BMO Capital Reconfirmed Adobe Systems (NASDAQ:ADBE) As a Outperform; They Now Have a PT Of $295

September 15, 2018 - By Margaret Downey

Adobe Systems Incorporated (NASDAQ:ADBE) Logo

Investors sentiment increased to 0.97 in Q2 2018. Its up 0.07, from 0.9 in 2018Q1. It is positive, as 40 investors sold Adobe Systems Incorporated shares while 411 reduced holdings. 119 funds opened positions while 320 raised stakes. 398.19 million shares or 1.84% less from 405.65 million shares in 2018Q1 were reported.

American Natl Tx holds 0.94% or 78,254 shares. Eagle Ridge Investment Mgmt accumulated 2,089 shares or 0.08% of the stock. Dynamic Advisor Solutions Ltd Liability has 6,388 shares. Shelton has invested 0.7% in Adobe Systems Incorporated (NASDAQ:ADBE). Franklin holds 1.94 million shares or 0.24% of its portfolio. Natixis Lp has 0.22% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Advsrs Limited Lc, a Ohio-based fund reported 710 shares. Investment Svcs Of America Inc has 3.22% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 84,108 shares. Northwestern Mutual Wealth Communications reported 20,379 shares. State Of Wisconsin Board owns 572,877 shares or 0.4% of their US portfolio. Dana Invest Advsr holds 0.33% or 30,508 shares. 200 were reported by Ckw Fincl Grp. Moreover, Principal Grp Inc has 0.21% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 934,442 shares. First Mercantile Trust owns 0.31% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 6,293 shares. Castleark Mgmt Ltd holds 0.66% or 87,849 shares.

Since March 19, 2018, it had 0 insider buys, and 12 selling transactions for $19.77 million activity. Parasnis Abhay sold 10,500 shares worth $2.73 million. GESCHKE CHARLES M sold $1.53M worth of Adobe Systems Incorporated (NASDAQ:ADBE) on Monday, June 18. 14,000 shares were sold by WARNOCK JOHN E, worth $3.03M on Thursday, March 29. $3.94 million worth of stock was sold by Rencher Bradley on Wednesday, July 25.

Adobe Systems (NASDAQ:ADBE) Rating Reaffirmed

In analysts report sent to investors on Friday, 14 September, The Outperform rating of Adobe Systems (NASDAQ:ADBE) shares was maintained by Analysts at BMO Capital, who now has a $295 target on the stock. BMO Capital’s target gives a possible upside of 7.39 % from the last close price of the company.

Adobe Systems Incorporated (NASDAQ:ADBE) Ratings Coverage

Among 17 analysts covering Adobe Systems (NASDAQ:ADBE), 12 have Buy rating, 0 Sell and 5 Hold. Therefore 71% are positive. Adobe Systems has $280 highest and $235 lowest target. $261.13’s average target is -4.94% below currents $274.69 stock price. Adobe Systems had 23 analyst reports since March 15, 2018 according to SRatingsIntel. Robert W. Baird maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Tuesday, May 22. Robert W. Baird has “Buy” rating and $26000 target. The rating was maintained by Guggenheim on Friday, March 16 with “Buy”. The firm has “Buy” rating given on Friday, June 15 by Stifel Nicolaus. The firm has “Overweight” rating by Barclays Capital given on Tuesday, June 12. The firm has “Buy” rating by Canaccord Genuity given on Friday, March 16. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Outperform” rating by BMO Capital Markets on Friday, March 16. Canaccord Genuity maintained the shares of ADBE in report on Friday, June 15 with “Buy” rating. The stock has “Buy” rating by Cowen & Co on Friday, March 16. On Monday, March 26 the stock rating was downgraded by JMP Securities to “Hold”. As per Friday, June 15, the company rating was maintained by BMO Capital Markets.

The stock increased 2.30% or $6.17 during the last trading session, reaching $274.69. About 6.18 million shares traded or 116.88% up from the average. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 71.32% since September 15, 2017 and is uptrending. It has outperformed by 55.70% the S&P500.

Analysts await Adobe Systems Incorporated (NASDAQ:ADBE) to report earnings on September, 18. They expect $1.39 EPS, up 54.44 % or $0.49 from last year’s $0.9 per share. ADBE’s profit will be $680.63 million for 49.40 P/E if the $1.39 EPS becomes a reality. After $1.38 actual EPS reported by Adobe Systems Incorporated for the previous quarter, Wall Street now forecasts 0.72 % EPS growth.

Adobe Systems Incorporated operates as a diversified software firm worldwide. The company has market cap of $134.51 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 63.31 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 notable recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Fool.com which released: “What Happened in the Stock Market Today” on September 14, 2018, also Seekingalpha.com with their article: “Adobe Has Been Impressive In Recent Years, But The Pattern Suggests Waiting A Week After Earnings Before Going …” published on September 13, 2018, Seekingalpha.com published: “Adobe: A True Star Ahead Of Earnings” on September 13, 2018. More interesting news about Adobe Systems Incorporated (NASDAQ:ADBE) were released by: Seekingalpha.com and their article: “Adobe: Buy The Dip (Always)” published on August 23, 2018 as well as Seekingalpha.com‘s news article titled: “Adobe: The Best In This Space” with publication date: August 29, 2018.

Adobe Systems Incorporated (NASDAQ:ADBE) Ratings Chart

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