Will Adobe Systems Incorporated (ADBE) Run Out of Steam Soon?

Banse Amy bought $199,520 worth of stock. FMR LLC now owns 35,647,268 shares of the software company's stock valued at $5,041,950,000 after buying an additional 1,651,762 shares during the last quarter. The shares were sold at an average price of $108.13, for a total value of $145,759.24.

Adobe Systems Incorporated (NASDAQ:ADBE) traded up $6.13 on Friday, hitting $195.05. It has outperformed by 25.59% the S&P500.

Kiltearn Partners Llp increased its stake in Invesco Ltd (IVZ) by 0.66% based on its latest 2017Q3 regulatory filing with the SEC. TCI Wealth Advisors Inc. now owns 1,104 shares of the software company's stock worth $120,000 after buying an additional 110 shares in the last quarter. Egerton Capital Uk Llp bought 337,678 shares as the company's stock rose 14.01% with the market. Stephens Inc who had been investing in Adobe Sys Inc for a number of months, seems to be less bullish one the $95.72 billion market cap company. The stock had a trading volume of 1,140,963 shares, compared to its average volume of 3,000,000. Following the completion of the transaction, the director now directly owns 16,088 shares in the company, valued at approximately $2,802,529.60. EOG Resources, Inc. (NYSE:EOG) has risen 17.15% since January 12, 2017 and is uptrending.

Bienville Capital Management LLC increased its stake in Adobe Systems by 1.6% in the 2nd quarter. Its down 0.06, from 0.93 in 2017Q2.

Several hedge funds have recently made changes to their positions in ADBE. The software company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.10. Argent owns 2,617 shares. Adobe Systems now has $92.24 billion valuation. They expect $0.91 EPS, up 18.18% or $0.14 from last year's $0.77 per share. Shine Invest Advisory Ser reported 2,583 shares. Glg Ptnrs L P has invested 0.38% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Timessquare Mgmt Ltd Co reported 16,640 shares.

ILLEGAL ACTIVITY NOTICE: "Adobe Systems Incorporated (ADBE) Shares Sold by Lathrop Investment Management Corp" was originally reported by The Lincolnian Online and is owned by of The Lincolnian Online. During the same period in the prior year, the firm posted $0.90 earnings per share. sell-side analysts forecast that Adobe Systems Incorporated will post 4.58 earnings per share for the current year. Capital Counsel LLC NY now owns 4,273 shares of the software company's stock valued at $604,000 after buying an additional 43 shares during the last quarter. Ing Groep Nv accumulated 70,533 shares. Carnegie Asset Lc, a Ohio-based fund reported 1,168 shares. Df Dent Communications holds 3.1% or 819,793 shares. Kames Capital Pcl holds 0.38% or 93,839 shares in its portfolio. Geode Management Limited Liability Co has invested 0.28% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE).

Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 29 have Buy rating, 0 Sell and 9 Hold. Therefore 74% are positive. EOG Resources had 111 analyst reports since July 22, 2015 according to SRatingsIntel. They now have an outperform rating on the software company's stock. Cowen & Co maintained it with "Buy" rating and $165.0 target in Wednesday, September 20 report. The firm earned "Market Perform" rating on Thursday, August 11 by Raymond James. As per Thursday, October 19, the company rating was maintained by Canaccord Genuity. The firm has "Buy" rating by Robert W. Baird given on Friday, December 15. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned "Buy" rating by Credit Suisse on Thursday, October 19.

Since August 9, 2017, it had 1 buy, and 7 insider sales for $6.56 million activity. Another trade for 6,800 shares valued at $1.18 million was sold by WARNOCK JOHN E. $3.97 million worth of stock was sold by GESCHKE CHARLES M on Wednesday, January 10. 1,953 shares were sold by Lewnes Ann, worth $286,466. Shares for $379,784 were sold by THOMPSON MATTHEW on Monday, October 23.

Investors sentiment is 0.88 in Q3 2017. Its up 0.01, from 1.1 in 2017Q2. It also increased its holding in Vanguard Index Fds (VNQ) by 7,097 shares in the quarter, for a total of 40,537 shares, and has risen its stake in Ishares Tr (EFA). 133 funds opened positions while 451 raised stakes. Deutsche Bank & Trust Ag reported 1.27M shares. Jp Marvel Investment Ltd Llc stated it has 0.68% of its portfolio in Danaher Corporation (NYSE:DHR). Institute For Wealth Mgmt Lc accumulated 24,586 shares. Folger Nolan Fleming Douglas Cap reported 0.3% stake. Asset Mngmt Inc has 118,710 shares for 0.3% of their portfolio. Cullen Frost Bankers has invested 0.9% in Celgene Corporation (NASDAQ:CELG). Barclays Public Ltd Limited Liability Company invested 0.05% in Adobe Systems Incorporated (NASDAQ:ADBE). Brown Brothers Harriman holds 3,859 shares or 0% of its portfolio. 152,410 were reported by Wesbanco Natl Bank Inc. Icon Advisers stated it has 32,580 shares or 0.34% of all its holdings. Finemark Bancorp Trust holds 0.13% or 13,511 shares. Cape Cod Five Cents Bankshares reported 0.05% of its portfolio in Celgene Corporation (NASDAQ:CELG). Kepos Cap LP owns 7,837 shares or 0.2% of their USA portfolio. Therefore 34% are positive. After $1.05 actual EPS reported by Adobe Systems Incorporated for the previous quarter, Wall Street now forecasts 0.95% EPS growth. Wood maintained the stock with "Outperform" rating in Friday, October 14 report. The firm has "Hold" rating by Pivotal Research given on Thursday, January 12. Jefferies maintained the stock with "Buy" rating in Friday, September 29 report. As per Thursday, June 22, the company rating was maintained by BMO Capital Markets. The firm has "Hold" rating given on Wednesday, September 20 by Wells Fargo. The rating was upgraded by RBC Capital Markets to "Sector Perform" on Tuesday, August 11. On Monday, September 4 the stock rating was maintained by Peel Hunt with "Add". Deutsche Bank has "Buy" rating and $33 target. As per Friday, December 15, the company rating was maintained by Piper Jaffray. Warren Averett Asset Limited Co has 0.08% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 2,442 shares.

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