Big Money’s Pro-Adobe Systems Inc (NASDAQ:ADBE) Sentiment In Q1 2018, now at 0.9

June 27, 2018 - By Anthony Rauscher

Adobe Systems Incorporated (NASDAQ:ADBE) Corporate Logo

Adobe Systems Inc’s Sentiment

In 2018 Q1 Adobe Systems Inc (NASDAQ:ADBE) big money sentiment increased to 0.9, according to SEC filings. That’s up 0.01, from 2017Q4’s 0.89. 407 hedge funds increased and opened new stock positions, while 453 cut down and sold their stock positions in Adobe Systems Inc so the sentiment is better. These funds own 405.65 million shares, that’s down from 410.42 million shares in 2017Q4. Funds holding Adobe Systems Inc in top 10 changed to 72 from 51 for an increase of 21. 35 Investors Sold All; 418 Reduced Holdings; 271 increased holdings while 136 hedge funds bought holdings.

Biggest Adobe Systems Inc Shareholders

Family Capital Trust Co owns 422,892 shares in Adobe Systems Inc as of 2018 Q1. As of 2018 Q1, 6.46 million shares of Adobe Systems Inc are owned by Polen Capital Management Llc. Moreover, Suvretta Capital Management Llc reported 1.70 million shares in Adobe Systems Inc equivalent to 9.27% of its stock exposure. The New York-based fund Crestwood Capital Management L.P. have invested about 7.5% of the active investment manager’s stock portfolio in Adobe Systems Inc. The United Kingdom-based fund Trinity Street Asset Management Llp looks positive on Adobe Systems Inc, owning 170,206 shares.

Adobe Systems Incorporated operates as a diversified software firm worldwide.The firm is valued at $119.12 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.The P/E ratio is 55.75. 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.

ADBE is hitting $241.88 during the last trading session, after decreased 0.15%.Currently Adobe Systems Incorporated is uptrending after 70.50% change in last June 27, 2017. ADBE has also 1.04 million shares volume. ADBE outperformed by 57.93% the S&P500.

Old Mutual Customised Solutions (Proprietary) Ltd stated it has 0.14% in Adobe Systems Incorporated (NASDAQ:ADBE). Voya Mngmt Llc holds 1.52M shs or 0.7% of its capital. Mitsubishi Ufj Securities Holding stated it has 0.84% in Adobe Systems Incorporated (NASDAQ:ADBE). Alphaone Svcs Limited Liability has invested 0.11% in Adobe Systems Incorporated (NASDAQ:ADBE). State Of Wisconsin Inv Board reported 0.37% of its capital in Adobe Systems Incorporated (NASDAQ:ADBE). Ssi Inv invested 0.02% in Adobe Systems Incorporated (NASDAQ:ADBE). Gabelli Funds Limited Liability Co has 0.15% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Smithfield Tru accumulated 727 shs. Carnegie Asset Management Ltd Liability owns 1,178 shs. Davis R M Inc accumulated 1,801 shs or 0.02% of the stock. 3,150 are held by Tributary Mgmt Ltd Liability. Blue Chip Prtn has invested 0.08% in Adobe Systems Incorporated (NASDAQ:ADBE). National Registered Investment Advisor has 7,157 shs. Schwab Charles Mgmt holds 1.74M shs. Wesbanco National Bank & Trust holds 29,290 shs.

Adobe Systems Incorporated had 18 insider sales and 0 buys since January 10, 2018. This’s net activity of $89.91 million. $3.63 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) shs were sold by Rencher Bradley. WARNOCK JOHN E also sold $1.12M worth of Adobe Systems Incorporated (NASDAQ:ADBE) shs. NARAYEN SHANTANU had sold 165,023 shs worth $32.66 million on Wednesday, January 24. 18,079 Adobe Systems Incorporated (NASDAQ:ADBE) shs with value of $3.51 million were sold by DILLON MICHAEL A. Shares for $10.16M were sold by THOMPSON MATTHEW. Shares for $10.21M were sold by GARRETT MARK on Tuesday, February 6.

Adobe Systems Incorporated (NASDAQ:ADBE) Ratings Coverage

Total analysts of 20 have positions in Adobe (NASDAQ:ADBE) as follows: 16 rated it a “Buy”, 0 with “Sell” and 4 with “Hold”. The positive are 80%. The firm has $280 highest while $210.0 is the lowest target. The average target $256.33 is 5.97% above the last ($241.88) price. Since January 2, 2018 according to StockzIntelligence Inc Adobe has 32 analyst reports. On Friday, March 16 Morgan Stanley maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating. Morgan Stanley has “Equal-Weight” rating and $235 target. The stock rating was maintained by RBC Capital Markets with “Buy” on Thursday, March 15. On Tuesday, January 2 the company was maintained by Stephens. On Friday, June 15 the stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Outperform” rating given by BMO Capital Markets. On Friday, March 16 Credit Suisse maintained the shares of ADBE in report with “Outperform” rating. On Thursday, March 15 the rating was maintained by Robert W. Baird with “Buy”. On Wednesday, January 10 Guggenheim maintained the shares of ADBE in report with “Buy” rating. The stock rating was maintained by Cowen & Co with “Buy” on Friday, March 16. On Friday, June 15 the stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Buy” rating by Stifel Nicolaus. On Tuesday, May 22 the rating was maintained by Robert W. Baird with “Buy”.

For more Adobe Systems Incorporated (NASDAQ:ADBE) news published briefly go to: Seekingalpha.com, Fool.com, Seekingalpha.com, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “Adobe Systems: Financial Headwinds Ahead” published on June 18, 2018, “Why Adobe Systems Stock Jumped 12.5% in May” on June 11, 2018, “Adobe: High Volatility Come Earnings Time” with a publish date: June 14, 2018, “Will Adobe Pop After Earnings?” and the last “Adobe: Buying Ahead Of Earnings” with publication date: June 07, 2018.

Adobe Systems Incorporated (NASDAQ:ADBE) Analyst Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.