Adobe Systems' (ADBE) Buy Rating Reaffirmed at Robert W. Baird

Adjust Comment Print

Davenport & Co Llc invested in 447,900 shares or 0.85% of the stock. The institutional investor held 170,829 shares of the telecommunications equipment company at the end of 2017Q3, valued at $6.69 billion, down from 171,544 at the end of the previous reported quarter. The stock increased 0.49% or $0.91 during the last trading session, reaching $185.95. About 476,862 shares traded or 128.72% up from the average. (AIF) has 0.00% since January 10, 2017 and is. Vanguard Group Inc. increased its holdings in shares of Adobe Systems by 2.9% in the second quarter.

In related news, Director Robert K. Burgess sold 25,000 shares of the stock in a transaction on Friday, December 28th. Prudential Inc reported 2.17 million shares. Adobe Systems has a fifty-two week low of $107.06 and a fifty-two week high of $186.97. Gamco Et Al has 1.30 million shares. Sanchez Energy Corporation (NYSE:SN) has declined 12.08% since January 10, 2017 and is downtrending. It has outperformed by 25.59% the S&P500. The firm has "Buy" rating by Robert W. Baird given on Friday, October 6. Howard Hughes had 11 analyst reports since August 14, 2015 according to SRatingsIntel. The firm earned "Overweight" rating on Friday, December 11 by KeyBanc Capital Markets. On Tuesday, September 1 the stock rating was initiated by Raymond James with "Market Perform". The stock of The Howard Hughes Corporation (NYSE:HHC) earned "Buy" rating by Compass Point on Tuesday, December 8. As per Tuesday, October 3, the company rating was maintained by RBC Capital Markets. As per Monday, January 30, the company rating was downgraded by Robert W. Baird. RBC Capital Markets has "Outperform" rating and $112 target. The firm earned "Positive" rating on Monday, January 23 by Susquehanna.

Since August 15, 2017, it had 0 insider purchases, and 19 selling transactions for $6.75 million activity. Iat Reinsurance Ltd accumulated 0.3% or 50,000 shares. Shares for $321,221 were sold by FergusonMchugh MaryLynn on Tuesday, August 15. Insiders own 0.43% of the company's stock. Over the last ninety days, insiders have sold 67,496 shares of company stock worth $11,829,489. Moeller Jon R sold $558,042 worth of stock. Natl Pension Ser invested in 4.88M shares.

Blue Edge Capital Llc, which manages about $153.03M and $219.10 billion US Long portfolio, decreased its stake in Mastercard Inc. (NYSE:T) or 146,324 shares. It also reduced its holding in Johnson & Johnson (NYSE:JNJ) by 26,919 shares in the quarter, leaving it with 834,253 shares, and cut its stake in Intel Corporation (NASDAQ:INTC).

More news: Siddaramaiah's Defence On Comment On BJP, RSS: "Meant Hindutva Terror"
More news: CES: Intel To Broadcast The Olympic Winter Games In VR
More news: Delta Raises Profit Forecast, Shares Jump

Investors sentiment decreased to 0.84 in 2017 Q3. Its up 0.01, from 1.1 in 2017Q2. It is positive, as 77 investors sold T shares while 609 reduced holdings. 108 funds opened positions while 453 raised stakes. FTB Advisors Inc. now owns 2,728 shares of the software company's stock valued at $395,000 after buying an additional 33 shares during the period. Following the transaction, the director now directly owns 16,088 shares in the company, valued at approximately $2,802,529.60. (NYSE:MRK). Visionary Asset Mgmt reported 0.88% stake. The Wedbush Securities Inc holds 15,308 shares with $2.28 million value, up from 3,338 last quarter. 3,883 were reported by Benin Mngmt. Mitsubishi Ufj Tru And Corporation holds 6.02M shares or 0.71% of its portfolio. Edmp has 25,005 shares. Family Corp reported 24,900 shares. Eaton Vance Management holds 0.32% or 834,592 shares in its portfolio. Jefferies Group Llc who had been investing in Energy Transfer Equity LP (Put) for a number of months, seems to be bullish on the $18.65 billion market cap company. Roosevelt Inv Gp owns 44,309 shares. (NASDAQ:BBGI). Tower Rech Capital Ltd Liability Co (Trc) stated it has 60 shares. Eight analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. THOMPSON MATTHEW sold 2,190 shares worth $379,784. After $1.05 actual EPS reported by Adobe Systems Incorporated for the previous quarter, Wall Street now forecasts 0.95% EPS growth.

Investors sentiment decreased to 1.06 in Q3 2017. Its up 0.01, from 1.1 in 2017Q2. It increased, as 42 investors sold ADBE shares while 327 reduced holdings. 97 funds opened positions while 312 raised stakes. Royal Bank of Canada reaffirmed a buy rating on shares of Adobe Systems in a research report on Wednesday, September 20th. Tiemann Invest Advsrs Ltd Company has 0.32% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Bnp Paribas Arbitrage Sa has invested 0.16% in Adobe Systems Incorporated (NASDAQ:ADBE). 175,500 are owned by Ardevora Asset Mngmt Limited Liability Partnership. Agf has invested 0.65% in Adobe Systems Incorporated (NASDAQ:ADBE). Papp L Roy And reported 14,350 shares. (NYSE:MRK). Rampart Management Limited Liability Corporation reported 0.81% in Merck & Co., Inc. Kdi Lc invested 2.01% in Adobe Systems Incorporated (NASDAQ:ADBE). During the same quarter in the prior year, the company posted $0.90 EPS. analysts anticipate that Adobe Systems will post 4.58 earnings per share for the current fiscal year.

Adobe Systems (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, March 16th. Mar Vista Investment Prtn Limited Liability Company stated it has 2.88% in Adobe Systems Incorporated (NASDAQ:ADBE). Chemical Savings Bank stated it has 224,441 shares. Asset has invested 0.3% in Adobe Systems Incorporated (NASDAQ:ADBE). Janus Henderson Group PLC increased its stake in shares of Adobe Systems by 784.4% during the second quarter. Carnegie Capital Asset Mgmt Lc reported 1,168 shares.

Westend Advisors Llc, which manages about $1139.57 billion US Long portfolio, upped its stake in Kraft Heinz Co.by 20,773 shares to 588,049 shares, valued at $45.60B in 2017Q3, according to the filing. It also increased its holding in Nvr Inc. The rating was maintained by Goldman Sachs on Friday, March 18 with "Neutral". They expect $1.06 EPS, up 35.90% or $0.28 from last year's $0.78 per share. 555.05 million shares or 0.41% less from 557.32 million shares in 2017Q2 were reported. Adobe Systems has a consensus rating of Buy and an average price target of $187.06. Therefore 58% are positive. Moffett Nathanson started coverage on shares of Adobe Systems in a research report on Wednesday, September 6th. The rating was maintained by Stifel Nicolaus on Friday, September 1 with "Hold". The stock has "Buy" rating by Dougherty & Company on Monday, April 4.

Comments