Tech

What's Adobe Systems Incorporated (ADBE) Upside After Today's Significant Increase?

What's Adobe Systems Incorporated (ADBE) Upside After Today's Significant Increase?

RBC Capital Markets maintained Amgen Inc. They issued a "buy" rating and a $195.00 price target on the stock. On Monday, June 12 the stock rating was maintained by Jefferies with "Buy".

Investors sentiment decreased to 1.15 in Q2 2017. Its up 0.99, from 0.97 in 2017Q1. Natl Bank Of Nova Scotia invested in 111,577 shares. 43,171 are owned by Hays Advisory Limited Co. The stock decreased 1.05% or $0.02 during the last trading session, reaching $1.88. Finally, Vetr cut shares of Adobe Systems from a "hold" rating to a "sell" rating and set a $150.30 price target on the stock.in a report on Thursday, August 31st. Kames Capital Pcl reported 0% stake. Genesee Valley accumulated 16,384 shares or 0.98% of the stock. Hanson Doremus Inv Mngmt stated it has 200 shares. Lazard Asset Management LLC now owns 106,689 shares of the software company's stock worth $13,883,000 after purchasing an additional 99,041 shares during the last quarter. Following the sale, the executive vice president now owns 52,450 shares of the company's stock, valued at $9,503,415.50. And despite a price to earnings of 52.7, asset is not fairly valued as its trading at 26.74X higher to the sector which is expensive in our view. Moreover, Wellington Group Ltd Liability Partnership has 0.01% invested in Revance Therapeutics, Inc. (NASDAQ:GILD) for 7,723 shares. Segall Bryant And Hamill Ltd Llc holds 2.08% or 624,059 shares in its portfolio. Arrowmark Colorado Holdg Limited has invested 0.67% in Revance Therapeutics, Inc. Nike (NYSE:NKE) was raised too. (NASDAQ:GILD) for 288,335 shares.

Analysts await Revance Therapeutics, Inc. It was reported on Dec, 6 by Barchart.com. The company's quarterly EPS surprised Wall Street by as much as 9% to the upside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates. GILD's profit will be $2.18 billion for 10.97 P/E if the $1.67 EPS becomes a reality. Delta Lloyd NV now owns 157,455 shares of the software company's stock worth $17,090,000 after buying an additional 5,975 shares during the period.

Since June 14, 2017, it had 0 insider buys, and 1 insider sale for $311,035 activity.

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Adobe Systems Incorporated most recently reported earnings per share (EPS) of $1.1 for the August 2017 versus $0.75 in the same quarter past year, representing 47% growth. The software company reported $0.94 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.87 by $0.07.

Adobe Systems Incorporated (NASDAQ:ADBE) slipped over -0.53% at $167.54.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ADBE. First Republic Investment Management Inc. owned about 0.06% of Adobe Systems worth $45,516,000 at the end of the most recent reporting period. Tradewinds Capital Mgmt Llc reported 0.71% stake. Pnc Fin Group has 144,220 shares. During the same quarter in the prior year, the firm earned $0.75 earnings per share. equities analysts forecast that Adobe Systems Incorporated will post 3.46 EPS for the current year. Oppenheimer & Close Llc bought 524,195 shares as the company's stock declined 30.02% while stock markets rallied. S&Co Inc holds 0.06% or 3,130 shares in its portfolio. (NASDAQ:RVNC). Deutsche Savings Bank Ag reported 117,140 shares or 0% of all its holdings. Fiduciary Financial Of The Southwest Tx accumulated 2,286 shares. Synovus Fincl owns 31,182 shares or 0.09% of their U.S. portfolio. Amp Cap Investors owns 365,650 shares. 30,246 were reported by Virtus Invest Advisers. 2,500 are owned by Pioneer Trust State Bank N A Or. Connors Investor Services Inc sold 61,131 shares as Adobe Systems (ADBE)'s stock rose 14.01%. Vigilant Cap Management Lc reported 0.01% in Adobe Systems Incorporated (NASDAQ:ADBE). ADBE's total short interest was 4.90 million shares in December as published by FINRA. It also reduced Texas Instruments Inc (NASDAQ:TXN) stake by 32,819 shares and now owns 293,878 shares. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since December 7, 2016 and is uptrending.

Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 30 have Buy rating, 0 Sell and 8 Hold. Goldman Sachs maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, September 21 with "Neutral" rating. Therefore 79% are positive. Baird initiated coverage on Adobe Systems in a report on Tuesday, February 28th. According to the most recent data, Adobe Systems Incorporated has a 52-week high of $186.27 and a 52-week low of $100.16. The firm has "Outperform" rating by Bernstein given on Friday, March 18. The rating was maintained by KeyBanc Capital Markets with "Overweight" on Wednesday, November 22. The rating was downgraded by Credit Suisse to "Hold" on Friday, September 15. Stifel Nicolaus maintained it with "Buy" rating and $175.0 target in Thursday, October 19 report. The stock now has an average rating of "Buy" and an average target price of $176.50. Jefferies has "Buy" rating and $180 target. On Wednesday, September 21 the stock rating was maintained by Pacific Crest with "Overweight". FBR Capital maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Friday, December 11.


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