Could Adobe Systems Incorporated (ADBE) Go Down After Achieving All Time High?

Alfred Osborne
January 13, 2018

Wall Street analysts polled by Thomson Reuters have a current recommendation of 1.90 on a consensus basis for the stock. The hedge fund run by Steve Cohen held 2.63 million shares of the industrial machinery and components company at the end of 2017Q3, valued at $225.33M, up from 697,114 at the end of the previous reported quarter. Kiltearn Partners Llp bought 37,900 shares as the company's stock declined 2.83% while stock markets rallied.

The stock increased 0.97% or $1.81 during the last trading session, reaching $188.92. About 2.25M shares traded. It has outperformed by 0.30% the S&P500. 2,595 are held by Sequoia Finance Advsr Ltd. Shell Asset Mngmt Com stated it has 100,642 shares. The institutional investor held 109,682 shares of the prepackaged software company at the end of 2017Q3, valued at $16.36 million, down from 112,224 at the end of the previous reported quarter. Aristotle Capital Management Llc who had been investing in Adobe Sys Inc for a number of months, seems to be bullish on the $92.56 billion market cap company.

The stock increased 0.36% or $0.21 during the last trading session, reaching $58.56. Finally, Progressive Investment Management Corp boosted its stake in shares of Adobe Systems by 5.6% during the fourth quarter. Over the past twelve months, Adobe Systems Incorporated (NASDAQ:ADBE)'s stock was 7.81%. It has outperformed by 25.59% the S&P500.

Investors sentiment decreased to 1.16 in Q3 2017. About 1.81M shares traded or 0.88% up from the average. Dimensional Fund Lp has 0% invested in American River Bankshares (NASDAQ:AMRB) for 361,325 shares. The stock now has Monthly Volatility of 7.89% and Weekly Volatility of 8.95%. Of Toledo Na Oh reported 1,800 shares. Carroll Financial Associates Incorporated has invested 0.03% in Adobe Systems Incorporated (NASDAQ:ADBE). Cleararc Capital Inc accumulated 17,732 shares or 0.39% of the stock. Alpine Mgmt Lc accumulated 3,597 shares. Parametrica Mgmt Limited holds 0.1% in Vonage Holdings Corp. Schmidt P J Invest owns 1,520 shares. Swiss National Bank & Trust holds 0.26% or 2.67M shares. First Heartland Consultants has 7,814 shares. Lansdowne Ptnrs (Uk) Llp reported 15,661 shares stake. Torray Ltd Com holds 1.72% or 116,404 shares.

Charles Geschke, director of Adobe Systems Inc, in an insider transaction sold some 21,276 shares whose amount is estimated to be $3,968,969 at average stock price of $186.5. Therefore 0 are positive. Addenda Capital Inc.'s holdings in Adobe Systems were worth $7,241,000 at the end of the most recent reporting period. On Friday, December 15 the stock rating was maintained by Robert W. Baird with "Buy". The firm has a market capitalization of $94,710.00, a P/E ratio of 56.88, a PEG ratio of 2.38 and a beta of 1.05. The rating was upgraded by Pivotal Research to "Hold" on Thursday, October 19. Deutsche Bank maintained it with "Buy" rating and $110 target in Tuesday, December 8 report. On Friday, February 5 the stock rating was initiated by Leerink Swann with "Market Perform". Barclays Capital has "Overweight" rating and $181 target. The company was maintained on Thursday, October 19 by Stifel Nicolaus. (NYSE:PNC) earned "Hold" rating by Societe Generale on Tuesday, March 22. 1,953 shares were sold by Lewnes Ann, worth $338,846 on Wednesday, December 13. On Monday, September 25 the insider Curran Terrie sold $248,498. It increased, as 45 investors sold IVZ shares while 151 reduced holdings.

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The company has a market capitalization of $19,200.00, a price-to-earnings ratio of 33.25, a PEG ratio of 6.34 and a beta of 1.45. It is negative, as 19 investors sold LOPE shares while 84 reduced holdings. 116 funds opened positions while 640 raised stakes.

Adobe Systems (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, December 14th. Therefore 76% are positive. Vonage had 31 analyst reports since July 31, 2015 according to SRatingsIntel. RBC Capital Markets maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Friday, December 8 with "Buy" rating. Zacks Inv Mgmt has 0.08% invested in Adobe Systems Incorporated (NASDAQ:ADBE). The company was maintained on Friday, March 18 by RBC Capital Markets. As per Wednesday, January 6, the company rating was maintained by Credit Suisse. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned "Buy" rating by Jefferies on Wednesday, September 20. The stock of Danaher Corporation (NYSE:DHR) earned "Buy" rating by Evercore on Wednesday, January 3. The rating was downgraded by JP Morgan on Friday, January 6 to "Neutral". The company was maintained on Thursday, October 19 by Bank of America. Guggenheim maintained the shares of ADBE in report on Wednesday, January 10 with "Buy" rating.

Since August 9, 2017, it had 1 buying transaction, and 6 sales for $2.59 million activity. The shares were sold at an average price of $186.55, for a total value of $3,969,037.80. The insider King William sold 43,688 shares worth $3.62 million. WARNOCK JOHN E sold $1.18M worth of stock or 6,800 shares. $199,520 worth of Adobe Systems Incorporated (NASDAQ:ADBE) was bought by Banse Amy. Comparatively, ADBE posted earnings of $1.1 per share in the same quarter, a year earlier. ADBE's profit will be $522.52M for 44.56 P/E if the $1.06 EPS becomes a reality. After $0.98 actual EPS reported by The Bank of New York Mellon Corporation for the previous quarter, Wall Street now forecasts -7.14% negative EPS growth.

Investors sentiment increased to 1.3 in 2017 Q3. Its down 0.06, from 0.93 in 2017Q2.

ILLEGAL ACTIVITY NOTICE: "Adobe Systems Incorporated (ADBE) Shares Sold by Lathrop Investment Management Corp" was originally reported by The Lincolnian Online and is owned by of The Lincolnian Online. 97 funds opened positions while 312 raised stakes. Bancorpsouth Inc owns 4,470 shares for 0.07% of their portfolio. Private Cap Advisors Incorporated has 36,271 shares for 1.85% of their portfolio. Srs Inv Mngmt Limited Liability holds 0.67% or 218,056 shares. California Pub Employees Retirement System owns 41,000 shares or 0% of their U.S. portfolio. Headinvest Ltd Liability accumulated 50,665 shares. Gateway Invest Advisers Ltd Liability Corporation owns 396,745 shares.

Moreover, Bbva Compass Natl Bank has 0.05% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 4,698 shares. Howe & Rusling stated it has 33,139 shares or 0.91% of all its holdings. Amer International Group Inc Inc holds 0.11% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 214,066 shares. Eulav Asset Management holds 0.39% or 56,000 shares. Monetary Management Grp Incorporated Inc invested 0.01% of its portfolio in Tootsie Roll Industries, Inc.

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