What's in Adobe Systems Incorporated (ADBE) After Achieving All-Time High?

Canaccord Genuity reissued a "buy" rating and set a $170.00 price target (up from $165.00) on shares of Adobe Systems in a research report on Wednesday, September 20th. Platinum Investment Management Ltd who had been investing in Schlumberger Ltd for a number of months, seems to be bullish on the $106.73B market cap company. The stock increased 2.62% or $4.95 during the last trading session, reaching $193.87. Celgene Corporation (NASDAQ:CELG) has risen 17.00% since January 12, 2017 and is uptrending. It has outperformed by 0.45% the S&P500.

Triangle Securities Wealth Management increased its stake in Adobe Sys Inc (ADBE) by 79.29% based on its latest 2017Q3 regulatory filing with the SEC.

C M Bidwell & Associates Ltd, which manages about $447.15 million and $65.08M US Long portfolio, decreased its stake in Cabot Oil & Gas (NYSE:COG) by 95,640 shares to 8,165 shares, valued at $218,000 in 2017Q3, according to the filing. Fic Capital Inc who had been investing in Adobe Systems for a number of months, seems to be less bullish one the $96.15 billion market cap company. The stock decreased 0.22% or $0.33 during the last trading session, reaching $151.16. About 687,673 shares traded.

Adobe Systems (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, December 14th. It has outperformed by 25.59% the S&P500.

Among 6 analysts covering Civitas Solutions (NYSE:CIVI), 5 have Buy rating, 0 Sell and 1 Hold. It dropped, as 67 investors sold EOG shares while 337 reduced holdings. 58 funds opened positions while 187 raised stakes. New York State Teachers Retirement System stated it has 0% of its portfolio in Vonage Holdings Corp.

Investors sentiment increased to 0.79 in 2017 Q3. Amer Rech And Management reported 956 shares. South Texas Money Management Limited accumulated 369,726 shares. BB&T Investment Services Inc. now owns 923 shares of the software company's stock valued at $138,000 after purchasing an additional 275 shares in the last quarter. The institutional investor owned 31,364 shares of the software company's stock after selling 4,907 shares during the quarter. 24,800 are held by Omers Administration Corp. Fort Washington Invest Advsr Oh owns 78,043 shares. Nomura holds 0.04% or 117,325 shares in its portfolio. First Fincl Bank Of Hutchinson holds 5,831 shares. Decatur Mngmt invested 2.28% of its portfolio in Celgene Corporation (NASDAQ:CELG). Following the completion of the transaction, the director now owns 16,088 shares in the company, valued at approximately $2,802,529.60.

Analysts await Schlumberger Limited (NYSE:SLB) to report earnings on January, 19. Therefore 83% are positive. Dicerna Pharmaceuticals had 17 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has "Buy" rating by Pivotal Research on Wednesday, September 21. The firm has "Buy" rating given on Sunday, July 30 by RBC Capital Markets. The firm earned "Buy" rating on Tuesday, January 2 by Stephens. The rating was maintained by RBC Capital Markets on Monday, November 6 with "Hold". As per Friday, February 12, the company rating was maintained by Oppenheimer. (NYSE:VG) rating on Wednesday, September 14. JP Morgan has "Overweight" rating and $100 target.

Since October 19, 2017, it had 0 insider buys, and 4 sales for $10.59 million activity. The shares were sold at an average price of $174.20, for a total transaction of $1,184,560.00. Therefore 77% are positive. Adobe Systems had 135 analyst reports since August 11, 2015 according to SRatingsIntel. Adobe Systems Incorporated has a 12-month low of $107.06 and a 12-month high of $195.50. ADBE's latest closing price was 22.22% away from the average price of 200 days while it maintained a distance of 4.61% from the 50 Day Moving Average and 5.53% away compared to its SMA 20.

More notable recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Seekingalpha.com which released: "For Adobe, Cloud Gains Have Just Begun" on December 21, 2017, also Seekingalpha.com with their article: "Adobe: Getting Better By The Quarter" published on December 18, 2017, Seekingalpha.com published: "Adobe: Strong Finish To 2017" on December 16, 2017. The company was upgraded on Friday, March 17 by Wunderlich. RBC Capital Markets maintained the shares of IVZ in report on Thursday, July 27 with "Buy" rating. The stock of Schlumberger Limited (NYSE:SLB) has "Sell" rating given on Monday, April 25 by Griffen Securities. The firm has "Buy" rating by Canaccord Genuity given on Thursday, October 19. Robert W. Baird has "Neutral" rating and $85.0 target. The rating was maintained by Argus Research with "Buy" on Monday, December 14.

In other news, Director John E. Warnock sold 6,800 shares of Adobe Systems stock in a transaction dated Friday, October 20th. Adage Cap Ptnrs Grp Inc Ltd Llc accumulated 708,828 shares. Another trade for 3,135 shares valued at $429,417 was sold by Larrimer Karen L. The insider Reilly Robert Q sold $2.85M. On Monday, December 18 the insider Banse Amy bought $199,520. The stock exchanged hands with 1,804,363 numbers of shares compared to its average daily volume of 2.90M shares. Findlay Park Prtn Llp reported 2.42% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). They expect $0.45 EPS, up 66.67% or $0.18 from last year's $0.27 per share. ADBE's profit will be $522.52M for 44.56 P/E if the $1.06 EPS becomes a reality. The software company reported $1.26 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.16 by $0.10.

Investors sentiment increased to 1.3 in 2017 Q3. Its up 0.01, from 1.1 in 2017Q2.

Investors and Traders continue to monitor technical levels of shares of Adobe Systems Incorporated (ADBE). Zacks Investment Research downgraded shares of Adobe Systems from a buy rating to a hold rating in a report on Tuesday, November 22nd. Pittenger Anderson accumulated 1,580 shares. Hedge funds and other institutional investors own 87.08% of the company's stock. Adirondack owns 3,617 shares for 0.2% of their portfolio. (NASDAQ:DRNA). Fmr Ltd Liability Corporation reported 1.47M shares. Sg Americas Limited Liability Com reported 126,255 shares or 0.01% of all its holdings. Moreover, Messner & Smith Theme Value Investment Management Ltd Ca has 0.68% invested in the company for 7,740 shares. Prudential Plc has 0% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Commonwealth Bancshares Of holds 0.03% or 40,871 shares in its portfolio. Engineers Gate Manager Limited Partnership holds 0.43% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 34,283 shares.

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