Adobe Systems (ADBE) PT Raised to $210.00

The hedge fund run by David Simon held 245,460 shares of the consumer services company at the end of 2017Q3, valued at $5.96 million, up from 137,740 at the end of the previous reported quarter. The stock closed maximum at $186.97 over the 52 weeks but is now -0.14% away from that point. About 906,186 shares traded. Luxfer Holdings PLC (NYSE:LXFR) has risen 2.36% since January 9, 2017 and is uptrending. It has underperformed by 16.70% the S&P500.

Torray Llc decreased Adobe Systems (ADBE) stake by 5.13% reported in 2017Q3 SEC filing. The institutional investor held 151 shares of the prepackaged software company at the end of 2017Q3, valued at $22.53 million, down from 394,194 at the end of the previous reported quarter. Coastline Trust Co who had been investing in Adobe Sys Inc for a number of months, seems to be less bullish one the $91.66 billion market cap company.

The stock decreased 0.42% or $0.775 during the last trading session, reaching $185.925. About 40,150 shares traded.

PRIMECAP MANAGEMENT CO/CA/ lowered its stake in Adobe Systems Incorporated (NASDAQ:ADBE) by 2.92% during the September 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. It has outperformed by 25.59% the S&P500. Eight analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. Therefore 50% are positive. Howard Hughes had 11 analyst reports since August 14, 2015 according to SRatingsIntel. The stock presently has an average rating of Buy and a consensus target price of $187.06. BMO Capital Markets maintained Ally Financial Inc. The stock of The Procter & Gamble Company (NYSE:PG) has "Neutral" rating given on Wednesday, January 27 by UBS. Dougherty & Company initiated the shares of ADBE in report on Thursday, January 14 with "Buy" rating. The brokerage now has an outperform rating on the software company's stock. (NYSE:GIS) on Thursday, June 30 with "Outperform" rating. Coombe Gary A sold $154,168 worth of stock. The company was maintained on Wednesday, November 15 by Bernstein. Barclays Capital downgraded Merck & Co., Inc. It also reduced its holding in Seagate Technology (NASDAQ:STX) by 42,380 shares in the quarter, leaving it with 20,260 shares, and cut its stake in Amc Networks Inc (NASDAQ:AMCX).

Investors sentiment increased to 0.88 in 2017 Q3. Its down 0.06, from 2.36 in 2017Q2. 110 funds opened positions while 558 raised stakes. Moreover, Thomas J. Herzfeld Advisors Inc. has 0.18% invested in the company for 24,766 shares. Clean Yield Group now owns 1,130 shares of the software company's stock valued at $123,000 after buying an additional 280 shares during the last quarter. Bluemountain Capital Mngmt reported 31,694 shares or 0.1% of all its holdings. BARING ASSET MANAGEMENT Ltd now owns 26,699 shares of the software company's stock worth $3,776,000 after purchasing an additional 2,864 shares in the last quarter. Pettyjohn Wood White holds 0.78% or 53,618 shares. Edmp has 25,005 shares. (NYSE:T) to report earnings on January, 24. Vanguard Group Inc. now owns 33,998,738 shares of the software company's stock valued at $4,808,783,000 after purchasing an additional 943,487 shares in the last quarter. Meyer Handelman owns 3% invested in The Procter & Gamble Company (NYSE:PG) for 721,696 shares. Kbc Group Nv owns 314,519 shares or 0.43% of their United States portfolio. Cornerstone Advsrs invested in 0.02% or 576 shares. With 2.01M shares average volume, it will take short sellers 3 days to cover their ADBE's short positions. Liberty Mutual Grp Incorporated Asset Incorporated holds 21,985 shares.

More news: Panthers will apparently claim a knee injury caused Cam Newton to stumble
More news: Gamer, 28, kills mom after blaming her for broken headset, police say
More news: What do Insider Trends Have to Say About Verizon Communications Inc. (VZ)?

Since August 9, 2017, it had 1 buying transaction, and 6 selling transactions for $2.59 million activity. Following the completion of the transaction, the director now owns 12,375 shares in the company, valued at approximately $2,170,451.25.

In other Adobe Systems news, VP Richard Rowley sold 1,348 shares of the firm's stock in a transaction dated Friday, January 6th.

Investors sentiment decreased to 1.06 in Q3 2017. Its up 0.01, from 1.1 in 2017Q2. It increased, as 42 investors sold Adobe Systems Incorporated shares while 327 reduced holdings.

Hedge funds have recently made changes to their positions in the business. The NASDAQ-listed company saw a recent bid of $186.70 on volume of 1.8 million shares. Federated Pa has invested 0.06% in Adobe Systems Incorporated (NASDAQ:ADBE). Tradewinds Limited Liability Corp reported 400 shares stake. Arizona-based Papp L Roy & Associate has invested 0.46% in Adobe Systems Incorporated (NASDAQ:ADBE). Rmb Management Lc reported 1,643 shares. Capital Advisors Ltd. LLC acquired a new stake in Adobe Systems during the 2nd quarter worth about $100,000. Ajo LP has 0.14% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 216,103 shares. Aureus Asset Mngmt Ltd Co reported 0.04% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE).

Adobe Systems (NASDAQ:ADBE) last posted its quarterly earnings results on Thursday, December 14th. (NYSE:GIS). Archford Capital Strategies Ltd Llc holds 0.34% or 17,270 shares. D E Shaw & Commerce Incorporated has invested 0% in Sanchez Energy Corporation (NYSE:SN). (NYSE:MRK). Ingalls & Snyder Lc reported 355,250 shares. Omers Administration Corp has invested 0.04% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). It also increased its holding in Nvr Inc. (NYSE:T) or 146,324 shares. Credit Suisse Ag has invested 0.15% in Adobe Systems Incorporated (NASDAQ:ADBE). They expect $1.06 earnings per share, up 35.90% or $0.28 from last year's $0.78 per share. ADBE's profit will be $522.52M for 43.86 P/E if the $1.06 EPS becomes a reality. Aviva PLC lifted its stake in Adobe Systems by 0.4% in the 2nd quarter. Banse Amy bought $199,520 worth of Adobe Systems Incorporated (NASDAQ:ADBE) on Monday, December 18. Therefore 58% are positive. Adobe Systems had 134 analyst reports since August 11, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with "Buy" rating in Sunday, July 30 report. The stock of The Howard Hughes Corporation (NYSE:HHC) earned "Buy" rating by Citigroup on Wednesday, August 10. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned "Buy" rating by Argus Research on Wednesday, October 25. The stock has "Buy" rating by Pivotal Research on Wednesday, September 21. Northland Capital maintained Sanchez Energy Corporation (NYSE:SN) on Monday, December 11 with "Buy" rating. As per Monday, July 18, the company rating was downgraded by BMO Capital Markets. The rating was maintained by Stifel Nicolaus on Friday, September 1 with "Hold".

Related Articles

  • Labour unions rally at Tim Hortons locations over minimum wage response

    Labour unions rally at Tim Hortons locations over minimum wage response

    And an Ottawa union is starting a hotline for employees in the province to tell their stories about what is happening to them. Shorter term employees will have to pay 75 percent of the cost of these benefits if they wish to continue to receive them.
    Intel and Micron end flash partnership

    Intel and Micron end flash partnership

    IM Flash Technologies, LLC (IMFT) was formed by Intel and Micron 12 years ago as a joint venture for NAND flash manufacturing. This company shares are -74.84% up from its target price of $15.46 and the current market capitalization stands at $32.72B.

    Southwest Airlines reports December traffic

    The airline reported $0.75 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.70 by $0.05. Evercore Wealth Mngmt Limited Liability has invested 0% of its portfolio in Plains All American Pipeline, L.P. (NYSE:PAA).
  • Kagiso Rabada again at the top of the ICC Test rankings

    Kagiso Rabada again at the top of the ICC Test rankings

    Usman Khawaja, Shaun Marsh and Mitchell Marsh have all achieved career-best rankings due to their centuries in the Sydney Test.
    Spanish LaLiga Starting XI: Real Madrid v Villarreal

    Spanish LaLiga Starting XI: Real Madrid v Villarreal

    Zidane's side's Champions League spot for next season is looking perilous - they now sit only one point above Villarreal , who move up to fifth.
    Wales in for Giggs

    Wales in for Giggs

    Chris Coleman has taken a swipe at Mark Bowen as his former team-mate attempts to succeed him as Wales manager. The 54-year-old from Neath has been Hughes' assistant at various Premier League clubs and with Wales.
  • Q3 2017 Sentiment Mcdonalds Corp (NYSE:MCD)

    Inca Investments Llc decreased its stake in Galicia (GGAL) by 15.49% based on its latest 2017Q3 regulatory filing with the SEC. Nine research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company's stock.
    National Youth Festival 2018: PM Modi Says Youngsters Should Become Job Creators

    National Youth Festival 2018: PM Modi Says Youngsters Should Become Job Creators

    The festival is organised by the Ministry of Youth Affairs and Sports in collaboration with the Uttar Pradesh government. He suggested the youth to develop with the inspiration of Swami Vivekananda and concentrate on the sports.
    US, Korea to Postpone War Games

    US, Korea to Postpone War Games

    During the annual address, Kim also expressed a desire for a peaceful resolution to the decades-old conflict with South Korea. Yet, South Korean officials hope this could pave way for future talks, which could include easing tension in the region.
  • Dark Souls Remastered: No HDR on PS4 Pro

    In any case, Dark Souls: Remastered will land on Xbox One, PS4, and PC the same day it launches on the Switch: May 25, 2018. As a long-time Dark Souls player, I'd say that Dark Souls is so much more than the above quote provided by Bandai Namco.
    Spartak Moscow embroiled in fresh racism storm after Twitter post

    Spartak Moscow embroiled in fresh racism storm after Twitter post

    Russian Federation has pledged to crack down on racism as the country faces increased scrutiny ahead of this year's World Cup. It is not the first time this season Spartak have found themselves at the centre of racism claims.
    Dark Souls: Remastered On PS4 Pro Will Not Feature HDR Lighting

    Dark Souls: Remastered On PS4 Pro Will Not Feature HDR Lighting

    Would you like to see the entire Dark Souls series on the Switch? Dark Souls: Remastered launches on Steam on May 25. A few hours later it will be announced that Dark Souls Remastered is also coming to PS4, Xbox One and PC.