Investors Buy Adobe Systems Incorporated (ADBE) on Weakness

Adobe Systems

PTC Therapeutics, Inc. (NASDAQ:PTCT) has risen 104.51% since October 6, 2016 and is uptrending.

South State Corp decreased Kroger (NYSE:KR) stake by 29,070 shares to 22,066 valued at $515,000 in 2017Q2. It also upped Palo Alto Networks Inc (Call) (NYSE:PANW) stake by 10,000 shares and now owns 20,000 shares. Stamps Com Inc (NASDAQ:STMP) was reduced too.

Based on the latest notes released to investors, 13 analysts have issued a rating of "buy", 12 analysts "outperform", 4 analysts "hold", 0 analysts "underperform" and 1 analysts "sell". Tru Com Of Toledo Na Oh accumulated 1,800 shares or 0.07% of the stock. It improved, as 49 investors sold ADBE shares while 326 reduced holdings.

Several equities analysts recently issued reports on ADBE shares. Toronto Dominion Savings Bank accumulated 0.02% or 54,665 shares. The current market cap of Adobe Systems Incorporated exhibits the basic determinant of asset allocation and risk-return parameters for its stocks. Centre Asset Ltd Com accumulated 83,860 shares. Parametric Portfolio Associates LLC now owns 1,356,065 shares of the software company's stock valued at $191,802,000 after purchasing an additional 472,124 shares in the last quarter. 748 are owned by Cwm Ltd Limited Liability Company.

The target payout ratio for Adobe Systems Incorporated is now measuring at 0.00%, outlining what size the company's dividends should be. Axa accumulated 519,061 shares. Morgan Stanley stated it has 576,857 shares. Prescott Cap Management Ltd Com, Oklahoma-based fund reported 1,900 shares.

The P/E of Adobe Systems Incorporated is now valued at 46.54 allowing its investors to analyze the company's stock valuation and its shares relative to the income of the company that it makes. Twin Capital Mngmt invested in 89,501 shares or 0.75% of the stock. Keybank Association Oh holds 0.02% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 19,628 shares. Arrow Fincl stated it has 1,974 shares or 0.07% of all its holdings.

The share price of Adobe Systems Incorporated (NASDAQ:ADBE) was up +1.55% during the last trading session, with a day high of 150.45. Long Road Investment Counsel Ltd Co holds 7,900 shares or 0.82% of its portfolio.

Since May 10, 2017, it had 0 insider buys, and 2 selling transactions for $614,410 activity. Mulroy Patricia had sold 2,226 shares worth $285,106 on Tuesday, May 16.

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09/20/2017 - Adobe Systems Incorporated had its "buy" rating reiterated by analysts at Jefferies. Therefore 79% are positive. Adobe Systems has a one year low of $98.00 and a one year high of $157.89. Wall Street experts also assign a $164.33 price target on Adobe Systems Incorporated, pointing towards a 9.37% rally from current levels.

This company shares (ADBE) so far managed to recover 53.32% since collapsing to its 52-week low. The stock is a Buy among 6 brokerage firms polled by Factset Research. On Wednesday, September 21 the stock rating was maintained by Goldman Sachs with "Neutral". Royal Bank Of Canada reaffirmed a "buy" rating and issued a $157.00 price target on shares of Adobe Systems in a research report on Monday, July 31st. As per Friday, March 18, the company rating was maintained by Citigroup. The rating was maintained by Needham on Friday, October 9 with "Buy". The stock has "Neutral" rating by Instinet on Friday, January 27. The rating was maintained by RBC Capital Markets with "Buy" on Sunday, September 3.

09/20/2017 - Adobe Systems Incorporated had its "overweight" rating reiterated by analysts at KeyBanc.

Earnings Per Share (EPS) is the earnings made by a company divided by their number of shares. CPE's profit will be $24.24M for 22.90 P/E if the $0.12 EPS becomes a reality.

Adobe Systems Incorporated (ADBE) remained successful in beating the consensus-estimated $1.01 as it actually earned $1.1 per share in its last reported financial results. Retirement Systems Of Alabama holds 0.18% or 239,857 shares in its portfolio. Therefore 84% are positive. Their 52-Week High and Low are noted here. Meanwhile, the average 12-month price target from Wall Street analysts is now 150.25, this means that the stock is underpriced by 1.531%. Callon Petroleum had 70 analyst reports since July 21, 2015 according to SRatingsIntel. Telsey Advisory Group maintained Wynn Resorts, Limited (NASDAQ:WYNN) on Thursday, November 19 with "Market Perform" rating. The stock has "Buy" rating by B. Riley & Co on Thursday, October 22. The firm has "Outperform" rating by RBC Capital Markets given on Wednesday, February 8. At the moment, the average analyst rating for ADBE is Moderate Buy. The rating was maintained by FBR Capital on Friday, October 23 with "Outperform". The firm has "Buy" rating given on Tuesday, June 20 by Tudor Pickering. The stock of Microsoft Corporation (NASDAQ:MSFT) has "Outperform" rating given on Tuesday, May 24 by Cowen & Co.

Investors sentiment increased to 1.1 in 2017 Q2.

Since May 1, 2017, it had 0 buys, and 8 insider sales for $1.04 billion activity. It increased, as 30 investors sold WYNN shares while 114 reduced holdings. 108 funds opened positions while 483 raised stakes. 149.22 million shares or 7.19% less from 160.77 million shares in 2017Q1 were reported. Oppenheimer Asset Mgmt owns 33,465 shares. Cwh Mgmt Inc holds 41,483 shares or 1.5% of its portfolio. Ifc Holdg Inc Fl owns 2,251 shares or 0.02% of their United States portfolio. (SKX) stock brought in a $0.13 rise to $24.91. Ranger Invest L P invested 1.24% of its portfolio in Callon Petroleum Company (NYSE:CPE). Stifel Financial Corp holds 0.23% or 438,064 shares. Fmr Ltd has 0% invested in PTC Therapeutics, Inc. Massmutual Trust Fsb Adv holds 15,638 shares. Federated Investors Pa reported 396,896 shares. Ami Asset Mngmt, California-based fund reported 501,311 shares.

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