Tech

Adobe Systems (NASDAQ:ADBE) PT Raised to $235.00

Adobe Systems (NASDAQ:ADBE) PT Raised to $235.00

Valley National Advisers Inc sold 1,202 shares as the company's stock rose 26.87% with the market. The hedge fund held 833,213 shares of the auto manufacturing company at the end of 2017Q3, valued at $9.97M, up from 506,037 at the end of the previous reported quarter. Zevenbergen Capital Investments Llc who had been investing in 2U Inc. for a number of months, seems to be bullish on the $4.63B market cap company. The stock increased 3.24% or $1.1 during the last trading session, reaching $35. About 9.72 million shares traded or 43.70% up from the average. It has outperformed by 15.39% the S&P500.

Sandhill Capital Partners Llc increased its stake in Adobe Sys Inc Com (ADBE) by 1.67% based on its latest 2017Q3 regulatory filing with the SEC. Coastline Trust Co sold 5,390 shares as Adobe Sys Inc (ADBE)'s stock rose 14.01%. The software company reported $1.26 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.16 by $0.10. The stock increased 2.07% or $4.47 during the last trading session, reaching $220.87. Cibc Bank USA bought a new position in shares of Adobe Systems during the 4th quarter worth $202,000.

Adobe Systems (NASDAQ:ADBE) had its target price hoisted by Royal Bank of Canada to $235.00 in a research report report published on Wednesday, February 28th. It has outperformed by 25.59% the S&P500. Hillsdale Inv Management Inc reported 0.05% in Adobe Systems Incorporated (NASDAQ:ADBE). Us Savings Bank De owns 757 shares or 0% of their US portfolio. ADBE's profit will be $601.87M for 45.21 P/E if the $1.22 EPS becomes a reality.

Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 29 have Buy rating, 0 Sell and 9 Hold. Therefore 60% are positive. Adobe Systems had 140 analyst reports since August 11, 2015 according to SRatingsIntel. Pivotal Research maintained the stock with "Buy" rating in Wednesday, September 21 report. Finally, BidaskClub lowered shares of Adobe Systems from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, December 6th. The rating was maintained by Cowen & Co on Friday, August 5 with "Outperform". Dougherty & Company initiated the stock with "Buy" rating in Thursday, January 14 report. The company was maintained on Wednesday, September 20 by Wells Fargo. Zacks Investment Research upgraded shares of Adobe Systems from a "hold" rating to a "buy" rating and set a $215.00 target price on the stock in a research report on Tuesday, February 13th. The rating was maintained by BMO Capital Markets with "Buy" on Monday, June 19. The firm has "Hold" rating by Oppenheimer given on Thursday, July 20.

Since September 13, 2017, it had 1 buying transaction, and 14 sales for $79.49 million activity. Baystate Wealth Management Lc invested 0% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). As per Wednesday, October 7, the company rating was maintained by JP Morgan. A simple moving average (SMA) is an mathematical moving average calculated by adding the closing price of the security for a number of time periods and then dividing this total by the number of time periods. The insider GARRETT MARK sold $10.21M.

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Investors sentiment decreased to 0.89 in 2017 Q3. It improved, as 25 investors sold RLGY shares while 76 reduced holdings. Shares are clocking price at $216.40 with change of -0.21%. Laurion Management Limited Partnership holds 0.01% or 32,200 shares. Cleararc holds 0.47% in Union Pacific Corporation (NYSE:UNP) or 26,757 shares. Barnett And Inc stated it has 5,325 shares. Amica Mutual Insurance reported 17,512 shares stake. The fund owned 50,934 shares of the software company's stock after selling 15,498 shares during the quarter. Credit Suisse maintained XPO Logistics, Inc. Congress Asset Ma holds 1.18% or 512,968 shares. 401,762 were reported by Amp Investors. Clinton Gp has 71,415 shares for 1.17% of their portfolio. Hutchin Hill Capital LP holds 0.25% or 44,800 shares in its portfolio. Atalanta Sosnoff Cap Limited Liability Com has invested 1.73% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE).

Adobe Systems (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, December 14th. Moreover, Bp Public Limited has 0.3% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 56,000 shares.

Quantbot Technologies Lp, which manages about $581.51M and $1.04 billion US Long portfolio, decreased its stake in Booz Allen Hamilton Holdings (NYSE:BAH) by 19,165 shares to 2,825 shares, valued at $105,000 in 2017Q3, according to the filing. It also reduced its holding in Control4 Corp (NASDAQ:CTRL) by 64,121 shares in the quarter, leaving it with 252,790 shares, and cut its stake in Taiwan Semiconductor (NYSE:TSM). BMO Capital Markets has "Buy" rating and $165.0 target. Therefore 30% are positive. CR Bard had 32 analyst reports since August 27, 2015 according to SRatingsIntel. The firm earned "Overweight" rating on Wednesday, August 10 by Stephens. (NYSE:XPO) on Thursday, January 11 with "Buy" rating. They just need to take the company's market capitalization and divide it by the company's total sales over the past 12 months. Thai-Tang Hau N sold $160,554 worth of stock or 15,517 shares. The insider Armstrong Steven R. sold 22,076 shares worth $273,080. $3.63 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by Rencher Bradley. BARTZ CAROL sold $7.59 million worth of stock. (NYSE:BCR) or 3,344 shares.

Investors sentiment increased to 1.11 in 2017 Q3. Its down 0.22, from 1.11 in 2017Q2. Ardsley Advisory Prtnrs invested in 0.99% or 50,000 shares. Portland Global Advisors Llc owns 19,000 shares or 0.22% of their U.S. portfolio. Arizona State Retirement Sys invested in 136,818 shares or 0.24% of the stock. Williams Jones And Associate Limited Liability holds 0.01% or 4,550 shares in its portfolio. Sequoia Advsrs Ltd Liability Corp invested in 2,595 shares or 0.05% of the stock. First Midwest Bankshares Trust Division has invested 0.37% of its portfolio in Morgan Stanley (NYSE:MS). It increased, as 72 investors sold AIG shares while 293 reduced holdings. Ontario Teachers Pension Plan Board's holdings in Adobe Systems were worth $8,926,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Bank of Stockton lifted its holdings in Adobe Systems by 4.8% in the fourth quarter. Private Tru Commerce Na, a Ohio-based fund reported 5,000 shares. Lenox Wealth Mgmt Incorporated stated it has 0.01% in XPO Logistics, Inc.

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