BidaskClub Upgrades Adobe Systems (ADBE) to "Strong-Buy"

The software company reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.86 by $0.04. Fifth Third Bancorp who had been investing in Adobe Sys Inc for a number of months, seems to be bullish on the $96.15 billion market cap company. 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 $175.39, for a total value of $4,384,750.00.

Sheets Smith Wealth Management lessened its stake in Adobe Systems Incorporated (NASDAQ:ADBE) by 51.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. It has outperformed by 25.59% the S&P500.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FTB Advisors Inc. now owns 2,728 shares of the software company's stock worth $395,000 after purchasing an additional 33 shares during the period. The stock increased 0.63% or $0.16 during the last trading session, reaching $25.53. About 5.14M shares traded.

Adobe Systems (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, December 14th. It has outperformed by 12.42% the S&P500.

Investors sentiment decreased to 0.98 in Q3 2017. Its up 0.01, from 1.1 in 2017Q2. Com Financial Bank stated it has 224,699 shares or 0.45% of all its holdings. Mutual Of America Management Limited Liability Com holds 0.15% or 60,645 shares in its portfolio. Citigroup Inc owns 32,023 shares or 0% of their USA portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 0% or 1,720 shares. (NYSE:WCC) to report $0.98 EPS on January, 25.They anticipate $0.02 EPS change or 2.08% from last quarter's $0.96 EPS. Act Ii Management LP holds 75,000 shares. Boston Prns has 0.64% invested in Time Warner Inc. Clearbridge Ltd Liability Corp accumulated 1.15 million shares or 0.05% of the stock. (NYSE:TWX). Palladium Prns Limited Company has invested 0.02% in Time Warner Inc. Trexquant Invest Lp owns 6,742 shares for 0.17% of their portfolio. Massachusetts Fin Ma owns 364,033 shares. Wetherby Asset Mngmt, a California-based fund reported 12,957 shares.

Ontario Teachers Pension Plan Board, which manages about $7.54B US Long portfolio, decreased its stake in Allegion Pub Ltd Co (NYSE:ALLE) by 152,330 shares to 272,841 shares, valued at $23.59 million in 2017Q3, according to the filing. It also increased its holding in Halliburton Co (NYSE:HAL) by 14,440 shares in the quarter, for a total of 64,800 shares, and has risen its stake in Cvs Health Corp (NYSE:CVS). During the same period previous year, the business earned $0.62 EPS. AL's profit will be $90.84M for 14.24 P/E if the $0.88 EPS becomes a reality. Atlantic Tru Group Inc Llc invested 0.68% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Argus boosted their target price on Adobe Systems from $170.00 to $195.00 and gave the company a buy rating in a research report on Wednesday, October 25th. Therefore 69% are positive. The company was maintained on Friday, May 27 by Jefferies. The firm earned "Market Perform" rating on Wednesday, January 11 by Wells Fargo. The stock has "Buy" rating by Stephens on Tuesday, January 2. DA Davidson initiated Air Lease Corporation (NYSE:AL) rating on Friday, August 21. The company now has a consensus rating of "Buy" and an average target price of $187.06. RBC Capital Markets maintained it with "Top Pick" rating and $80 target in Friday, September 29 report. RBC Capital Markets maintained Time Warner Inc. In the last ninety days, insiders sold 88,772 shares of company stock worth $15,798,527. Vetr cut Adobe Systems from a "hold" rating to a "sell" rating and set a $105.68 price objective on the a research report on Thursday, October 20th. Therefore 40% are positive. ADBE was included in 135 notes of analysts from August 11, 2015. The firm has "Buy" rating given on Wednesday, June 21 by Wunderlich. WARNOCK JOHN E also sold $1.18 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) shares. (NASDAQ:DLTR), 22 have Buy rating, 1 Sell and 11 Hold. The stock now has an average rating of Buy and a consensus target price of $187.06. Adobe Systems has a consensus rating of "Buy" and an average price target of $187.06. The firm earned "Buy" rating on Tuesday, December 8 by Deutsche Bank. $199,520 worth of Adobe Systems Incorporated (NASDAQ:ADBE) was bought by Banse Amy on Monday, December 18. On Thursday, March 31 the stock rating was initiated by Canaccord Genuity with "Buy". $338,846 worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by Lewnes Ann.

Since August 9, 2017, it had 1 insider purchase, and 7 selling transactions for $6.56 million activity. The rating was maintained by RBC Capital Markets with "Buy" on Friday, November 10. 2,190 shares were sold by THOMPSON MATTHEW, worth $379,784 on Monday, October 23.

Investors sentiment decreased to 1.03 in Q3 2017. Its up 0.01, from 1.1 in 2017Q2. It worsened, as 35 investors sold WESCO International, Inc. shares while 59 reduced holdings. 97 funds opened positions while 312 raised stakes. 414.95 million shares or 0.84% less from 418.45 million shares in 2017Q2 were reported. Renaissance Grp reported 1.1% stake. 586.69 million shares or 2.23% less from 600.08 million shares in 2017Q2 were reported. The New York-based Cornerstone Cap Ltd Liability Company has invested 0.17% in Adobe Systems Incorporated (NASDAQ:ADBE). Prudential Public Ltd Limited Liability Company holds 0% or 6,573 shares. Los Angeles Cap And Equity Research Inc reported 46,344 shares.

Adobe Systems (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, December 14th. Kemnay Advisory Svcs Incorporated reported 52,613 shares. During the same quarter last year, the company posted $0.90 EPS. sell-side analysts forecast that Adobe Systems will post 4.58 earnings per share for the current year.



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