Will Adobe Systems Incorporated (ADBE) Run Out of Steam Soon?

May 24, 2018 - By Migdalia James

Adobe Systems Incorporated (NASDAQ:ADBE) Logo

Investors sentiment decreased to 0.89 in 2017 Q4. Its down 0.22, from 1.11 in 2017Q3. It dropped, as 47 investors sold Adobe Systems Incorporated shares while 389 reduced holdings. 107 funds opened positions while 280 raised stakes. 410.42 million shares or 1.09% less from 414.95 million shares in 2017Q3 were reported.
Balasa Dinverno Foltz Lc reported 2,206 shares. Next Gp has invested 0.12% in Adobe Systems Incorporated (NASDAQ:ADBE). Adage Group has invested 0.28% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). 65,286 were accumulated by Amalgamated Comml Bank. Birinyi Assocs Incorporated accumulated 7,400 shares. Great West Life Assurance Can has 502,016 shares. Financial Svcs Corp stated it has 551 shares or 0.05% of all its holdings. Riverpark Advsr Lc invested 0.58% in Adobe Systems Incorporated (NASDAQ:ADBE). Advsrs Asset Mngmt invested in 0.36% or 126,511 shares. Guggenheim Llc invested 0.29% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Neuberger Berman Group Ltd Liability Co holds 0.05% in Adobe Systems Incorporated (NASDAQ:ADBE) or 261,092 shares. Saturna Cap Corporation holds 2.61% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 486,710 shares. Moreover, Aureus Asset Mngmt has 0.04% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 1,545 shares. Amp Capital Invsts Ltd holds 394,541 shares or 0.37% of its portfolio. Huntington Bank has 0.06% invested in Adobe Systems Incorporated (NASDAQ:ADBE).

Since December 13, 2017, it had 1 insider purchase, and 17 selling transactions for $87.77 million activity. $338,846 worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by Lewnes Ann. DILLON MICHAEL A had sold 18,079 shares worth $3.51M on Monday, February 5. GESCHKE CHARLES M sold $3.97 million worth of stock or 21,276 shares. Another trade for 1,125 shares valued at $199,520 was bought by Banse Amy. 5,000 shares were sold by WARNOCK JOHN E, worth $1.12 million on Monday, March 19. LAMKIN BRYAN sold $5.97 million worth of stock or 30,000 shares.

The stock of Adobe Systems Incorporated (NASDAQ:ADBE) reached all time high today, May, 24 and still has $267.21 target or 9.00 % above today’s $245.15 share price. This indicates more upside for the $120.73 billion company. This technical setup was reported by Barchart.com. If the $267.21 PT is reached, the company will be worth $10.87B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 0.51% or $1.24 during the last trading session, reaching $245.15. About 2.50 million shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 66.71% since May 24, 2017 and is uptrending. It has outperformed by 55.16% the S&P500.

Analysts await Adobe Systems Incorporated (NASDAQ:ADBE) to report earnings on June, 19. They expect $1.25 earnings per share, up 54.32 % or $0.44 from last year’s $0.81 per share. ADBE’s profit will be $615.59M for 49.03 P/E if the $1.25 EPS becomes a reality. After $1.28 actual earnings per share reported by Adobe Systems Incorporated for the previous quarter, Wall Street now forecasts -2.34 % negative EPS growth.

Adobe Systems Incorporated (NASDAQ:ADBE) Ratings Coverage

Among 20 analysts covering Adobe (NASDAQ:ADBE), 16 have Buy rating, 0 Sell and 4 Hold. Therefore 80% are positive. Adobe had 33 analyst reports since December 8, 2017 according to SRatingsIntel. As per Wednesday, December 13, the company rating was maintained by Bank of America. The firm has “Overweight” rating given on Thursday, March 15 by Barclays Capital. Bernstein maintained the stock with “Buy” rating in Tuesday, January 23 report. Robert W. Baird maintained it with “Buy” rating and $26000 target in Tuesday, May 22 report. The firm has “Buy” rating by Canaccord Genuity given on Tuesday, January 23. The rating was maintained by KeyBanc Capital Markets on Friday, March 16 with “Overweight”. Stephens maintained the stock with “Buy” rating in Tuesday, January 2 report. The rating was maintained by Guggenheim on Tuesday, January 23 with “Buy”. On Wednesday, January 10 the stock rating was maintained by Guggenheim with “Buy”. Cowen & Co maintained the shares of ADBE in report on Monday, December 11 with “Buy” rating.

More notable recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Streetinsider.com which released: “Adobe Systems (ADBE) to Acquire Magento Commerce for $1.68 Billion” on May 21, 2018, also Streetinsider.com with their article: “After-Hours Stock Movers 05/21: (NBRV) (MU) (ADBE) Higher; (LBY) (ARDX) (PSTG) Lower (more…)” published on May 21, 2018, Streetinsider.com published: “Loeb’s Third Point LLC Enters Adobe (ADBE), EA (EA), Wynn (WYN) (more…) – 13F” on May 15, 2018. More interesting news about Adobe Systems Incorporated (NASDAQ:ADBE) were released by: Investorplace.com and their article: “Shopify Inc Takes a Hit on Adobe Headline — Add It to Your Cart” published on May 22, 2018 as well as Nasdaq.com‘s news article titled: “Don’t Let Adobe (ADBE) Stock Slip Through Your Fingers” with publication date: May 10, 2018.

Adobe Systems Incorporated operates as a diversified software firm worldwide. The company has market cap of $120.73 billion. The Company’s Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content. It has a 65.39 P/E ratio. This segment??s flagship product is Creative Cloud, a subscription service that allows clients to download and install the latest versions of its creative products.

Adobe Systems Incorporated (NASDAQ:ADBE) Ratings Chart

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