Adobe Systems Incorporated (ADBE) Stake Decreased by Livforsakringsbolaget Skandia Omsesidigt

Joanna Estrada
October 5, 2017

In related news, Director Robert K. Burgess sold 25,000 shares of the stock in a transaction dated Thursday, February 2nd. Acrospire Investment Management LLC now owns 1,000 shares of the software company's stock valued at $141,000 after purchasing an additional 500 shares during the period. Ledyard Bank & Trust invested in 0.82% or 40,564 shares. The company had a trading volume of 727,888 shares. It has underperformed by 16.70% the S&P500. Adobe Sys Inc now has $72.93 billion valuation. Southeast Asset Advisors Inc sold 42,149 shares as the company's stock rose 0.21% with the market. The institutional investor held 35,520 shares of the prepackaged software company at the end of 2017Q2, valued at $5.20 million, up from 23,390 at the end of the previous reported quarter. However, if the C shares go below $73.59 then it would indicate a much weaker market for the company. About 4 shares traded. American Grp Incorporated stated it has 0.11% in Adobe Systems Incorporated (NASDAQ:ADBE). It has outperformed by 25.59% the S&P500. Therefore 79% are positive.

A number of other equities analysts have also recently issued reports on the company. The company was maintained on Tuesday, January 12 by Barclays Capital. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned "Buy" rating by UBS on Wednesday, September 21. The firm has "Buy" rating by Wunderlich given on Friday, March 17. The rating was maintained by Pivotal Research on Wednesday, June 21 with "Sell". The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned "Outperform" rating by RBC Capital Markets on Friday, December 11. On Friday, November 4 the stock rating was maintained by FinnCap with "Corporate".

Adobe Systems Incorporated (NASDAQ ADBE) opened at 147.94 on Tuesday. Canaccord Genuity reiterated a buy rating and issued a $165.00 target price (up previously from $145.00) on shares of Adobe Systems in a research note on Wednesday, June 21st.

Since May 10, 2017, it had 0 insider purchases, and 2 sales for $614,410 activity.

Suntrust Banks Inc. lifted its holdings in shares of Adobe Systems Incorporated (NASDAQ:ADBE) by 1.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. Sumitomo Mitsui Financial Group Inc. acquired a new position in Adobe Systems during the second quarter valued at $141,000.

Investors sentiment increased to 1.1 in 2017 Q2. Its down 0.03, from 1.26 in 2017Q1.

A number of large investors have recently bought and sold shares of the business. In that case, its shares would mark a 0.73% decline from the most recent price. Caldwell And Orkin holds 2,900 shares. Adobe Systems Incorporated (ADBE) now trades with a market capitalization of $73.32 Billion. Norris Perne & French Llp Mi owns 60,305 shares.

Adobe Systems (NASDAQ:ADBE) last announced its earnings results on Tuesday, September 19th. Beech Hill Incorporated reported 0.26% stake. Wfg Advisors Limited Partnership stated it has 0% in SEI Investments Company (NASDAQ:SEIC). 2,904 are held by Clinton Gru Incorporated Inc. Ww Asset Mngmt reported 0.23% stake.

Shares of Adobe Systems Incorporated (NASDAQ:ADBE) traded down 0.23% during mid-day trading on Wednesday, reaching $134.69. Rathbone Brothers Pcl owns 231,520 shares for 1.46% of their portfolio. Caprock Grp reported 1,956 shares. Equities analysts expect that Adobe Systems Incorporated will post $3.95 EPS for the current year. Palladium Prtn Limited Liability invested 1.04% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Planning Advsrs Ltd Co reported 0.1% in Adobe Systems Incorporated (NASDAQ:ADBE). The software company reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.87 by $0.07. During the same quarter in the previous year, the business earned $0.75 earnings per share. XOM's profit will be $3.69 billion for 23.50 P/E if the $0.87 EPS becomes a reality. Therefore 67% are positive. Adobe Systems had 105 analyst reports since August 11, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with "Buy" rating in Sunday, July 30 report. Jefferies has "Hold" rating and $8600 target. Citigroup maintained Automatic Data Processing (NASDAQ:ADP) rating on Friday, July 29. Wood upgraded the shares of SEIC in report on Wednesday, April 6 to "Market Perform" rating. They issued an "overweight" rating and a $155.00 price objective on the stock. On Thursday, July 23 the stock rating was maintained by Oppenheimer with "Outperform". Wells Fargo maintained the stock with "Hold" rating in Wednesday, September 20 report. The stock has "Strong-Buy" rating by Vetr on Tuesday, September 8.

Cape Cod Five Cents Savings Bank increased Ishares Tr (IYZ) stake by 13,683 shares to 34,740 valued at $1.12M in 2017Q2. It also increased its holding in Honeywell Intl Inc (NYSE:HON) by 3,757 shares in the quarter, for a total of 6,253 shares, and has risen its stake in Canadian Natl Ry Co (NYSE:CNI). The company has market cap of $9.89 billion.

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