$1.25 EPS Expected for Adobe Systems Incorporated (ADBE)

May 16, 2018 - By Jeanette Kaplan

Adobe Systems Incorporated (NASDAQ:ADBE) LogoInvestors sentiment decreased to 0.89 in 2017 Q4. Its down 0.22, from 1.11 in 2017Q3. It fall, as 47 investors sold Adobe Systems Incorporated shares while 389 reduced holdings. 107 funds opened positions while 280 raised stakes. 410.42 million shares or 1.09% less from 414.95 million shares in 2017Q3 were reported.
Congress Asset Ma holds 1.17% or 457,528 shares in its portfolio. Moreover, Rampart Invest Management Limited Com has 0.45% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Stonebridge Llc holds 5,495 shares. Gateway Investment Advisers Ltd Limited Liability Company invested in 0.51% or 343,288 shares. Architects holds 3,091 shares. 502,016 were accumulated by Great West Life Assurance Communications Can. Tiverton Asset Mgmt Llc holds 1.12% or 102,104 shares. Court Place Ltd Liability Corp reported 2,576 shares. Meyer Handelman Com invested 0.02% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Kemnay Advisory Inc holds 4.13% or 52,613 shares. Oxbow Limited Liability Com reported 1,703 shares. Seaward Mngmt Partnership invested 0.1% in Adobe Systems Incorporated (NASDAQ:ADBE). Ameriprise Financial holds 0.53% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 6.57M shares. Weiss Multi holds 0.04% in Adobe Systems Incorporated (NASDAQ:ADBE) or 10,000 shares. Virginia-based Palladium Partners Ltd Llc has invested 0.65% in Adobe Systems Incorporated (NASDAQ:ADBE).

Since December 13, 2017, it had 1 buy, and 16 selling transactions for $87.08 million activity. 54,488 shares were sold by GARRETT MARK, worth $10.21M on Tuesday, February 6. $199,520 worth of stock was bought by Banse Amy on Monday, December 18. Shares for $10.16 million were sold by THOMPSON MATTHEW on Friday, January 26. DILLON MICHAEL A sold $3.51M worth of stock or 18,079 shares. $3.63 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by Rencher Bradley. Shares for $1.12M were sold by WARNOCK JOHN E on Monday, March 19.

Analysts expect Adobe Systems Incorporated (NASDAQ:ADBE) to report $1.25 EPS on June, 19.They anticipate $0.44 EPS change or 54.32 % from last quarter’s $0.81 EPS. ADBE’s profit would be $615.59 million giving it 47.32 P/E if the $1.25 EPS is correct. After having $1.28 EPS previously, Adobe Systems Incorporated’s analysts see -2.34 % EPS growth. The stock decreased 0.74% or $1.77 during the last trading session, reaching $236.6. About 1.89M shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 66.71% since May 16, 2017 and is uptrending. It has outperformed by 55.16% the S&P500.

Adobe Systems Incorporated (NASDAQ:ADBE) Ratings Coverage

Among 20 analysts covering Adobe Systems (NASDAQ:ADBE), 16 have Buy rating, 0 Sell and 4 Hold. Therefore 80% are positive. Adobe Systems had 33 analyst reports since November 22, 2017 according to SRatingsIntel. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Buy” rating by Cowen & Co on Friday, March 16. The firm earned “Neutral” rating on Friday, March 16 by JP Morgan. The company was maintained on Friday, March 16 by Guggenheim. The firm has “Buy” rating by Canaccord Genuity given on Thursday, December 14. The rating was maintained by Cowen & Co with “Buy” on Monday, December 11. JMP Securities downgraded the stock to “Hold” rating in Monday, March 26 report. Credit Suisse maintained it with “Buy” rating and $225.0 target in Monday, March 12 report. Guggenheim maintained it with “Buy” rating and $212.0 target in Wednesday, January 10 report. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Outperform” rating given on Friday, March 16 by Credit Suisse. Robert W. Baird maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Friday, December 15. Robert W. Baird has “Buy” rating and $200.0 target.

Adobe Systems Incorporated operates as a diversified software firm worldwide. The company has market cap of $116.52 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 63.11 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: Seekingalpha.com which released: “Adobe: A Well-Oiled Machine” on April 16, 2018, also Nasdaq.com with their article: “Don’t Let Adobe (ADBE) Stock Slip Through Your Fingers” published on May 10, 2018, Seekingalpha.com published: “DocuSign raises IPO price range” on April 25, 2018. More interesting news about Adobe Systems Incorporated (NASDAQ:ADBE) were released by: Streetinsider.com and their article: “JANA Shows New Stakes in Apple (AAPL), Boston Scientific (BSX), Dropbox (DBX), iQIYI (IQ) (more..) -13F” published on May 15, 2018 as well as Streetinsider.com‘s news article titled: “Lone Pine’s 13F Shows New Stake in Dollar Tree (DLTR), Square (SQ), T-Mobile (TMUS) (more…)” with publication date: May 15, 2018.

Adobe Systems Incorporated (NASDAQ:ADBE) Ratings Chart

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