Adobe Systems (ADBE) Downgraded by Zacks Investment Research to "Hold"

The company has market cap of $645.88 million. People s United Financial Inc. now owns 13,776 shares of the software company's stock valued at $1,948,000 after buying an additional 40 shares during the last quarter. About 59,363 shares traded or 7.05% up from the average. Invesco Ltd. (NYSE:IVZ) has risen 9.83% since January 12, 2017 and is uptrending. It has underperformed by 38.34% the S&P500.

Central Bank & Trust Co decreased Adobe Systems Incorporated (ADBE) stake by 4.46% reported in 2017Q3 SEC filing. Fic Capital Inc sold 2,058 shares as the company's stock rose 14.01% with the market. The hedge fund run by Michael R. Weisberg held 72,090 shares of the prepackaged software company at the end of 2017Q3, valued at $10.75 million, up from 64,800 at the end of the previous reported quarter. The stock increased 2.78% or $5.26 during the last trading session, reaching $194.18.

Adobe Systems (NASDAQ:ADBE) traded up $6.13 during mid-day trading on Tuesday, reaching $195.05. It has outperformed by 25.59% the S&P500. Eight investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. Therefore 83% are positive. Adobe Systems had 135 analyst reports since August 11, 2015 according to SRatingsIntel. The firm has "Neutral" rating given on Thursday, April 21 by Credit Suisse. The firm earned "Buy" rating on Monday, December 11 by Cowen & Co. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has "Buy" rating given on Thursday, October 19 by Bank of America. Finally, Zacks Investment Research upgraded shares of Adobe Systems from a sell rating to a hold rating in a report on Friday, September 22nd. Vetr downgraded shares of Adobe Systems from a hold rating to a sell rating and set a $105.68 price target for the company.in a report on Thursday, October 20th. The firm earned "Outperform" rating on Friday, June 30 by RBC Capital Markets. Barclays restated a buy rating and set a $167.00 price objective on shares of Adobe Systems in a research report on Friday, September 15th. The stock has "Hold" rating by Deutsche Bank on Tuesday, September 26. Ing Groep Nv has invested 0.36% in Adobe Systems Incorporated (NASDAQ:ADBE). Its up 0.01, from 1.1 in 2017Q2. ADBE's profit will be $522.52 million for 46.00 P/E if the $1.06 EPS becomes a reality. 1,953 shares were sold by Lewnes Ann, worth $338,846 on Wednesday, December 13.

Since August 9, 2017, it had 1 insider buy, and 7 sales for $6.56 million activity. The insider Banse Amy bought 1,125 shares worth $199,520. 6,800 shares were sold by WARNOCK JOHN E, worth $1.18M. Its up 0.01, from 1.1 in 2017Q2. It improved, as 42 investors sold ADBE shares while 327 reduced holdings. 97 funds opened positions while 312 raised stakes. 378.89 million shares or 0.65% less from 381.37 million shares in 2017Q2 were reported. Patten Patten Inc Tn holds 0.69% in Adobe Systems Incorporated (NASDAQ:ADBE) or 43,892 shares. Wells Fargo & Mn reported 2,971 shares or 0% of all its holdings. Reilly Financial Advsr Llc reported 0% of its portfolio in EOG Resources, Inc. Atlantic Trust Gp Ltd Liability Corporation holds 1.02M shares or 0.68% of its portfolio. Huntington Savings Bank has 48,923 shares for 0.08% of their portfolio. Bank of Stockton raised its holdings in shares of Adobe Systems by 0.4% in the 2nd quarter. Df Dent Communications holds 3.1% or 819,793 shares. Timessquare Mgmt Ltd Co reported 16,640 shares. Adobe Systems Incorporated has a 52 week low of $107.06 and a 52 week high of $188.94. Moreover, Bradley Foster Sargent Ct has 0.73% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Lansdowne Ptnrs (Uk) Llp reported 15,661 shares stake. Zeke Capital Limited Liability Company holds 13,135 shares. Green Square Llc stated it has 0.25% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). BlackRock Inc. boosted its stake in Adobe Systems by 8.2% during the 2nd quarter.

Investors sentiment increased to 1.11 in 2017 Q3. Its the same as in 2017Q2. Fayez Sarofim And has invested 0% in Invesco Ltd. (NYSE:IVZ). Investec Asset Mngmt owns 428,390 shares. Fincl Architects Incorporated accumulated 140 shares. Gabelli Funds Limited Com holds 0.04% or 200,000 shares in its portfolio. Cubist Systematic Strategies Lc invested in 19,471 shares. Brown Advisory Incorporated stated it has 537,683 shares.

Roger Federer, Novak Djokovic drawn in same half for Australian Open
Top seed Simona Halep opens against wild card Destanee Aiava , and could face slumping star Eugenie Bouchard in the second round. Williams' quarter also includes fourth-seeded Elina Svitolina and 13th-seeded Sloane Stephens, who won last year's U.S.

Arizona State Retirement Sys accumulated 136,818 shares or 0.24% of the stock. Boys Arnold & reported 0.53% stake. South Texas Money Management Limited accumulated 369,726 shares. Efg Asset (Americas) Corp has 27,219 shares for 1.54% of their portfolio. Amer Rech And Management reported 956 shares. First National Tru Co reported 0.04% of its portfolio in EOG Resources, Inc.

Since October 24, 2017, it had 0 buys, and 1 insider sale for $219,205 activity.

Analysts await SJW Group (NYSE:SJW) to report earnings on February, 28. They expect $0.20 EPS, down 31.03% or $0.09 from last year's $0.29 per share. SJW's profit will be $9.03 million for 33.27 P/E if the $0.44 EPS becomes a reality.

Among 35 analysts covering Schlumberger Limited. More interesting news about Adobe Systems Incorporated (NASDAQ:ADBE) were released by: Investorplace.com and their article: "Technicals Tell: Not the Time to Buy Adobe Systems Incorporated Stock" published on December 21, 2017 as well as Fool.com's news article titled: "Why Adobe Systems Incorporated Stock Jumped 70.2% in 2017" with publication date: January 06, 2018. Therefore 65% are positive. After $1.05 actual EPS reported by Adobe Systems Incorporated for the previous quarter, Wall Street now forecasts 0.95% EPS growth. The firm has "Mkt Perform" rating given on Friday, December 2 by Bernstein. Credit Suisse maintained Danaher Corporation (NYSE:DHR) on Friday, October 20 with "Outperform" rating. (NYSE:PNC) earned "Hold" rating by Societe Generale on Tuesday, March 22. The firm has "Buy" rating by Jefferies given on Friday, September 18. The company was upgraded on Monday, May 23 by Goldman Sachs. Deutsche Bank maintained Invesco Ltd. (NYSE:IVZ) rating on Monday, July 18. Robert W. Baird has "Neutral" rating and $85.0 target. The stock of Danaher Corporation (NYSE:DHR) earned "Buy" rating by Evercore on Wednesday, January 3.

Related News:

  • Pokemon Go Features Surfing Pikachu In Its First Community Day Event

    Pokemon Go Features Surfing Pikachu In Its First Community Day Event

    This day's event session will take place at a different time dependent on each trainer's region of the world. This bonuses include increased XP or Stardust, and lure modules will last three hours during it.
    Swedbank Decreases Stake in Gilead Sciences, Inc. (NASDAQ:GILD)

    Swedbank Decreases Stake in Gilead Sciences, Inc. (NASDAQ:GILD)

    The stock of Northern Trust Corporation ( NASDAQ :NTRS) earned "Neutral" rating by Buckingham Research on Thursday, October 19. STOR share have plunged by -4.72% in percentage terms since the start of the year - and retreated -3.61% in the last month.
    Former 49er running back joins SC  football staff

    Former 49er running back joins SC football staff

    He scampered for 1,197 yards and established a new school record with 17 touchdowns. James Andrews, Baalke took a gamble on Lattimore in the fourth round.
  • Barry Bennell trial: Coach 'abused me on way to games'

    Barry Bennell trial: Coach 'abused me on way to games'

    The witness also described being abused on a football tour at Butlins in Pwllheli, after he woke up to find Mr Bennell behind him. He said the abuse would take place regularly after Bennell picked him up and also when he stayed overnight at Bennell's home.
    People Are Now Drinking 'Raw Water'

    People Are Now Drinking 'Raw Water'

    The reality, though, is one that could involve serious illnesses uncommon in modern America. Those who sell it hold that all this virginal unprocessed-ness is super good for you.
    Joshua, Parker Heavyweight Title Fight Set To Be Announced

    Joshua, Parker Heavyweight Title Fight Set To Be Announced

    To do that he has to beat Parker and Wilder. "Let me tell you, that's a fight that we would sit down now and make for 2018". Parker's promoter, Davie Higgins, is now in England and seems to have finalised a deal with Joshua's promoter, Eddie Hearn.
  • Twitter is latest target of right-wing Project Veritas

    Twitter is latest target of right-wing Project Veritas

    Pierre also mentioned that the new AI won't ban a "mindset" but will ban "a way of talking". That is in line with Twitter's official line on the issue of banning the president.
    'Silicon Valley' Trailer Boots up the New Internet for Season 5

    'Silicon Valley' Trailer Boots up the New Internet for Season 5

    This is an achievement for BTS because " Silicon Valley " is an award-winning show on one of America's most well-known networks. Judge, Alec Berg, Clay Tarver, Michael Rotenberg, Tom Lassally, Jamie Babbit, and Jim Kleverweis serve as executive producers.
    Hospitals Limit Visits Because of the Flu

    Hospitals Limit Visits Because of the Flu

    Since Oct. 1, the CDC is reporting more than 13,000 cases of the flu-that's six times the number as the same time a year ago . Not everyone with flu will have a fever. "People become protected about two weeks after receiving the vaccine ", said Taylor.
  • Spartans struggle again, beat Rutgers in ovetime

    Spartans struggle again, beat Rutgers in ovetime

    However, the game was tied at halftime and Rutgers trailed by only two points with eight minutes to play in regulation. There are encouraging signs, and Rutgers came move up with good home showings against Ohio State and Iowa next week.
    Samsung Begins Mass Production of Improved HBM2

    Samsung Begins Mass Production of Improved HBM2

    Now bandwidth per package can be found simply by multiplying the available memory speed by the bus width. Samsung Electronics exceptionally labeled a brand name Aquabolt for the latest HBM2 DRAM chip.
    YouTube star Shane Dawson apologises for repulsive jokes about paedophilia

    YouTube star Shane Dawson apologises for repulsive jokes about paedophilia

    In it he states: "I am not a f--ing pedophile!" On Twitter, Shane included another brief statement, saying "I grew up". The name was eventually changed to "I think Shane Dawson is a paedophile" before eventually deleting it from YouTube.


Most liked

CVS plans to keep Aetna's headquarters in CT
At that point, many in CT believed that Aetna might stay after all. "Aetna staying CT is good for both us and them", said Murphy. CVS confirmed to Channel 3 that the company has "no plans to relocate Aetna's operations from Hartford".

Dark Souls is coming to Nintendo Switch
Noire on the platform and 2015's smash indie hit Rocket League also came to the platform past year with cross-play support. For the Nintendo Switch version of Dark Souls: Remastered , you only find this so far at GameStop.com , also for $39.99.

Dark Souls: Remastered On PS4 Pro Will Not Feature HDR Lighting
Dark Souls Remastered Switch - What do we Know? The Nintendo Switch version will, however, run at 1080p and 30fps. The Dark Souls website has revealed that they're also releasing the Dark Souls Trilogy box set on May 24th.

Jordan Spieth six off the lead after late quadruple-bogey — Sony Open
He is three shots behind clubhouse leader Chris Kirk , who posted a flawless 63, including five birdies on the back nine. Johnson admitted his round was a pleasant surprise, after a bout of flu cost him some pre-season practice time.

Knicks defeated in double overtime
Who the Trends Like: Chicago is 0-4 ATS in its last four meetings in NY and 2-5 ATS in the last seven meetings overall. The Knicks forced a 24-second violation on the next possession, but couldn't take advantage of the turnover.

Rhule to stay at Baylor
Baylor's Matt Rhule interviewed for the Indianapolis Colts head coaching vacancy earlier this week, ESPN reported on Wednesday . They've quietly been building a nice recruiting class, now ranking as the No. 30 team for the 2018 cycle on Rivals.

Switzerland just made it illegal to boil live lobsters
Animal rights advocates argue that lobsters have sophisticated nervous systems and feel significant pain when boiled alive. A similar law, which ruled it's cruel to put lobsters on ice, was passed last June in Italy's highest court.

West Ham's reported £5million opening bid for midfielder rejected
But the former Manchester United man has been a big disappointment so far, scoring only four Premier League goals in 17 games. West Ham have had an opening bid of £5 million for Bournemouth midfielder Harry Arter turned down.

Could Chris Brown be jailed over his pet monkey?
Investigators determined the singer didn't have a permit for the animal he named Fiji , Capt. His case has reportedly been passed on to the Los Angeles City Attorney's office.

Salman Khan rushed home after death threats in Jodhpur?
Salman was sent home in another auto with six cops while his vehicle was driven back to his residence by another group of cops. Salman Khan's alleged involvement in the 1998 blackbuck case seems to have reignited trouble for the actor.

FDA Releases New Requirements For Prescription Opioid Cough And Cold Medicines
Cough is often secondary to infection, not serious, and usually will get better on its own so treatment may not be necessary. Slowed or hard breathing can also result from exposure to codeine or hydrocodone.

Government in crisis talks over company that provides vital services to schools
United Kingdom shadow business secretary Rebecca Long-Bailey said: "The collapse of Carillion could provoke a serious crisis". And it and has several major contracts for managing public facilities, including West of Scotland Housing Association.

A glance again at Meghan Markle's social media
Samantha recently made comments about that $75,000 dress Meghan wore for her engagement announcement photos with Prince Harry . According to her, she was just misquoted by the tabloids. "And she said, "There are too many cooks in the kitchen, babe".

Trump lawyer claims Russian Federation dossier defamed him, sues BuzzFeed and Fusion GPS
Fusion's lawyer, Joshua Levy, said he had not seen the suit and that he had "not received a letter from counsel on anything". Australian officials then passed the information to their American counterparts, the Times reported.

Let's get physical: Trump to undergo first medical examination as president
However, like all Americans, Trump has the right under federal law to keep health information from public disclosure. The idea is to give seamless care to transitioning service members even if they don't have a job or a health plan. .