Adobe Systems Incorporated (ADBE) Stake Decreased by Oppenheimer Asset Management Inc

Joanna Estrada
December 8, 2017

McEwen Mining Inc. (NYSE:MUX) has risen 12.45% since December 7, 2016 and is uptrending. It has outperformed by 3.70% the S&P500. First Republic Investment Management Inc. owned about 0.06% of Adobe Systems worth $45,516,000 at the end of the most recent reporting period. Howe & Rusling Inc sold 2,649 shares as the company's stock rose 14.01% with the market. The company's market cap is $82.67 Billion, and the average volume is 2.82 Million. The stock increased 2.74% or $4.59 during the last trading session, reaching $172.13. Congress Asset Mngmt Co Ma has 1.23% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 487,209 shares.

Adobe Systems Incorporated (ADBE) opened at $173.52 on Thursday. It has outperformed by 25.59% the S&P500. Therefore 33% are positive. The firm has "Buy" rating given on Friday, December 11 by Pivotal Research. Goldman Sachs maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, September 21 with "Neutral" rating. (NASDAQ:CBFV) has "Outperform" rating given on Thursday, August 20 by Wood. The firm has "Buy" rating given on Sunday, October 8 by RBC Capital Markets. $311,035 worth of stock was sold by Lewnes Ann on Wednesday, June 14. Canaccord Genuity maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, September 21 with "Buy" rating.

The performance for the week for Adobe Systems Incorporated is -1.88% following the monthly performance of -4.03%. Five research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock.

Adobe Systems Incorporated has a beta of 0.97, offering the possibility of a higher rate of return, but also posing more risk. During the same period in the previous year, the business posted $0.75 earnings per share. After $0.90 actual EPS reported by Adobe Systems Incorporated for the previous quarter, Wall Street now forecasts 6.67% EPS growth.

Since June 14, 2017, it had 0 insider purchases, and 1 insider sale for $311,035 activity.

Adobe Systems Incorporated most recently reported earnings per share (EPS) of $1.1 for the August 2017 versus $0.75 in the same quarter a year ago, representing 47% growth. TSLA has lost -0.78% in the 1-month period. Moreover, Bnp Paribas Arbitrage has 0.12% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 284,245 shares. 117 funds opened positions while 294 raised stakes. The software company reported $1.10 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.01 by $0.09. When we look at the Volatility of the company, Week Volatility is at 4.39% whereas Month Volatility is at 1.97%. Amer Intl Group Inc owns 222,539 shares. Shelton Capital Mgmt has 0.42% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 42,004 shares. Ifc Holding Fl stated it has 13,916 shares or 0.18% of all its holdings. BARING ASSET MANAGEMENT Ltd increased its holdings in shares of Adobe Systems by 12.0% in the 2nd quarter. Us Natl Bank De holds 78,544 shares or 0.04% of its portfolio. Guggenheim Ltd Limited Liability Company holds 0.24% or 638,030 shares in its portfolio. About 3.77M shares traded or 29.68% up from the average. Intrust State Bank Na, a Kansas-based fund reported 8,149 shares. (NASDAQ:RVNC). Great West Life Assurance Can holds 2,553 shares or 0% of its portfolio. 35,102 are held by Umb Bank N A Mo. Art Advsr Limited Co accumulated 11,700 shares.

Investors sentiment increased to 1.96 in Q2 2017. Its up 0.10, from 1 in 2017Q1. It fall, as 72 investors sold AMGN shares while 463 reduced holdings. Segall Bryant And Hamill Ltd Llc holds 2.08% or 624,059 shares in its portfolio. Comerica Bankshares stated it has 0.39% in Amgen Inc. (NASDAQ:HMST). Qs Invsts Lc holds 0.02% or 100,890 shares. Netflix Inc (NASDAQ:NFLX) was raised too. Arrowmark Colorado Holdg Limited has invested 0.67% in Revance Therapeutics, Inc. (NASDAQ:HMST). 89,710 were reported by Prudential Inc. Victory Mgmt Inc reported 34,875 shares. Manning Napier Advisors Ltd Liability Corporation reported 204,515 shares. Pointstate Lp invested 0.13% in Revance Therapeutics, Inc. (NASDAQ:HMST). Ameriprise Fincl holds 0.01% of its portfolio in HomeStreet, Inc. (NASDAQ:RVNC) or 600 shares. 814 are owned by Sei.

Analysts await Revance Therapeutics, Inc. (NASDAQ:HMST) to report earnings on January, 22. During the same period past year, the business earned $0.75 EPS. HMST's profit will be $10.75 million for 18.66 P/E if the $0.40 EPS becomes a reality.

Mairs & Power Inc decreased Gentherm Inc (THRM) stake by 7.12% reported in 2017Q2 SEC filing. Therefore 40% are positive. Adobe Systems had 125 analyst reports since August 11, 2015 according to SRatingsIntel. As per Tuesday, November 29, the company rating was downgraded by Wood. Barclays reaffirmed a "buy" rating and issued a $167.00 target price on shares of Adobe Systems in a report on Friday, September 15th. (NASDAQ:HMST) on Thursday, June 1 with "Buy" rating. Wood downgraded CB Financial Services, Inc. (NASDAQ:HMST) rating on Tuesday, December 20. The firm has "Overweight" rating given on Wednesday, October 7 by JP Morgan. (NASDAQ:AMGN) on Friday, July 31 with "Outperform" rating.

When investors are considering buying a new stock, they often want to know the general Wall Street consensus on the company - by checking out the average analyst rating, for instance. As per Thursday, October 19, the company rating was maintained by Credit Suisse.

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