$1.25 EPS Expected for Adobe Systems Incorporated (ADBE)

May 17, 2018 - By Duane Lopez

Adobe Systems Incorporated (NASDAQ:ADBE) LogoInvestors sentiment decreased to 0.89 in 2017 Q4. Its down 0.22, from 1.11 in 2017Q3. It is negative, 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.
Investec Asset Mngmt invested in 1,413 shares or 0% of the stock. Zwj Counsel has 1,693 shares. Cibc Asset Mgmt Inc invested in 82,953 shares or 0.09% of the stock. Hartford Finance Mgmt invested in 0.15% or 1,770 shares. State Treasurer State Of Michigan stated it has 0.72% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). The New York-based Mutual Of America Management Lc has invested 0.16% in Adobe Systems Incorporated (NASDAQ:ADBE). World Asset Mgmt reported 0.26% stake. Cls Lc owns 13,208 shares or 0.08% of their US portfolio. Douglass Winthrop Lc, a New York-based fund reported 1,320 shares. Evercore Wealth Mngmt Limited invested in 1.36% or 209,110 shares. Perigon Wealth Management Ltd Liability owns 275 shares or 0.02% of their US portfolio. Waldron L P invested 0.16% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Cornerstone Capital Hldgs Llc reported 0.18% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Private Asset Mgmt Inc owns 0.04% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 1,450 shares. Jpmorgan Chase & Co holds 0.33% or 8.99 million shares.

Since December 13, 2017, it had 1 insider buy, and 16 insider sales for $87.08 million activity. Banse Amy also bought $199,520 worth of Adobe Systems Incorporated (NASDAQ:ADBE) on Monday, December 18. 30,000 shares valued at $5.97 million were sold by LAMKIN BRYAN on Wednesday, January 31. On Wednesday, December 13 Lewnes Ann sold $338,846 worth of Adobe Systems Incorporated (NASDAQ:ADBE) or 1,953 shares. Another trade for 18,410 shares valued at $3.63 million was made by Rencher Bradley on Wednesday, January 24. GESCHKE CHARLES M had sold 16,000 shares worth $3.59M on Friday, April 20. $1.26M worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by DILLON MICHAEL A on Wednesday, January 31.

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 $615.59M giving it 47.37 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 0.23% or $0.54 during the last trading session, reaching $236.85. About 1.45 million shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 66.71% since May 18, 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 company was maintained on Friday, December 15 by RBC Capital Markets. On Tuesday, December 12 the stock rating was downgraded by J.P. Morgan to “Hold”. KeyBanc Capital Markets maintained the shares of ADBE in report on Friday, March 16 with “Overweight” rating. The rating was maintained by Credit Suisse on Friday, March 16 with “Outperform”. The company was maintained on Thursday, December 14 by Canaccord Genuity. Stifel Nicolaus maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Monday, March 12. Stifel Nicolaus has “Buy” rating and $230 target. The firm has “Overweight” rating by KeyBanc Capital Markets given on Wednesday, November 22. Barclays Capital maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Thursday, March 15 with “Overweight” rating. Bank of America maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Tuesday, March 13. Bank of America has “Buy” rating and $269 target. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Buy” rating by Stephens on Tuesday, January 2.

Adobe Systems Incorporated operates as a diversified software firm worldwide. The company has market cap of $116.64 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 63.18 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: Streetinsider.com which released: “Loeb’s Third Point LLC Enters Adobe (ADBE), EA (EA), Wynn (WYN) (more…) – 13F” on May 15, 2018, also Fool.com with their article: “Should You Buy DocuSign After its Post-IPO Surge?” published on May 17, 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: Nasdaq.com and their article: “Don’t Let Adobe (ADBE) Stock Slip Through Your Fingers” published on May 10, 2018 as well as Gurufocus.com‘s news article titled: “Stanley Druckenmiller’s Top 5 Buys in 1st Quarter” with publication date: May 17, 2018.

Adobe Systems Incorporated (NASDAQ:ADBE) Ratings Chart

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