Adobe Systems' (ADBE) Buy Rating Reaffirmed at Robert W. Baird

Pat Wise
January 12, 2018

Following the transaction, the director now directly owns 12,375 shares of the company's stock, valued at approximately $2,170,451.25. The hedge fund held 40,597 shares of the real estate investment trusts company at the end of 2017Q3, valued at $4.79 million, up from 25,100 at the end of the previous reported quarter. Evercore Wealth Management Llc who had been investing in Adobe Sys Inc for a number of months, seems to be bullish on the $91.73 billion market cap company.

The stock decreased 0.42% or $0.775 during the last trading session, reaching $185.925. Gamco Et Al has 1.30 million shares. Amgen Inc. (NASDAQ:AMGN) has risen 5.27% since January 7, 2017 and is uptrending. It has outperformed by 25.59% the S&P500.

Jones Financial Companies Lllp decreased its stake in Merck & Co Inc (MRK) by 10.15% based on its latest 2017Q3 regulatory filing with the SEC. Jefferies Group Llc bought 231,600 shares as the company's stock declined 2.31% while stock markets rallied. The institutional investor held 959,775 shares of the prepackaged software company at the end of 2017Q3, valued at $143.18 million, down from 972,249 at the end of the previous reported quarter. Alpine Investment Management Llc who had been investing in Howard Hughes Corp for a number of months, seems to be bullish on the $5.52 billion market cap company. About 476,862 shares traded or 128.72% up from the average. It has outperformed by 0.16% the S&P500.

Investors sentiment decreased to 0.84 in 2017 Q3. The software company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.10. It turned negative, as 1 investors sold Beasley Broadcast Group, Inc. shares while 9 reduced holdings. 106 funds opened positions while 598 raised stakes. Columbia Asset holds 13,270 shares.

Sound Shore Management Inc increased its stake in Merck & Co. (NYSE:MRK). Ingalls & Snyder Lc reported 355,250 shares. Midas Corp holds 1.33% of its portfolio in Amgen Inc. 313,393 are held by Smith Chas P Assoc Pa Cpas. Deutsche Retail Bank Ag, Germany-based fund reported 18,431 shares. Penn Capital Management Com holds 0.25% of its portfolio in Sanchez Energy Corporation (NYSE:SN) for 707,783 shares. Guyasuta Inc has 0.06% invested in Energy Transfer Equity, L.P. (NYSE:ETE). (NYSE:T). Trustmark Bancorp Tru Department accumulated 138,032 shares. Pnc Fin Service Group accumulated 0% or 1,500 shares. Royal Natl Bank Of Canada reported 386 shares stake. (NYSE:MRK). Fishman Jay A Ltd Mi stated it has 67,753 shares. Zeke Capital Limited Liability Co owns 8,268 shares. Cornerstone Advsrs invested in 0.02% or 576 shares. (NYSE:GIS). Exane Derivatives has 0.01% invested in General Mills, Inc. Atwood & Palmer holds 0.02% or 6,200 shares in its portfolio. ADBE's profit will be $522.52M for 44.13 P/E if the $1.06 EPS becomes a reality. BNP Paribas upgraded Merck & Co., Inc.

Among 23 analysts covering General Mills Inc. General Mills Inc. had 66 analyst reports since July 21, 2015 according to SRatingsIntel. Therefore 50% are positive. The firm has "Hold" rating given on Monday, October 30 by SunTrust. Pivotal Research upgraded the stock to "Hold" rating in Thursday, October 19 report. Robert W. Baird reaffirmed a buy rating and set a $160.00 price target on shares of Adobe Systems in a research report on Friday, September 1st. The firm earned "Positive" rating on Monday, January 23 by Susquehanna. The firm has "Sector Perform" rating by RBC Capital Markets given on Thursday, September 21. Jefferies maintained Merck & Co., Inc. (NYSE:ALLY) earned "Buy" rating by Piper Jaffray on Tuesday, December 5.

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Commerce Bank, which manages about $7.36B US Long portfolio, upped its stake in Accenture Plc Ireland (NYSE:ACN) by 2,484 shares to 33,083 shares, valued at $4.47M in 2017Q3, according to the filing. Therefore 76% are positive. Himax Tech had 46 analyst reports since August 10, 2015 according to SRatingsIntel. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned "Buy" rating by Argus Research on Wednesday, October 25. The rating was maintained by Goldman Sachs on Friday, March 18 with "Neutral". BMO Capital Markets has "Outperform" rating and $187 target. The firm has "Outperform" rating given on Thursday, January 5 by BMO Capital Markets. Also, Chairman Charles M. Geschke sold 48,100 shares of the firm's stock in a transaction dated Wednesday, January 4th. The rating was maintained by UBS with "Buy" on Wednesday, September 21. The stock has "Hold" rating by Wunderlich on Friday, December 11. The stock has "Perform" rating by Oppenheimer on Tuesday, November 8.

Since October 9, 2017, it had 0 insider buys, and 2 insider sales for $553,240 activity. Another trade for 2,190 shares valued at $379,784 was sold by THOMPSON MATTHEW. Shares for $1.18M were sold by WARNOCK JOHN E on Friday, October 20. 1,125 shares valued at $199,520 were bought by Banse Amy on Monday, December 18. Its down 0.12, from 0.94 in 2017Q2. It improved, as 42 investors sold ADBE shares while 327 reduced holdings. 97 funds opened positions while 312 raised stakes.

KeyCorp reissued their buy rating on shares of Adobe Systems (NASDAQ:ADBE) in a research report report published on Thursday, December 14th. BARING ASSET MANAGEMENT Ltd now owns 26,699 shares of the software company's stock worth $3,776,000 after purchasing an additional 2,864 shares in the last quarter. Palisade Capital Llc Nj reported 2,040 shares.

Shares of Adobe Systems (NASDAQ:ADBE) traded up 1.10% during trading on Tuesday, hitting $126.45. Eaton Vance Management holds 0.32% or 834,592 shares in its portfolio. Cypress Cap Group reported 0.35% in Adobe Systems Incorporated (NASDAQ:ADBE). Hedge funds and other institutional investors own 87.08% of the company's stock. During the same quarter last year, the firm earned $0.90 earnings per share. equities analysts predict that Adobe Systems will post 4.58 earnings per share for the current fiscal year. M&T Bancshares stated it has 2.01M shares. Alexandria Capital Lc owns 77 shares for 0% of their portfolio.

Analysts await Adobe Systems Incorporated (NASDAQ:ADBE) to report earnings on March, 15. After $1.05 actual EPS reported by Adobe Systems Incorporated for the previous quarter, Wall Street now forecasts 0.95% EPS growth.

PRIMECAP MANAGEMENT CO/CA/ lowered its stake in Adobe Systems Incorporated (NASDAQ:ADBE) by 2.92% during the September 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.

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