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Adobe Systems Incorporated (ADBE) Upgraded to Buy at Vetr Inc

15 September 2017

The Stralem & Co Inc holds 339,590 shares with $26.01M value, down from 352,690 last quarter. Cbs Corp New now has $23.28B valuation. The stock declined 0.58% or $0.9 reaching $155.34 on the news. About shares traded. Dominion Energy Inc (NYSE:D) has risen 10.88% since September 14, 2016 and is uptrending. It has outperformed by 25.59% the S&P500.

Capital Management Associates decreased its stake in Constellation Brands (STZ) by 61.67% based on its latest 2016Q4 regulatory filing with the SEC.

"Adobe sits in a dominant market position of two complementary areas of digital asset creation and distribution (Creative Cloud and Experience Cloud) with an emerging AI (artificial intelligence) framework in Sensei that reduces friction for users on the Creative side and adds a significant automation component on the marketing side", Zukin said in a report. The firm has a market capitalization of $76.45 billion, a price-to-earnings ratio of 53.97 and a beta of 1.00. The consensus target price is $111.57 with 9 firms rating the stock a strong buy, 9 brokerages rating the company a buy, five brokerages rating the company a hold, zero brokerages rating the company a underperform, and lastly zero brokerages rating the company a sell. Another trade for 59,550 shares valued at $7.50M was made by GESCHKE CHARLES M on Monday, March 20. It is down 42.29% since September 15, 2016 and is uptrending. It has outperformed by 0.50% the S&P500. Therefore 82% are positive.

IBD'S TAKE: Adobe Systems is now ranked No. 45 on the IBD 50 list of top-performing growth stocks. The stock was sold at an average price of $145.00, for a total transaction of $725,000.00. Johnson Counsel stated it has 0.01% in Adobe Systems Incorporated (NASDAQ:ADBE). UBS has "Buy" rating and $130 target. As per Wednesday, September 21, the company rating was maintained by RBC Capital Markets. The stock now has an average rating of "Buy" and an average target price of $153.88. As per Thursday, July 27, the company rating was maintained by Cowen & Co. The company was maintained on Tuesday, August 22 by Canaccord Genuity.

Investment research firm MoffettNathanson initiated coverage of Adobe last week with a buy rating and price target of 195. The rating was maintained by Wunderlich with "Hold" on Thursday, November 3. On Friday, December 11 the stock rating was maintained by KeyBanc Capital Markets with "Overweight". The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned "Neutral" rating by Robert W. Baird on Tuesday, August 25.

Analysts await Adobe Systems Incorporated (NASDAQ:ADBE) to report earnings on September, 19 after the close.

Since January 1, 0001, it had 6 insider purchases, and 0 insider sales for $5,099 activity. 20,000 shares valued at $2.61M were sold by LAMKIN BRYAN on Friday, March 31.

Investors sentiment decreased to 1.02 in Q4 2016. Its up 0.10, from 1 in 2016Q3. With 1.50 million shares average volume, it will take short sellers 3 days to cover their ADBE's short positions. 85 funds opened positions while 267 raised stakes. During the same period in the previous year, the firm posted $0.71 earnings per share. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Management stated it has 0.01% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Daiwa Securities Group Inc. owns 17.78 million shares or 4.16% of their U.S. portfolio. Nuveen Asset Mngmt Ltd Company holds 0.13% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 240,819 shares. Nordea Invest holds 0.04% or 154,801 shares. Moreover, Montecito Natl Bank And Trust has 0.03% invested in Dominion Energy Inc (NYSE:D) for 1,048 shares. The Ontario - Canada-based Manufacturers Life Insur The has invested 0.13% in Adobe Systems Incorporated (NASDAQ:ADBE). Alliancebernstein Limited Partnership has invested 0.35% in Adobe Systems Incorporated (NASDAQ:ADBE). Commerzbank Aktiengesellschaft Fi holds 52,884 shares. Junto Cap Lp holds 3.35% or 297,946 shares. FMR LLC now owns 35,647,268 shares of the software company's stock worth $5,041,950,000 after buying an additional 1,651,762 shares during the period. 32,580 were accumulated by Icon Advisers Comm. Electron Capital Prns Llc holds 6.1% of its portfolio in Dominion Energy Inc (NYSE:D) for 236,777 shares.

Investors sentiment increased to 1.15 in Q4 2016. Its the same as in 2016Q3. 3,006 were reported by Wellington Shields Capital Ltd. Stevens Management LP reported 0.12% stake. 2,370 were accumulated by Zeke Capital Advsrs Ltd Liability Company. The Illinois-based Envestnet Asset Mgmt has invested 0% in Wolverine World Wide, Inc. (NYSE:STZ). 16,890 are owned by Gsa Prtn Llp.

Cardinal Health, a healthcare services and products company. Blackrock Mngmt Limited Liability Com holds 0.11% of its portfolio in American Tower Corp (NYSE:AMT) for 937,510 shares. (NYSE:STZ). D E Shaw & Communication holds 240,283 shares or 0.06% of its portfolio. Gulf Intl Retail Bank (Uk) owns 152,033 shares. Kings Point Mgmt stated it has 82 shares. Goldman Sachs Grp Inc has invested 0.07% in Dominion Energy Inc (NYSE:D). Ithaka Gp Ltd Limited Liability Company owns 162,545 shares. (NYSE:STZ) for 20,750 shares. Country Trust National Bank & Trust invested in 0% or 400 shares. Analysts are turning out to be more optimistic than before, with 5 of analysts who cover FibroGen, Inc. (NYSE:WWW) to report earnings on October, 17. They expect $1.61 EPS, up 8.05% or $0.12 from last year's $1.49 per share. STZ's profit will be $421.26M for 23.66 P/E if the $2.16 EPS becomes a reality. Adobe Systems Incorporated is given 13 buy-equivalent recommendations, 1 sells and 4 holds.