Adobe Systems Incorporated (ADBE) Stake Increased by First Republic Investment Management Inc

Adobe Systems Incorporated (ADBE) Stake Increased by First Republic Investment Management Inc

The Connors Investor Services Inc holds 58,610 shares with $8.29M value, down from 119,741 last quarter. Brown Advisory Inc who had been investing in Adobe Sys Inc for a number of months, seems to be less bullish one the $84.41 billion market cap company. On the stock's most recent trading day, the company's shares ended the regular session at $173.52, which is 6.84% lower than its 52-week high. There were 52 sold out positions, on the other hand, totaling 1,119,824 shares.

The EPS this year for Adobe Systems Incorporated, ADBE is 3.18 following the EPC growth of next year of 30.69%. It has outperformed by 24.93% the S&P500. The stock decreased 1.05% or $0.02 during the last trading session, reaching $1.88. About 3.77M shares traded or 29.68% up from the average. McEwen Mining Inc. (NYSE:MUX) has risen 12.45% since December 7, 2016 and is uptrending. It has outperformed by 17.85% the S&P500.

On a similar note, analysts expect EPS of $0.96 in November 2017 quarter and $1.05 in February 2018 quarter, representing 15.66% and 34.62% growth, respectively. Moreover, Aberdeen Asset Mgmt Public Limited Co Uk has 0.05% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 112,647 shares.

Three months ago, on the other hand, the average analyst rating for Adobe Systems Incorporated (ADBE) was a Moderate Buy - from a survey of 21 analysts. Therefore 33% are positive. Adobe Systems had 125 analyst reports since August 11, 2015 according to SRatingsIntel. BidaskClub cut shares of Adobe Systems from a "strong-buy" rating to a "buy" rating in a report on Wednesday. The rating was maintained by KeyBanc Capital Markets with "Overweight" on Wednesday, November 22. The firm has "Buy" rating given on Sunday, October 8 by RBC Capital Markets. Finally, Wells Fargo & Company reaffirmed a "hold" rating and issued a $145.00 target price (up from $127.50) on shares of Adobe Systems in a report on Wednesday, September 20th. Advisory Serv Ntwk Ltd Limited Liability Company holds 0.23% in Adobe Systems Incorporated (NASDAQ:ADBE) or 12,320 shares. Of the analysts who provided ratings, 4 rated the company a Hold, 1 rated it a Moderate Buy, and 16 rated it a Strong Buy. The company was maintained on Friday, October 6 by Robert W. Baird. Barclays reaffirmed a "buy" rating and issued a $167.00 target price on shares of Adobe Systems in a report on Friday, September 15th.

Adobe Systems (NASDAQ:ADBE) last released its quarterly earnings results on Tuesday, September 19th. During the same period in the prior year, the company posted $0.75 EPS. ADBE's profit will be $473.22 million for 45.19 P/E if the $0.96 EPS becomes a reality.

Adobe Systems (ADBE) traded up $1.09 during trading hours on Thursday, hitting $174.61.

Mairs & Power Inc increased Oasis Petroleum Inc (NYSE:OAS) stake by 121,400 shares to 352,620 valued at $2.84M in 2017Q2. Apple Inc (NASDAQ:AAPL) was reduced too.

Adobe Systems Incorporated most recently reported earnings per share (EPS) of $1.1 for the August 2017 versus $0.75 in the same quarter past year, representing 47% growth. Supported by a string of factors, sector saw a change of 0.10 closing at 15426.14Total Money flow for the day ended at $272.51mn with tick up at $10150.34mn and tick down at $9877.83mn led to up /down ratio of 1.03x. The correct version of this report can be viewed at https://www.truebluetribune.com/2017/12/07/segall-bryant-hamill-llc-sells-13644-shares-of-adobe-systems-incorporated-adbe.html.

Wall Street analysts, on average, are forecasting the company's EPS to be 1.16, compared to 0.9 reported in the same quarter past year. Arete Wealth Advsr Llc holds 0.09% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 1,447 shares. Intrust State Bank Na, a Kansas-based fund reported 8,149 shares. Bb&T Secs Limited Liability, Virginia-based fund reported 16,825 shares. It last reported revenues of $2.98 billion and EPS of -$2.92 for the September 2017, representing 30% top-line growth and 0.71 EPS growth. Segall Bryant And Hamill Ltd Llc holds 2.08% or 624,059 shares in its portfolio. Adobe Systems Incorporated has 493.43 million shares outstanding, and in the last trade has seen ATR around 4.13. Lederer Associate Investment Counsel Ca reported 2.16% stake.

With an estimated value of 25.55 for 2017, Adobe Systems Incorporated has a P/E ratio of 54.58. 35,102 are held by Umb Bank N A Mo. Planning Corporation reported 0.03% stake. On a similar note, the stock is 2.65% above its 50-day moving average, providing a measure of support for short positions.

Revance Therapeutics, Inc., a biotechnology company, engages in the development, manufacturing, and commercialization of novel botulinum toxin products for various aesthetic and therapeutic indications. Amgen Inc now has $127.92B valuation.

Investors sentiment decreased to 1.15 in Q2 2017. Its up 0.99, from 0.97 in 2017Q1. Bancorpsouth has 4,435 shares. Spirit Of America Management Ny invested in 4,200 shares or 0.06% of the stock. Comerica Bankshares stated it has 0.39% in Amgen Inc.

According to Finviz reported data, The SMA20 of the stock is at -7.63 percent, SMA50 is -0.62 percent, while SMA200 is 14.39 percent. Arrowmark Colorado Holdg Limited has invested 0.67% in Revance Therapeutics, Inc. Bp Pcl stated it has 56,000 shares or 0.29% of all its holdings. (NASDAQ:RVNC). Vanguard Gru has invested 0% of its portfolio in Revance Therapeutics, Inc. (NASDAQ:HMST). 89,710 were reported by Prudential Inc. (NASDAQ:HMST). Qs Invsts Lc holds 0.02% or 100,890 shares. Pnc Fin Serv Grp Incorporated Inc reported 144,220 shares.

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