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Adobe Systems Incorporated (ADBE) — Hot Trending Stock

13 January 2018

TCI Wealth Advisors Inc. now owns 1,104 shares of the software company's stock worth $120,000 after buying an additional 110 shares in the last quarter. The institutional investor held 5.80M shares of the investment managers company at the end of 2017Q3, valued at $203.35M, up from 5.77M at the end of the previous reported quarter. (ARLZ) stock showed the move of -3.71% with the closing price of $1.68. About 4.37M shares traded. The Bank of New York Mellon Corporation (BK) has risen 13.98% since January 11, 2017 and is uptrending. It has underperformed by 12.05% the S&P500. Polen Capital Management LLC increased its stake in Adobe Systems by 31.5% in the 2nd quarter. Bluestein R H Company invested in 6,304 shares or 0.01% of the stock. The hedge fund run by Michael R. Weisberg held 72,090 shares of the prepackaged software company at the end of 2017Q3, valued at $10.75 million, up from 64,800 at the end of the previous reported quarter. Fic Capital Inc who had been investing in Adobe Systems for a number of months, seems to be less bullish one the $96.15 billion market cap company. The stock increased 0.22% or $0.41 during the last trading session, reaching $187.11. Jennison Associates Ltd Liability Corp stated it has 10.88M shares. It has outperformed by 25.59% the S&P500. Swedbank owns 1.55 million shares or 1.41% of their United States portfolio. It also increased its holding in Acadia Healthcare Company In (NASDAQ:ACHC) by 8,650 shares in the quarter, for a total of 84,370 shares, and has risen its stake in Cvs Health Corp (NYSE:CVS).

Investors sentiment decreased to 1.16 in Q3 2017. Its up 0.01, from 1.1 in 2017Q2. It is without change, as 69 investors sold SLB shares while 596 reduced holdings. only 105 funds opened positions while 481 raised stakes. BlackRock Inc. increased its stake in Adobe Systems by 8.2% in the 2nd quarter. Ingalls & Snyder Limited Liability reported 1,915 shares. Vanguard Grp Inc invested in 0% or 223,791 shares. Twin Capital Management holds 95,710 shares. Hanson Mcclain accumulated 186 shares or 0% of the stock. Fayez Sarofim And has invested 0% in Invesco Ltd. (NYSE:IVZ). Destination Wealth accumulated 112,567 shares. They expect $0.91 EPS, up 18.18% or $0.14 from last year's $0.77 per share. Meyer Handelman Com reported 2,500 shares or 0.02% of all its holdings. Jacobs Levy Equity owns 24,224 shares for 0.07% of their portfolio. (NYSE:TR). Voya Management Ltd Company holds 0% in Tootsie Roll Industries, Inc. (NASDAQ:DRNA). Fmr Ltd Liability Corporation reported 1.47M shares. Moreover, Renaissance Gru has 1.1% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Arcadia Invest Mngmt Corp Mi has 45,144 shares. Brandywine Glob Investment Management Ltd Company reported 0.08% stake. Vaughan David Il stated it has 198,046 shares. Another trade for 3,135 shares valued at $429,417 was sold by Larrimer Karen L. The insider Reilly Robert Q sold $2.85M. On Tuesday, October 24 the insider EHRLICH DONALD J sold $960,736. Cowen and Company reissued a "buy" rating and set a $120.00 price objective on shares of Adobe Systems in a research report on Tuesday, December 13th. Therefore 76% are positive. Canaccord Genuity reiterated a "buy" rating and issued a $170.00 price objective (up from $165.00) on shares of Adobe Systems in a research report on Wednesday, September 20th. The company was maintained on Wednesday, September 20 by Canaccord Genuity. The rating was maintained by Jefferies with "Buy" on Friday, September 18. The firm earned "Strong Buy" rating on Wednesday, December 28 by Raymond James. The firm has "Buy" rating given on Sunday, July 30 by RBC Capital Markets. The rating was maintained by Macquarie Research with "Neutral" on Thursday, April 20. The rating was initiated by Credit Suisse with "Outperform" on Wednesday, February 1. The stock has "Buy" rating by Cowen & Co on Monday, December 11. The rating was maintained by BMO Capital Markets with "Buy" on Tuesday, August 22. Pivotal Research has "Buy" rating and $125 target.

Investors sentiment decreased to 0.87 in Q3 2017. Its up 0.01, from 1.1 in 2017Q2. It is positive, as 42 investors sold ADBE shares while 327 reduced holdings. 97 funds opened positions while 312 raised stakes. Barclays restated a buy rating and issued a $167.00 price target on shares of Adobe Systems in a research report on Friday, September 15th. $1.18M worth of Adobe Systems Incorporated (NASDAQ:ADBE) shares were sold by WARNOCK JOHN E.

Over the past 50 days, Adobe Systems Incorporated stock's 2.96% off of the high and 17.42% removed from the low. Ftb Advsr has invested 0.04% in Adobe Systems Incorporated (NASDAQ:ADBE). Tctc Lc has 0.06% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Zeke Cap Advsrs Limited Liability invested in 0.17% or 8,268 shares. 292,396 were accumulated by Mirae Asset Glob Invests. (NYSE:SU) has Quick Ratio of 0.60, which indicates firm has sufficient short-term assets to cover its immediate liabilities. The company had a trading volume of 1,600,000 shares, compared to its average volume of 2,092,288.

Adobe Systems (NASDAQ:ADBE) last announced its earnings results on Thursday, December 14th.

Adobe Systems Incorporated is a software company. 27,342 are owned by Dimensional Fund Advisors Lp. Barometer Cap Mgmt owns 7,500 shares. Next Fincl Group Inc holds 5,300 shares or 0.01% of its portfolio. New Mexico Educational Retirement Board holds 46,018 shares or 0.33% of its portfolio.

Since August 9, 2017, it had 1 buy, and 7 sales for $6.56 million activity. The insider Lewnes Ann sold 1,953 shares worth $338,846. GESCHKE CHARLES M sold $3.97 million worth of stock or 21,276 shares. $199,520 worth of Adobe Systems Incorporated (NASDAQ:ADBE) was bought by Banse Amy.

More notable recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: which released: "How Investors Need to Approach Adobe Systems Incorporated" on December 14, 2017, also with their article: "Adobe: Strong Finish To 2017" published on December 16, 2017, published: "Adobe: Getting Better By The Quarter" on December 18, 2017.

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