Adobe Systems Inc Q3 2017 Institutional Investor Sentiment Better Than Expected

Moreover, Polen Capital Management Llc has 7.55% invested in the company for 6.29 million shares. The Kingdon Capital Management Llc holds 127,811 shares with $15.29M value, down from 163,038 last quarter. The stock increased 0.59% or $0.38 during the last trading session, reaching $64.67. About 915,910 shares traded. The Boeing Company (NYSE:BA) has risen 41.13% since January 13, 2017 and is uptrending. It has underperformed by 25.94% the S&P500. $338,846 worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by Lewnes Ann. The rating was maintained by BMO Capital Markets with "Buy" on Tuesday, January 2. About 283,349 shares traded. Polen Capital Management LLC now owns 6,288,816 shares of the software company's stock valued at $938,166,000 after purchasing an additional 226,286 shares during the last quarter. The shares were sold at an average price of $175.39, for a total transaction of $4,384,750.00. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since January 13, 2017 and is uptrending. It has outperformed by 25.59% the S&P500.

Since August 9, 2017, it had 1 insider buy, and 7 selling transactions for $6.56 million activity. Cox Christopher K sold $2.72M worth of Facebook, Inc. Trust Department Mb Savings Bank N A has 0.92% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 57,831 shares.

Investors sentiment increased to 1.11 in Q3 2017. Its down 0.30, from 1.28 in 2017Q2. It increased, as 42 investors sold ADBE shares while 327 reduced holdings. The institutional investor held 34,387 shares of the prepackaged software company at the end of 2017Q3, valued at $5.13M, down from 41,338 at the end of the previous reported quarter. FTB Advisors Inc. now owns 2,728 shares of the software company's stock worth $395,000 after purchasing an additional 33 shares during the last quarter. Amica Pension Fund Board Of Trustees accumulated 12,767 shares. The firm's revenue for the quarter was up 24.8% compared to the same quarter last year. sell-side analysts predict that Adobe Systems will post 4.58 EPS for the current year. People s United Financial Inc. grew its position in Adobe Systems by 0.3% during the second quarter. RBC Capital Markets maintained the shares of ADBE in report on Wednesday, September 21 with "Outperform" rating. Point72 Asia (Hong Kong) Ltd reported 0.09% stake. Spirit Of America Corporation owns 4,200 shares. Evercore Wealth Mgmt Limited owns 3,804 shares for 0.04% of their portfolio. The New York-based Cornerstone Cap Ltd Liability Company has invested 0.17% in Adobe Systems Incorporated (NASDAQ:ADBE). Mogy Joel R Investment Counsel Inc has invested 0.48% in Adobe Systems Incorporated (NASDAQ:ADBE). Diamond Hill, a Ohio-based fund reported 8,620 shares.

Shares of Adobe Systems Incorporated (NASDAQ:ADBE) opened at 116.44 on Friday. Fifth Third Bancorp who had been investing in Adobe Sys Inc for a number of months, seems to be bullish on the $96.15 billion market cap company. It has a 19.85 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. BidaskClub upgraded shares of Adobe Systems from a "buy" rating to a "strong-buy" rating in a research report on Tuesday. Therefore 76% are positive. Facebook had 217 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained WESCO International, Inc. Piper Jaffray maintained Microsoft Corporation (NASDAQ:MSFT) on Wednesday, January 3 with "Buy" rating. Finally, Citigroup boosted their price objective on shares of Adobe Systems to $202.00 and gave the company a "buy" rating in a research note on Friday, December 15th. The rating was maintained by Needham on Wednesday, November 8 with "Buy". On Friday, September 18 the stock rating was maintained by Jefferies with "Buy". The company was initiated on Thursday, April 13 by Guggenheim.

Analysts await Facebook, Inc. They expect $0.76 EPS, up 10.14% or $0.07 from last year's $0.69 per share. ADBE's profit will be $522.52 million for 46.00 P/E if the $1.06 EPS becomes a reality. Barometer Capital reported 0.11% in Adobe Systems Incorporated (NASDAQ:ADBE).

PulteGroup, Inc. (PHM) Shares Sold by Calamos Advisors LLC
Comml Bank Of The West invested in 15,069 shares. 95 funds opened positions while 408 raised stakes. (NYSE:NCS). The company has a debt-to-equity ratio of 0.72, a current ratio of 0.25 and a quick ratio of 0.25. (NYSE:PHM).

Kingdon Capital Management Llc increased Mylan N V (Call) (NASDAQ:MYL) stake by 100,200 shares to 200,000 valued at $6.27M in 2017Q3. Jennison Assocs Llc owns 10.88M shares. Micron Technology Inc (Prn) was raised too.

Investors sentiment is 1.33 in Q3 2017. Its down 0.05, from 0.86 in 2017Q2. 165 funds opened positions while 367 raised stakes. Zacks Investment Research cut shares of Adobe Systems from a "buy" rating to a "hold" rating in a research report on Tuesday, December 19th. Janus Henderson Group PLC now owns 11,226,707 shares of the software company's stock worth $1,587,936,000 after acquiring an additional 9,957,241 shares in the last quarter. Pnc Financial Grp Inc accumulated 461 shares or 0% of the stock. FISCHER DAVID B. had sold 16,298 shares worth $2.75 million. Teacher Retirement Sys Of Texas holds 0% in WESCO International, Inc. Amer Century Inc owns 0.12% invested in Vulcan Materials Company (NYSE:VMC) for 992,816 shares. 215,632 are owned by Tiaa Cref Invest Management Ltd Liability. 9,845 are owned by Gardner Russo & Gardner Lc.

In other news, Director Amy Banse purchased 1,125 shares of the company's stock in a transaction that occurred on Monday, December 18th. (NASDAQ:FB). Sterneck Mngmt Limited Liability Corp holds 22,490 shares or 2.2% of its portfolio. Charter has 0.04% invested in Facebook, Inc. First Midwest Fincl Bank Division holds 18,864 shares or 0.34% of its portfolio. (NASDAQ:DLTR), 22 have Buy rating, 1 Sell and 11 Hold. Therefore 83% are positive. The firm has "Outperform" rating given on Wednesday, February 8 by RBC Capital Markets. Credit Suisse maintained the stock with "Neutral" rating in Wednesday, September 21 report. The firm has "Outperform" rating by Oppenheimer given on Thursday, July 30. As per Tuesday, October 3, the company rating was maintained by SunTrust. (NYSE:WCC) rating on Monday, July 10. The firm has "Buy" rating by Cowen & Co given on Wednesday, August 30.

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