Adobe Systems Incorporated (NASDAQ:ADBE) Director Robert K. Burgess Sells 25000 Shares

Doris Richards
January 13, 2018

Ancora Advsr Ltd holds 0.11% or 101,540 shares in its portfolio. Adobe Sys Inc now has $96.15B valuation. The stock increased 2.47% or $8.09 during the last trading session, reaching $336.21. About 915,910 shares traded. WESCO International, Inc. (NYSE:WCC) has risen 13.26% since January 13, 2017 and is uptrending. It has underperformed by 13.10% the S&P500. The lowest target is $10 while the high is $220.0. BMO Capital Markets maintained the shares of ADBE in report on Tuesday, June 20 with "Buy" rating. Shares for $3.97M were sold by GESCHKE CHARLES M on Wednesday, January 10. WARNOCK JOHN E also sold $1.18 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) shares. The stock increased 1.73% or $1.52 during the last trading session, reaching $89.6. The shares were sold at an average price of $175.39, for a total value of $4,384,750.00.

Adobe Systems (NASDAQ:ADBE)'s stock had its "buy" rating reaffirmed by research analysts at Stephens in a note issued to investors on Wednesday, January 3rd. It has outperformed by 25.59% the S&P500.

Since August 4, 2017, it had 0 insider purchases, and 3 insider sales for $513.86 million activity. The insider THOMPSON MATTHEW sold 2,190 shares worth $379,784. Gamble Jones Inv Counsel owns 1,990 shares. Its up 0.01, from 1.1 in 2017Q2. It increased, as 40 investors sold MSFT shares while 952 reduced holdings. The software company reported $1.26 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.16 by $0.10. Reliance Trust Of Delaware reported 7,216 shares. Amica Pension Fund Board Of Trustees accumulated 12,767 shares. Ckw Financial Gp holds 0.01% or 200 shares. During the same period in the prior year, the firm posted $0.90 EPS. research analysts anticipate that Adobe Systems Incorporated will post 4.58 earnings per share for the current year. Everence Cap Mngmt owns 12,595 shares or 0.43% of their USA portfolio. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has "Buy" rating given on Wednesday, September 21 by Pivotal Research. Usa Fincl Portformulas invested in 32,014 shares. Piedmont Investment Advisors owns 122,256 shares or 0.39% of their USA portfolio. Arrowstreet Lp invested in 1.53% or 3.35M shares. The stock has "Buy" rating by Stifel Nicolaus on Wednesday, April 12. 202.27 million shares or 3.74% less from 210.13 million shares in 2017Q2 were reported.

Adobe Systems Incorporated operates as a diversified software firm worldwide. The Company's Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content. It has a 19.85 P/E ratio. This segmentÂ's flagship product is Creative Cloud, a subscription service that allows clients to download and install the latest versions of its creative products. Therefore 92% are positive. Adobe Systems had 135 analyst reports since August 11, 2015 according to SRatingsIntel. Credit Suisse upgraded it to "Outperform" rating and $150 target in Friday, March 24 report. Cleararc Capital Inc holds 12,693 shares. The firm has "Buy" rating given on Wednesday, October 18 by KeyBanc Capital Markets. (NASDAQ:ALDR) on Monday, January 8 with "Buy" rating. Eight research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. On Wednesday, November 8 the stock rating was maintained by Needham with "Buy". Wells Fargo has "Buy" rating and $230.0 target. Facebook, Inc. (NASDAQ:FB) has risen 26.75% since January 13, 2017 and is uptrending.

Among 34 analysts covering Dollar Tree Inc. FMR LLC now owns 35,647,268 shares of the software company's stock worth $5,041,950,000 after acquiring an additional 1,651,762 shares in the last quarter. ADBE's profit will be $522.52M for 46.00 P/E if the $1.06 EPS becomes a reality. After $0.84 actual EPS reported by Microsoft Corporation for the previous quarter, Wall Street now forecasts 2.38% EPS growth.

Fifth Third Bancorp, which manages about $13.98B US Long portfolio, decreased its stake in Ishares Tr (IXP) by 8,277 shares to 13,947 shares, valued at $842,000 in 2017Q3, according to the filing. Jennison Assocs Llc owns 10.88M shares. Praxair Inc (NYSE:PX) was raised too. Its up 0.01, from 1.1 in 2017Q2. 165 funds opened positions while 367 raised stakes. 115.33 million shares or 2.76% more from 112.23 million shares in 2017Q2 were reported. Ashmore Wealth Limited Liability Corporation owns 481,519 shares or 4.45% of their United States portfolio. Hsbc Public Llc accumulated 0.17% or 695,359 shares. Alliancebernstein Lp owns 23,929 shares. Inverness Counsel Limited Liability Corp New York reported 244,355 shares stake. Teacher Retirement Sys Of Texas holds 0% in WESCO International, Inc.

A number of institutional investors have recently modified their holdings of the stock. Whittier Tru holds 6 shares. 25,286 are owned by Boston Private Wealth Ltd Llc. Cetera Advisor Ltd Liability Corporation stated it has 4,473 shares or 0.03% of all its holdings. 9,845 are owned by Gardner Russo & Gardner Lc. Metropolitan Life Ins Ny holds 255,271 shares or 0.24% of its portfolio. (NASDAQ:FB). Sterneck Mngmt Limited Liability Corp holds 22,490 shares or 2.2% of its portfolio.

Investors sentiment decreased to 0.81 in Q3 2017. First Personal Fin has invested 0.08% in Adobe Systems Incorporated (NASDAQ:ADBE). Retail Bank Of The Ozarks has invested 0.45% in The Boeing Company (NYSE:BA). Therefore 83% are positive. Dollar Tree Inc. had 92 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has "Outperform" rating given on Friday, October 2 by RBC Capital Markets. On Thursday, March 31 the stock rating was initiated by Canaccord Genuity with "Buy". RBC Capital Markets maintained the shares of MSFT in report on Friday, October 23 with "Outperform" rating. The rating was maintained by Jefferies on Monday, August 21 with "Hold". As per Tuesday, October 3, the company rating was maintained by SunTrust. The stock has "Buy" rating by Mizuho on Thursday, February 2. The firm earned "Neutral" rating on Monday, December 5 by Longbow.

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