The stock increased 0.92% or $0.15 during the last trading session, reaching $16.5. The shares were sold at an average price of $175.39, for a total transaction of $4,384,750.00. American Assets Trust, Inc. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since January 19, 2017 and is uptrending. It has underperformed by 16.70% the S&P500.
Forbes J M & Co Llp decreased its stake in Adobe Sys Inc (ADBE) by 20.84% based on its latest 2017Q3 regulatory filing with the SEC.
Over the past 50 days, Adobe Systems Incorporated (NASDAQ:ADBE) stock was -1.25% off of the high and 18.14% removed from the low. Arrowstreet Capital Limited Partnership now owns 3,833,692 shares of the software company's stock worth $542,237,000 after purchasing an additional 1,190,108 shares in the last quarter. Polen Capital Management Llc who had been investing in Adobe Sys Inc for a number of months, seems to be bullish on the $96.48 billion market cap company. The firm owned 7,242 shares of the software company's stock after selling 1,308 shares during the period. Open Text Corporation (NASDAQ:OTEX) has risen 15.94% since January 20, 2017 and is uptrending. It has outperformed by 25.59% the S&P500.
Investors sentiment decreased to 1.88 in 2017 Q3. Its down 0.10, from 1.22 in 2017Q2. It dived, as 16 investors sold SONA shares while 9 reduced holdings. 94 funds opened positions while 456 raised stakes. Burney stated it has 0.11% in The Coca-Cola Company (NYSE:KO). Suvretta Cap Mgmt Ltd Liability Co invested in 10.61% or 2.52 million shares. (NYSE:AAT) for 327,186 shares. Cullinan Associates invested in 0.49% or 42,640 shares. Center Coast Advsrs Lp reported 4.03M shares or 5.23% of all its holdings. Rodgers Brothers invested in 0.14% or 3,856 shares. 27,884 were reported by Riverpark Advsr Limited Liability Company. Penobscot Inv Incorporated holds 9,395 shares or 0.42% of its portfolio. Raymond James And Assocs has invested 0.1% of its portfolio in Netflix, Inc. (NYSE:AAT) for 592,000 shares. Motco holds 0.01% or 392 shares in its portfolio. 904,960 were accumulated by Northern Trust Corp. Invest Ptnrs Limited Oh Adv holds 0.19% or 1,500 shares. Nwi Mgmt LP reported 2.31% stake. Cadence Capital Llc owns 2,868 shares or 0.03% of their United States portfolio. 6,658 were reported by Stevens Capital Mngmt L P.
Since August 9, 2017, it had 1 buying transaction, and 7 insider sales for $6.56 million activity. On Thursday, August 31 the insider Gammieri Jerry sold $11,268. BlackRock Inc. now owns 34,445,217 shares of the software company's stock worth $4,871,931,000 after purchasing an additional 2,621,275 shares in the last quarter. It also reduced its holding in Align Technology Inc (NASDAQ:ALGN) by 297,394 shares in the quarter, leaving it with 3.07M shares, and cut its stake in Tjx Cos Inc New (NYSE:TJX). Therefore 32% are positive. Finally, Zacks Investment Research lowered shares of Adobe Systems from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, November 21st. The company was maintained on Wednesday, February 8 by RBC Capital Markets. Vetr upgraded the shares of KO in report on Monday, August 31 to "Hold" rating. The company was maintained on Tuesday, September 26 by KeyBanc Capital Markets. (NASDAQ:NFLX) has "Sell" rating given on Wednesday, July 12 by Wedbush. Wedbush maintained the stock with "Underperform" rating in Tuesday, July 19 report. The stock of Netflix, Inc. Analysts' mean recommendation for the stock is 1.90 (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 55% are positive. Canaccord Genuity restated a "buy" rating and issued a $185.00 price objective (up previously from $170.00) on shares of Adobe Systems in a report on Thursday, October 19th. On Wednesday, September 21 the stock rating was maintained by RBC Capital Markets with "Outperform". Argus Research maintained the shares of ADBE in report on Friday, September 23 with "Buy" rating. The rating was initiated by Ladenburg Thalmann on Friday, January 20 with "Neutral". The stock has "Market Perform" rating by Wells Fargo on Thursday, January 19. The firm earned "Buy" rating on Thursday, October 19 by Bank of America.
Despite the fact that a low P/E ratio may make a stock look like a good buy, factoring in the company's growth rate to get the stock's PEG ratio can tell a different story.More news: Turkey launches 11 airstrikes on Kurdish-held Afrin in Syria
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The median estimate represents a 1.94% increase from the last price. Its up 0.39, from 1.27 in 2017Q2.
TRADEMARK VIOLATION NOTICE: "Adobe Systems Incorporated (ADBE) Shares Sold by Wealth Enhancement Advisory Services LLC" was originally published by Registrar Journal and is owned by of Registrar Journal.
VANGUARD GROUP INC raised its stake in The TJX Companies, Inc. 3,677 are held by Bluecrest Capital Management Limited.
Analysts await Adobe Systems Incorporated (NASDAQ:ADBE) to report earnings on March, 15. 25 were reported by Rocky Mountain Advisers Ltd Liability Corporation. Alps Advisors stated it has 5,294 shares or 0.01% of all its holdings. Caisse De Depot Et Placement Du Quebec reported 0.02% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Adobe Systems earned a coverage optimism score of 0.25 on Accern's scale. Meeder Asset Mgmt, a Ohio-based fund reported 37,470 shares. Ahl Prns Ltd Liability Partnership accumulated 53,901 shares or 0.14% of the stock. South Dakota Invest Council reported 17,400 shares.
Castle Creek Capital Partners Iv Lp increased its stake in Southern National Bancorp Of Virginia Inc. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has "Buy" rating given on Wednesday, August 30 by Cowen & Co. 401,762 are held by Amp Capital. Centre Asset Mngmt Lc owns 82,510 shares. The recent close goes a long way in suggesting that the stock price is being underpriced by a 12.13% compared to the most bullish target.
EPS growth estimate for this year is set at 45.90%.The earnings per share (EPS) formula is stated as earnings available to common shareholders divided by number of common stock shares outstanding. ADBE's profit will be $522.52 million for 46.27 P/E if the $1.06 EPS becomes a reality.