter. Adobe Sys Inc now has $110.34 billion valuation. The average 1-year price target among brokers that have issued a report on the stock in the last year is $219.21.

Shares of NASDAQ:ADBE traded up $3.54 during trading on Friday, reaching $216.08. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 66.71% since April 15, 2017 and is uptrending. It has outperformed by 55.16% the S&P500. Hartwell J M Partnership accumulated 10,725 shares.

Investors sentiment decreased to 0.89 in Q4 2017. The software company reported $1.55 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.44 by $0.11. It dived, as 58 investors sold C shares while 480 reduced holdings. Btim Corporation stated it has 7,690 shares or 0.02% of all its holdings. Moreover, Private Wealth Advsr has 0.38% invested in Citigroup Inc. Shares for $10.16M were sold by THOMPSON MATTHEW on Friday, January 26. First Trust Ltd Partnership holds 0.29% or 690,275 shares in its portfolio. Signaturefd Ltd Llc reported 1,473 shares stake. Westpac Bk Corp invested in 0.02% or 6,686 shares. The shares were sold at an average price of $197.62, for a total value of $5,810,818.48. Parallax Volatility Advisers Lp reported 0% of its portfolio in Merck & Co., Inc. Vetr downgraded shares of Adobe Systems from a "strong-buy" rating to a "buy" rating and set a $198.52 target price for the a research report on Monday, December 18th. Kames Public Ltd Liability Corporation holds 1.23% or 862,898 shares. Marshall Wace Llp holds 0.1% or 14,242 shares in its portfolio. Syntal Cap Partners Ltd Llc owns 9,108 shares for 0.49% of their portfolio. Finally, BlackRock Group LTD increased its position in shares of Adobe Systems by 13.2% in the third quarter. Inc. had 83 analyst reports since August 13, 2015 according to SRatingsIntel. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have assigned a buy rating to the company. Therefore 79% are positive. The rating was upgraded by Hilliard Lyons to "Neutral" on Thursday, September 22. The rating was maintained by Jefferies on Wednesday, September 20 with "Buy". With 28,200 avg volume, 10 days are for Newmarket Corp (NYSE:NEU)'s short sellers to cover NEU's short positions. The rating was maintained by Jefferies on Tuesday, October 3 with "Buy". The rating was upgraded by Hilliard Lyons on Tuesday, July 11 to "Long-Term Buy". The firm earned "Overweight" rating on Thursday, March 24 by JP Morgan.

Investors sentiment decreased to 1.24 in 2017 Q4. Its down 0.22, from 1.11 in 2017Q3. It dropped, as 47 investors sold ADBE shares while 389 reduced holdings. 107 funds opened positions while 280 raised stakes. State Street Corp now owns 19,282,303 shares of the software company's stock valued at $1,985,114,000 after buying an additional 492,365 shares in the last quarter.

Adobe Systems (NASDAQ:ADBE) last posted its earnings results on Thursday, December 15th. First Washington Corp bought 21,410 shares as the company's stock declined 42.74% with the market. Geode Cap Mngmt holds 655,196 shares or 0.01% of its portfolio. Regent Management Limited Co holds 0.12% or 2,994 shares.

Elkfork Partners LLC purchased a new position in shares of Adobe Systems Incorporated (NASDAQ:ADBE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. Drw Limited Liability Corporation owns 6,912 shares. Cambridge has 152,360 shares. 3,001 were accumulated by Tokio Marine Asset Management. Ballentine Ptnrs Lc has invested 0.04% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Adobe Systems has a consensus rating of "Buy" and a consensus price target of $217.88. Pub Employees Retirement Association Of Colorado stated it has 93,245 shares. Violich Capital Mngmt holds 0.13% in Adobe Systems Incorporated (NASDAQ:ADBE) or 2,925 shares. Therefore 72% are positive. MacQuarie Infrastructure had 24 analyst reports since August 5, 2015 according to SRatingsIntel. The company was maintained on Friday, March 16 by KeyBanc Capital Markets. RBC Capital Markets maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Sunday, September 3 with "Buy" rating. The company was maintained on Friday, November 10 by Stifel Nicolaus. As per Monday, December 11, the company rating was maintained by Cowen & Co. The company was maintained on Wednesday, November 22 by KeyBanc Capital Markets. KeyCorp restated an "overweight" rating and set a $225.00 price objective (up previously from $220.00) on shares of Adobe Systems in a report on Tuesday, January 23rd. The company was maintained on Wednesday, September 21 by Goldman Sachs. The rating was maintained by Jefferies on Tuesday, June 6 with "Hold".

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