Stock in Review: Adobe Systems Incorporated (NASDAQ:ADBE)
Stock in Review: Adobe Systems Incorporated (NASDAQ:ADBE)
06 December, 2017, 02:34
The Crescent Park Management Lp holds 989,642 shares with $42.55 million value, up from 948,770 last quarter. Eight analysts have made estimates for Adobe Systems' earnings.
Looking into last 5 trades, the stock observed a return of nearly -2.68%. About 1.92M shares traded. After $0.90 actual EPS reported by Adobe Systems Incorporated for the previous quarter, Wall Street now forecasts 6.67% EPS growth. It has outperformed by 25.59% the S&P500.The move comes after 8 months negative chart setup for the $84.20B company. With these types of results to display analysts, are more optimistic than before, leading 6 of analysts who cover GW Pharmaceuticals plc (NASDAQ:GWPH) advice their clients to include it in their buy candidate list. (NYSE:SXI), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 44% are positive. On Monday, June 27 the stock rating was maintained by Jefferies with "Hold". The firm has "Buy" rating given on Tuesday, October 24 by SunTrust. The stock has a market capitalization of $88,493.13, a PE ratio of 54.07, a PEG ratio of 2.27 and a beta of 1.05. Acrospire Investment Management LLC now owns 1,000 shares of the software company's stock worth $141,000 after acquiring an additional 500 shares in the last quarter. Argus Research has "Buy" rating and $127 target. The company presently has an average rating of "Buy" and a consensus target price of $176.50. The rating was downgraded by UBS on Monday, March 28 to "Neutral". As per Tuesday, June 20, the company rating was maintained by Canaccord Genuity. As per Wednesday, February 8, the company rating was maintained by RBC Capital Markets.
Short interest or otherwise called the percentage of a stock's tradable shares now being shorted is another data that investors use to get a handle on sentiment. The software company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.09. Lewnes Ann sold 2,233 shares worth $311,035. 108 funds opened positions while 386 raised stakes. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has "Overweight" rating given on Wednesday, October 14 by Atlantic Securities. Amer Gp holds 0.11% or 222,539 shares. Howe And Rusling Inc holds 0% or 58 shares. Ftb reported 16,927 shares. Following the completion of the transaction, the executive vice president now directly owns 52,450 shares in the company, valued at $9,503,415.50. Gulf Intll Bank (Uk) Ltd invested in 0.31% or 154,034 shares. South Texas Money Ltd accumulated 369,566 shares. 13,459 were accumulated by Holderness. Bnp Paribas Asset holds 168,415 shares. The institutional investor held 40,930 shares of the precious metals company at the end of 2017Q2, valued at $2.96M, up from 25,288 at the end of the previous reported quarter. Westfield Capital Mngmt LP holds 683,707 shares or 0.82% of its portfolio. Hudson Bay Cap L P invested 0.03% of its portfolio in Malibu Boats, Inc. It also increased its holding in Apple Inc (NASDAQ:AAPL) by 22,284 shares in the quarter, for a total of 411,224 shares, and has risen its stake in Alibaba Group Hldg Ltd (NYSE:BABA). It also upped Amc Networks Inc (NASDAQ:AMCX) stake by 52,700 shares and now owns 885,185 shares. Barclays Bk Plc was raised too.
Since June 14, 2017, it had 0 insider purchases, and 1 sale for $311,035 activity.
Investors sentiment increased to 1.1 in 2017 Q2. Its down 0.16, from 1.04 in 2017Q1. It increased, as 49 investors sold ADBE shares while 326 reduced holdings.
Other hedge funds also recently added to or reduced their stakes in the company. Voya Mgmt Limited reported 1.50 million shares. Piedmont Investment Limited Liability Co reported 2,756 shares. Menta Capital Ltd, California-based fund reported 21,451 shares. Reliance Of Delaware has 0.16% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 7,457 shares.
Many value investors look for stocks with a high percent of insider ownership, under the theory that when management are shareholders, they will act in its own self interest, and create shareholder value in the long-term. Vetr raised shares of Adobe Systems from a "buy" rating to a "strong-buy" rating and set a $198.52 target price on the stock in a research report on Tuesday. The Oklahoma-based Prescott Group Inc Cap Mgmt Limited Company has invested 0.06% in Adobe Systems Incorporated (NASDAQ:ADBE). State Treasurer State Of Michigan invested in 0.81% or 754,853 shares. BARING ASSET MANAGEMENT Ltd boosted its stake in shares of Adobe Systems by 12.0% during the 2nd quarter. Hutchin Hill Capital Limited Partnership accumulated 33,000 shares. Exane Derivatives reported 0% stake. C M Bidwell Associates reported 0.04% in Adobe Systems Incorporated (NASDAQ:ADBE). Therefore 92% are positive. Adobe Systems had 125 analyst reports since August 11, 2015 according to SRatingsIntel. Robert W. Baird maintained it with "Buy" rating and $160.0 target in Thursday, August 31 report. Moreover, Mitchell Mcleod Pugh And Williams Inc has 1.38% invested in Adobe Systems Incorporated (NASDAQ:ADBE). The rating was maintained by Citigroup with "Buy" on Wednesday, September 21. The company was maintained on Monday, October 23 by Morgan Stanley. Wunderlich upgraded the stock to "Buy" rating in Friday, March 17 report. Pivotal Research maintained the shares of ADBE in report on Friday, December 11 with "Buy" rating. The mean rating score for this stock is at 2.00. KeyBanc Capital Markets maintained the shares of ADBE in report on Tuesday, September 26 with "Buy" rating. State Street Corp now owns 19,516,573 shares of the software company's stock valued at $2,539,679,000 after buying an additional 234,270 shares in the last quarter.
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EMR's profit will be $340.16 million for 30.51 P/E if the $0.53 EPS becomes a reality. 6,900 are held by Prelude Capital Ltd. JP Morgan Cazenove's price target suggests a potential upside of 17.11% from the company's current stock price.