Adobe Systems Incorporated (ADBE) Stock Price Hits Record High Today

Wednesday, 10 Jan, 2018

The hedge fund held 9,261 shares of the prepackaged software company at the end of 2017Q3, valued at $1.38M, down from 11,752 at the end of the previous reported quarter. About 121,073 shares traded. It has outperformed by 159.57% the S&P500.

Gemmer Asset Management Llc increased its stake in Adobe Sys Inc (ADBE) by 75.35% based on its latest 2017Q3 regulatory filing with the SEC. Over the last ninety days, insiders have sold 69,449 shares of company stock valued at $12,126,521. Coastline Trust Co who had been investing in Adobe Sys Inc for a number of months, seems to be less bullish one the $91.66 billion market cap company. BlackRock Inc. now owns 34,445,217 shares of the software company's stock worth $4,871,931,000 after buying an additional 2,621,275 shares in the last quarter. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since January 9, 2017 and is uptrending. It has outperformed by 25.59% the S&P500. Clean Yield Group now owns 1,130 shares of the software company's stock worth $123,000 after buying an additional 280 shares in the last quarter. It also increased its holding in Medtronic Plc (NYSE:MDT) by 8,984 shares in the quarter, for a total of 173,908 shares, and has risen its stake in Vector Group Ltd Com (NYSE:VGR). Capital invested in 3.00M shares. Thorsen Steven L. JR had sold 118,944 shares worth $4.53 million. Also, Director Robert K. Burgess sold 25,000 shares of the firm's stock in a transaction that occurred on Thursday, December 28th. The company was upgraded on Friday, September 18 by Investec.

Among 19 analysts covering Newell Rubbermaid Inc. Of those analysts, 18 rate stock as a Strong Buy, 7 rate it as Hold, and just no analyst rates it as a Moderate Sell. Therefore 20% are positive. As per Wednesday, June 22, the company rating was maintained by Rosenblatt. (NASDAQ:BIDU) earned "Buy" rating by Macquarie Research on Friday, July 28. The company was maintained on Wednesday, September 21 by Pivotal Research. As per Wednesday, August 5, the company rating was maintained by Morgan Stanley. (NYSE:THR) to report earnings on February, 14. The firm has "Buy" rating by Canaccord Genuity given on Tuesday, June 20. The firm has "Outperform" rating by Cowen & Co given on Wednesday, April 27.

Investors sentiment increased to 1.11 in Q3 2017. They expect $1.06 earnings per share, up 35.90% or $0.28 from last year's $0.78 per share. It is positive, as 77 investors sold T shares while 609 reduced holdings. 114 funds opened positions while 237 raised stakes.

There are 1,110 institutional holders with active positions, accounting for 443.81 million shares in total. Invesco Limited holds 0% in CARBO Ceramics Inc. D L Carlson Invest Gp Inc accumulated 1.52% or 32,746 shares. Palisade Capital Llc Nj reported 2,040 shares. Rench Wealth Mngmt, a Texas-based fund reported 66,090 shares. Delta Asset Ltd Liability Corporation Tn owns 18 shares for 0% of their portfolio. Seaward Management Limited Partnership holds 0.09% or 11,756 shares. Moreover, Hbk Sorce Advisory Llc has 0.05% invested in Micron Technology, Inc. M&T Savings Bank reported 84,320 shares.

In related news, EVP Ann Lewnes sold 1,953 shares of the company's stock in a transaction on Wednesday, October 11th.

HM Payson & Co. held its stake in Adobe Systems Inc. (NASDAQ:MU) or 13,138 shares. Smithfield Trust has invested 0.22% in AT&T Inc. Jennison Associates Ltd Llc holds 10.88M shares or 1.66% of its portfolio. Parallax Volatility Advisers Ltd Partnership owns 493,019 shares or 0.06% of their USA portfolio. Vanguard Group Inc. now owns 33,998,738 shares of the software company's stock worth $4,808,783,000 after buying an additional 943,487 shares in the last quarter. Following the transaction, the director now directly owns 12,375 shares in the company, valued at approximately $2,170,451.25. (NYSE:T) or 146,324 shares. Moreover, Enterprise Financial Corporation has 0.04% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Therefore 76% are positive. AT&T Inc. had 68 analyst reports since July 27, 2015 according to SRatingsIntel. Adobe Systems had 134 analyst reports since August 11, 2015 according to SRatingsIntel. The stock has a market capitalization of $54.42 billion, a P/E ratio of 47.32 and a beta of 1.07. On Monday, January 30 the stock rating was downgraded by RBC Capital Markets to "Underperform". The firm earned "Positive" rating on Monday, January 23 by Susquehanna. Goldman Sachs upgraded the stock to "Neutral" rating in Friday, December 16 report.

Adobe Systems (NASDAQ:ADBE) last posted its earnings results on Thursday, December 15th. JP Morgan maintained the shares of ADBE in report on Wednesday, October 7 with "Overweight" rating. Brean Capital downgraded the stock to "Hold" rating in Tuesday, July 28 report. The firm has "Buy" rating by Robert W. Baird given on Thursday, August 31.

Since August 9, 2017, it had 1 buy, and 6 selling transactions for $2.59 million activity. $199,520 worth of Adobe Systems Incorporated (NASDAQ:ADBE) shares were bought by Banse Amy. THOMPSON MATTHEW had sold 2,190 shares worth $379,784 on Monday, October 23. Its up 0.01, from 1.1 in 2017Q2.

The stock of Adobe Systems Incorporated (NASDAQ:ADBE) reached all time high today, Jan, 9 and still has $203.69 target or 9.00% above today's $186.87 share price.

The most recent non open market insider trade was completed by WARNOCK JOHN E on 12/21/2017, and was a disposition of 290 shares with a final price of $0. After $1.05 actual earnings per share reported by Adobe Systems Incorporated for the previous quarter, Wall Street now forecasts 0.95% EPS growth. California Employees Retirement owns 0.26% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 1.16M shares. Riverpark Capital Mngmt Ltd Co reported 167,352 shares stake. Thematic Prns Lc accumulated 1.62% or 339,867 shares. 10,400 were accumulated by Ellington Mgmt Limited Com. The Nebraska-based Ameritas Inv Ptnrs has invested 0.15% in Adobe Systems Incorporated (NASDAQ:ADBE). Zurcher Kantonalbank (Zurich Cantonalbank) owns 112,239 shares or 0.16% of their USA portfolio. Iat Reinsurance Ltd accumulated 0.3% or 50,000 shares. Adobe Systems earned a news sentiment score of 0.22 on Accern's scale. Dekabank Deutsche Girozentrale has invested 0.2% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). 182,008 were reported by Cambridge Trust Communications.

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