How Many Adobe Systems Incorporated (NASDAQ:ADBE)'s Analysts Are Bullish?

Alfred Osborne
January 14, 2018

The stock has a market cap of $57.53 billion, a PE ratio of 50.19 and a beta of 1.06. Decatur Capital Management Inc. now owns 134,070 shares of the software company's stock valued at $14,552,000 after buying an additional 3,650 shares during the last quarter. The shares were sold at an average price of $104.03, for a total transaction of $5,003,843.00. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since January 14, 2017 and is uptrending. It has outperformed by 25.59% the S&P500. The insider COOK TIMOTHY D sold 268,623 shares worth $43.15 million. Janus Henderson Group PLC now owns 11,226,707 shares of the software company's stock valued at $1,587,936,000 after purchasing an additional 9,957,241 shares during the last quarter. Grassi Investment Management who had been investing in Pinnacle Foods for a number of months, seems to be less bullish one the $7.04B market cap company. The stock increased 3.13% or $3.49 during the last trading session, reaching $114.84. About 1.34M shares traded or 18.69% up from the average. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since January 14, 2017 and is uptrending. It has outperformed by 24.97% the S&P500.

Investors sentiment decreased to 0.98 in 2017 Q3. Its down 0.30, from 1.28 in 2017Q2. Sold All: 42 Reduced: 327 Increased: 312 New Position: 97. The funds in our partner's database now possess: 414.95 million shares, down from 418.45 million shares in 2017Q2. Alphaone Invest Svcs Lc reported 0.04% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). 586.69 million shares or 2.23% less from 600.08 million shares in 2017Q2 were reported. Lpl Fin Llc has invested 0.05% in Adobe Systems Incorporated (NASDAQ:ADBE). Alphaone Investment Services Limited Company has invested 0.01% of its portfolio in WESCO International, Inc. Finally, Rockland Trust Co. acquired a new stake in shares of Adobe Systems during the 4th quarter valued at about $298,000.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tiger Management L.L.C., a New York-based fund reported 225,800 shares.#img1#. They expect $1.46 EPS, up 16.80% or $0.21 from last year's $1.25 per share. (NYSE:WCC) to report earnings on January, 25. Tpg Gp (Sbs) has invested 0.07% in Adobe Systems Incorporated (NASDAQ:ADBE). Also, Director Charles M. Geschke sold 21,276 shares of the stock in a transaction that occurred on Wednesday, January 10th. Telsey Advisory Group upgraded the shares of DLTR in report on Monday, February 8 to "Outperform" rating. Eqis Mgmt holds 2,642 shares. Zacks Investment Research cut shares of Adobe Systems from a "buy" rating to a "hold" rating in a report on Tuesday, December 19th. Therefore 77% are positive. ADBE was included in 135 notes of analysts from August 11, 2015. The firm earned "Mkt Perform" rating on Wednesday, October 7 by FBR Capital. Pivotal Research reaffirmed a "hold" rating and set a $104.00 price objective (down from $136.00) on shares of Adobe Systems in a research report on Thursday, January 12th. RBC Capital Markets maintained the stock with "Outperform" rating in Friday, December 11 report. Oppenheimer maintained the stock with "Hold" rating in Wednesday, June 7 report. The stock has "Buy" rating by Stifel Nicolaus on Wednesday, April 12. Delta Lloyd NV now owns 157,455 shares of the software company's stock valued at $17,090,000 after buying an additional 5,975 shares during the last quarter.

Adobe Systems (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, December 14th. Shares for $338,846 were sold by Lewnes Ann. 6,800 Adobe Systems Incorporated (NASDAQ:ADBE) shares with value of $1.18M were sold by WARNOCK JOHN E. THOMPSON MATTHEW had sold 2,190 shares worth $379,784. Sei Communication has invested 0.46% in Adobe Systems Incorporated (NASDAQ:ADBE). Guggenheim has "Buy" rating and $215.0 target.

Since August 9, 2017, it had 1 buying transaction, and 7 sales for $6.56 million activity. New Mexico Educational Retirement Board holds 0.33% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 46,018 shares. PHILBIN GARY M sold 9,950 shares worth $841,181. Parker Investment Management LLC acquired a new stake in shares of Adobe Systems during the 4th quarter valued at about $237,000.

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Ao Asset Management Llc decreased its stake in Adobe Sys Inc (ADBE) by 19.03% based on its latest 2017Q3 regulatory filing with the SEC. During the same period in the prior year, the firm posted $0.90 EPS. research analysts anticipate that Adobe Systems Incorporated will post 4.58 earnings per share for the current year. They expect $0.98 earnings per share, up 2.08 % or $0.02 from last year's $0.96 per share.

COPYRIGHT VIOLATION NOTICE: "Insider Buying: Adobe Systems Incorporated (ADBE) Director Acquires 1,125 Shares of Stock" was originally reported by The Lincolnian Online and is owned by of The Lincolnian Online. WCC's profit would be $46.06M giving it 17.17 P/E if the $0.98 EPS is correct. After $0.58 actual earnings per share reported by Pinnacle Foods Inc. for the previous quarter, Wall Street now forecasts 62.07% EPS growth.

Investors sentiment decreased to 1.03 in Q3 2017. Its down 0.29, from 1.11 in 2017Q2. It is positive, as 52 investors sold AAPL shares while 1034 reduced holdings. Qcm Cayman Limited reported 0.55% stake. First Quadrant Limited Partnership Ca has 7,200 shares. Renaissance Grp reported 1.1% stake. D L Carlson Grp Incorporated Incorporated holds 32,746 shares. It also upped Vanguard Whitehall Fds Inc (VYM) stake by 13,291 shares and now owns 117,800 shares. Axa holds 499,266 shares or 0.32% of its portfolio. (NYSE:PF). Amalgamated National Bank owns 21,336 shares or 0.04% of their USA portfolio. (OTCMKTS:WAYN). 4,700 are owned by Huntington Fincl Bank. Fisher Asset Limited Liability Company invested in 0.01% or 156,476 shares. Moreover, Gateway Advisers Limited Co has 3.78% invested in Apple Inc. (OTCMKTS:WAYN). Glenmede Na has invested 0% in Wayne Savings Bancshares, Inc. Bnp Paribas Asset Mgmt Holdings Sa, France-based fund reported 77,530 shares.

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