Adobe Systems Inc 2018 Q1 Big Money Sentiment Better Than Expected: at 0.9

June 27, 2018 - By Alice Fox

Adobe Systems Incorporated (NASDAQ:ADBE) Corporate Logo

Positions for Adobe Systems Inc (NASDAQ:ADBE)

In 2018 Q1 Adobe Systems Inc (NASDAQ:ADBE) big money sentiment increased to 0.9, according to SEC filings. That’s up 0.01, from 2017Q4’s 0.89. 407 investment managers increased and opened new holdings, while 453 sold and trimmed stock positions in Adobe Systems Inc so the sentiment increased. These funds own 405.65 million shares, that’s down from 410.42 million shares in 2017Q4. Funds holding Adobe Systems Inc in top 10 changed to 72 from 51 for an increase of 21. 35 Investors Sold All; 418 Reduced Holdings; 271 increased holdings while 136 investment managers bought holdings.

Largest Adobe Systems Inc Shareholders

Family Capital Trust Co owns 422,892 shares in Adobe Systems Inc as of 2018 Q1. As of 2018 Q1, 6.46 million shares of Adobe Systems Inc are owned by Polen Capital Management Llc. Suvretta Capital Management Llc reported 1.70 million shares. The New York-based fund Crestwood Capital Management L.P. have invested about 7.5% of the investment manager’s stock portfolio in Adobe Systems Inc. The United Kingdom-based fund Trinity Street Asset Management Llp looks positive on Adobe Systems Inc, owning 170,206 shares.

Adobe Systems Incorporated operates as a diversified software firm worldwide.The firm is worth $119.12 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 is 55.75. This segmentÂ’s flagship product is Creative Cloud, a subscription service that allows clients to download and install the latest versions of its creative products.

The stock decreased 0.15% or $0.37 during the last trading session, reaching $241.88.Currently Adobe Systems Incorporated is uptrending after 70.50% change in last June 27, 2017. ADBE has also 1.04 million shares volume. The stock outperformed the S&P 500 by 57.93%.

Btim reported 0.02% of its capital in Adobe Systems Incorporated (NASDAQ:ADBE). Moreover, Iberiabank Corporation has 0.6% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Bb&T Ltd Com reported 15,738 shs. Alphamark Advsr Ltd Liability Corporation accumulated 2,321 shs. 4,201 are held by Cetera Advisor Lc. Bridgecreek Inv Mngmt Ltd Liability Com owns 2.45% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 50,410 shs. Balasa Dinverno Foltz Llc holds 0.08% or 2,385 shs. Old Mutual Customised Solutions (Proprietary) Ltd has 0.14% invested in Adobe Systems Incorporated (NASDAQ:ADBE). D L Carlson Invest Gru reported 0.87% in Adobe Systems Incorporated (NASDAQ:ADBE). 999 are owned by Heritage Wealth Advisors. Peak6 Ltd Partnership has invested 0.07% in Adobe Systems Incorporated (NASDAQ:ADBE). Omega Advsrs accumulated 238,400 shs. Meiji Yasuda Life Ins holds 12,060 shs. Ameritas Investment Prns, a Nebraska-based fund reported 19,042 shs. Hudson Bay Management L P invested in 1,800 shs or 0.01% of the stock.

Adobe Systems Incorporated registered $89.91 million net activity with 0 insider purchases and 18 sales since January 10, 2018. $3.63M worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by Rencher Bradley on Wednesday, January 24. GESCHKE CHARLES M also sold $3.97 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) shs. 50,775 Adobe Systems Incorporated (NASDAQ:ADBE) shs with value of $10.16M were sold by THOMPSON MATTHEW. Lewnes Ann sold $680,503 worth of stock. Another trade for 30,000 shs valued at $5.97 million was made by LAMKIN BRYAN on Wednesday, January 31. NARAYEN SHANTANU sold $32.66M worth of stock or 165,023 shs.

Adobe Systems Incorporated (NASDAQ:ADBE) Ratings Coverage

Total analysts of 20 have positions in Adobe (NASDAQ:ADBE) as follows: 16 rated it a “Buy”, 0 with “Sell” and 4 with “Hold”. The positive are 80%. The firm has $280 highest while $210.0 is the lowest target price. The average target $256.33 is 5.97% above the last ($241.88) price. Since January 2, 2018 according to StockzIntelligence Inc Adobe has 32 analyst reports. On Friday, March 16 the rating was maintained by Morgan Stanley with “Equal-Weight”. In Tuesday, January 2 report Stephens maintained the stock with “Buy” rating. The company rating was maintained by Canaccord Genuity on Friday, March 16. On Monday, March 12 the company was maintained by Credit Suisse. On Thursday, March 15 the firm has “Buy” rating by RBC Capital Markets given. On Friday, June 15 Stifel Nicolaus maintained Adobe Systems Incorporated (NASDAQ:ADBE) with “Buy” rating. On Friday, June 15 Rosenblatt maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating. Rosenblatt has “Buy” rating and $26500 target. On Monday, March 26 JMP Securities downgraded the shares of ADBE in report to “Hold” rating. The stock rating was maintained by Canaccord Genuity with “Buy” on Tuesday, January 23. On Friday, March 16 the rating was maintained by Stephens with “Buy”.

For more Adobe Systems Incorporated (NASDAQ:ADBE) news posted recently go to: Seekingalpha.com, Seekingalpha.com, Fool.com, Fool.com or Seekingalpha.com. The titles are as follows: “Adobe: The Dangers Of Buying At The Top” posted on June 15, 2018, “Adobe: Strong Growth Is Inevitable” on June 19, 2018, “3 Things Adobe Executives Can’t Stop Talking About” with a publish date: June 24, 2018, “Why Adobe Systems Stock Jumped 12.5% in May” and the last “Adobe Systems -3% despite Q2 beats (update)” with publication date: June 14, 2018.

Adobe Systems Incorporated (NASDAQ:ADBE) Analyst Ratings Chart

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