What's Adobe Systems Incorporated (ADBE) Upside After Today's Big Increase?

Solid Rank & VGM Score

Balasa Dinverno & Foltz Lc accumulated 2,142 shares. The Connors Investor Services Inc holds 58,610 shares with $8.29M value, down from 119,741 last quarter. The Higher end of the revenue forecast is $1.98 Billion, while the Lower end of the forecast is $1.95 Billion. The stock decreased 1.37% or $2.45 during the last trading session, reaching $176.22. About 2.26M shares traded. Amgen Inc. (NASDAQ:AMGN) has risen 5.27% since December 7, 2016 and is uptrending. It has underperformed by 4.25% the S&P500. ADBE's profit would be $473.22 million giving it 45.19 P/E if the $0.96 EPS is correct. Green Square Ltd Liability Corp has 0.29% invested in Adobe Systems Incorporated (NASDAQ:ADBE). The stock increased 2.74% or $4.59 during the last trading session, reaching $172.13. It has outperformed by 25.59% the S&P500. The stock was sold at an average price of $152.09, for a total transaction of $297,031.77. Medtronic had 74 analyst reports since August 10, 2015 according to SRatingsIntel. RBC Capital Markets maintained Amgen Inc. Goldman Sachs maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Friday, March 18. Five research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. The firm earned "Buy" rating on Monday, June 5 by Oppenheimer. Also, EVP Ann Lewnes sold 1,953 shares of the firm's stock in a transaction that occurred on Wednesday, October 11th. The stock of Medtronic plc (NYSE:MDT) earned "Neutral" rating by Bank of America on Tuesday, January 3. As per Tuesday, August 22, the company rating was maintained by Canaccord Genuity.

Investors sentiment decreased to 1.15 in Q2 2017. Last quarter, the company saw 1.84 billion in total revenues. It worsened, as 72 investors sold MDT shares while 449 reduced holdings. Comparatively, ADBE posted earnings of $1.07 per share in the same quarter, a year earlier. (NASDAQ:RVNC). Vanguard Gru has invested 0% of its portfolio in Revance Therapeutics, Inc. Bancorpsouth has 4,435 shares. Paloma Partners Co reported 0.03% stake. For ADBE, the company now has 1.76 billion of cash on the books. Savant Ltd Co holds 0.11% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 3,350 shares. For shareholders, given the total diluted outstanding shares of 500.4 million, this means overall earnings per share of 0.84. Ameritas Invest Prns stated it has 0% in Revance Therapeutics, Inc. They expect $0.96 earnings per share, up 15.66% or $0.13 from last year's $0.83 per share. Lederer Associate Investment Counsel Ca reported 2.16% stake. Credit Suisse Ag owns 969,083 shares for 0.13% of their portfolio. Frontier Invest has 9,364 shares. Univest Of Pennsylvania has invested 1.84% in Amgen Inc. BlackRock Inc. raised its stake in shares of Adobe Systems by 8.2% during the second quarter. Mairs & Power Inc sold 51,835 shares as Gentherm Inc (THRM)'s stock rose 1.82%. Nike (NYSE:NKE) was raised too.

FMR LLC raised its stake in Adobe Systems Incorporated (NASDAQ:ADBE) by 1.33% during the September 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. Its down 0.06, from 0.96 in 2017Q1.

Adobe Systems (NASDAQ:ADBE) is set to issue its quarterly earnings data after the market closes on Thursday, December 14th.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. KeyCorp reiterated an overweight rating and set a $216.00 target price (up from $178.00) on shares of Adobe Systems in a research report on Wednesday, November 22nd. Finance Ser Corp reported 591 shares or 0.04% of all its holdings. Lazard Asset Mgmt has invested 0.04% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Victory Mgmt Inc reported 34,875 shares. Insight & Management Inc invested 2.06% in Adobe Systems Incorporated (NASDAQ:ADBE). Polen Management Ltd Limited Liability Company reported 7.5% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Lazard Asset Management LLC now owns 106,689 shares of the software company's stock worth $13,883,000 after purchasing an additional 99,041 shares during the last quarter. Adobe Systems's quarterly revenue was up 25.8% on a year-over-year basis. equities analysts forecast that Adobe Systems Incorporated will post 3.46 earnings per share for the current year. Hightower Advsrs Limited Liability holds 0.11% or 87,764 shares.

Nestlé To Acquire Vitamin Maker Atrium Innovations For $2.3 Billion
Established in 1999, Atrium's 2017 sales are expected to reach nearly US$700 million. Atrium has seven factories in the United States, Canada, Europe and Argentina.

Adobe Systems Incorporated has a beta of 0.97, offering the possibility of a higher rate of return, but also posing more risk. Finally, Morgan Stanley boosted its position in shares of Adobe Systems by 52.2% in the 1st quarter. 4,809 were accumulated by Eagle Global Advsr Ltd Liability.

Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 30 have Buy rating, 0 Sell and 8 Hold.

Adobe Systems Incorporated operates as a diversified software firm worldwide. The company has market cap of $85.43 billion. 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. The P/E Ratio for ADBE is 52.52.

Since June 14, 2017, it had 0 buys, and 1 sale for $311,035 activity. Therefore 79% are positive. UBS began coverage on shares of Adobe Systems in a research report on Thursday, November 9th. The rating was maintained by Citigroup with "Buy" on Wednesday, September 21. Adobe Systems now has an average rating of "Buy" and an average target price of $176.50. On Friday, December 11 the stock rating was maintained by Wunderlich with "Hold". As per Thursday, October 19, the company rating was maintained by BMO Capital Markets. The company was downgraded on Monday, June 12 by Pivotal Research.

The stock of Adobe Systems Incorporated (NASDAQ:ADBE) is a huge mover today! FBR Capital has "Mkt Perform" rating and $100 target. The firm has "Buy" rating by KeyBanc Capital Markets given on Tuesday, September 26. Robert W. Baird set a $160.00 target price on Adobe Systems and gave the company a "buy" rating in a research report on Friday, October 6th. The stock has "Buy" rating by Piper Jaffray on Sunday, August 6.

Related news:

Hot News

isis-killer-beheading-video-story-top German SPD leader Schulz wants United States of Europe by 2025
Dec 07, 2017 - 15:38
Barely more than a quarter of German Social Democrat voters have backed the idea of forming a new coalition with Angela Merkel before a party debate today about launching talks.

isis-killer-beheading-video-story-top Mozilla and Yahoo! launch high-cost lawsuit
Dec 07, 2017 - 15:22
Due to the unstable condition of Yahoo, Verizon chose to buy the search engine company along with all its other subsidiaries. Mozilla cites third-party data that asserts that during the term of the agreement, Firefox lost market share to Chrome.

Investors Sell Shares of Philip Morris International (PM) on Strength (PM)
Dec 07, 2017 - 15:10
To fully grasp the existing nature of the stock, a trader will need to know the company's stock price to its revenues. (NYSE:URI). The firm has "Buy" rating given on Thursday, October 19 by Piper Jaffray. (NYSE:PM) on Monday, November 30 to "Neutral" rating.

Bitcoin passes £10000 to reach new all-time high
Dec 07, 2017 - 14:58
As the price of Bitcoin goes up, the regulators are racing to catch up with the impact is going to be in financial market. For all the interest in bitcoin as an investment, few actually use it as a currency to buy and sell goods.

isis-killer-beheading-video-story-top Zinedine Zidane struggling to shore up Real Madrid defence
Dec 07, 2017 - 14:57
On Keylor Navas' future, Zidane said that he was happy with the keeper's performance. "Keylor is back and I think he played well". It's a possibility like every year. "There is a chance, we can sign players when the market opens on January 1", he said.

isis-killer-beheading-video-story-top One dead, several injured after vehicle rams pedestrians in Australia
Dec 07, 2017 - 14:54
About an hour later, officers were called to nearby Eucalyptus Boulevard after a vehicle had been driven into pedestrians. Police confirmed one victim died but would not say whether they were caught up in the brawl or the vehicle crash.

isis-killer-beheading-video-story-top Priyanka Chopra tops the list to become the Sexiest Woman in Asia!
Dec 07, 2017 - 14:11
The " Quantico " star has topped a list of 50 "Sexiest Asian Women", compiled by London-based weekly newspaper Eastern Eye . While he appreciated her courage to often experiment with the unknown, he also called her as a symbol of girl power.

isis-killer-beheading-video-story-top Arab League, Palestinians Say Moving US Embassy May Spark Violence
Dec 07, 2017 - 14:08
Al-Hayat al-Jadida described Trump's decision as "the ultimate blow" delivered to the peace process and two-state solution. It reported them cautioning Trump against changing the longstanding United States position on Jerusalem.

isis-killer-beheading-video-story-top Puneesh's father and Shilpa's mother visit Bigg Boss 11 house, watch video
Dec 07, 2017 - 14:08
Priyank Sharma is paid a visit by ex-girlfriend Divya Agarwal , who will have confrontation of sorts with the contestant. While all are standing still, Shilpa's mom requests the housemates not to abuse Shilpa if they call her "Maa".

isis-killer-beheading-video-story-top The lowest paid celeb on I'm A Celeb has been revealed
Dec 07, 2017 - 14:06
She recently worked with lingerie brand With Love Lilly, which led to her posing for a number of saucy snaps. He is now joint second favourite to triumph on the show, having previously having odds as long as 40/1.

isis-killer-beheading-video-story-top Modi inaugurates Ambedkar International Centre in Delhi, recalls Baba Saheb's contribution
Dec 07, 2017 - 13:30
He said the Union Government is making every effort to complete schemes and projects within their intended duration, and the Dr. Modi added that the government had developed five places related to Babasaheb Ambedkar into pligrimage spots.

isis-killer-beheading-video-story-top Huawei Nova 2s launched with four cameras and 18:9 display
Dec 07, 2017 - 13:05
Now, as far as the phone's front side is concerned, you'll find 20 and 2-megapixel cameras there (f/2.0 aperture). The Huawei Nova 2s comes with a Hi-Fi audio chip, and a Type-C port is located at the bottom of the phone.

Could Allergan Plc (NYSE:AGN) Change Direction After More Shorts?
Dec 07, 2017 - 12:59
If you are viewing this news story on another domain, it was stolen and republished in violation of USA and global copyright laws. Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company.

isis-killer-beheading-video-story-top Rajasthan man burnt to death, cops investigate after video goes viral
Dec 07, 2017 - 12:58
In the video, Afrazul was seen crying for help even as Raigar attacks him with an axe and then burns him alive. When the migrant worker became silent, the accused - believed to be aged between 35 and 40 - set him on fire.

isis-killer-beheading-video-story-top Real Madrid star Cristiano Ronaldo to land fifth Ballon d'Or
Dec 07, 2017 - 12:52
Ronaldo has scored only two goals in the Spanish La Liga this season while in the Champions League he has scored 8 goals. Pictures shared on Instagram show the words "Quinto Triumfo", or "fifth triumph" inscribed on the boots.