Adobe (NASDAQ:ADBE): BMO Capital Reiterates “Buy” Rating Today, Has a Target of $165.0/Share

August 24, 2017 - By Dolores Ford

 Adobe (NASDAQ:ADBE): BMO Capital Reiterates

Investors sentiment decreased to 1.02 in 2016 Q4. Its down 0.13, from 1.15 in 2016Q3. It dived, as 57 investors sold Adobe Systems Incorporated shares while 287 reduced holdings. 85 funds opened positions while 267 raised stakes. 417.05 million shares or 0.67% less from 419.85 million shares in 2016Q3 were reported.

Wealth Enhancement Advisory Limited owns 6,260 shares. West Virginia-based City Com has invested 0.01% in Adobe Systems Incorporated (NASDAQ:ADBE). Lmr Prtnrs Llp owns 13,716 shares for 0.22% of their portfolio. Atalanta Sosnoff Capital Limited Liability Corp accumulated 282,943 shares. Wellington Shields Capital Mngmt Lc has invested 0.05% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). 363,383 were reported by Amp Cap Investors Limited. Green Square Limited reported 0.26% in Adobe Systems Incorporated (NASDAQ:ADBE). Jag Capital Mgmt Limited Liability Com holds 2.55% in Adobe Systems Incorporated (NASDAQ:ADBE) or 108,084 shares. Telemus Capital Ltd Llc owns 2,203 shares. Endurance Wealth Mgmt holds 1,834 shares or 0.03% of its portfolio. Shelton Cap Mgmt reported 0.54% in Adobe Systems Incorporated (NASDAQ:ADBE). 608,694 are held by Agf Investments. The California-based Blackrock Institutional Tru Na has invested 0.22% in Adobe Systems Incorporated (NASDAQ:ADBE). Lpl reported 55,481 shares stake. Gilder Gagnon Howe Com Ltd Liability Corporation owns 470,116 shares or 0.95% of their US portfolio.

Since March 20, 2017, it had 0 buys, and 5 selling transactions for $11.00 million activity. Shares for $2.61 million were sold by LAMKIN BRYAN on Friday, March 31. Another trade for 59,550 shares valued at $7.50 million was sold by GESCHKE CHARLES M. 2,233 shares valued at $311,035 were sold by Lewnes Ann on Wednesday, June 14.

Adobe (NASDAQ:ADBE) Rating Reaffirmed

BMO Capital now has a $165.0 target price on the $73.84 billion market cap company or 10.25 % upside potential. In a research report issued on 22 August, Adobe (NASDAQ:ADBE) shares have had their “Buy” Rating reconfirmed by professional analysts at BMO Capital.

Investors sentiment decreased to 1.02 in 2016 Q4. Its down 0.13, from 1.15 in 2016Q3. It dived, as 57 investors sold Adobe Systems Incorporated shares while 287 reduced holdings. 85 funds opened positions while 267 raised stakes. 417.05 million shares or 0.67% less from 419.85 million shares in 2016Q3 were reported.

Wealth Enhancement Advisory Limited owns 6,260 shares. West Virginia-based City Com has invested 0.01% in Adobe Systems Incorporated (NASDAQ:ADBE). Lmr Prtnrs Llp owns 13,716 shares for 0.22% of their portfolio. Atalanta Sosnoff Capital Limited Liability Corp accumulated 282,943 shares. Wellington Shields Capital Mngmt Lc has invested 0.05% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). 363,383 were reported by Amp Cap Investors Limited. Green Square Limited reported 0.26% in Adobe Systems Incorporated (NASDAQ:ADBE). Jag Capital Mgmt Limited Liability Com holds 2.55% in Adobe Systems Incorporated (NASDAQ:ADBE) or 108,084 shares. Telemus Capital Ltd Llc owns 2,203 shares. Endurance Wealth Mgmt holds 1,834 shares or 0.03% of its portfolio. Shelton Cap Mgmt reported 0.54% in Adobe Systems Incorporated (NASDAQ:ADBE). 608,694 are held by Agf Investments. The California-based Blackrock Institutional Tru Na has invested 0.22% in Adobe Systems Incorporated (NASDAQ:ADBE). Lpl reported 55,481 shares stake. Gilder Gagnon Howe Com Ltd Liability Corporation owns 470,116 shares or 0.95% of their US portfolio.

Since March 20, 2017, it had 0 buys, and 5 selling transactions for $11.00 million activity. Shares for $2.61 million were sold by LAMKIN BRYAN on Friday, March 31. Another trade for 59,550 shares valued at $7.50 million was sold by GESCHKE CHARLES M. 2,233 shares valued at $311,035 were sold by Lewnes Ann on Wednesday, June 14.

Adobe Systems Incorporated (NASDAQ:ADBE) Ratings Coverage

Among 37 analysts covering Adobe Systems (NASDAQ:ADBE), 30 have Buy rating, 1 Sell and 6 Hold. Therefore 81% are positive. Adobe Systems has $18000 highest and $10 lowest target. $128.36’s average target is -14.23% below currents $149.66 stock price. Adobe Systems had 91 analyst reports since August 11, 2015 according to SRatingsIntel. As per Wednesday, January 11, the company rating was initiated by Wells Fargo. The rating was maintained by Citigroup on Friday, March 18 with “Buy”. Bernstein maintained it with “Outperform” rating and $113 target in Friday, March 18 report. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Buy” rating given on Wednesday, September 21 by UBS. The stock has “Overweight” rating by Stephens on Wednesday, August 10. The stock has “Neutral” rating by Goldman Sachs on Wednesday, September 21. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Buy” rating given on Wednesday, September 21 by Canaccord Genuity. On Tuesday, August 11 the stock rating was upgraded by RBC Capital Markets to “Sector Perform”. The company was maintained on Wednesday, September 21 by Morgan Stanley. The company was maintained on Tuesday, August 22 by BMO Capital Markets.

About 441,479 shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since August 24, 2016 and is uptrending. It has outperformed by 25.59% the S&P500.

Investors wait Adobe Systems Incorporated (NASDAQ:ADBE) to report on September, 19. its quarterly earnings Wall Street analysts expect $0.82 earnings per share, up $0.22 or 36.67 % from last year’s $0.6 same quarter earnings. This translates into $404.60 million profit for ADBE giving the stock a 45.61 P/E. This is assuming the current $0.82 EPS is accurate. Adobe Systems Incorporated’s Wall Street analysts see 1.23 % EPS growth, taking into account the $0.81 EPS reproted in the previous quarter,

Adobe Systems Incorporated is a software company. The company has market cap of $73.84 billion. The Firm offers services and products used by professionals, marketers, knowledge workers, application developers, enterprises and clients for creating, managing, delivering, measuring, optimizing and engaging with compelling content and experiences. It has a 52.01 P/E ratio. It operates through three divisions: Digital Media, Digital Marketing, and Print and Publishing.

More notable recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Seekingalpha.com which released: “Adobe: A Unique Blend Of Creativity And Marketing” on August 09, 2017, also Investorplace.com with their article: “3 Big Stock Charts for Monday: Microsoft Corporation (MSFT), Facebook Inc (FB …” published on July 31, 2017, Investorplace.com published: “3 Big Stock Charts for Tuesday: Adobe Systems Incorporated (ADBE), Caterpillar …” on August 22, 2017. More interesting news about Adobe Systems Incorporated (NASDAQ:ADBE) were released by: Reuters.com and their article: “Adobe to pull plug on Flash, ending an era” published on July 25, 2017 as well as Nasdaq.com‘s news article titled: “Adobe Systems (ADBE) Scales a New 52-Week High of $150.65” with publication date: August 16, 2017.

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