The IBM Retirement Fund Has $4993000 Position in Adobe Systems Inc. (ADBE)

Joanna Estrada
November 17, 2017

As per Thursday, June 8, the company rating was maintained by BMO Capital Markets. RBC Capital Markets restated an "outperform" rating and issued a $116.00 target price (up previously from $115.00) on shares of Adobe Systems in a report on Thursday, September 22nd. The company has a market cap of $88,770.00, a PE ratio of 54.61, a PEG ratio of 3.08 and a beta of 1.05. They expect $0.76 EPS, up 15.15% or $0.10 from last year's $0.66 per share. 1,047,896 shares of the company traded hands. It is down 0.00% since November 16, 2016 and is. It has underperformed by 16.70% the S&P500.

Soros Fund Management Llc decreased Adobe Sys Inc (ADBE) stake by 71.43% reported in 2017Q2 SEC filing. The software company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.04. Adobe Systems Inc now has a P/E ratio of 57.36 and market cap is 89.88B. Given that liquidity is king in short-term, ADBE is a stock with 493.49 million shares outstanding that normally trades 1% of its float. About 4 shares traded. It has outperformed by 25.59% the S&P500.

Investors sentiment increased to 1.1 in 2017 Q2. Its up 0.03, from 1 in 2017Q1. It is positive, as 49 investors sold ADBE shares while 326 reduced holdings.

IBM Retirement Fund cut its stake in Adobe Systems Inc. Given that its average daily volume over the 30 days has been 2.61 million shares a day, this signifies a pretty significant change over the norm. Telemus has invested 0.5% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). It also upped Royal Dutch Shell Plc stake by 45,688 shares and now owns 51,576 shares. 7,740 are owned by Fukoku Mutual Life Insur.

Adobe Systems (NASDAQ:ADBE) last issued its quarterly earnings data on Tuesday, September 19th. Deltec Asset Management Lc has invested 1.14% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Finally, Pivotal Research raised shares of Adobe Systems from a "sell" rating to a "hold" rating and lifted their price objective for the company from $118.00 to $160.00 in a report on Wednesday, October 18th. Pitcairn Co accumulated 0.66% or 38,611 shares. Moreover, Polen Capital Management Llc has 4.29% invested in the company for 3.97 million shares. Mai Capital stated it has 31,954 shares. 350 were accumulated by Northwest Counselors Limited Liability Company. Bryn Mawr Trust Company holds 0.01% or 1,500 shares in its portfolio. Bradley Foster And Sargent Ct holds 0.73% or 128,364 shares. 18,680 are held by Acadian Asset Management Ltd Liability Corp. San Francisco Sentry Inv Grp Inc (Ca) owns 10,014 shares or 0.5% of their U.S. portfolio. The firm has "Hold" rating given on Friday, March 11 by Noble Financial.

Since June 14, 2017, it had 0 insider purchases, and 1 insider sale for $311,035 activity. According to a recent spotcheck, company Adobe Systems Incorporated (NASDAQ:ADBE) have been seen trading -1.41% away from the 50- day high. Therefore 79% are positive. First Midwest Bank Trust Division increased its stake in shares of Adobe Systems by 11.7% in the 3rd quarter. On Wednesday, September 21 the stock rating was maintained by Pacific Crest with "Overweight". The rating was maintained by Canaccord Genuity on Wednesday, September 20 with "Buy". On Tuesday, December 8 the stock rating was maintained by Deutsche Bank with "Buy". The stock has "Buy" rating by Jefferies on Thursday, October 19. Bank of America maintained it with "Buy" rating and $213 target in Thursday, October 19 report. The company was maintained on Wednesday, September 20 by Jefferies. The firm has "Outperform" rating given on Friday, March 24 by Credit Suisse. UBS has "Buy" rating and $122 target. Bremer Natl Association has invested 0.29% in Adobe Systems Incorporated (NASDAQ:ADBE). More interesting news about Adobe Systems Incorporated (NASDAQ:ADBE) were released by: "Investorplace.com and their article: "Adobe Systems Incorporated Will Head Higher â€" Much Higher" published on October 19, 2017 as well as Investorplace.com's news article titled: "Why You Should Buy Adobe Systems Incorporated Stock" with publication date: "November 10, 2017.

Since June 16, 2017, it had 1 buy, and 0 selling transactions for $338,998 activity. Six investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company. Acorda Therapeutics had 31 analyst reports since August 25, 2015 according to SRatingsIntel. The rating was maintained by S&P Research on Friday, August 14 with "Buy". Wunderlich maintained it with "Hold" rating and $94 target in Friday, December 11 report. The stock of Cumulus Media Inc (NASDAQ:CMLS) earned "Hold" rating by Noble Financial on Tuesday, August 15. Cumulus Media Inc (NASDAQ:CMLS) has declined 79.39% since November 17, 2016 and is downtrending. The stock of Cumulus Media Inc (NASDAQ:CMLS) earned "Hold" rating by Noble Financial on Friday, November 10.

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