Adobe Systems Inc. (ADBE) Received "Purchase" Rating at Deutsche Bank AG

Joanna Estrada
April 29, 2018

The stock decreased 0.00% or $0.01 during the last trading session, reaching $221.9. Paloma Prtnrs Mngmt has 0.01% invested in Adobe Systems Incorporated (NASDAQ:ADBE). It has outperformed by 55.16% the S&P500. Vontobel Asset Management invested in 185,680 shs or 0.23% of the stock. The stock increased 0.44% or $0.28 during the last trading session, reaching $63.22. About 4.53 million shares traded. DaVita Inc. (NYSE:DVA) has declined 2.38% since April 29, 2017 and is downtrending. It has underperformed by 39.00% the S&P500.

Wexford Capital Lp, which manages about $6.34B and $1.17 billion US Long portfolio, decreased its stake in Alaska Air Group Inc (NYSE:ALK) by 6,349 shares to 60,740 shares, valued at $4.47M in 2017Q4, according to the filing. It also reduced its holding in Union Pac Corp (NYSE:UNP) by 3,358 shares in the quarter, leaving it with 63,862 shares, and cut its stake in Microsoft Corp (NASDAQ:MSFT). Ten investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. Therefore 38% are positive. Finally, Cowen and Company increased their price objective on Adobe Systems from $115.00 to $120.00 and gave the company an outperform rating in a research report on Wednesday, September 21st. Cleararc Capital Incorporated reported 12,560 shares or 0.3% of all its holdings. In Tuesday, January 23 report Guggenheim maintained the stock with "Buy" rating. The stock of DaVita Inc. The rating was maintained by JP Morgan with "Neutral" on Tuesday, August 9. The firm earned "Hold" rating on Monday, June 26 by RBC Capital Markets. As per Friday, November 10, the company rating was maintained by Stifel Nicolaus.

Investors sentiment decreased to 0.89 in Q4 2017. Its up 0.36, from 1.33 in 2017Q3. It fall, as 47 investors sold DVA shares while 170 reduced holdings. 58 funds opened positions while 119 raised stakes. Karp Cap reported 8,025 shares. Peak6 Invests Ltd Partnership holds 0.24% or 289,883 shares. (NYSE:DVA) or 31,777 shares. Guardian Life Ins Of America holds 1,597 shares or 0.06% of its portfolio. Pitcairn invested in 34,425 shares. 934 were accumulated by Regions Fincl Corporation. Blair William Company Il holds 1.08% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 909,537 shares. Waratah Advisors owns 7,295 shares or 0.15% of their United States portfolio. (NYSE:DVA) for 175,943 shares. Employees Retirement Systems Of Ohio stated it has 0.02% of its portfolio in KAR Auction Services, Inc. Cibc Markets Inc reported 126,799 shares. (NASDAQ:YNDX), 8 have Buy rating, 0 Sell and 2 Hold. NARAYEN SHANTANU sold $32.66M worth of stock or 165,023 shares. The company was initiated on Tuesday, September 20 by KeyBanc Capital Markets. (NYSE:DVA) was sold by ZUMWALT LEANNE M on Friday, December 8. Twin Mngmt Incorporated owns 99,628 shares. They expect $1.25 EPS, up 54.32% or $0.44 from last year's $0.81 per share. After $1.28 actual earnings per share reported by Adobe Systems Incorporated for the previous quarter, Wall Street now forecasts -2.34% negative EPS growth. Tiemann Inv Advisors Limited Liability Com holds 0.34% of its capital in Adobe Systems Incorporated (NASDAQ:ADBE) for 2,430 shs. Adobe Systems Inc now has $109.28 billion valuation.

Since December 13, 2017, it had 1 buy, and 16 selling transactions for $87.08 million activity.

In other Adobe Systems news, EVP Michael A. Dillon sold 13,331 shares of the business's stock in a transaction that occurred on Monday, October 10th. $10.16M worth of stock was sold by THOMPSON MATTHEW on Friday, January 26. Banse Amy had bought 1,125 shares worth $199,520 on Monday, December 18. LAMKIN BRYAN sold $5.97 million worth of stock. 2,937 shares were sold by Lewnes Ann, worth $680,503. 21,276 shares valued at $3.97 million were sold by GESCHKE CHARLES M on Wednesday, January 10. BidaskClub raised shares of Adobe Systems from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, January 9th. Therefore 72% are positive. Adobe Systems has a 52 week low of $71.27 and a 52 week high of $111.09. On Thursday, March 15 the rating was maintained by RBC Capital Markets with "Buy". The company was maintained on Friday, March 18 by Citigroup. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 66.71% since April 28, 2017 and is uptrending. The company has an average rating of "Hold" and an average price target of $59.50. Tph Asset Management Llc who had been investing in Pg&E Corp for a number of months, seems to be less bullish one the $24.06B market cap company. As per Wednesday, October 14, the company rating was upgraded by Atlantic Securities. Guggenheim has "Buy" rating and $245.0 target.

Circor International Inc (CIR) investors sentiment increased to 1.02 in 2017 Q4. It dropped, as 47 investors sold ADBE shares while 389 reduced holdings.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Adobe Systems by 1.3% in the 4th quarter. Private Advisors has invested 1.91% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). The Texas-based Insurance Tx has invested 0.69% in Adobe Systems Incorporated (NASDAQ:ADBE). Moreover, Marvin And Palmer has 2.65% invested in Adobe Systems Incorporated (NASDAQ:ADBE). 192,300 were reported by Tiger Mgmt Limited Liability Company. North Star Asset Management, a Wisconsin-based fund reported 117,616 shares. Palladium Prns Limited Liability Com accumulated 50,924 shares.

American Assets Trust, a real estate investment trust. Amp Capital Invsts owns 394,541 shares. Mairs And Power holds 2,300 shares or 0% of its portfolio. Jefferies Ltd Co reported 222,179 shares. KeyBanc Capital Markets maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Thursday, August 24.

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