Published: Sat, May 05, 2018
Sci-tech | By Jackie Newman

Adobe Systems (ADBE) Receives $219.21 Average PT from Brokerages


It has change of 0.22, from 2017Q3's 1.11. About 1.50 million shares traded.

Adobe Systems Incorporated (NASDAQ:ADBE) announced its earnings results on Tuesday. The stock outperformed the S&P 500 by 55.16%.

Bill Miller decreased its stake in Johnson & Johnson (JNJ) by 20.28% based on its latest 2017Q4 regulatory filing with the SEC. Following the sale, the executive vice president now owns 68,693 shares in the company, valued at approximately $13,541,451.09. The company has market cap of 1.77 billion GBP. About 402,851 shares traded. It is down 0.47% since April 26, 2017 and is uptrending. It has outperformed by 1.81% the S&P500. Bridgeway Capital Management Inc owns 61,509 shares or 0.01% of their U.S. portfolio. It also upped Johnson & Johnson (NYSE:JNJ) stake by 203,280 shares and now owns 7.23 million shares.

Investors sentiment increased to 0.83 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. The overall Adobe Systems Incorporated group has an average P/S ratio of 6.41, which is significantly worse than the sector's 2.66. 280 grew holdings while 107 funds acquired holdings. 383.04 million shares or 1.04% less from 387.06 million shares in 2017Q3 were reported.

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Stocks have wobbled in recent days with bond yields climbing and shareholders wondering whether earnings are peaking for big US companies, which could hinder future stock gains as interest rates and inflation continue rising. Zacks Mngmt accumulated 0.1% or 26,635 shares. M Partners maintained the shares of MSFT in report on Friday, July 21 with "Hold" rating. Highlander Cap Mgmt Limited Liability Company, New Jersey-based fund reported 1,800 shares. Brandywine Managers Ltd Co owns 5,065 shares for 0.25% of their portfolio. Institutions purchase large blocks of a company's outstanding shares and can exert considerable influence upon its management. Alpine Glob Management Ltd Company has invested 0.76% in 3M Company (NYSE:MMM). Oakbrook Invests Limited Com reported 116,839 shares. Outstanding shares refer to a company's stock now held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders. Rosenblum Silverman Sutton S F Ca holds 1,415 shares. Findlay Park Prtnrs Limited Liability Partnership stated it has 1.49M shares. Bnp Paribas Asset Mngmt Sa owns 136,584 shares. 358.18 million shares or 1.16% more from 354.07 million shares in 2017Q3 were reported. This's net activity of $87.08 million. The insider Shin Hak Cheol sold 7,473 shares worth $1.86M. The shares were sold at an average price of $197.62, for a total transaction of $5,810,818.48. ADBE's shares are therefore the less volatile of the two stocks. Bauman James L had sold 2,826 shares worth $700,790. Ten investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. Therefore 93% are positive. ADBE is raking in trailing 12 months revenue which is around 2.08 billion. The stock has "Buy" rating by RBC Capital Markets on Monday, September 11. As per Wednesday, November 23, the company rating was maintained by JP Morgan. The stock of Microsoft Corporation (NASDAQ:MSFT) has "Buy" rating given on Tuesday, October 10 by Stifel Nicolaus. The rating was maintained by Credit Suisse on Thursday, October 19 with "Buy". Barclays Capital has "Overweight" rating and $181 target. Also, EVP Michael A. Dillon sold 6,376 shares of the business's stock in a transaction on Wednesday, January 31st. This implies that the market is now less bearish on the outlook for ADBE. Sold All: 3 Reduced: 4 Increased: 5 New Position: 6. On Monday, March 19 the insider WARNOCK JOHN E sold $1.12 million. (NYSE:TWLO) valuations. The stock trades on a P/S of 9.59, which suggests that the shares are not attractive compared with peers.

Trading at the moment with a market cap of $112.13B, ADBE has a significant cash 2.67 billion on their books, which will have to be weighed and compared to their $3.54 billion in total current liabilities.

For the current Fiscal Quarter, 28 analysts on average are expecting earnings of $1.54 per share. ADBE's profit will be $615.59M for 44.13 P/E if the $1.25 EPS becomes a reality. The hedge fund run by Bill Miller held 22,800 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $3.19M, down from 28,600 at the end of the previous reported quarter.

Macguire Cheswick & Tuttle Investment Counsel Llc, which manages about $452.95M and $549.88M US Long portfolio, decreased its stake in Time Warner Inc. Eaton Vance holds 0.38% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 895,685 shares. Baidu had 66 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has "Speculative Buy" rating by Beaufort Securities given on Thursday, April 14. On Monday, December 11 the rating was maintained by Cowen & Co with "Buy". BidaskClub lowered Adobe Systems from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, June 13th. 165,023 Adobe Systems Incorporated (NASDAQ:ADBE) shares with value of $32.66 million were sold by NARAYEN SHANTANU. Canaccord Genuity maintained the stock with "Buy" rating in Thursday, December 14 report. RBC Capital Markets maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Friday, December 15. Robert W. Baird has "Buy" rating and $160.0 target. Moreover, Acadian Asset Management Llc has 0% invested in the company for 1,690 shares.

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