Published: Mon, April 30, 2018
Industry | By Dora Warner

Adobe Systems (ADBE) Lifted to Buy at ValuEngine


The institutional investor held 212,078 shares of the prepackaged software company at the end of 2017Q4, valued at $18.14 million, up from 189,558 at the end of the previous reported quarter. Lone Pine Capital Llc who had been investing in Adobe Sys Inc for a number of months, seems to be bullish on the $109.28B market cap company. The stock appeared $119.00 above its 52-week highs and is up 2.26% for the last five trades. About 7.42M shares traded or 149.20% up from the average. Ipswich Mgmt Inc has invested 0.12% in Adobe Systems Incorporated (NASDAQ:ADBE).

Natixis increased its stake in 3M Co (MMM) by 53.57% based on its latest 2017Q4 regulatory filing with the SEC. This company shares are -2.22% up from its target price of $41.45 and the current market capitalization stands at $4.1B. Dimensional Fund Advisors LP now owns 775,496 shares of the software company's stock worth $115,678,000 after purchasing an additional 3,880 shares in the last quarter. The company has a market cap of $141.3 Billion. About 402,851 shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 66.71% since April 28, 2017 and is uptrending. It has outperformed by 25.81% the S&P500. Department Mb National Bank N A stated it has 55,137 shares or 1.01% of all its holdings.

Investors sentiment decreased to 0.89 in Q4 2017. To get more accurate idea of the relative valuation of a company, we need to consider the P/E ratio in conjunction with the future earnings per share growth rate. Dimensional Fund Advisors LP boosted its stake in Adobe Systems by 0.5% in the 3rd quarter. The overall volume in the last trading session was 2.79 million shares. Fayez Sarofim stated it has 0.06% in 3M Company (NYSE:MMM). Barnett owns 0.03% invested in Microsoft Corporation (NASDAQ:MSFT) for 640 shares.

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Several hedge funds have recently bought and sold shares of the stock. Brown Advisory Ltd Limited Liability Company holds 5,001 shs or 0.17% of its capital. Hilltop Holdg holds 0.36% of its portfolio in 3M Company (NYSE:MMM) for 6,697 shares. Prudential Fincl Inc holds 1.94 million shares or 0.46% of its portfolio. Nuwave Inv Management Ltd Liability Co has 0.03% invested in Moody's Corporation (NYSE:MCO). Rathbone Brothers Public Ltd holds 1.65% or 231,590 shares. Rosenblum Silverman Sutton S F Ca holds 1,415 shares. Ferguson Wellman Capital Inc reported 122,686 shares. Riverhead Capital Mngmt Ltd Company holds 98,853 shares. First Bancorp Of Hutchinson holds 0.41% or 3,956 shs in its capital. Marshall Wace Llp owns 14,242 shares. Workspace Group plc (LON:WKP) has 0.00% since April 27, 2017 and is.

Mark Asset Management Corp, which manages about $461.09M and $399.06 million US Long portfolio, decreased its stake in Comcast Corp Cl (NASDAQ:CMCSA) by 15,894 shares to 10,159 shares, valued at $407,000 in 2017Q4, according to the filing. The shares were sold at an average price of $103.47, for a total value of $2,783,239.53. Shares for $808 were sold by Fauber Robert. GESCHKE CHARLES M sold 21,276 shares worth $3.97M. The shares were sold at an average price of $197.62, for a total transaction of $5,810,818.48. 500 shares were sold by Duffie Darrell, worth $80,480. Analysts have a mean recommendation of 2.10 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Therefore 47% are positive.

Analysts await Adobe Systems Incorporated (NASDAQ:ADBE) to report earnings on June, 19. The stock has "Underweight" rating by Piper Jaffray on Wednesday, September 9. The company was maintained on Thursday, October 26 by Jefferies. The firm has "Outperform" rating given on Friday, December 11 by RBC Capital Markets. As per Tuesday, January 23, the company rating was maintained by Canaccord Genuity. On Friday, November 10 the rating was maintained by Stifel Nicolaus with "Buy". The rating was maintained by Maxim Group on Friday, August 11 with "Buy". On Wednesday, December 20 the stock rating was maintained by Oppenheimer with "Buy". JP Morgan upgraded the shares of JNJ in report on Monday, May 15 to "Overweight" rating. The rating was maintained by Cowen & Co on Thursday, October 19 with "Buy".

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Since December 13, 2017, it had 1 insider purchase, and 16 selling transactions for $87.08 million activity. NARAYEN SHANTANU sold $32.66M worth of Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, January 24. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell. Lord Abbett And Lc owns 0.09% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 185,077 shares. $3.03M worth of stock was sold by WARNOCK JOHN E on Thursday, March 29. Chevy Chase Trust Incorporated has invested 0.33% in Adobe Systems Incorporated (NASDAQ:ADBE). During the same quarter a year ago, the firm earned ($0.43) EPS.

First Long Island Investors Llc decreased Adobe Sys Inc Com (ADBE) stake by 4.18% reported in 2017Q4 SEC filing. Therefore 44% are positive. Adobe Systems has a 12-month low of $71.27 and a 12-month high of $110.13. The firm earned "Buy" rating on Monday, December 7 by Deutsche Bank. The rating was maintained by Goldman Sachs with "Neutral" on Friday, March 18. $680,503 worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by Lewnes Ann. Shares for $10.16 million were sold by THOMPSON MATTHEW on Friday, January 26. On Wednesday, November 4 the stock rating was downgraded by RBC Capital Markets to "Underperform". Argus raised their target price on Adobe Systems from $195.00 to $234.00 and gave the stock a "buy" rating in a research report on Tuesday, January 30th. BMO Capital Markets has "Buy" rating and $165.0 target. UBS maintained Microsoft Corporation (NASDAQ:MSFT) on Friday, July 21 with "Buy" rating. The firm has "Underperform" rating given on Tuesday, May 10 by RBC Capital Markets. The rating was maintained by Credit Suisse on Monday, February 22 with "Outperform".

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