Adobe Systems (NASDAQ:ADBE) Downgraded by Vetr

The company had a trading volume of 4,246,029 shares, compared to its average volume of 2,331,611.

Adobe Systems (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, December 14th. It has outperformed by 25.59% the S&P500.

Northstar Asset Management Llc increased its stake in Celgene Corporation (CELG) by 125.99% based on its latest 2017Q3 regulatory filing with the SEC. BB&T Investment Services Inc. now owns 923 shares of the software company's stock valued at $138,000 after acquiring an additional 275 shares during the period. Crestwood Capital Management Lp who had been investing in Adobe Sys Inc for a number of months, seems to be bullish on the $95.80 billion market cap company. The stock increased 1.05% or $0.39 during the last trading session, reaching $37.69. Of Vermont holds 0.04% or 2,649 shares. Celgene Corporation (NASDAQ:CELG) has risen 17.00% since January 12, 2017 and is uptrending. It has underperformed by 6.87% the S&P500.

Investors sentiment increased to 1.11 in Q3 2017. Its down 0.40, from 1.41 in 2017Q2. It is positive, as 42 investors sold ADBE shares while 327 reduced holdings. 97 funds opened positions while 312 raised stakes. The software company reported $0.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.04. The fund owned 110,363 shares of the software company's stock after selling 11,606 shares during the quarter. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since January 12, 2017 and is uptrending. Charles Geschke today possess 0.03% of the company's total market cap with ownership of 172,024 shares. They expect $0.43 EPS, up 4,400.00% or $0.44 from last year's $-0.01 per share. People s United Financial Inc. increased its stake in Adobe Systems by 0.3% in the 2nd quarter. Nomura Asset Mngmt Com holds 291,766 shares.

Adobe Systems Incorporated (NASDAQ:ADBE) Director Amy Banse bought 1,125 shares of the business's stock in a transaction dated Monday, December 18th. During the same quarter last year, the business posted $0.90 EPS. sell-side analysts expect that Adobe Systems Incorporated will post 4.58 earnings per share for the current fiscal year. 46,352 were reported by Stephens Ar. Zeke Capital Limited Liability Company holds 13,135 shares. Of Toledo Na Oh reported 1,800 shares. Walthausen & Co. Llc, a New York-based fund reported 94,212 shares. 24,800 are held by Omers Administration Corp. Mufg Americas has invested 0.28% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE).


Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 29 have Buy rating, 0 Sell and 9 Hold. Therefore 83% are positive. EOG Resources had 111 analyst reports since July 22, 2015 according to SRatingsIntel. As per Friday, March 17, the company rating was upgraded by Wunderlich. Guggenheim maintained it with "Buy" rating and $212.0 target in Wednesday, January 10 report. The rating was maintained by RBC Capital Markets with "Outperform" on Wednesday, February 8. As per Friday, August 25, the company rating was maintained by Jefferies. Shamrock Asset Mgmt Limited Liability has 0.28% invested in The PNC Financial Services Group, Inc. The firm earned "Buy" rating on Thursday, October 19 by Cowen & Co. Zacks Investment Research lowered Adobe Systems from a "hold" rating to a "sell" rating in a report on Thursday, September 14th. The company now has an average rating of Buy and a consensus price target of $116.44. RBC Capital Markets maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Friday, December 15.

Since August 9, 2017, it had 1 insider buy, and 7 sales for $6.56 million activity. Shares for $1.18 million were sold by WARNOCK JOHN E. Connors Investor Ser reported 1.29% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). In the last ninety days, insiders sold 402,890 shares of company stock worth $45,138,298.

Investors sentiment decreased to 0.82 in 2017 Q3. Its up 0.01, from 1.1 in 2017Q2. 133 funds opened positions while 451 raised stakes. 511.08 million shares or 0.43% more from 508.92 million shares in 2017Q2 were reported. Fayez Sarofim And has invested 0% in Invesco Ltd. (NYSE:IVZ). Long Road Investment Counsel Ltd Liability Com accumulated 6,900 shares. Boys Arnold & reported 0.53% stake. Heritage Invsts Mgmt Corp holds 301,886 shares or 1.36% of its portfolio. Washington Capital Mgmt Inc stated it has 0.37% in Invesco Ltd. (NYSE:IVZ). Swiss National Bank & Trust holds 0.26% or 2.67M shares. Cullen Frost Bankers has invested 0.9% in Celgene Corporation (NASDAQ:CELG). Nelson Roberts Inv Advsrs Ltd Liability Company accumulated 0.05% or 1,090 shares. Out of 5 Wall Street analysts rating BNY Mellon, 2 give it "Buy", 0 "Sell" rating, while 3 recommend "Hold". After $0.42 actual EPS reported by Schlumberger Limited for the previous quarter, Wall Street now forecasts 7.14% EPS growth. Icon Advisers stated it has 32,580 shares or 0.34% of all its holdings. Susquehanna International Gp Inc Llp reported 483,836 shares stake.

Among 17 analysts covering Invesco (NYSE:IVZ), 11 have Buy rating, 0 Sell and 6 Hold. Therefore 85% are positive. The stock of American River Bankshares (NASDAQ:AMRB) has "Mkt Perform" rating given on Friday, December 16 by Raymond James. The rating was initiated by BMO Capital Markets on Thursday, January 5 with "Outperform". The firm has "Neutral" rating by Goldman Sachs given on Wednesday, September 21. Buckingham Research downgraded The Bank of New York Mellon Corporation (NYSE:BK) on Monday, November 21 to "Neutral" rating. The stock has "Overweight" rating by KeyBanc Capital Markets on Wednesday, November 22. On Monday, September 4 the stock rating was maintained by Peel Hunt with "Add". The company now has a consensus rating of "Buy" and an average target price of $187.06.

More notable recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Seekingalpha.com which released: "Adobe: Strong Finish To 2017" on December 16, 2017, also Investorplace.com with their article: "Why You Should Let It Ride with Adobe Systems Incorporated Stock" published on December 27, 2017, Investorplace.com published: "How Investors Need to Approach Adobe Systems Incorporated" on December 14, 2017.

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