Economy

Adobe Systems Incorporated (ADBE) Hit 52-Week High

The institutional investor held 57,831 shares of the prepackaged software company at the end of 2017Q3, valued at $8.63M, up from 37,575 at the end of the previous reported quarter.

Adobe Systems (NASDAQ:ADBE) traded up $6.13 during midday trading on Monday, reaching $195.05.

Adobe Systems Incorporated (NASDAQ:ADBE) shares ended at $195.05 with 4.25 mln shares exchanging hands.

Now focusing our attention on earnings data, we were able to identify that EPS consensus estimate for Adobe Systems Incorporated (NASDAQ:ADBE) for the current quarter stands at $1.07. It has outperformed by 25.59% the S&P500.

Spark Investment Management Llc decreased its stake in Preferred Bk Los Angeles Ca (PFBC) by 45.71% based on its latest 2017Q3 regulatory filing with the SEC. Gemmer Asset Management Llc bought 13,710 shares as the company's stock rose 14.01% with the market. After $1.05 actual earnings per share reported by Adobe Systems Incorporated for the previous quarter, Wall Street now forecasts 0.95 % EPS growth. The company's quarterly revenue was up 24.8% on a year-over-year basis. analysts expect that Adobe Systems will post 4.58 earnings per share for the current year.

Sell-side analyst recommendations point to a short term price target of $199.1 on the shares of Adobe Systems Incorporated (ADBE). It has outperformed by 20.12% the S&P500. Therefore 9% are positive.

Analysts await IDEXX Laboratories, Inc. (NYSEAMERICAN:LNG) on Wednesday, May 11 with "Market Perform" rating. The firm earned "Hold" rating on Thursday, January 12 by Pivotal Research. The company has an average rating of "Buy" and a consensus price target of $187.00. The company was reinitiated on Thursday, April 21 by Credit Suisse. (NYSEAMERICAN:LNG) on Wednesday, August 5 with "Outperform" rating. The rating was maintained by BMO Capital Markets on Tuesday, June 20 with "Buy". Vanguard Group Inc. now owns 33,998,738 shares of the software company's stock valued at $4,808,783,000 after buying an additional 943,487 shares during the period.

Investors sentiment decreased to 0.84 in Q3 2017. 44 funds opened positions while 104 raised stakes. Atria Invests Lc reported 6,540 shares. Murphy Capital Management Inc owns 1,827 shares. Citigroup Inc has invested 0.01% in Straight Path Communications Inc. (NYSEAMERICAN:LNG). M&T Natl Bank stated it has 0% of its portfolio in Cheniere Energy, Inc. Assetmark accumulated 370 shares.

Over the past five trading sessions shares of Impax Laboratories, Inc. Narrowing our focus to the previous 1 month, the shares have been down by -2.03%. At the moment, the stock of Intel has a standard deviation of 0.48. Enterprise Fincl owns 591 shares for 0.04% of their portfolio. Natixis holds 1,228 shares. Stevens Capital Mngmt Lp invested 1.11% of its portfolio in Mondelez International, Inc. Mai Mgmt accumulated 32,816 shares. Nomura Hldgs holds 0% of its portfolio in Straight Path Communications Inc. (NYSEAMERICAN:STRP) for 15,933 shares. Warren Averett Asset Llc invested in 2,442 shares or 0.08% of the stock.

Since January 1, 0001, it had 0 insider buys, and 14 sales for $5.01 million activity. The insider BAILEY VICKY A sold $315,760. Mai Cap Management owns 32,816 shares or 0.3% of their USA portfolio. The analyst recommendations from a month ago are 3 Buy, 0 Overweight, 1 Sell, 9 Hold and 0 Underweight. Therefore 76% are positive. Bank of America restated a "buy" rating and set a $220.00 price objective (up from $213.00) on shares of Adobe Systems in a research note on Wednesday, December 13th. The rating was maintained by Barclays Capital on Friday, February 24 with "Equal Weight". Wells Fargo initiated the shares of XEC in report on Wednesday, August 31 with "Outperform" rating.

At the moment, the 50-day moving average of Adobe Systems Incorporated (ADBE) stock is at $179.58 while that of the 200 day is now reading $153.98, their 5-day, on the other hand, is at $188.56. The firm has "Neutral" rating by Credit Suisse given on Friday, March 18. Teachers Retirement Sys Of The State Of Kentucky reported 0.1% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Conclusions from the analysis of the editorial shall not depict the position of any analysts or financial professionals. On Monday, September 21 the stock rating was maintained by S&P Research with "Hold". Stephens maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Tuesday, January 2.

Since August 8, 2017, it had 0 insider buys, and 6 insider sales for $26.12 million activity. After $1.05 actual earnings per share reported by Adobe Systems Incorporated for the previous quarter, Wall Street now forecasts 0.95% EPS growth. WARNOCK JOHN E had sold 6,800 shares worth $1.18M on Friday, October 20. Another trade for 2,190 shares valued at $379,784 was sold by THOMPSON MATTHEW.

Investors might also notice that three month ago the Buy recommendations (3) outnumbered Sell recommendations (1). Its up 0.01, from 1.1 in 2017Q2. It is positive, as 42 investors sold ADBE shares while 327 reduced holdings.

Several institutional investors and hedge funds have recently made changes to their positions in ADBE. 414.95 million shares or 0.84% less from 418.45 million shares in 2017Q2 were reported. Stralem & owns 147,860 shares. Nicholas Investment Ptnrs Ltd Partnership accumulated 16,599 shares or 0.17% of the stock. Palladium Prtn Ltd Com holds 0.61% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 53,445 shares. Manufacturers Life The holds 526,979 shares or 0.09% of its portfolio.

Analysts await Adobe Systems Incorporated (NASDAQ:ADBE) to report earnings on March, 15. Barometer Mngmt, a Ontario - Canada-based fund reported 7,500 shares. West Oak Capital Ltd Co reported 0.03% stake. Gamco Investors Inc Et Al owns 0.02% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 21,427 shares. Highbridge Capital Mgmt Limited Liability Corp invested in 0% or 1,609 shares. Great Lakes Lc invested 0.02% in Adobe Systems Incorporated (NASDAQ:ADBE). Gamco Et Al reported 0.01% in Straight Path Communications Inc.

The ROA of Adobe Systems Incorporated is now valued at 10.90% indicating how profitable the company is in regards to its total assets. (NYSEAMERICAN:STRP) shares. 15,000 shares valued at $2.72 million were sold by ZEIDMAN FRED S on Tuesday, October 17. It also upped Extreme Networks Inc (NASDAQ:EXTR) stake by 86,790 shares and now owns 457,345 shares.



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