Adobe Systems (ADBE) Upgraded to "Strong-Buy" at Vetr

Aubrey Yates
December 7, 2017

Artisan Partners Limited Partnership grew its holdings in shares of Adobe Systems Incorporated (NASDAQ:ADBE) by 5.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). Stephens Investment Mgmt Grp Lc reported 395 shares or 0% of all its holdings. The stock increased 1.31% or $1.05 during the last trading session, reaching $80.92. TSLA has lost -0.78% in the 1-month period. The option since executed brings Thompson ownership to 50000 shares. The firm has "Overweight" rating given on Friday, October 6 by Morgan Stanley. They expect this year's earnings to rise 37.85% year-over-year to $3.46, followed by 34.68% growth in the next year to $4.66.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Note, this compares with a consensus analyst forecast of 0.96 in earnings per share for its next fiscal quarterly report. FBR Capital maintained it with "Mkt Perform" rating and $87 target in Wednesday, October 7 report. The firm has "Buy" rating given on Thursday, July 27 by Argus Research. World Asset Management reported 0.23% stake.

Following some medium-term indicators on shares of Adobe Systems Incorporated (ADBE), we can see that the 40-day commodity channel index signal is presently Hold while the 50-day Parabolic SAR generates a Sell signal. Credit Agricole S A holds 0.08% or 175,389 shares. Aureus Asset Management LLC boosted its position in shares of Adobe Systems by 49.0% in the 1st quarter.

Adobe Systems Incorporated has a beta of 0.97, offering the possibility of a higher rate of return, but also posing more risk. The software company reported $1.10 EPS for the quarter, beating the Zacks' consensus estimate of $1.01 by $0.09. Moreover, Amp Cap Investors Ltd has 0.31% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 365,650 shares. Winslow Capital Management Llc sold 282,247 shares as Adobe Systems Inc (ADBE)'s stock rose 14.01%. For shareholders, given the total diluted outstanding shares of 500.4 million, this means overall earnings per share of 0.84. The Ohio-based Fifth Third Comml Bank has invested 0.02% in Adobe Systems Incorporated (NASDAQ:ADBE). Ifrah Finance holds 0.29% of its portfolio in Amgen Inc.

Mairs & Power Inc increased Oasis Petroleum Inc (NYSE:OAS) stake by 121,400 shares to 352,620 valued at $2.84M in 2017Q2. Comerica holds 0.09% or 4,475 shares. Univest Of Pennsylvania has invested 1.84% in Amgen Inc. Ameritas Invest Prns stated it has 0% in Revance Therapeutics, Inc. (NASDAQ:RVNC). Great West Life Assurance Can holds 2,553 shares or 0% of its portfolio. Gateway Advisers Ltd Co holds 419,979 shares. Estimated EPS indicate boosted earnings above current PE of 52.7, with fwd pe 30.41 reported higher in parallel to the regression of business returns based on past P /E values. Lederer Associate Investment Counsel Ca reported 2.16% stake. Veritable L P accumulated 24,547 shares. Polen Management Ltd Limited Liability Company reported 7.5% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE).

Since June 14, 2017, it had 0 insider buys, and 1 sale for $311,035 activity.

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More important recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Investorplace.com which released: "Why You Should Buy Adobe Systems Incorporated Stock" on November 10, 2017, also Investorplace.com published article titled: "Trade of the Day: Adobe Systems Incorporated (ADBE)", Investorplace.com published: "Why Adobe Systems Incorporated Stock Is up and Still Going Strong" on November 17, 2017. 76,342 were accumulated by Gotham Asset Mgmt Limited Liability Co.

Price-to-free-cash-flow (P/FCF) of 31.97 gives an overview of the equity valuation for Adobe Systems Incorporated. Adobe Systems Inc now has $84.10B valuation.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. The company was downgraded on Monday, June 12 by Pivotal Research. The firm has "Hold" rating by Northland Capital given on Friday, April 21. The Connecticut-based Conning has invested 0.06% in Adobe Systems Incorporated (NASDAQ:ADBE). The company has market cap of $82.59 billion. Therefore 79% are positive. The Company's Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content. The firm has "Buy" rating by KeyBanc Capital Markets given on Wednesday, October 18. It has a 54.49 P/E ratio. This segmentÂ's flagship product is Creative Cloud, a subscription service that allows clients to download and install the latest versions of its creative products. Adobe Systems now has an average rating of "Buy" and an average target price of $176.50. Finally, Wunderlich upgraded Adobe Systems from a "hold" rating to a "buy" rating and upped their price target for the stock from $115.00 to $145.00 in a research report on Friday, March 17th. BMO Capital Markets has "Buy" rating and $165.0 target.

The stock of Adobe Systems Incorporated (NASDAQ:ADBE) is a huge mover today! On Wednesday, March 23 the stock rating was maintained by Deutsche Bank with "Buy".

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