May 05 2018
The software company reported $1.55 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.44 by $0.11. About 894,385 shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 66.71% since April 27, 2017 and is uptrending. The stock outperformed the S&P 500 by 55.16%. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Vision Cap invested in 8,949 shares. Following the completion of the transaction, the executive vice president now directly owns 68,693 shares in the company, valued at approximately $13,541,451.09.
Technical Analysis: The Company has the market capitalization of $10.20B.
ADBE traded at an unexpectedly low level on 04/26/2018 when the stock experienced a 2.11% gain to a closing price of $221.91. Another trade for 544 shares valued at $795,502 was made by Reynolds Shelley on Thursday, February 15. Workspace Group plc (LON:WKP) has 0.00% since April 27, 2017 and is. It also reduced its holding in Freeport (NYSE:FCX) by 4.89M shares in the quarter, leaving it with 100,000 shares, and cut its stake in Tenet Healthcare Corp (NYSE:THC).
Mannatech Inc (MTEX) investors sentiment increased to 1.57 in Q4 2017. Shortening the period, the five-month price index is 0.93, the three-month price index is 0.86, while the one-month price change is now 1. 47 investors sold all, 389 reduced holdings as Adobe Systems Incorporated ratio worsened. 107 funds acquired positions and 280 increased positions.
Twilio Inc. (TWLO) exchanged hands at an unexpectedly low level of 1.49 million shares over the course of the day.
Stocks have wobbled in recent days with bond yields climbing and shareholders wondering whether earnings are peaking for big USA companies, which could hinder future stock gains as interest rates and inflation continue rising. Clarivest Asset Management reported 248,301 shares. Tybourne Capital Mngmt Hk Limited, a Hong Kong-based fund reported 298,900 shares. Stevens Cap L P holds 0.4% or 58,981 shs in its capital. Institutions purchase large blocks of a company's outstanding shares and can exert considerable influence upon its management. Fort Point Cap Partners Ltd Liability Corporation reported 0.37% of its portfolio in Johnson & Johnson (NYSE:JNJ). (NYSE:AVP). Retirement Of Alabama reported 568,944 shares. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 257,118 shares of the software company's stock worth $45,057,000 after buying an additional 3,176 shares in the last quarter. Rosenblum Silverman Sutton S F Ca holds 1,415 shares. Gamco Incorporated Et Al reported 0.02% stake. Global X Management Limited Liability holds 0.09% or 3,225 shares in its portfolio. 21,972 were accumulated by Somerset Trust Communication. Windward Capital Mngmt Ca reported 1,769 shares. This's net activity of $87.08 million. The insider GESCHKE CHARLES M sold $3.59M. XOM stock makes a change of 1.47% in a total of its share price. Bauman James L had sold 2,826 shares worth $700,790. "Buy" rating has 17, "Sell" are 0, while 4 are "Hold". Therefore 64% are positive. ADBE is raking in trailing 12 months revenue which is around 2.08 billion. The firm has "Overweight" rating given on Wednesday, May 11 by Morgan Stanley. The company was maintained on Sunday, October 8 by RBC Capital Markets. The rating was maintained by Goldman Sachs with "Neutral" on Friday, March 18. The stock has "Buy" rating by Bernstein on Tuesday, January 23. The firm earned "Buy" rating on Tuesday, December 1 by Liberum Capital. DZ Bank upgraded the stock to "Buy" rating in Tuesday, March 20 report. On Thursday, March 15 Barclays Capital maintained the shares of ADBE in report with "Overweight" rating. As per Monday, December 14, the company rating was maintained by Argus Research. On Wednesday, January 24 the insider NARAYEN SHANTANU sold $32.66 million. This implies that the market is now less bearish on the outlook for ADBE. In the last 90 days, insiders have sold 122,820 shares of company stock worth $24,734,570. They expect $1.25 EPS, up 54.32 % or $0.44 from last year's $0.81 per share. In case of $1.25 earnings per share ADBE's profit could hit $615.59 million. After $1.28 actual earnings per share reported by Adobe Systems Incorporated for the previous quarter, Wall Street now forecasts -2.34% negative EPS growth.
Pictet North America Advisors Sa, which manages about $2.65 billion and $650.89M US Long portfolio, upped its stake in Jpmorgan Chase & Co (NYSE:JPM) by 4,219 shares to 141,597 shares, valued at $15.14 million in 2017Q4, according to the filing.
Jbf Capital Inc. holds 0.07% of its portfolio in Mannatech, Incorporated for 39,618 shares. Therefore 72% are positive. Adobe Systems had 35 analyst reports since November 9, 2017 according to SRatingsIntel. RBC Capital Markets has "Sector Perform" rating and $105 target. Confluence Wealth Limited Com owns 0.12% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 1,448 shares. Invesco stated it has 0.29% in Adobe Systems Incorporated (NASDAQ:ADBE). Pivotal Research has "Buy" rating and $104 target.
The Technology stock (Adobe Systems Incorporated) created a change of -0.39% from opening and finally closed its business at 217.32 by making a change of -0.26% on 25-04-2018. The stock has "Outperform" rating by Cowen & Co on Wednesday, September 21. Stephens reiterated a "buy" rating and set a $210.00 price objective on shares of Adobe Systems in a report on Wednesday, January 3rd. The rating was downgraded by Deutsche Bank on Tuesday, September 13 to "Hold".
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