Adobe Systems (ADBE) Price Target Raised to $193.00 at Barclays

Angelo Anderson
January 12, 2018

Adobe Systems (NASDAQ ADBE) traded up $0.41 during midday trading on Friday, reaching $187.11. Connors Investor Serv holds 1.29% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 57,520 shares.

Adobe Systems (NASDAQ:ADBE) had its target price lifted by investment analysts at Barclays to $193.00 in a research note issued to investors on Friday, December 15th. It has outperformed by 25.59% the S&P500. Payden & Rygel sold 100,836 shares as Procter & Gamble (PG)'s stock declined 5.32%. Atlantic Trust Group LLC now owns 1,024,227 shares of the software company's stock valued at $152,795,000 after buying an additional 552,491 shares during the last quarter. Procter & Gamble now has $228.39B valuation. Janus Henderson Group PLC now owns 11,226,707 shares of the software company's stock worth $1,587,936,000 after purchasing an additional 9,957,241 shares during the last quarter.

Central Bank & Trust Co increased Ishares Edge Msci Min Vol (EFAV) stake by 7,392 shares to 114,989 valued at $8.17 million in 2017Q3. Polymetal International Plc (LON:POLY) has 0.00% since January 11, 2017 and is.

Since August 9, 2017, it had 1 insider buy, and 6 insider sales for $2.59 million activity.

Analysts await Capital One Financial Corporation (NYSE:COF) to report earnings on January, 23 after the close. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.95 billion. After $0.30 actual EPS reported by Annaly Capital Management, Inc. for the previous quarter, Wall Street now forecasts -3.33% negative EPS growth.

Among 52 analysts covering Apple Inc. The rating was upgraded by RBC Capital Markets on Tuesday, August 11 to "Sector Perform". Secure Trust Bank had 42 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned "Buy" rating on Wednesday, October 26 by Citigroup. Dougherty & Company maintained the stock with "Buy" rating in Monday, April 4 report. As per Thursday, July 27, the company rating was maintained by Stifel Nicolaus. The firm has "Neutral" rating by Goldman Sachs given on Wednesday, September 21. Vetr upgraded it to "Strong-Buy" rating and $86.24 target in Tuesday, September 8 report. The firm earned "Neutral" rating on Wednesday, October 25 by Wedbush. On Wednesday, November 18 the stock rating was maintained by Deutsche Bank with "Hold".

Since August 15, 2017, it had 0 buys, and 19 selling transactions for $6.75 million activity. Shares for $686,000 were sold by HACKETT ANN F on Monday, December 18. The shares were sold at an average price of $174.20, for a total value of $1,184,560.00. The insider WARNOCK JOHN E sold 6,800 shares worth $1.18M. Sheppard Valarie L also sold $1.87M worth of The Procter & Gamble Company (NYSE:PG) shares. SHATTUCK MAYO A III had sold 24,167 shares worth $2.24 million. Its up 0.14, from 0.95 in 2017Q2. Kennedy invested in 43,700 shares. After $1.05 actual EPS reported by Adobe Systems Incorporated for the previous quarter, Wall Street now forecasts 0.95% EPS growth. Natl Pension invested in 432,650 shares or 0.2% of the stock. Arcadia Investment Mi stated it has 33,277 shares or 1.52% of all its holdings. Contrarius Invest Mngmt Ltd reported 682,298 shares. Adage Cap Ptnrs Grp Inc Ltd Llc accumulated 708,828 shares. Timessquare Mgmt Ltd Co reported 16,640 shares. Davis R M holds 0.01% or 1,655 shares in its portfolio. Bb&T holds 36,462 shares or 0.11% of its portfolio. Adobe Systems comprises approximately 5.3% of Lathrop Investment Management Corp's investment portfolio, making the stock its biggest position. 75,744 were reported by Afam Incorporated. They expect $3.75 earnings per share, up 11.61% or $0.39 from last year's $3.36 per share. The company had a trading volume of 461,422 shares.

Among 5 analysts covering Secure Trust Bank (LON:STB), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 76% are positive. Adobe Systems had 134 analyst reports since August 11, 2015 according to SRatingsIntel. The firm has "Hold" rating by Pivotal Research given on Thursday, January 12. The firm has "Outperform" rating given on Friday, March 18 by RBC Capital Markets. The firm has "Buy" rating by Numis Securities given on Monday, February 22. (NASDAQ:AAPL), 40 have Buy rating, 1 Sell and 11 Hold.

Adobe Systems Incorporated is a software company. Oppenheimer maintained the shares of AAPL in report on Wednesday, October 28 with "Buy" rating. Credit Suisse upgraded Adobe Systems Incorporated (NASDAQ:ADBE) on Friday, March 24 to "Outperform" rating. Shore Capital maintained the shares of STB in report on Wednesday, October 18 with "Buy" rating. Its up 0.30, from 1 in 2017Q2. It improved, as 42 investors sold ADBE shares while 327 reduced holdings. 116 funds opened positions while 640 raised stakes. 414.95 million shares or 0.84% less from 418.45 million shares in 2017Q2 were reported. Cypress accumulated 0.35% or 10,907 shares. So to answer this concerns frequently used tools of financial ratio analysis is profitability ratios, which are used to determine the company's bottom line and its return to its investors. De Burlo Group Incorporated accumulated 104,000 shares or 3.44% of the stock. Moreover, Orinda Asset Management Llc has 2.24% invested in the company for 200,000 shares. Tower Bridge Advsr owns 0.07% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 4,000 shares. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has "Buy" rating given on Thursday, December 14 by Canaccord Genuity. 10,400 are owned by Ellington Mngmt Ltd Liability Co. Banc Funds Communications Limited Liability reported 392,419 shares. North Carolina-based Carroll Incorporated has invested 0.03% in Adobe Systems Incorporated (NASDAQ:ADBE). Nicholas Inv LP owns 16,599 shares or 0.17% of their United States portfolio. Following the completion of the transaction, the director now directly owns 16,088 shares of the company's stock, valued at $2,802,529.60. Jpmorgan Chase & Co (NYSE:JPM) was raised too. 2,190 shares were sold by THOMPSON MATTHEW, worth $379,784. The insider Banse Amy bought $199,520.

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