High Expectations For Adobe Systems Incorporated (NASDAQ:ADBE), But Is There Upside?

Channel Checks Suggest A Solid Q1 For Adobe Morgan Stanley Previews The Print

R-G Niederhoffer Capital Management Inc increased its stake in Wal (WMT) by 112.5% based on its latest 2017Q3 regulatory filing with the SEC. Vanguard Group Inc is the second biggest holder with 35 million shares now valued at 5.15 B million whilst PRIMECAP Management Company has 24 million shares valued at 3.57 B million. The hedge fund run by Jeff Lignelli held 536,223 shares of the consumer services company at the end of 2017Q3, valued at $39.47M, up from 299,600 at the end of the previous reported quarter. Following the completion of the transaction, the director now directly owns 16,088 shares in the company, valued at $2,808,160.40. The stock increased 0.28% or $0.24 during the last trading session, reaching $86.38. Another trade for 6,376 shares valued at $1.26 million was made by DILLON MICHAEL A on Wednesday, January 31. CurrencyShares Euro ETF (NYSEARCA:FXE) has declined 0.72% since March 15, 2017 and is downtrending. It has outperformed by 5.00% the S&P500. Wealthfront Inc.'s holdings in Adobe Systems were worth $2,324,000 as of its most recent filing with the SEC. Congress Asset Management Company sold 18,848 shares as Starbucks Corp (SBUX)'s stock rose 6.99%. Winslow Evans & Crocker Inc who had been investing in Adobe Sys Inc for a number of months, seems to be less bullish one the $107.76B market cap company. The stock price dipped -12.49% in three months and soared 4.90% for the last six months trading period. About 1.53M shares traded.

Analysts await Adobe Systems Incorporated (NASDAQ:ADBE) to report earnings on March, 15 after the close. It has outperformed by 25.59% the S&P500. Shares for $10.21M were sold by GARRETT MARK. (NYSE:HON), 17 have Buy rating, 0 Sell and 4 Hold. Therefore 68% are positive. Honeywell International Inc. had 93 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has "Buy" rating given on Wednesday, September 21 by Citigroup. The stock of Apple Inc. The firm earned "Buy" rating on Wednesday, September 21 by Canaccord Genuity. The stock has "Neutral" rating by Credit Suisse on Wednesday, January 6. Citigroup maintained the shares of HON in report on Tuesday, April 19 with "Buy" rating. Morgan Stanley maintained MetLife, Inc. (NYSE:LOW) has "Hold" rating given on Friday, May 13 by Jefferies. Credit Suisse has "Neutral" rating and $105 target. Cowen & Co maintained YUM! The company was initiated on Tuesday, May 24 by Topeka Capital Markets. HON's profit will be $1.41 billion for 20.00 P/E if the $1.88 EPS becomes a reality. After $1.11 actual earnings per share reported by MetLife, Inc. for the previous quarter, Wall Street now forecasts 6.31% EPS growth.

Investors sentiment increased to 1.11 in 2017 Q3. Its down 0.59, from 1.45 in 2017Q2. 67 funds opened positions while 219 raised stakes. 881.34 million shares or 0.46% more from 877.29 million shares in 2017Q2 were reported.

Howe & Rusling Inc increased Cdn Imperial Bk Comm Toronto (NYSE:CM) stake by 4,040 shares to 95,108 valued at $8.32 million in 2017Q3. Paloma Prtnrs Mngmt holds 29,940 shares or 0.06% of its portfolio. It also upped Tjx Cos Inc New (NYSE:TJX) stake by 61,378 shares and now owns 61,520 shares. (NYSE:HON) for 5,087 shares. Jag Cap Management Lc holds 3.17% or 113,372 shares. Findlay Park Prtn Ltd Liability Partnership holds 2.42% or 1.64M shares. State Treasurer State Of Michigan stated it has 511,338 shares. Tower Rech Capital Ltd Liability (Trc) holds 0% of its portfolio in Layne Christensen Company (NASDAQ:LAYN) for 3,357 shares. 734 are owned by Shine Invest Advisory Services. Longbow downgraded Apple Inc. Texas Permanent School Fund holds 0.26% or 136,738 shares in its portfolio. (NYSE:HON). Tanaka reported 1.98% stake. Benjamin F Edwards & Co Inc reported 79,467 shares. Centre Asset Management Limited Liability Com reported 82,510 shares stake. Cam Group Holding A sold 47,783 shares as the company's stock rose 9.08% with the market. Euronet Worldwide Inc (Prn) was reduced too. First Mercantile Communication reported 8,200 shares.

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Investors sentiment decreased to 0.86 in Q3 2017. Its up 0.02, from 0.68 in 2017Q2. It is negative, as 42 investors sold Adobe Systems Incorporated shares while 327 reduced holdings. 59 funds opened positions while 149 raised stakes. During the same period in the previous year, the firm earned $0.90 earnings per share. It also reduced Spdr S&P 500 Etf Tr (SPY) stake by 20,983 shares and now owns 11,598 shares. Crawford Investment Counsel Incorporated holds 0.01% or 1,625 shares in its portfolio. Moreover, Rutabaga Cap Mngmt Lc Ma has 3.45% invested in Layne Christensen Company (NASDAQ:LAYN) for 1.29 million shares.

In other Adobe Systems news, Chairman Shantanu Narayen sold 165,023 shares of the company's stock in a transaction on Thursday, January 25th. 1,953 Adobe Systems Incorporated (NASDAQ:ADBE) shares with value of $297,032 were sold by Lewnes Ann. 1,125 shares were bought by Banse Amy, worth $199,520. Following the purchase, the director now owns 31,453 shares in the company, valued at $5,578,189.55. (NYSE:DRI). Renaissance Techs Limited Liability owns 811,900 shares or 0.08% of their United States portfolio. Public Employees Retirement Association Of Colorado owns 90,093 shares. Bnp Paribas Arbitrage invested in 0% or 1,691 shares. Regent Investment Mngmt Ltd Liability invested in 46,786 shares. Neuberger Berman Grp Limited Liability has invested 0% in Incyte Corporation (NASDAQ:INCY).

Over the past 50 days, Adobe Systems Incorporated stock's -1.94% off of the high and 25.83% removed from the low. THOMPSON MATTHEW sold 2,190 shares worth $379,784.

Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 29 have Buy rating, 0 Sell and 9 Hold. Adobe Systems had 143 analyst reports since August 11, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with "Outperform" on Friday, October 2. UBS maintained the shares of ADBE in report on Wednesday, September 21 with "Buy" rating. The rating was maintained by FBR Capital with "Mkt Perform" on Wednesday, October 7. They just need to take the company's market capitalization and divide it by the company's total sales over the past 12 months. The stock has "Equal-Weight" rating by Morgan Stanley on Friday, November 17. The firm has "Buy" rating given on Thursday, October 19 by Stifel Nicolaus. Robert W. Baird maintained Starbucks Corporation (NASDAQ:SBUX) on Tuesday, January 2 with "Buy" rating. This based on a 1.0-5.0 numeric scale where Rating Scale: 1.00 Strong Buy, 2.00 Buy, 3.00 Hold, 4.00 Sell, 5.00 Strong Sell. Argus Research has "Buy" rating and $84 target.

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