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Equity Research Analyst's Stock Ratings: Adobe Systems Incorporated (ADBE), UBS Group AG
11 March 2018, 05:27 | Casey Mitchell
The Melvin Capital Management Lp holds 395,000 shares with $58.93M value, down from 853,140 last quarter. San Francisco Sentry Inv Grp Inc (Ca) invested 0.5% in Adobe Systems Incorporated (NASDAQ:ADBE). The stock increased 1.95% or $4.22 during the last trading session, reaching $220.62. The shares were sold at an average price of $173.50, for a total transaction of $338,845.50.
Adobe Systems (NASDAQ:ADBE) last posted its quarterly earnings results on Thursday, December 14th. It has outperformed by 25.59% the S&P500.
Macquarie Group Ltd decreased its stake in Adobe Sys Inc (ADBE) by 17.53% based on its latest 2017Q3 regulatory filing with the SEC. On Tuesday, June 20 the stock rating was maintained by BMO Capital Markets with "Buy". The institutional investor held 1.72 million shares of the technology company at the end of 2017Q3, valued at $57.91 million, up from 1.39 million at the end of the previous reported quarter. Realogy Hldgs Corp now has $3.36 billion valuation. Current trade price levels places ADBE's stock about -0.48% away from the 52-week high and closed 81.68% away from the 52-week low. The company exchanged hands with 2441186 shares contrast to its average daily volume of 2.52M shares. Realogy Holdings Corp. (NYSE:RLGY) has declined 1.61% since March 9, 2017 and is downtrending. It has underperformed by 3.50% the S&P500. During the same quarter in the previous year, the business earned $0.90 EPS. equities analysts expect that Adobe Systems Incorporated will post 5.12 EPS for the current year. Therefore 50% are positive.
A number of research analysts have recently commented on the company. The firm has "Buy" rating by Needham given on Monday, September 18. Seaport Global initiated the shares of F in report on Tuesday, August 9 with "Buy" rating. On Friday, March 24 the stock rating was maintained by Piper Jaffray with "Overweight". The company was upgraded on Wednesday, February 14 by Citigroup. The company was maintained on Thursday, January 12 by Dougherty & Company.
Investors sentiment decreased to 0.89 in 2017 Q3. Its up 0.01, from 1.1 in 2017Q2. It improved, as 25 investors sold RLGY shares while 76 reduced holdings. 38 funds opened positions while 138 raised stakes. Institutions purchase large blocks of a company's outstanding shares and can exert considerable influence upon its management. Louisiana State Employees Retirement Sys holds 0.2% in Morgan Stanley (NYSE:MS) or 88,300 shares. The North Carolina-based Boys Arnold And Incorporated has invested 0.11% in Union Pacific Corporation (NYSE:UNP). Moody Bancorporation Division owns 7,606 shares. Cetera Advisor Netwr Ltd Co reported 4,473 shares. Nikko Asset Management Americas Inc reported 2,200 shares stake. 40,945 are owned by Pinnacle Associate Ltd. Amp Cap Invsts Limited stated it has 401,762 shares. Finally, Stratos Wealth Partners LTD. increased its stake in shares of Adobe Systems by 4.1% during the third quarter. Everence Capital Management reported 12,595 shares or 0.43% of all its holdings.
Since September 19, 2017, it had 0 insider buys, and 4 sales for $27.47 million activity. Alliancebernstein Lp stated it has 3.85M shares or 0.43% of all its holdings. About 55,070 shares traded.
Analysts await American International Group, Inc.
Davidson Investment Advisors, which manages about $1.17B and $925.69M US Long portfolio, upped its stake in Laboratory Corp Amer Hldgs (NYSE:LH) by 20,701 shares to 69,940 shares, valued at $10.56M in 2017Q3, according to the filing. (NASDAQ:CSCO). Virginia-based Davidson And Garrard has invested 1.04% in Cisco Systems, Inc.
Since September 13, 2017, it had 1 insider buy, and 14 insider sales for $79.49 million activity. SARIN ARUN had sold 14,189 shares worth $625,751 on Tuesday, February 20. $5.81 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by Morris Donna. The shares were sold at an average price of $194.26, for a total transaction of $3,512,026.54. The insider Lewnes Ann sold $304,434. $32.66M worth of stock was sold by NARAYEN SHANTANU on Wednesday, January 24. Etrade Management Limited Liability Company holds 0.08% in Adobe Systems Incorporated (NASDAQ:ADBE) or 15,725 shares. AIG's profit will be $1.24B for 10.32 P/E if the $1.37 EPS becomes a reality. Tradition Cap Mgmt Limited Liability Company has invested 0.14% in Adobe Systems Incorporated (NASDAQ:ADBE).
Investors sentiment decreased to 0.9 in Q3 2017. Its down 0.22, from 1.11 in 2017Q2.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Atria Ltd Company reported 314,784 shares or 0.21% of all its holdings. Cibc World Markets Corp accumulated 242,701 shares or 0.75% of the stock. Investec Asset Management stated it has 0% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). State Of Tennessee Treasury Department reported 35,311 shares stake. Gamco Et Al holds 0% of its portfolio in Gibraltar Industries, Inc. Vigilant Capital Mgmt reported 219 shares. 13,500 were accumulated by Tyrus Capital Sam. Inverness Counsel Limited Liability Co New York holds 244,355 shares or 2.57% of its portfolio. Gmt Capital accumulated 1.75 million shares. Comm State Bank owns 224,699 shares or 0.45% of their USA portfolio. 1,695 were accumulated by Foundry Prtn Lc. Lpl Limited Liability Corporation has 0.06% invested in Ford Motor Company (NYSE:F) for 1.46M shares. Tiger Management Limited Liability Co holds 6.09% or 225,800 shares. Intel Corp (NASDAQ:INTC) was raised too.
Among 21 analysts covering XPO Logistics (NYSE:XPO), 19 have Buy rating, 0 Sell and 2 Hold. Gibraltar Industries had 11 analyst reports since September 5, 2015 according to SRatingsIntel. Barclays increased their price objective on Adobe Systems from $193.00 to $221.00 and gave the company an "overweight" rating in a research report on Tuesday, January 23rd. The firm has "Hold" rating given on Monday, September 21 by S&P Research. The company was maintained on Wednesday, October 7 by JP Morgan.
Tocqueville Asset Mngmt Lp owns 0.17% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 100,014 shares. (NASDAQ:TWOU) earned "Buy" rating by Needham on Friday, August 7. It is also used in ranking the parallel size of stock exchanges, is a measure of the total of the market capitalizations of all companies listed on each stock exchange. The stock presently has a consensus rating of "Buy" and a consensus target price of $198.94. The firm has "Outperform" rating by RBC Capital Markets given on Wednesday, February 8.
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