Nine brokerages rating the company a strong buy, nine brokerages rating the company a buy, five brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $111.57. The Insight Capital Research & Management Inc holds 24,827 shares with $3.51M value, up from 14,907 last quarter. Keybank Association Oh holds 0.02% in Adobe Systems Incorporated (NASDAQ:ADBE) or 19,628 shares. 2,063,218 shares of the stock traded hands, compared to its average volume of 3,456,833. It has outperformed by 25.59% the S&P500.
Since June 14, 2017, it had 0 insider buys, and 1 sale for $311,035 activity. Insiders sold a total of 14,849 shares of company stock worth $2,519,679 over the last ninety days.
More notable recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Seekingalpha.com which released: "Adobe urges users patch Flash after malware attack; shares -" on October 16, 2017, also Finance.Yahoo.com with their article: "3 Big Stock Charts for Monday: Apple Inc., Adobe Systems Incorporated and ..." published on October 16, 2017, Investorplace.com published: "Watch Adobe Systems Incorporated (ADBE) Stock Enter the AI Game in a Big Way" on October 30, 2017. Therefore 79% are positive. BidaskClub upgraded shares of Adobe Systems from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, August 16th. Canaccord Genuity has "Buy" rating and $185.0 target. On Friday, March 18 the stock rating was maintained by RBC Capital Markets with "Outperform". UBS has "Buy" rating and $130 target.
In other news, Director John E. Warnock sold 6,800 shares of Adobe Systems stock in a transaction that occurred on Friday, October 20th.
COPYRIGHT VIOLATION NOTICE: "Chase Investment Counsel Corp Decreases Holdings in Adobe Systems Incorporated (ADBE)" was originally published by Week Herald and is the sole property of of Week Herald. Argus boosted their price objective on shares of Adobe Systems from $170.00 to $195.00 and gave the company a "buy" rating in a research report on Wednesday, October 25th. The stock has "Buy" rating by UBS on Wednesday, June 22. More interesting news about Adobe Systems Incorporated (NASDAQ:ADBE) were released by: "Investorplace.com and their article: "Adobe Systems Incorporated Will Head Higher â€" Much Higher" published on October 19, 2017 as well as Investorplace.com's news article titled: "Watch Adobe Systems Incorporated (ADBE) Stock Enter the AI Game in a Big Way" with publication date: "October 30, 2017.
Investors sentiment increased to 1.35 in Q2 2017. Guardian Life Insurance Co. of America raised its holdings in shares of Adobe Systems by 0.7% in the 1st quarter.
Apple's (NASDAQ:AAPL) "Buy" Rating Reiterated at Drexel Hamilton
Town & Country Bank & Trust CO dba First Bankers Trust CO raised its position in shares of Apple by 0.9% during the 1st quarter. The Firm operates through three divisions: carbon flat products, specialty metals flat products, and tubular and pipe products.
Other hedge funds have also recently added to or reduced their stakes in the company. Jefferies Group LLC assumed coverage on shares of Adobe Systems in a research report on Thursday, August 24th. Wetherby Asset Mngmt owns 0.25% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 10,577 shares. Vantage Inv Advsr Lc invested 1.1% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Jacobs Levy Equity Management stated it has 118,834 shares. The correct version of this piece of content can be viewed at https://weekherald.com/2017/11/11/chase-investment-counsel-corp-decreases-holdings-in-adobe-systems-incorporated-adbe.html. The institutional investor owned 43,306 shares of the software company's stock after selling 7,145 shares during the period. Modera Wealth Management Ltd Liability Corp has 3,751 shares for 0.13% of their portfolio. Credit Suisse Ag, Switzerland-based fund reported 969,083 shares. Regentatlantic Capital LLC raised its stake in shares of Adobe Systems by 0.3% in the third quarter. Virginia Retirement System Et Al invested in 0.03% or 45,000 shares. 394,194 are held by Westend Advsrs Ltd. Gotham Asset Ltd owns 76,342 shares or 0.15% of their U.S. portfolio. Connor Clark & Lunn Invest Mgmt invested in 176,573 shares or 0.01% of the stock.
Inverness Counsel Llc increased Kraft Heinz Co stake by 55,806 shares to 438,559 valued at $37.56 million in 2017Q2.
Facebook, Inc. (FB) shares declined -0.14% and ended the day at $179.3. T (NYSE:TMUS) was raised too. The stock of Monsanto Company (NYSE:MON) earned "Neutral" rating by JP Morgan on Thursday, April 7. PNC Financial Services Group Inc. now owns 144,954 shares of the software company's stock valued at $18,862,000 after buying an additional 4,367 shares during the period. Also, EVP Michael A. Dillon sold 13,331 shares of the stock in a transaction dated Monday, October 10th. 2,770 shares were sold by LORD PATRICK J, worth $430,320 on Tuesday, June 13.
Investors sentiment increased to 6.41 in Q2 2017. Its down 0.14, from 1.12 in 2017Q1. It increased, as 29 investors sold DST shares while 12 reduced holdings. 110 funds opened positions while 182 raised stakes. 219 were reported by Vigilant Cap Mgmt Limited Liability Corp. Arrowstreet Capital L P reported 88,795 shares. Seatown Pte Ltd accumulated 0.29% or 14,932 shares. Natixis Asset Mgmt invested in 0.21% or 17,121 shares. 4,040 were accumulated by Edgestream Ltd Partnership. 5 are held by Prelude Limited Com. 42,004 are held by Shelton Cap Management. Balyasny Asset Mngmt Ltd holds 0.03% or 59,700 shares in its portfolio. Winslow Evans & Crocker holds 9,034 shares. (NYSE:DST). Da Davidson & holds 4,538 shares. United Rentals Inc (NYSE:URI) was reduced too.
Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 30 have Buy rating, 0 Sell and 8 Hold. Therefore 86% are positive.
ADBE has been the subject of a number of research analyst reports. The firm has "Buy" rating given on Wednesday, September 21 by Canaccord Genuity. As per Tuesday, October 3, the company rating was maintained by Robert W. Baird. The firm has "Buy" rating given on Tuesday, September 26 by KeyBanc Capital Markets. The rating was maintained by Wunderlich with "Hold" on Friday, December 11. Morgan Stanley initiated the stock with "Overweight" rating in Tuesday, December 15 report. The firm has "Buy" rating given on Wednesday, September 21 by Pivotal Research. The company was maintained on Thursday, July 27 by Cowen & Co.