Favorable Media Coverage Somewhat Unlikely to Impact Adobe Systems (ADBE) Stock Price

Joanna Estrada
September 25, 2017

Capital Advisors Ltd. LLC acquired a new stake in shares of Adobe Systems in the second quarter valued at about $100,000. Twin Capital Management Inc. now owns 89,501 shares of the software company's stock valued at $12,659,000 after purchasing an additional 11,531 shares during the last quarter. Adobe Systems Inc now has $73.27B valuation. The stock decreased 0.54% or $0.8 on September 22, reaching $148.5. About 2.93 million shares traded or 42.23% up from the average.

Adobe Systems (NASDAQ:ADBE) last issued its quarterly earnings data on Tuesday, September 19th. It has outperformed by 47.36% the S&P500. The software company reported $1.10 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.01 by $0.09. IBTX's profit would be $24.73M giving it 16.47 P/E if the $0.89 EPS is correct.

The stock increased 0.76% or $0.29 on September 22, reaching $38.51. Following the transaction, the director now directly owns 8,801 shares in the company, valued at approximately $1,264,791.71.

Among 9 analysts covering Independent Bank Group Inc (NASDAQ:IBTX), 6 have Buy rating, 0 Sell and 3 Hold.

ADBE has been the topic of several other reports. The rating was upgraded by Atlantic Securities to "Overweight" on Wednesday, October 14. The firm has "Equal-Weight" rating given on Wednesday, December 9 by Stephens. The company has an average rating of Buy and a consensus target price of $158.25. The stock of Gerresheimer AG (ETR:GXI) earned "Hold" rating by Commerzbank on Friday, July 15. The stock of Independent Bank Group Inc (NASDAQ:IBTX) has "Buy" rating given on Monday, June 26 by Stephens. On Friday, September 1 the stock rating was maintained by Piper Jaffray with "Buy". The firm earned "Outperform" rating on Thursday, January 5 by BMO Capital Markets.

Independent Bank Group, Inc.is a bank holding company.

HFF, Inc.is a holding company. It has a 46.72 P/E ratio.

Investors sentiment increased to 1.1 in 2017 Q2. Its up 0.10, from 1 in 2017Q1.

More notable recent Monsanto Company (NYSE:MON) news were published by: Reuters.com which released: "Monsanto to sell its cotton seed brand to India's Tierra Agrotech" on September 08, 2017, also Nasdaq.com with their article: "Monsanto (MON) Upgraded to Buy on Robust Growth Drivers" published on September 14, 2017, Bizjournals.com published: "Monsanto exec key to merger talks resigns" on August 28, 2017. 20 funds opened positions while 52 raised stakes. 5,000 were reported by Capstone Advisors Llc. Westwood Hldgs Gp Inc invested in 29,151 shares or 0.01% of the stock. (NYSE:HF). Fuller And Thaler Asset holds 0% or 10,000 shares in its portfolio. Hightower Advsr Limited Liability Co reported 0.01% stake. Linscomb & Williams has 0.19% invested in Independent Bank Group Inc (NASDAQ:IBTX). Department Mb Bancorporation N A holds 37,575 shares. Acadian Asset Mngmt Ltd reported 18,680 shares or 0.01% of all its holdings. Tarbox Family Office Incorporated holds 223 shares. (NYSE:HF). Citigroup owns 35,028 shares. Jennison Assoc Limited Liability holds 0% of its portfolio in HFF, Inc. Adell Harriman And Carpenter Inc accumulated 11,472 shares. GAM Holding AG now owns 171,056 shares of the software company's stock valued at $24,194,000 after purchasing an additional 36,624 shares during the last quarter. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. Therefore 67% are positive. Robert W. Baird reissued an "outperform" rating and issued a $160.00 price target (up previously from $140.00) on shares of Adobe Systems in a report on Wednesday, June 21st. Argus Research maintained the shares of ADBE in report on Monday, December 14 with "Buy" rating. Credit Suisse maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, January 6 with "Neutral" rating. The rating was maintained by KeyBanc Capital Markets with "Buy" on Thursday, August 24.

Among 5 analysts covering HFF Inc (NYSE:HF), 1 have Buy rating, 0 Sell and 4 Hold. Sequoia Ltd Limited Liability Company invested 0.05% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). The firm has "Perform" rating given on Wednesday, September 2 by Oppenheimer. Robert W. Baird maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Thursday, August 31. The firm has "Hold" rating by Keefe Bruyette & Woods given on Friday, July 28.

Investors sentiment increased to 1.1 in 2017 Q2. Its up 0.10, from 1 in 2017Q1. It improved, as 49 investors sold ADBE shares while 326 reduced holdings.

Hedge funds have recently made changes to their positions in the business. During the same period previous year, the company earned $0.75 earnings per share. Financial Bank Of Montreal Can reported 31 shares. Connors Investor Ser Inc holds 1.3% or 58,610 shares. Dnb Asset Management As accumulated 55,945 shares. The legal version of this piece of content can be accessed at https://weekherald.com/2017/09/25/twin-capital-management-inc-has-12-66-million-stake-in-adobe-systems-incorporated-adbe.html. American And Management, a Massachusetts-based fund reported 44,584 shares. Advsrs Asset Management invested in 0.25% or 104,879 shares. Gareth Morgan Invests Limited Partnership invested 0.31% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Canada Pension Plan Investment Board reported 0.24% stake. Nomura Asset Management owns 83,369 shares or 0.16% of their United States portfolio. Tokio Marine Asset Mngmt Ltd has 5,418 shares. Mckinley Capital Management Ltd Delaware holds 0.12% or 95,439 shares. Friedberg Mgmt accumulated 221,355 shares. The stock of HFF, Inc.

Adobe Systems Incorporated is a software company.

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