Adobe Systems (ADBE) Upgraded to Buy at ValuEngine

The institutional investor held 50,890 shares of the aerospace company at the end of 2017Q4, valued at $17.72M, down from 52,859 at the end of the previous reported quarter. Newbrook Capital Advisors Lp who had been investing in Adobe Sys Inc for a number of months, seems to be bullish on the $110.92 billion market cap company. The stock decreased 1.51% or $3.48 during the last trading session, reaching $227.62. Now the hedge fund run by Aaron Cowen is holding 2.26 million shares, compared to the 2.52 million from the previous quarter. Adobe Systems reported sales of $1.77 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 21.5%. It has outperformed by 55.16% the S&P500. Alley Company Llc sold 37,481 shares as the company's stock declined 19.10% with the market. 260,182 shares were sold by Suvretta Capital Management Llc as the company's stock rose 22.17% while stock markets declined. Praesidium Investment Management Company Llc who had been investing in National Instrs Corp for a number of months, seems to be bullish on the $6.60 billion market cap company. The stock decreased 1.68% or $1.45 during the last trading session, reaching $85. About 19.81 million shares traded. Neurocrine Biosciences, Inc. (NASDAQ:NBIX) has risen 91.92% since April 21, 2017 and is uptrending. It has underperformed by 13.22% the S&P500.

During 2017 Q4 the big money sentiment decreased to 0.89. The software company reported $1.55 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.44 by $0.11. It is negative, as 65 investors sold BA shares while 614 reduced holdings. 118 funds opened positions while 256 raised stakes. Omega Advisors reported 207,000 shares. Leavell Investment Management Inc reported 0.49% stake. American Tx owns 78,254 shares. 14,207 were reported by Becker Capital. Prudential Financial Inc. now owns 2,167,611 shares of the software company's stock worth $323,364,000 after purchasing an additional 66,815 shares in the last quarter. 373.50 million shares or 9.30% less from 411.79 million shares in 2017Q3 were reported. Hitchwood Capital Management LP invested in 1.97% or 300,000 shares. Cohen Lawrence B invested in 86,545 shares or 2.2% of the stock. The shares were sold at an average price of $224.35, for a total transaction of $3,589,600.00. ADBE's profit will be $615.59M for 45.11 P/E if the $1.25 EPS becomes a reality. Finally, JPMorgan Chase restated a "neutral" rating and set a $235.00 price target (up previously from $210.00) on shares of Adobe Systems in a research report on Friday, March 16th.

Among 16 analysts covering (NASDAQ:WIX), 10 have Buy rating, 0 Sell and 6 Hold. Therefore 72% are positive. Lattice Semiconductor had 16 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was initiated by Stephens on Wednesday, August 10 with "Overweight". The firm earned "Buy" rating on Sunday, October 8 by RBC Capital Markets. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned "Hold" rating by J.P. Morgan on Tuesday, December 12. Jefferies maintained the stock with "Hold" rating in Thursday, September 14 report. On Monday, March 12 the firm has "Buy" rating given by Credit Suisse. In Friday, March 16 report Canaccord Genuity maintained it with "Buy" rating and $245 target. The firm has "Buy" rating by Oppenheimer given on Thursday, February 22. On Wednesday, January 31 Shares for $5.97M were sold by LAMKIN BRYAN.

Mirae Asset Global Investments, which manages about $4.74 billion and $7.47B US Long portfolio, upped its stake in Ishares Inc (EWC) by 287,280 shares to 679,313 shares, valued at $20.14 million in 2017Q4, according to the filing. It also reduced its holding in Gap Inc (NYSE:GPS) by 40,880 shares in the quarter, leaving it with 9,932 shares, and cut its stake in Toll Brothers Inc Com Stk (NYSE:TOL)., Inc. (NASDAQ:AMZN) Analyst Ratings as of April 13, 2018
UBP Investment Advisors SA purchased a new stake in shares of during the 4th quarter valued at approximately $386,000. Segall Bryant & Hamill Ltd Liability Corporation has 86,122 shares. 24,443 are owned by Ingalls & Snyder Limited Liability.

Investors sentiment decreased to 0.79 in Q4 2017. 1 analysts call it Underweight, while 4 think it is Overweight. It turned negative, as 47 investors sold ADBE shares while 389 reduced holdings. Funds hold 410.42 million shares thus 1.09% less from 2017Q3's 414.95 million shares. Louisiana State Employees Retirement Systems holds 0.24% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 29,800 shares. Arrow Fincl Corp holds 0.13% or 3,265 shares.

Adobe Systems Incorporated (ADBE) is an interesting player in the Technology space, with a focus on Application Software. Macquarie Group Ltd invested in 0.03% or 267,184 shares. Citadel Advsrs Ltd Limited Liability Company accumulated 585,170 shares. Symphony Asset Management Ltd Llc holds 10,952 shares or 0.2% of its portfolio.

Adobe Systems Incorporated stock waking on thin line between bulls and bears tracks and with several factors it's pulling towards optimistic side to some extend but some take to pessimistic side. Howe Rusling owns 33,123 shares for 1.06% of their portfolio. Van Hulzen Asset Lc owns 0.06% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 1,200 shares. Congress Asset Management Co Ma has invested 1.17% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Massmutual Trust Fsb Adv, Connecticut-based fund reported 12,385 shares.

Since October 23, 2017, it had 1 buying transaction, and 16 selling transactions for $83.87 million activity. The insider Lewnes Ann sold $680,503. On Wednesday, January 24 the insider Morris Donna sold $5.81 million. Another trade for 3,000 shares valued at $671,316 was sold by WARNOCK JOHN E. GESCHKE CHARLES M sold $3.97M worth of stock. A total of 2.62 Million shares exchanged at hands and its Average Volume is 3.13 Million. Adobe Systems traded down ($2.38) for the day and closed at $225.24Specifically, CFO Mark Garrett sold 54,488 shares of the firm's stock in a transaction dated Tuesday, February 6th. Banse Amy also bought $199,520 worth of Adobe Systems Incorporated (NASDAQ:ADBE) shares. Adobe Systems had 157 analyst reports since August 11, 2015 according to SRatingsIntel. On Tuesday, January 23 the company was maintained by Guggenheim. 36 are the (NASDAQ:ADBE)'s ratings reports on April 21, 2018 according to StockzIntelligence Inc. Deutsche Bank has "Hold" rating and $160.0 target. BidaskClub downgraded shares of Adobe Systems from a "strong-buy" rating to a "buy" rating in a report on Wednesday, December 6th. The firm earned "Overweight" rating on Thursday, March 15 by Barclays Capital.

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