Economy

Adobe Systems Incorporated (ADBE) Holdings Cut by DE Burlo Group Inc

Adobe Systems Incorporated (ADBE) Holdings Cut by DE Burlo Group Inc

Atalanta Sosnoff Capital Llc acquired 89,848 shares as Adobe Sys Inc (ADBE)'s stock rose 14.01%. ACG Wealth now owns 31,481 shares of the software company's stock valued at $5,517,000 after purchasing an additional 2,936 shares in the last quarter. Adobe Sys Inc now has $95.40 billion valuation.

Shares of Adobe Systems Incorporated (NASDAQ:ADBE) traded up $3.65 during trading hours on Thursday, reaching $197.13. About 2.54 million shares traded. The returns on assets of Adobe Systems Incorporated (NASDAQ:ADBE) also presenting perceptible condition of profitability, it has ROA of 10.90%, the very positive ratio starts from +15% and very negative hits to -15%. It has outperformed by 25.59% the S&P500.

Eaton Vance Management, which manages about $88.88 billion and $38.70 billion US Long portfolio, upped its stake in Acadia Rlty Tr (NYSE:AKR) by 16,404 shares to 242,323 shares, valued at $6.94M in 2017Q3, according to the filing. Southeast Asset Advisors Inc sold 1,269 shares as the company's stock rose 6.75% with the market. The hedge fund held 677,659 shares of the major banks company at the end of 2017Q3, valued at $64.72 million, down from 685,913 at the end of the previous reported quarter. Eaton Vance Management who had been investing in Suntrust Bks Inc for a number of months, seems to be less bullish one the $32.87B market cap company. The stock increased 1.29% or $2.5 during the last trading session, reaching $195.98. About 1.66M shares traded. (NYSE:JPM) has risen 33.74% since February 15, 2017 and is uptrending. It has underperformed by 55.38% the S&P500.

Since September 13, 2017, it had 1 buy, and 14 sales for $79.49 million activity. Analysts at KeyBanc Capital Mkts have not made any change to their Overweight rating on Adobe Systems Incorporated when they released a research note on January 23rd, 2018, but they now have set a price target of $225, which is an increase from the previous $220. 54,488 shares valued at $10.21M were sold by GARRETT MARK on Tuesday, February 6.

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In other Adobe Systems news, EVP Michael A. Dillon sold 18,079 shares of the stock in a transaction on Monday, February 5th. Korea Corp has invested 0.42% in Adobe Systems Incorporated (NASDAQ:ADBE). NARAYEN SHANTANU sold $32.66 million worth of stock or 165,023 shares. $199,520 worth of stock was bought by Banse Amy on Monday, December 18.

Adobe Systems Incorporated was covered by a number of analysts recently, 13 rated the stock as Buy, 11 rated Outperform, 8 rated Hold, 0 gave an Underperform and 0 rated sell. The stock price of ADBE is moving up from its 20 days moving average with 0.87% and isolated positively from 50 days moving average with 6.43%. Sportsmans Warehouse had 24 analyst reports since August 28, 2015 according to SRatingsIntel. Adobe Systems presently has a consensus rating of "Buy" and an average price target of $198.15. The company was maintained on Sunday, September 3 by RBC Capital Markets. On Wednesday, January 24 Morris Donna sold $5.81M worth of Adobe Systems Incorporated (NASDAQ:ADBE) or 29,404 shares. The company was maintained on Wednesday, September 21 by Pacific Crest. 1,953 shares were sold by Lewnes Ann, worth $297,032. On Wednesday, September 2 the stock rating was upgraded by Vetr to "Strong-Buy". The rating was maintained by Stephens on Tuesday, January 2 with "Buy". Wunderlich maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Friday, December 11 with "Hold" rating.

Investors sentiment increased to 1.11 in 2017 Q3. Its up 0.01, from 1.1 in 2017Q2. During the same quarter in the prior year, the business posted $0.90 earnings per share. sell-side analysts forecast that Adobe Systems Incorporated will post 5.12 EPS for the current year. Minnesota-based Stonebridge Cap Advsr Lc has invested 0.2% in Adobe Systems Incorporated (NASDAQ:ADBE). Ally owns 7,000 shares. Pictet Asset Ltd reported 249,441 shares or 0.11% of all its holdings. Pub Sector Pension Board stated it has 0.04% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Vigilant Capital Ltd Com has invested 2.24% in Apple Inc. Apg Asset Nv accumulated 651,382 shares or 0.16% of the stock. Moreover, Fred Alger Mgmt has 0.75% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Congress Asset Mngmt Ma accumulated 512,968 shares. Barclays Capital downgraded the shares of RXN in report on Monday, October 5 to "Equal-Weight" rating. Tower Bridge Advsrs holds 4,000 shares. Public Employees Retirement System of OH now owns 348,840 shares of the software company's stock valued at $61,131,000 after purchasing an additional 3,301 shares in the last quarter. Therefore 66% are positive. Sherwin-Williams Company had 64 analyst reports since July 22, 2015 according to SRatingsIntel. Susquehanna maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Wednesday, October 7. S&P Research maintained it with "Hold" rating and $150 target in Friday, September 11 report. Point72 Asia (Hong Kong) reported 845 shares. On Wednesday, March 9 the stock rating was maintained by Goldman Sachs with "Neutral". The firm has "Buy" rating given on Wednesday, January 10 by Guggenheim. The company was initiated on Thursday, March 31 by Canaccord Genuity. The firm has "Overweight" rating given on Friday, December 11 by KeyBanc Capital Markets. On Tuesday, June 13 the stock rating was upgraded by Longbow to "Buy".

Investors sentiment decreased to 0.99 in Q3 2017. Its up 0.05, from 1.48 in 2017Q2. WFG Advisors LP lifted its holdings in shares of Adobe Systems by 5.9% during the second quarter. 80 funds opened positions while 247 raised stakes. Investors who are keeping close eye on the stock of People's United Financial, Inc. Natixis, France-based fund reported 3,767 shares. Creative Planning reported 26,263 shares. First Tru L P holds 0.02% or 336,620 shares. Company insiders own 0.38% of the company's stock. Accredited Investors owns 1,556 shares. Martin Incorporated Tn has 12,257 shares for 0.74% of their portfolio. Aviva Plc has invested 3.12% of its portfolio in Apple Inc. The 43221 consensus earnings estimates for the company have stabilized at US$1.51 per share. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. Peapack Gladstone Finance Corp holds 19,797 shares or 0.17% of its portfolio. (NASDAQ:AAPL). Daiwa Sb Invests owns 69,000 shares for 2.72% of their portfolio.


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