EPS for Adobe Systems Incorporated (ADBE) forecasted at $1.25

May 17, 2018 - By Mark Babin

Adobe Systems Incorporated (NASDAQ:ADBE) Corporate Logo
Big Money Sentiment decreased to 0.89 in 2017 Q4. It has change of 0.22, from 2017Q3’s 1.11. The ratio dropped due to Adobe Systems Incorporated positioning: 47 sold and 389 reduced. 107 funds acquired stakes and 280 increased stakes. Investors holded 414.95 million in 2017Q3 but now own 410.42 million shares or 1.09% less.
Quantbot Technologies L P invested in 3,788 shs. Weiss Multi holds 0.04% or 10,000 shs. Tortoise Inv Limited accumulated 150 shs. Axa holds 510,969 shs. Yorktown Mgmt And Incorporated reported 2,000 shs. 43,186 were accumulated by Montag A And Assoc Inc. Caprock Grp has 2,471 shs. Connor Clark And Lunn Investment Management Ltd invested 0.24% of its capital in Adobe Systems Incorporated (NASDAQ:ADBE). Colorado-based Icon Advisers Inc has invested 1.26% in Adobe Systems Incorporated (NASDAQ:ADBE). New York-based Alliancebernstein Ltd Partnership has invested 0.48% in Adobe Systems Incorporated (NASDAQ:ADBE). Meridian Counsel reported 0.74% of its capital in Adobe Systems Incorporated (NASDAQ:ADBE). Kcm Advsr Limited Liability Corporation accumulated 0.08% or 7,698 shs. Allen Limited Liability Company owns 0.05% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 6,462 shs. Wealthfront holds 0.03% or 13,261 shs in its capital. Vontobel Asset Incorporated holds 0.23% or 185,680 shs.

Adobe Systems Incorporated had 16 selling transactions and 1 buy since December 13, 2017. This’s net activity of $87.08 million. On Wednesday, January 24 Shares for $5.81 million were sold by Morris Donna. On Thursday, March 22 $658,148 worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by Lewnes Ann. On Thursday, March 29 14,000 shs were sold by WARNOCK JOHN E, worth $3.03M. On Tuesday, February 6 $10.21 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by GARRETT MARK. Shares for $3.59M were sold by GESCHKE CHARLES M on Friday, April 20. DILLON MICHAEL A had sold 6,376 shs worth $1.26 million.

On June, 19 is anticipated Adobe Systems Incorporated (NASDAQ:ADBE)’s earnings report, according to RTT. Last year’s EPS was $0.81, while now analysts expect change of 54.32 % up from current $1.25 EPS. If reported the P/E will be 47.48 with $615.59 million profit. After $1.28 EPS report previous quarter, Wall Street now sees -2.34 % negative EPS growth of Adobe Systems Incorporated. ADBE is hitting $237.39 during the last trading session, after increased 0.33%.Adobe Systems Incorporated has volume of 1.66M shares. Since May 17, 2017 ADBE has risen 66.71% and is uptrending. ADBE outperformed the S&P 500 by 55.16%.

Adobe Systems Incorporated (NASDAQ:ADBE) Ratings Coverage

In total 20 analysts cover Adobe Systems (NASDAQ:ADBE). “Buy” rating has 16, “Sell” are 0, while 4 are “Hold”. (NASDAQ:ADBE) has 80% bullish analysts. 33 are the (NASDAQ:ADBE)’s ratings reports on May 17, 2018 according to StockzIntelligence Inc. On Friday, March 16 the stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Outperform” rating by Credit Suisse. On Thursday, March 15 the rating was maintained by Robert W. Baird with “Buy”. On Wednesday, December 13 the firm earned “Buy” rating by Bank of America. In Monday, March 26 report JMP Securities downgraded the stock to “Hold” rating. On Tuesday, December 12 the company was downgraded by J.P. Morgan. On Friday, March 16 the stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Buy” rating by Cowen & Co. In Thursday, December 14 report Canaccord Genuity maintained it with “Buy” rating and $195.0 target. On Friday, March 16 the firm has “Overweight” rating by KeyBanc Capital Markets given. On Wednesday, January 24 the rating was maintained by Jefferies with “Buy”. The stock rating was maintained by Piper Jaffray with “Buy” on Friday, December 15.

Adobe Systems Incorporated operates as a diversified software firm worldwide.The firm is worth $116.91 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.63.32 is the 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.

For more Adobe Systems Incorporated (NASDAQ:ADBE) news posted recently go to: Nasdaq.com, Investorplace.com, Seekingalpha.com, Benzinga.com or Streetinsider.com. The titles are as follows: “Don’t Let Adobe (ADBE) Stock Slip Through Your Fingers” posted on May 10, 2018, “25 Unstoppable Stocks to Buy No Matter What” on May 16, 2018, “DocuSign raises IPO price range” with a publish date: April 25, 2018, “Q1 13F Roundup: How Buffett, Einhorn, Ackman And Others Adjusted Their Portfolio” and the last “Loeb’s Third Point LLC Enters Adobe (ADBE), EA (EA), Wynn (WYN) (more…) – 13F” with publication date: May 15, 2018.

Adobe Systems Incorporated (NASDAQ:ADBE) Analyst Ratings Chart

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