Adobe Systems (ADBE) Price Target Increased to $250.00 by Analysts at Barclays

Doris Richards
March 21, 2018

HM Payson & Co. now owns 4,414 shares of the software company's stock valued at $658,000 after purchasing an additional 425 shares in the last quarter. Westend Advisors Llc sold 394,043 shares as the company's stock rose 14.01% with the market. Seatown Holdings who had been investing in Citigroup Inc for a number of months, seems to be bullish on the $184.75 billion market cap company.

Platform Specialty Products Corporation (NYSE:PAH)'s stock on Friday traded at beginning with a price of $10.53 and when day-trade ended the stock finally gained 1.23% to reach at $10.67. The stock is now moving above its 20-Day Simple Moving Average of 6.81% with a 50-Day Simple Moving Average of 12.62 percent. Honeywell International Inc. (NYSE:HON) has risen 17.66% since March 19, 2017 and is uptrending. It has outperformed by 41.56% the S&P500.

Aaron Cowen increased its stake in Adobe Sys Inc (ADBE) by 0.5% based on its latest 2017Q3 regulatory filing with the SEC. (TSE:NFI) to report $0.87 EPS on March, 28.They anticipate $0.04 EPS change or 4.40% from last quarter's $0.91 EPS.

The Stock surged3.05% and closed its last trading session at $225.55. Oregon-based Jensen Inv Mgmt Inc has invested 0.13% in Adobe Systems Incorporated (NASDAQ:ADBE). It has outperformed by 25.59% the S&P500.

Investors sentiment increased to 1.11 in Q3 2017.

A number of hedge funds have recently bought and sold shares of ADBE. Nationwide Fund Advisors raised its stake in Adobe Systems by 3.9% in the third quarter. 206.32 million shares or 5.35% less from 217.98 million shares in 2017Q2 were reported.

Renaissance Technologies LLC lessened its holdings in Adobe Systems Incorporated (NASDAQ:ADBE) by 27.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor held 81,114 shares of the consumer services company at the end of 2017Q3, valued at $1.97M, up from 65,583 at the end of the previous reported quarter. Insiders sold a total of 349,246 shares of company stock worth $66,987,577 over the last quarter. GESCHKE CHARLES M sold $3.97 million worth of stock or 21,276 shares. 23,581 were accumulated by Raymond James Services Advsr. Hillhouse Capital Management Ltd acquired 7,403 shares as Tesaro Inc (TSRO)'s stock declined 19.97%. Hanson Mcclain Inc holds 0% in Adobe Systems Incorporated (NASDAQ:ADBE) or 186 shares. Tributary Capital Lc holds 0.06% or 4,450 shares in its portfolio. Gsa Cap Prtnrs Limited Liability Partnership holds 0.2% or 19,375 shares in its portfolio.


Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 28 have Buy rating, 0 Sell and 10 Hold. Davidson Garrard Inc accumulated 1,860 shares. Mairs Pwr Inc accumulated 1,669 shares.

Since October 11, 2017, it had 1 insider buy, and 13 selling transactions for $79.18 million activity. Papp L Roy And Associate has invested 0.46% in Adobe Systems Incorporated (NASDAQ:ADBE). THOMPSON MATTHEW had sold 2,190 shares worth $379,784. On Monday, December 18 the insider Banse Amy bought $199,520. NARAYEN SHANTANU sold $32.66M worth of stock. Also, EVP Donna Morris sold 29,404 shares of the business's stock in a transaction dated Thursday, January 25th. Zacks Investment Research cut Adobe Systems from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 21st. Therefore 74% are positive. As per Thursday, December 14, the company rating was maintained by SunTrust. The firm has "Buy" rating by Credit Suisse given on Monday, March 12. Moreover, British Columbia Invest Corp has 0.29% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 253,942 shares. They now have an overweight rating on the software company's stock. Guggenheim maintained the stock with "Buy" rating in Friday, March 16 report. The firm has "Overweight" rating given on Thursday, February 18 by Barclays Capital. On Friday, March 16 the stock rating was maintained by Stephens with "Buy". The firm earned "Buy" rating on Tuesday, January 23 by Canaccord Genuity. Another trade for 6,376 shares valued at $1.26M was made by DILLON MICHAEL A on Wednesday, January 31. 5,000 shares were bought by MOULDER LEON O JR, worth $284,640. Shares for $260,300 were sold by Foster Paul A on Thursday, February 22. Dsm Capital Ptnrs Limited reported 1.79 million shares. Huber Martin H. Jr. also sold $70,211 worth of Tesaro, Inc. (NYSE:STAR) for 200 shares. $32's average target is 3.63% above currents $30.88 stock price.

Investors sentiment increased to 1.14 in Q3 2017. Its up 0.25, from 1.1 in 2017Q2. Shares for $215,563 were sold by McKasson Craig S.

Analysts believe that the company has the potential to earn average revenue of $2.14 Billion for the current quarter. Nbt Retail Bank N A Ny holds 16,214 shares. Nokota Mngmt Lp owns 0.57% invested in Facebook, Inc. (NYSE:HON) for 101,100 shares. Schroder Investment Management Group grew its stake in shares of Adobe Systems by 556.2% in the fourth quarter. Proshare Advsrs Limited Liability Company has 28,562 shares. Busey Trust accumulated 2,197 shares. Servicenow Inc (NYSE:NOW) was raised too. Amica Retiree Medical, Rhode Island-based fund reported 1,943 shares. Burke And Herbert Bank And Tru stated it has 6,035 shares. Mairs & has 2,300 shares. The return on assets stands at 11.6%, Return on Equity now is 19.9% and the Return on Investment value is 16.7%. First Manhattan has 1.55% invested in Honeywell International Inc. Moreover, Signaturefd Limited Liability Corporation has 0.03% invested in Adobe Systems Incorporated (NASDAQ:ADBE).

Analysts await Marriott International, Inc. The stock of Tsakos Energy Navigation Limited (NYSE:TNP) earned "Buy" rating by Seaport Global on Wednesday, May 4. Therefore 48% are positive. Tesaro Inc had 72 analyst reports since August 24, 2015 according to SRatingsIntel. The firm has "Neutral" rating given on Tuesday, October 6 by Susquehanna. The rating was downgraded by Cowen & Co on Monday, September 12 to "Market Perform". BTIG Research maintained iStar Inc. (NYSE:C) rating on Monday, October 9. Jefferies has "Buy" rating and $6.0 target. BMO Capital Markets maintained the stock with "Buy" rating in Friday, July 14 report. The firm has "Hold" rating by Wells Fargo given on Friday, March 9. Keefe Bruyette & Woods maintained the shares of STAR in report on Tuesday, February 27 with "Hold" rating. The firm has "Neutral" rating by Goldman Sachs given on Thursday, August 18. The rating was maintained by Deutsche Bank with "Buy" on Wednesday, March 23.

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