Adobe Systems Incorporated (ADBE) EPS Estimated At $1.06

February 15, 2018 - By Louis Casey

 Adobe Systems Incorporated (ADBE) EPS Estimated At $1.06
Investors sentiment increased to 1.11 in Q3 2017. Its up 0.01, from 1.1 in 2017Q2. It is positive, as 42 investors sold Adobe Systems Incorporated shares while 327 reduced holdings. 97 funds opened positions while 312 raised stakes. 414.95 million shares or 0.84% less from 418.45 million shares in 2017Q2 were reported.
Mckinley Carter Wealth Svcs reported 1,421 shares. State Of Tennessee Treasury Department holds 0.29% or 382,858 shares. State Bank Of Stockton holds 0.4% in Adobe Systems Incorporated (NASDAQ:ADBE) or 5,870 shares. National Asset Mgmt holds 0.14% or 5,545 shares in its portfolio. Fiduciary Financial Svcs Of The Southwest Tx reported 2,673 shares. Atalanta Sosnoff Ltd Liability Co reported 334,141 shares. Parkside National Bank & Trust Tru invested in 900 shares or 0.05% of the stock. Jennison Associate Llc, a New York-based fund reported 10.88 million shares. Moreover, Regentatlantic Cap Ltd Company has 0.16% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 12,369 shares. The Kentucky-based Kentucky Retirement Systems has invested 0.34% in Adobe Systems Incorporated (NASDAQ:ADBE). Nicholas Prtn Lp invested 0.17% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Penobscot Invest Management has invested 0.42% in Adobe Systems Incorporated (NASDAQ:ADBE). Westwood Holdg Gru Inc holds 0.01% or 6,289 shares. Personal Cap Advsr holds 0% or 1,399 shares. Moreover, Parus (Uk) Ltd has 2.79% invested in Adobe Systems Incorporated (NASDAQ:ADBE).

Since September 13, 2017, it had 1 buying transaction, and 14 insider sales for $79.49 million activity. Rencher Bradley had sold 18,410 shares worth $3.63M on Wednesday, January 24. 54,488 shares valued at $10.21M were sold by GARRETT MARK on Tuesday, February 6. 165,023 shares were sold by NARAYEN SHANTANU, worth $32.66M on Wednesday, January 24. Another trade for 29,404 shares valued at $5.81 million was made by Morris Donna on Wednesday, January 24. 1,953 shares were sold by Lewnes Ann, worth $304,434 on Wednesday, September 13. The insider DILLON MICHAEL A sold 18,079 shares worth $3.51 million.

Analysts expect Adobe Systems Incorporated (NASDAQ:ADBE) to report $1.06 EPS on March, 15.They anticipate $0.28 EPS change or 35.90 % from last quarter’s $0.78 EPS. ADBE’s profit would be $521.07M giving it 47.74 P/E if the $1.06 EPS is correct. After having $1.05 EPS previously, Adobe Systems Incorporated’s analysts see 0.95 % EPS growth. The stock increased 2.68% or $5.2904 during the last trading session, reaching $202.4204. About 1.40M shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since February 15, 2017 and is uptrending. It has outperformed by 25.59% the S&P500.

Adobe Systems Incorporated (NASDAQ:ADBE) Ratings Coverage

Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 29 have Buy rating, 0 Sell and 9 Hold. Therefore 76% are positive. Adobe Systems had 140 analyst reports since August 11, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, October 19 by Cowen & Co. Jefferies maintained the stock with “Buy” rating in Thursday, October 19 report. Pivotal Research maintained it with “Buy” rating and $125 target in Wednesday, September 21 report. As per Wednesday, October 7, the company rating was maintained by JP Morgan. The firm has “Buy” rating by Stifel Nicolaus given on Friday, November 10. On Thursday, January 12 the stock rating was downgraded by Pivotal Research to “Hold”. UBS maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Wednesday, June 22. UBS has “Buy” rating and $122 target. The firm earned “Outperform” rating on Wednesday, September 21 by RBC Capital Markets. The firm earned “Hold” rating on Monday, September 21 by S&P Research. The firm has “Outperform” rating by RBC Capital Markets given on Friday, October 2.

Adobe Systems Incorporated operates as a diversified software firm worldwide. The company has market cap of $99.51 billion. The Company’s Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content. It has a 59.89 P/E ratio. This segmentÂ’s flagship product is Creative Cloud, a subscription service that allows clients to download and install the latest versions of its creative products.

More important recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Investorplace.com which released: “Why Adobe Systems Incorporated Stock Is Still a Top-Notch Tech Play” on January 24, 2018, also Investorplace.com published article titled: “3 Stocks to Watch on Tuesday: Adobe Systems Incorporated (ADBE), ResMed Inc …”, Seekingalpha.com published: “Adobe Vs. Salesforce: Battle Of The SaaS Giants” on January 28, 2018. More interesting news about Adobe Systems Incorporated (NASDAQ:ADBE) was released by: Businesswire.com and their article: “PSI Services Enters Agreement with Adobe Systems Incorporated to Increase …” with publication date: February 13, 2018.

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