Cedar Capital LLC Has $442000 Position in Adobe Systems Incorporated (NASDAQ:ADBE)

Lloyd Doyle
November 21, 2017

BMO Capital Markets maintained the stock with "Market Perform" rating in Thursday, October 19 report. About 37 shares traded. It is down 15.90% since November 21, 2016 and is uptrending. It has outperformed by 18.90% the S&P500. Weatherly Asset Management sold 8,820 shares as the company's stock rose 14.01% with the market. Aureus Asset Management LLC now owns 4,345 shares of the software company's stock worth $592,000 after purchasing an additional 1,428 shares during the last quarter. Adobe Systems Incorporated's institutional ownership is 89.8%, while its institutional transactions stand at -0.12%. The stock rose 0.70% or $1.27 reaching $183.61. Adobe Systems had a return on equity of 21.40% and a net margin of 23.06%. It has outperformed by 25.59% the S&P500. (NYSE:JPM). Qci Asset Management Incorporated holds 177,358 shares. It also increased its holding in Honeywell Intl Inc (NYSE:HON) by 3,757 shares in the quarter, for a total of 6,253 shares, and has risen its stake in At&T Inc (NYSE:T).

Since June 14, 2017, it had 0 insider buys, and 1 sale for $311,035 activity. More interesting news about Adobe Systems Incorporated (NASDAQ:ADBE) were released by: "Investorplace.com and their article: "Adobe Systems Incorporated Will Head Higher â€" Much Higher" published on October 19, 2017 as well as Investorplace.com's news article titled: "Why You Should Buy Adobe Systems Incorporated Stock" with publication date: "November 10, 2017". They expect $0.76 EPS, up 15.15% or $0.10 from last year's $0.66 per share. ADBE's profit will be $471.40M for 47.67 P/E if the $0.96 EPS becomes a reality.

For the ongoing Fiscal Quarter, 18 analysts have an average earnings forecast of $2.03 per share. Therefore 79% are positive.

Adobe Systems Incorporated's Average Earnings Estimate for the current quarter is $1.16, according to consensus of 30 analysts. The firm has "Hold" rating given on Monday, September 21 by S&P Research. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned "Buy" rating by Deutsche Bank on Wednesday, October 7. BMO Capital Markets has "Buy" rating and $165.0 target. On Wednesday, September 21 the stock rating was maintained by Pacific Crest with "Overweight". The firm has "Outperform" rating given on Friday, March 24 by Credit Suisse. The company was maintained on Thursday, October 5 by Piper Jaffray. The correct version of this news story can be accessed at https://stocknewstimes.com/2017/11/21/findlay-park-partners-llp-cuts-holdings-in-adobe-systems-incorporated-adbe.html. Credit Suisse reinitiated it with "Neutral" rating and $105 target in Thursday, April 21 report.

Adobe Systems Company Profile Adobe Systems Incorporated is a software company. Dougherty & Company has "Buy" rating and $122 target.

Investors sentiment increased to 1.1 in Q2 2017. Its up 0.32, from 0.87 in 2017Q1. It increased, as 49 investors sold ADBE shares while 326 reduced holdings. 146 funds opened positions while 731 raised stakes. Pitcairn Co accumulated 0.66% or 38,611 shares.

Adobe Systems Incorporated (NASDAQ:ADBE) traded up $2.70 during trading hours on Tuesday, reaching $185.04. 3,060 were reported by Notis.

Adobe Systems Incorporated (ADBE) has a Return on Assets of 12 percent, Return on Investment of 13.2 percent and a Return on Equity of 20.6 percent. Meiji Yasuda Life Insurance Co owns 11,720 shares or 0.25% of their USA portfolio. Argent Communication stated it has 0.37% in Adobe Systems Incorporated (NASDAQ:ADBE). Everence Capital Management Incorporated reported 0.44% in Adobe Systems Incorporated (NASDAQ:ADBE). Amica Retiree Trust invested 0.34% in Adobe Systems Incorporated (NASDAQ:ADBE). LLC purchased a new stake in Adobe Systems during the second quarter valued at approximately $100,000. Jane Street Grp Inc Ltd owns 0.02% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 44,031 shares. RBC Capital Markets restated an "outperform" rating and issued a $116.00 target price (up previously from $115.00) on shares of Adobe Systems in a report on Thursday, September 22nd. The Bank Of Nova Scotia holds 111,577 shares with $15.78M value, down from 188,507 last quarter. Peak6 Investments Lp holds 69,808 shares.

We've taken a serious look at this stock from a fundamental perspective, but the tale of the tape may offer more hints about what lies under the surface. This gauge is crucial in determining whether investors are moved toward the direction of buying more of the stock, or else doing the contradictory side and selling more of the stock.

Peak6 Investments Lp, which manages about $17.27 billion US Long portfolio, decreased its stake in Howard Hughes Corp (Call) (NYSE:HHC) by 5,500 shares to 3,900 shares, valued at $479,000 in 2017Q2, according to the filing. Smith Chas P & Associates Pa Cpas sold 8,876 shares as Abbott Laboratories (ABT)'s stock declined 3.42%.

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