November 23, 2017

Adobe Systems Inc (ADBE) Position Decreased by Ubs Asset Management Americas Inc

14 November 2017, 06:25 | Casey Mitchell

Corporate insiders own 0.38% of the company's stock.

About 37,439 shares traded.

Publicly-traded company Adobe Systems Incorporated (NASDAQ:ADBE) had a closing price of $181.85 yesterday. It has outperformed by 25.59% the S&P500. Looking at stock performance for the past six months, shares are 32.94%. Dupont Capital Management Corp now owns 48,046 shares of the software company's stock worth $7,168,000 after acquiring an additional 35,698 shares in the last quarter.

The stock decreased 0.69% or $0.12 during the last trading session, reaching $17.2. Johnson & Johnson (NYSE:JNJ) has risen 12.54% since November 14, 2016 and is uptrending. It has underperformed by 8.13% the S&P500. The Texas-based American National Registered Advisor Incorporated has invested 0.49% in Adobe Systems Incorporated (NASDAQ:ADBE). Its down 0.03, from 0.86 in 2017Q1. The total value of its holdings increased 5.2%. Brave Asset Mgmt reported 3,102 shares. The 1-year low was reported on Nov, 13 by D E Shaw & has invested 0% in Rosetta Stone Inc (NYSE:RST). Ohio-based Strs Ohio has invested 0% in Rosetta Stone Inc (NYSE:RST). Menta holds 0.14% or 108,921 shares in its portfolio.

As of quarter end Amalgamated Bank had bought 1,327 shares growing its stake by 2.3%. (NYSE:DDE). Bridgeway Capital Mgmt reported 135,914 shares. Pinnacle Fincl Partners owns 3,112 shares for 0.06% of their portfolio. Sei Investments Company who had been investing in Adobe Sys Inc for a number of months, seems to be less bullish one the $89.64B market cap company.

In related news, EVP Matthew Thompson sold 2,190 shares of the business's stock in a transaction on Monday, October 23rd. JNJ's profit will be $4.62 billion for 20.31 P/E if the $1.72 EPS becomes a reality.

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What Does Wall Street Say about Company?

Van Eck Associates Corp decreased Carpenter Technology Corp (NYSE:CRS) stake by 16,317 shares to 86,701 valued at $3.25 million in 2017Q2. Therefore 0 are positive. Johnson & Johnson had 83 analyst reports since August 7, 2015 according to SRatingsIntel.

Among 2 analysts covering Dover Downs Gaming and Entertainment (NYSE:DDE), 0 have Buy rating, 0 Sell and 2 Hold. The firm earned "Buy" rating on Tuesday, October 31 by Canaccord Genuity. Equity analyst Argus raised the price target on October 25 changing the forecast from $170.00 to $195.00 and stated a "Buy" rating. Jefferies maintained Johnson & Johnson (NYSE:JNJ) on Friday, July 14 with "Hold" rating. On October 19 BMO Capital Markets left the company rating at "Outperform" projecting a price of $187.00.

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

Investors sentiment increased to 1.1 in Q2 2017. Its up 0.52, from 1.4 in 2017Q1. It improved, as 49 investors sold Adobe Systems Incorporated shares while 326 reduced holdings. 117 funds opened positions while 294 raised stakes. 98,920 were reported by Tocqueville Asset L P. Cls Invs Lc has 12,577 shares for 0.07% of their portfolio. Seaward Management Lp accumulated 0.08% or 11,756 shares. Dougherty & Company maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Monday, April 4 with "Buy" rating. Adobe Systems Inc now has a P/E ratio of 56.83 and market capitalization is 89.05B. The correct version of this story can be read at adobe-systems-inc-adbe-issues-q1-earnings-guidance/1230702/. Regions reported 23,933 shares. Susquehanna Interest Group Limited Liability Partnership reported 142,700 shares or 0% of all its holdings.

Adobe Systems Incorporated is a software company. Forte Cap Adv owns 36,689 shares or 1.71% of their United States portfolio. City Holding has 230 shares for 0.01% of their portfolio. Huntington Comml Bank reported 19,909 shares. Finally, Syntal Capital Partners LLC increased its stake in shares of Adobe Systems by 14.9% in the 3rd quarter.

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Adobe Systems (NASDAQ:ADBE) last posted its quarterly earnings results on Tuesday, September 19th. They expect $0.96 EPS, up 15.66% or $0.13 from last year's $0.83 per share. This translates into $473.22 million profit for ADBE giving the stock a 47.36 P/E. Baystate Wealth Mngmt Limited Liability Corporation holds 0% in Adobe Systems Incorporated (NASDAQ:ADBE) or 20 shares. Therefore 79% are positive. UBS AG started coverage on shares of Adobe Systems in a report on Thursday. On Friday, March 18 the stock rating was maintained by Credit Suisse with "Neutral". The stock has "Neutral" rating by Credit Suisse on Wednesday, January 6. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned "Hold" rating by Deutsche Bank on Monday, October 16. The firm has "Overweight" rating given on Wednesday, August 10 by Stephens.

October 19 investment analysts at J P Morgan Chase & Co made no change to the stock rating of "Buy" targeting a price of $185.00. The rating was maintained by Pivotal Research on Wednesday, September 21 with "Buy".

Since June 14, 2017, it had 0 insider purchases, and 1 insider sale for $311,035 activity.

Shares of Adobe Systems Inc. It also reduced Ishares Edge Msci Min Vol (EFAV) stake by 13,360 shares and now owns 107,597 shares. Ebay Inc (NASDAQ:EBAY) was raised too.

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