Adobe Up 4% on FYQ2 Beat, Higher Q3 View


61 funds opened positions while 244 raised stakes. 417.05 million shares or 0.67% less from 419.85 million shares in 2016Q3 were reported. Tuesday reported an increase in profit for the second quarter, as revenues rose reflecting strong cloud revenue growth. Spirit Of America Management New York, New York-based fund reported 4,200 shares.

Adobe Systems Incorporated (NASDAQ:ADBE) shares ticked up 1.82% to $140.35 on Monday.

Let's have a look at some of the important valuation ratios of the Adobe Systems Incorporated (ADBE). Alexandria Capital Limited Liability Co holds 0% or 88 shares. The FCF Score of Adobe Systems Incorporated (NasdaqGS:ADBE) is 1.411914. (NYSE:SE). Envestnet Asset Management Inc invested in 365,145 shares or 0.05% of the stock. Amica Retiree Trust invested in 0.24% or 2,919 shares. BURGESS ROBERT K sold 25,000 shares worth $2.83 million. Trillium Asset Mngmt Ltd Limited Liability Company holds 1.22% or 180,280 shares. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has "Hold" rating given on Thursday, January 12 by Pivotal Research. (NYSE:SE). Guggenheim Lc stated it has 1.52M shares.

Since January 4, 2017, it had 0 buys, and 16 sales for $60.06 million activity.

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Wrapmanager Inc. increased its position in shares of Adobe Systems Incorporated (NASDAQ:ADBE) by 7.8% during the first quarter, according to its most recent 13F filing with the SEC. WARNOCK JOHN E had sold 5,000 shares worth $536,405 on Tuesday, January 17. 40,000 shares valued at $4.56 million were sold by Rencher Bradley on Tuesday, January 24. Lewnes Ann sold $311,035 worth of stock. Narrowing in a bit closer, the 5 month price index is 1.27333, the 3 month is 1.12399, and the 1 month is now 0.99631. The insider NARAYEN SHANTANU sold $19.79 million. On average, equities research analysts anticipate that Adobe Systems Incorporated will post $3.95 earnings per share for the current year. 5,430,138 shares of the company's stock traded hands. The software company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.07. MakeMyTrip Limited (NASDAQ:MMYT) has risen 111.67% since June 20, 2016 and is uptrending. It has outperformed by 25.59% the S&P500.

Adobe Systems Incorporated is a software company. The company has a market cap of $69.71 billion, a price-to-earnings ratio of 53.80 and a beta of 0.98. Factors that might cause or contribute to such differences include, but are not limited to: failure to develop, market and offer products and services that meet customer requirements, introduction of new products, services and business models by competitors, fluctuations in subscription renewal rates, failure to successfully manage transitions to new business models and markets, uncertainty in economic conditions and the financial markets, complex and unpredictable sales cycles for some enterprise offerings, risks associated with cyber-attacks and information security, potential interruptions or delays in hosted services provided by us or third parties, changes in accounting principles, and failure to realize the anticipated benefits of past or future acquisitions. It operates through three divisions: Digital Media, Digital Marketing, and Print and Publishing. Analysts reported that the Price Target for Adobe Systems Incorporated might touch $161 high while the Average Price Target and Low price Target is $146.75 and $112 respectively. Therefore 81% are positive. Spectra Energy Corp. had 24 analyst reports since August 6, 2015 according to SRatingsIntel.

Several research firms have issued reports on ADBE. The stock has "Outperform" rating by BMO Capital Markets on Thursday, January 5. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned "Outperform" rating by RBC Capital Markets on Friday, December 11. On Wednesday, June 22 the stock rating was maintained by UBS with "Buy". Pacific Crest upped their price objective on Adobe Systems from $122.00 to $142.00 and gave the stock an "overweight" rating in a research note on Friday, March 17th. The rating was maintained by RBC Capital Markets on Friday, October 2 with "Outperform".