Cambridge Investment Research Advisors Inc. Buys 6663 Shares of Adobe Systems (ADBE)

Joanna Estrada
April 11, 2018

The institutional investor held 93,491 shares of the prepackaged software company at the end of 2017Q4, valued at $16.38 million, down from 101,526 at the end of the previous reported quarter. The stock decreased 0.63% or $0.24 during the last trading session, reaching $37.89. About 2.88M shares traded or 5.22% up from the average.

Invest Partners Limited Oh Adv has invested 0.19% in Adobe Systems Incorporated (NASDAQ:ADBE). ADBE outperformed the S&P500 by 55.16%.

Michael Moriarty decreased its stake in Facebook Inc (FB) by 11.57% based on its latest 2017Q4 regulatory filing with the SEC. First Allied Advisory Services Inc sold 4,057 shares as the company's stock declined 8.03% with the market. Intersect Capital Llc who had been investing in Cummins Inc for a number of months, seems to be bullish on the $26.65B market cap company. The performance of the stock over the past seven days has increased by 0.20%, over the past one-month price index is -0.72% while over the last three months is +12.25%. The company has a 50-day moving average price of $105.02 and a 200-day moving average price of $103.48.

Thermo Fisher Scientific Inc. Six Flags Entertainment Corporation (NYSE:SIX) has risen 3.06% since April 11, 2017 and is uptrending. It has outperformed by 22.11% the S&P500.

Analysts await 3M Company (NYSE:MMM) to report earnings on April, 24. (NYSE:TMO) to report earnings on April, 25. Gsa Capital Partners Llp owns 155,600 shares or 0.02% of their USA portfolio. FB's profit will be $4.07B for 29.34 P/E if the $1.40 EPS becomes a reality. After $2.79 actual EPS reported by Thermo Fisher Scientific Inc. for the previous quarter, Wall Street now forecasts -13.98% negative EPS growth. Therefore 91% are positive. The stock of Visa Inc. The firm has "Buy" rating given on Wednesday, January 24 by Jefferies. The firm earned "Buy" rating on Wednesday, October 25 by Oppenheimer. Robert W. Baird maintained Thermo Fisher Scientific Inc. On Monday, October 16 the rating was downgraded by Deutsche Bank to "Hold". Aegis Capital maintained Facebook, Inc. On Tuesday, December 12 the firm has "Hold" rating by J.P. Morgan given. The company was maintained on Wednesday, September 21 by Credit Suisse. (NYSE:TMO) has "Buy" rating given on Thursday, July 20 by Cleveland. Goldman Sachs has "Neutral" rating and $92 target. The stock has "Strong-Buy" rating by Vetr on Wednesday, September 2. (NASDAQ:FB) has "Buy" rating given on Friday, September 23 by Loop Capital.

Investors sentiment increased to 1.21 in Q4 2017. It's up 0.03, from 0.7 in 2017Q3. It fall, as 43 investors sold TMO shares while 410 reduced holdings. 280 rose holdings while 107 funds took holdings. That activity is comparable to their recent volume average trend of almost 1.5 million shares which they recorded over a period of three months. (NYSE:TMO). 72,505 are owned by Addenda. It also increased its holding in At&T Inc (NYSE:T) by 11,690 shares in the quarter, for a total of 227,201 shares, and has risen its stake in Ishares Tr (ITOT). Deltec Asset Mgmt Limited Liability Company reported 36,486 shares. (TMO) price will be reaching a mean target of $242.53 a share. Quadrant Management has 14,613 shares. Catawba Va has invested 0.19% in Facebook, Inc. Ballentine Prtnrs holds 0.04% or 3,722 shares. Moreover, Vanguard Gp Inc has 0.23% invested in Thermo Fisher Scientific Inc. (NASDAQ:FB). Ironwood Invest Counsel Lc invested in 0.11% or 1,766 shares. Adage Capital Prtn Group Inc Limited Liability Corporation invested in 0.04% or 434,700 shares. Nelson Van Denburg Campbell Wealth Ltd Co holds 0.08% of its portfolio in Thermo Fisher Scientific Inc. E&G Lp accumulated 1,400 shares. Windward Cap Mngmt Ca reported 1,769 shares. Montag & Caldwell Ltd Liability invested in 3.12% or 522,752 shares. Glg Ltd Limited Liability Company has invested 0.47% in 3M Company (NYSE:MMM).

It upped its stake in Alphabet Inc by 63,751 shares to 359,008 shares, valued at $375.67 million in 2017Q4, according to the filing.

Since October 27, 2017, it had 0 insider purchases, and 21 sales for $34.51 million activity. ADBE has 2.57 million shares volume. Williamson Stephen sold $1.05 million worth of Thermo Fisher Scientific Inc. (NYSE:V) rating on Friday, February 3. Shin Hak Cheol sold $1.86M worth of stock or 7,473 shares.

Among 39 analysts covering Adobe Systems (NASDAQ:ADBE), 28 have Buy rating, 0 Sell and 11 Hold. Therefore 75% are positive. Adobe Systems had 157 analyst reports since August 11, 2015 according to SRatingsIntel. In Friday, December 15 report Piper Jaffray maintained the stock with "Buy" rating. The rating was maintained by Credit Suisse with "Buy" on Tuesday, January 23. Zacks Investment Research lowered Adobe Systems from a "buy" rating to a "hold" rating in a research report on Tuesday, November 22nd. Analysts at Canaccord Genuity have not made any change to their Buy rating on Adobe Systems Incorporated when they released a research note on March 16th, 2018, but they now have set a price target of $245, which is an increase from the previous $220. Exane Derivatives has invested 0.05% in Adobe Systems Incorporated (NASDAQ:ADBE). The rating was maintained by RBC Capital Markets on Sunday, July 30 with "Buy". The rating was maintained by FBR Capital on Friday, December 11 with "Mkt Perform".

Since October 11, 2017, it had 1 buying transaction, and 15 selling transactions for $83.70 million activity. Rencher Bradley sold 18,410 shares worth $3.63M.

Adobe Systems Incorporated (ADBE) has so far tried and showed success to beat the consensus-estimated $1.44, with their earning staying at $1.55 per share. 1,125 shs were bought by Banse Amy, worth $199,520 on Monday, December 18. The insider NARAYEN SHANTANU sold 165,023 shares worth $32.66M.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Other reports by Click Lancashire

Discuss This Article