Adobe Systems Incorporated (ADBE) Upgraded by Vetr Inc

Doris Richards
November 15, 2017

FMR LLC raised its stake in Adobe Systems Incorporated (NASDAQ:ADBE) by 4.86% during the June 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.

Shares of Adobe Systems Inc.

The company is trading down by 0.59% percent from yesterday's close. About 251,197 shares traded.

Adobe Systems (NASDAQ:ADBE) last released its earnings results on Tuesday, September 20th.

Sometimes the stock market can be very confusing, even for the most seasoned investors. Finally, National Pension Service increased its position in shares of Adobe Systems by 4.3% in the first quarter. The stock saw a move of -0.30% during the latest trading session. (NYSE:DDE) has risen 8.57% since November 13, 2016 and is uptrending. It has underperformed by 17.65% the S&P500.

So with Adobe stock up almost 80% so far in calendar 2017 as of this writing, I think patient, long-term investors have every reason to celebrate those gains and continue looking forward to the future. Its up 0.10, from 1 in 2017Q1. The shares were sold at an average price of $174.20, for a total value of $1,184,560.00. Following the sale, the executive vice president now owns 56,356 shares of the company's stock, valued at approximately $8,784,773.28. Moreover, Deroy & Devereaux Private Counsel has 2.71% invested in Morgan Stanley (NYSE:MS) for 531,255 shares. Park Oh has invested 0.02% of its portfolio in Morgan Stanley (NYSE:MS). Huber Mngmt Ltd Liability invested 0.02% in The Coca-Cola Co (NYSE:KO). Hl Fincl Ltd Limited Liability Company has 1.58 million shares for 4.16% of their portfolio. Insight Capital Research & Mngmt holds 24,827 shares. American And Mgmt holds 2.07% or 44,584 shares in its portfolio. Maple Capital Mgmt reported 3.74% stake. If the $0.86 price target is reached, the company will be worth $2.14M less. Standard Life Invs Ltd stated it has 127,798 shares. Polen Capital Management LLC now holds 6,288,816 shares valued at $938,166,000.


Analysts await Johnson & Johnson (NYSE:JNJ) to report earnings on January, 23. Adobe Systems's revenue for the quarter was up 25.8% on a year-over-year basis. equities research analysts anticipate that Adobe Systems will post 3.46 EPS for the current year.

For the ongoing Fiscal Quarter, 30 analysts have an average earnings forecast of $1.16 per share.

Cibc World Markets Corp increased Microsoft Corp Call (Call) stake by 200,000 shares to 400,000 valued at $27.57M in 2017Q2. Arcadia Investment Management Corp MI lifted its holdings in Adobe Systems by 6.9% in the 2nd quarter. Ralph Lauren Corp Cl A (NYSE:RL) was raised too.

Among 2 analysts covering Dover Downs Gaming and Entertainment (NYSE:DDE), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 57% are positive. Sterling Construction had 12 analyst reports since August 12, 2015 according to SRatingsIntel. The firm has "Hold" rating by Oppenheimer given on Wednesday, July 19. The stock is a Buy among 25 brokerage firms polled by Factset Research. BMO Capital Markets maintained the stock with "Buy" rating in Tuesday, November 7 report. Jefferies maintained Johnson & Johnson (NYSE:JNJ) on Friday, July 14 with "Hold" rating. Canaccord Genuity has "Buy" rating and $110 target. The stock of The Coca-Cola Co (NYSE:KO) has "Hold" rating given on Monday, August 24 by Vetr. The stock of The Coca-Cola Co (NYSE:KO) earned "Hold" rating by BMO Capital Markets on Wednesday, September 6. Oppenheimer Holdings, Inc. reissued an outperform rating and set a $190.00 target price (up from $153.00) on shares of Adobe Systems in a research report on Thursday, October 19th. The stock presently has an average rating of "Buy" and an average target price of $112.88. The institutional investor owned 41,102 shares of the software company's stock after buying an additional 1,667 shares during the period. The software company reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.09. It is positive, as 49 investors sold ADBE shares while 326 reduced holdings. 117 funds opened positions while 294 raised stakes.

World Asset Management Inc decreased Coca Cola Co Com (KO) stake by 11.64% reported in 2017Q2 SEC filing. Bryn Mawr Tru reported 1,500 shares. UBS AG began coverage on shares of Adobe Systems in a report on Thursday. The correct version of this news story can be viewed at https://www.truebluetribune.com/2017/11/14/victory-capital-management-inc-reduces-position-in-adobe-systems-incorporated-adbe.html. Hm Payson Com invested 0.03% in Adobe Systems Incorporated (NASDAQ:ADBE). As such, analysts can estimate Adobe Systems Incorporated's growth for next year as 30.31%. (NYSE:DDE). 170,000 were accumulated by Gabelli Funds Limited Company. Weybosset Rech And Lc holds 0.47% or 16,439 shares. Scotia Capital owns 1,467 shares. Raymond James & Associate owns 241,200 shares for 0.07% of their portfolio. Next Gru reported 1,337 shares. Tctc Holding Ltd Llc stated it has 0.06% in Adobe Systems Incorporated (NASDAQ:ADBE). Pacific Crest maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, September 21 with "Overweight" rating. They expect $0.96 earnings per share, up 15.66% or $0.13 from last year's $0.83 per share. ADBE's profit will be $474.23 million for 47.26 P/E if the $0.96 EPS becomes a reality. New York State Common Retirement Fund now owns 1,471,148 shares of the software company's stock worth $219,466,000 after acquiring an additional 70,650 shares during the last quarter.

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