November 25, 2016 - By Nellie Frank · 0 Comments
Adobe Systems Inc (NASDAQ:ADBE) institutional sentiment increased to 1.15 in 2016 Q2. Its up 0.15, from 1 in 2016Q1. The ratio is better, as 328 investment managers increased and started new equity positions, while 328 sold and reduced their holdings in Adobe Systems Inc. The investment managers in our partner’s database now hold: 421.89 million shares, down from 442.13 million shares in 2016Q1. Also, the number of investment managers holding Adobe Systems Inc in their top 10 equity positions decreased from 41 to 34 for a decrease of 7. Sold All: 65 Reduced: 263 Increased: 257 New Position: 71.
Adobe Systems Incorporated is a software company. The company has a market cap of $51.48 billion. The Firm offers services and products used by professionals, marketers, knowledge workers, application developers, enterprises and clients for creating, managing, delivering, measuring, optimizing and engaging with compelling content and experiences. It has a 53.25 P/E ratio. It operates through three divisions: Digital Media, Digital Marketing, and Print and Publishing.
About 276,029 shares traded hands. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 9.94% since April 22, 2016 and is uptrending. It has outperformed by 4.53% the S&P500.
Analysts await Adobe Systems Incorporated (NASDAQ:ADBE) to report earnings on December, 8. They expect $0.72 EPS, up 53.19% or $0.25 from last year’s $0.47 per share. ADBE’s profit will be $354.63 million for 36.30 P/E if the $0.72 EPS becomes a reality. After $0.60 actual EPS reported by Adobe Systems Incorporated for the previous quarter, Wall Street now forecasts 20.00% EPS growth.
According to Zacks Investment Research, “Adobe Systems Incorporated is a provider of graphic design, publishing, and imaging software for Web and print production. It offers a market-leading line of application software products for creating, distributing, and managing information of all types. The company license its industry-standard technologies to major hardware manufacturers, software developers, and service providers, and offer integrated software solutions to businesses of all sizes.”
Glade Brook Capital Partners Llc holds 37.26% of its portfolio in Adobe Systems Incorporated for 482,924 shares. Family Capital Trust Co owns 570,546 shares or 32.4% of their US portfolio. Moreover, Shearlink Capital Llc has 8.63% invested in the company for 207,071 shares. The New York-based Ao Asset Management Llc has invested 7.74% in the stock. Junto Capital Management Lp, a New York-based fund reported 502,000 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 18 selling transactions for $19.59 million net activity.
Ratings analysis reveals 77% of Adobe Systems’s analysts are positive. Out of 31 Wall Street analysts rating Adobe Systems, 24 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $70 while the high is $130. The stock’s average target of $109.22 is 4.49% above today’s ($104.53) share price. ADBE was included in 62 notes of analysts from August 11, 2015. The rating was maintained by FBR Capital on Wednesday, October 7 with “Mkt Perform”. The company was maintained on Friday, December 11 by RBC Capital Markets. As per Friday, March 18, the company rating was maintained by Goldman Sachs. The firm has “Buy” rating given on Friday, September 23 by Argus Research. RBC Capital Markets upgraded the shares of ADBE in a report on Tuesday, August 11 to “Sector Perform” rating. Pacific Crest maintained the stock with “Overweight” rating in Wednesday, September 21 report. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Buy” rating by UBS on Wednesday, June 22. The rating was reinitiated by Credit Suisse with “Neutral” on Thursday, April 21. RBC Capital Markets maintained the shares of ADBE in a report on Friday, March 18 with “Outperform” rating. As per Monday, December 14, the company rating was maintained by Argus Research.
Adobe Systems Incorporated, incorporated on May 9, 1997, is a software company. The Firm offers a line of services and products used by professionals, marketers, knowledge workers, application developers, enterprises and clients for creating, managing, delivering, measuring, optimizing and engaging with compelling content and experiences across multiple operating systems, devices and media. The Firm operates through three divisions: Digital Media, Digital Marketing, and Print and Publishing. The Firm markets and licenses its services and products directly to enterprise clients through its sales force and to end users through application stores and its own Website at www.adobe.com. It offers various products through a software-as-a-service (SaaS) model or a managed services model (both of which are referred to as a hosted or cloud model), as well as through term subscription and pay-per-use models.
Another recent and important Adobe Systems Incorporated (NASDAQ:ADBE) news was published by Investorplace.com which published an article titled: “TUBE, ADBE: TubeMogul Inc Shares Skyrocket on Adobe Systems Incorporated Deal” on November 10, 2016.
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By Nellie Frank