Macquarie Group Ltd. Sells 59844 Shares of Adobe Systems Incorporated (ADBE)

Adobe Systems

Weatherly Asset Management who had been investing in Adobe Sys Inc for a number of months, seems to be less bullish one the $74.79 billion market cap company. The Average Volume of the company is 2.01 Million, while the Volume of the company in the last trading session was 2.37 Billion. About 1.62M shares traded. The value of the company's investment in Adobe Systems Incorporated increased from $11,861,000 to $12,309,000 a change of $448,000 quarter over quarter. Columbus Circle Investors sold 160,383 shares as the company's stock rose 32.64% with the market. The company has market cap of $1.02 billion. The stock declined 0.22% or $0.4 reaching $184.5 per share. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since October 11, 2016 and is uptrending. It has outperformed by 91.16% the S&P500. Robert W. Baird reiterated a "buy" rating and set a $160.00 target price on shares of Adobe Systems in a research report on Friday, September 1st.

More notable recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Seekingalpha.com which released: "Adobe: Beat-And-Raise Met With Little Enthusiasm" on September 20, 2017, also Seekingalpha.com with their article: "Adobe Moves Closer To Microsoft" published on September 21, 2017, Seekingalpha.com published: "Adobe: Digitally Transformed In The Cloud" on September 22, 2017. It also increased its holding in Enersys (NYSE:ENS) by 10,800 shares in the quarter, for a total of 171,783 shares, and has risen its stake in Regal (NYSE:RBC).

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Analysts have given a mean recommendation of 2.10 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Therefore 79% are positive. On Sunday, September 3 the stock rating was maintained by RBC Capital Markets with "Buy". The mean target price as estimated by the analysts for the company has been recorded at $12.41. Atlantic Securities upgraded the stock to "Overweight" rating in Wednesday, October 14 report. Rosenblatt Securities reaffirmed a "buy" rating and set a $155.00 price target on shares of Adobe Systems in a research report on Wednesday, March 29th. The company was maintained on Friday, March 18 by RBC Capital Markets. The firm has "Buy" rating given on Friday, September 23 by Argus Research. The rating was maintained by Pivotal Research on Friday, December 11 with "Buy". Further, the Earnings to Price yield of Adobe Systems Incorporated NasdaqGS:ADBE is 2.14%. Citigroup has "Buy" rating and $114 target.

A statistical measure of the dispersion of returns (volatility) for ADBE producing salvation in Investors mouth, it has week volatility of 1.16% and for the month booked as 1.41%. Its down 0.02, from 1.06 in 2017Q1. The total value of its holdings increased 48.1%. Kernodle & Katon Asset Management Group LLC raised its stake in Adobe Systems by 69.8% in the third quarter. During the same quarter in the previous year, the firm earned $0.66 earnings per share. 30,246 are owned by Virtus Inv Advisers. 3,905 were accumulated by Spectrum Asset Incorporated (Nb Ca). Nomura downgraded the shares of CTAS in report on Tuesday, June 27 to "Hold" rating. Grandfield And Dodd Ltd Liability Com has 13,060 shares for 0.22% of their portfolio. Baring Asset Mgmt has 26,699 shares. Wfg Advsr Lp owns 1,338 shares. Srs Investment Mngmt Ltd Liability has invested 0.74% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). About 1.35M shares traded. Baystate Wealth Limited Liability Company reported 20 shares stake. Gofen & Glossberg LLC IL boosted its position in Adobe Systems by 2.7% during the 1st quarter. The High end of the forecast is $1.19 per share, while the Low end is $1.14 per share. (NYSE:DG) for 30,793 shares. It also reduced Us Bancorp (NYSE:USB) stake by 16,829 shares and now owns 170,439 shares. A company with a value of 0 is thought to be an undervalued company, while a company with a value of 100 is considered an overvalued company. Weatherly Asset Management sold 8,820 shares as the company's stock rose 14.01% with the market. Its up 0.10, from 1 in 2017Q1. It dived, as 43 investors sold LRCX shares while 255 reduced holdings. 59 funds opened positions while 152 raised stakes. Avalon Advisors Llc owns 110,228 shares for 0.52% of their portfolio. The institutional investor owned 3,397 shares of the software company's stock after selling 96 shares during the period. Fifth Third Financial Bank accumulated 0.1% or 94,117 shares. Next Financial Group, a Texas-based fund reported 165 shares. Ally Inc reported 0.11% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). State Of Tennessee Treasury Department has invested 0.06% of its portfolio in Dollar General Corp. Keybank Natl Association Oh reported 6,161 shares. Hermes Investment Ltd holds 7,600 shares or 0.02% of its portfolio. Amalgamated Bankshares reported 58,250 shares. Lam Research Corporation had 54 analyst reports since September 17, 2015 according to SRatingsIntel. The stock of Avigilon Corp (TSE:AVO) earned "Outperform" rating by Raymond James on Wednesday, March 1.

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09/20/2017 - Adobe Systems Incorporated had its "outperform" rating reiterated by analysts at Sanford C. Bernstein. The rating was maintained by Needham with "Buy" on Thursday, October 20. The firm earned "Sector Perform" rating on Friday, August 19 by IBC.

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