Adobe Systems Crushes First-Quarter Views, Shares Rise Late


Adobe Systems Crushes First-Quarter Views, Shares Rise Late

Wedbush Securities Inc who had been investing in Adobe Systems Inc for a number of months, seems to be bullish on the $110.94B market cap company. The stock increased 3.13% or $6.84 during the last trading session, reaching $225.71.

In the transaction dated January 31, 2018, the great number of shares disposed came courtesy the EVP & GM, Digital Media; Lamkin Bryan disposed a total of 30,000 shares at an average price of $199.08, amounting to approximately $5,972,400. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned "Buy" rating by Wunderlich on Friday, March 17. It has outperformed by 25.59% the S&P500.

Cape Cod Five Cents Savings Bank decreased Adobe Sys Inc (ADBE) stake by 15.48% reported in 2017Q3 SEC filing. Insiders have sold a total of 349,246 shares of company stock valued at $66,987,577 in the last quarter. 21,276 shares valued at $3.97 million were sold by GESCHKE CHARLES M on Wednesday, January 10. The company has market cap of 1.17 billion GBP. Stratos Wealth Partners LTD. now owns 7,579 shares of the software company's stock valued at $1,131,000 after acquiring an additional 296 shares in the last quarter. CF Industries Holdings, Inc. MacroGenics, Inc. (NASDAQ:MGNX) has declined 9.76% since March 16, 2017 and is downtrending.

Among 11 analysts covering MacroGenics (NASDAQ:MGNX), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 35% are positive.

A number of research analysts have commented on ADBE shares. The rating was maintained by BMO Capital Markets on Monday, September 25 with "Buy". Jefferies maintained it with "Buy" rating and $92.0 target in Friday, September 18 report.

Howe And Rusling Inc reported 33,139 shares. Janney Capital has "Buy" rating and $36 target. Its up 0.02, from 0.72 in 2017Q2. Virtus Advisers, a Connecticut-based fund reported 25,951 shares. Another trade for 1,125 shares valued at $199,520 was bought by Banse Amy. Moreover, Coastline Trust has 0.87% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Retirement Of Alabama reported 239,378 shares. J Goldman & LP stated it has 11,500 shares or 0.02% of all its holdings. Blackrock Inc has 34.57M shares for 0.26% of their portfolio. It also upped Bank Amer Corp (NYSE:BAC) stake by 10.75M shares and now owns 10.82 million shares. Slate Path Capital Limited Partnership has 1.73M shares. (NYSE:CF) to report earnings on May, 2. During the same period in the previous year, the business posted $0.90 EPS. research analysts predict that Adobe Systems Incorporated will post 5.23 earnings per share for the current year. EBMT's profit will be $1.34M for 20.50 P/E if the $0.25 EPS becomes a reality. Another trade for 54,488 shares valued at $10.21 million was made by GARRETT MARK on Tuesday, February 6. Therefore 76% are positive. SunTrust has "Buy" rating and $26.0 target. Macquarie Research upgraded the stock to "Outperform" rating in Thursday, April 14 report. The firm has "Outperform" rating by RBC Capital Markets given on Wednesday, February 8.

Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 29 have Buy rating, 0 Sell and 9 Hold. The rating was downgraded by Credit Suisse to "Neutral" on Thursday, December 7. As per Thursday, August 24, the company rating was maintained by KeyBanc Capital Markets. The rating was maintained by Barclays Capital with "Overweight" on Thursday, October 19. Shore Capital maintained Virgin Money Holdings (LON:UK plc) on Friday, December 8 with "Buy" rating.

Investors sentiment increased to 0.74 in Q3 2017. Its up 0.01, from 1.1 in 2017Q2. It improved, as 42 investors sold Adobe Systems Incorporated shares while 327 reduced holdings. 97 funds opened positions while 312 raised stakes. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since March 16, 2017 and is uptrending. Point72 Asia (Hong Kong) Ltd holds 0.09% or 845 shares in its portfolio. Schroder Investment Management Grp stated it has 0.03% in Adobe Systems Incorporated (NASDAQ:ADBE). Stifel Nicolaus boosted their price target on Adobe Systems from $210.00 to $230.00 and gave the stock a "buy" rating in a research note on Monday. Ing Groep Nv owns 22,248 shares for 0.06% of their portfolio.

Adobe Systems Incorporated is a software company. Horan Advisors Limited Liability Corp reported 935 shares.

Covington Capital Management boosted its stake in Adobe Systems Incorporated (NASDAQ:ADBE) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. Lipe & Dalton owns 17,331 shares for 1.77% of their portfolio. Finally, Ladenburg Thalmann Financial Services Inc. grew its stake in Adobe Systems by 3.6% during the fourth quarter.

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