Adobe Systems Inc (NASDAQ:ADBE) Sentiment Increased to 0.9, Despite

June 27, 2018 - By Ashley Edward

Adobe Systems Incorporated (NASDAQ:ADBE) Corporate Logo

Positions for Adobe Systems Inc (NASDAQ:ADBE)

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

Significant Adobe Systems Inc Investors

Family Capital Trust Co owns 422,892 shares in Adobe Systems Inc as of Q1 2018. Adobe Systems Inc’s shareholder Polen Capital Management Llc owns 6.46 million shares as of Q1 2018. 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 professional’s stock portfolio in Adobe Systems Inc. The United Kingdom-based fund Trinity Street Asset Management Llp holds 170,206 shares or 6.87% of their portfolio.

Adobe Systems Incorporated operates as a diversified software firm worldwide.The company has $119.12 billion market cap. 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.

Ticker’s shares touched $241.88 during the last trading session after 0.15% change.Adobe Systems Incorporated has volume of 1.04M shares. Since June 27, 2017 ADBE has risen 70.50% and is uptrending. The stock outperformed the S&P500 by 57.93%.

33,101 are held by Meritage Port. Sg Americas Ltd invested 0.08% of its capital in Adobe Systems Incorporated (NASDAQ:ADBE). Us Fincl Bank De has 78,997 shs. Callahan Advsr Ltd reported 1,575 shs or 0.07% of all its holdings. Bedrijfstakpensioenfonds Voor De Media Pno reported 91,000 shs stake. Wells Fargo & Comm Mn invested in 0.15% or 2.35M shs. Moreover, Sumitomo Mitsui Tru Hldgs Inc has 0.44% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 1.57 million shs. Point72 Asset Mngmt L P invested in 23,222 shs or 0.02% of the stock. Barrett Asset Ltd Llc owns 5,835 shs. Papp L Roy & Associates holds 0.75% of its capital in Adobe Systems Incorporated (NASDAQ:ADBE) for 18,100 shs. Congress Asset Management Ma owns 411,850 shs. Private Asset Mngmt holds 0.05% or 1,450 shs in its capital. 9,651 were accumulated by Rafferty Asset Mgmt Lc. Illinois-based Ubs Asset Mngmt Americas has invested 0% in Adobe Systems Incorporated (NASDAQ:ADBE). Cleararc Incorporated, a Ohio-based fund reported 12,552 shs.

Adobe Systems Incorporated had 18 sales and 0 insider purchases since January 10, 2018. This’s net activity of $89.91 million. $3.97 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by GESCHKE CHARLES M on Wednesday, January 10. Lewnes Ann sold $696,048 worth of stock or 2,942 shs. 50,775 shs valued at $10.16M were sold by THOMPSON MATTHEW on Friday, January 26. On Thursday, March 29 WARNOCK JOHN E sold $3.03M worth of Adobe Systems Incorporated (NASDAQ:ADBE). $32.66 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) shs were sold by NARAYEN SHANTANU. $3.63M worth of Adobe Systems Incorporated (NASDAQ:ADBE) shs were sold by Rencher Bradley.

Adobe Systems Incorporated (NASDAQ:ADBE) Ratings Coverage

In total 20 analysts cover Adobe (NASDAQ:ADBE). “Buy” rating has 16, “Sell” are 0, while 4 are “Hold”. 80% are bullish. With $280 highest and $210.0 lowest PT Adobe has $256.33 average PT or 5.97% above the current ($241.88) price. 32 are the (NASDAQ:ADBE)’s analyst reports since January 2, 2018 according to StockzIntelligence Inc. On Tuesday, June 12 the company was maintained by Barclays Capital. The stock rating was maintained by Jefferies with “Buy” on Wednesday, January 24. On Friday, June 15 Stifel Nicolaus maintained Adobe Systems Incorporated (NASDAQ:ADBE) with “Buy” rating. On Tuesday, January 2 the firm has “Buy” rating by Stephens given. On Monday, March 12 the company was maintained by Credit Suisse. On Friday, March 16 the firm has “Buy” rating by Cowen & Co given. On Friday, March 16 the stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Buy” rating given by Canaccord Genuity. On Friday, March 16 Stephens maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating. Stephens has “Buy” rating and $270.0 target. On Tuesday, January 23 the stock has “Buy” rating by Bernstein. On Friday, June 15 the firm has “Buy” rating given by Rosenblatt.

For more Adobe Systems Incorporated (NASDAQ:ADBE) news published recently go to: Seekingalpha.com, Seekingalpha.com, Fool.com, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “Adobe: Strong Growth Is Inevitable” published on June 19, 2018, “Adobe Systems -3% despite Q2 beats (update)” on June 14, 2018, “3 Things Adobe Executives Can’t Stop Talking About” with a publish date: June 24, 2018, “Adobe: The Dangers Of Buying At The Top” and the last “Will Adobe Pop After Earnings?” with publication date: June 13, 2018.

Adobe Systems Incorporated (NASDAQ:ADBE) Analyst Ratings Chart

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