Geschke Sells 16000 Shares of Adobe Systems (NASDAQ:ADBE) Stock

05 May, 2018, 01:14 | Author: Becky Perry

Avon Products, Inc. (NYSE:AVP) has declined 33.73% since April 28, 2017 and is downtrending. It has underperformed by 10.43% the S&P500.

Macguire Cheswick & Tuttle Investment Counsel Llc increased its stake in Adobe Systems (ADBE) by 36.86% based on its latest 2017Q4 regulatory filing with the SEC. Apg Asset Management Nv sold 74,942 shares as Adobe Sys Inc (ADBE)'s stock rose 22.17%. The hedge fund run by Greg Taxin held 49,445 shares of the prepackaged software company at the end of 2017Q4, valued at $8.67 million, down from 71,415 at the end of the previous reported quarter. The stock increased 0.20% or $0.26 during the last trading session, reaching $128.27. Marietta Invest Lc holds 1.1% of its portfolio in Microsoft Corporation (NASDAQ:MSFT) for 45,397 shares.

Adobe Systems Incorporated (ADBE) performed of 26.63% in year to date period and weekly performance of -2.51%. The stock outperformed the S&P 500 by 55.16%. It has change of 0.22, from 2017Q3's 1.11. It is negative, as 47 investors sold ADBE shares while 389 reduced holdings. 107 funds acquired positions and 280 increased positions. A total of 9.4 Million shares exchanged at hands and its Average Volume is 16.51 Million. Illinois-based Cibc National Bank Usa has invested 0.03% in Adobe Systems Incorporated (NASDAQ:ADBE). Gamco Incorporated Et Al reported 0.02% stake. Looking at the stock's movement on the chart, Adobe Systems Incorporated recorded a 52-week high of $233.17. Barton Invest reported 0.12% stake. Kentucky Retirement System holds 0.38% or 30,398 shares in its portfolio.

Analysts await Adobe Systems Incorporated (NASDAQ:ADBE) to report earnings on June, 19. Badgley Phelps And Bell invested 0.02% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Envestnet Asset Management Inc. now owns 227,725 shares of the software company's stock worth $39,906,000 after buying an additional 6,195 shares in the last quarter. Associated Banc holds 1.38% or 21,828 shares in its portfolio. Laurel Grove Capital Limited Liability Com stated it has 12,520 shares. Meristem Llp reported 22,083 shares. Northern Trust owns 6.12M shares or 0.27% of their United States portfolio. The company's price to sales ratio for trailing twelve months is 14.56 and price to book ratio for most recent quarter is 12.64, whereas price to cash per share for the most recent quarter is 18.23. Finally, Robert W. Baird reissued a "buy" rating and set a $200.00 target price on shares of Adobe Systems in a research report on Friday, December 15th. Lewnes Ann sold $680,503 worth of stock. (1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell). Credit Suisse maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Wednesday, January 6. It also reduced its holding in Cincinnati Finl Corp (NASDAQ:CINF) by 23,259 shares in the quarter, leaving it with 11,561 shares, and cut its stake in Church & Dwight Inc (NYSE:CHD).

For the current Fiscal Quarter, 28 analysts on average are expecting earnings of $1.54 per share. ADBE's profit will be $615.59M for 43.46 P/E if the $1.25 EPS becomes a reality. Kepos Cap Limited Partnership has 0.38% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 24,272 shs. Therefore 50% are positive. With $270.0 highest and $179.0 lowest target price, Adobe Systems has $239.11 average target price or 7.25% above the current ($222.945) price.

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Here we'll take a quick glance at how the stock price is now trading in relation to some of its simple moving averages. Adobe Systems had 157 analyst reports since August 11, 2015 according to SRatingsIntel. The stock has "Buy" rating by Canaccord Genuity on Thursday, March 31. DZ Bank upgraded the stock to "Buy" rating in Tuesday, March 20 report. Morgan Stanley restated an "equal weight" rating and issued a $137.00 target price on shares of Adobe Systems in a research note on Friday. Finally, Pivotal Research boosted their target price on Adobe Systems from $193.00 to $195.00 and gave the company a "hold" rating in a research note on Tuesday, January 23rd. Moreover, Victory Capital Management has 0.03% invested in Adobe Systems Incorporated (NASDAQ:ADBE). On Friday, March 16 the rating was maintained by KeyBanc Capital Markets with "Overweight". On Friday, January 26 $10.16M worth of stock was sold by THOMPSON MATTHEW.

Investors sentiment decreased to 0.89 in 2017 Q4. Its down 0.06, from 0.83 in 2017Q3. Gangestad Nicholas C had sold 1,681 shares worth $419,846 on Thursday, February 1. F&V Capital Mngmt Ltd reported 122,733 shares or 5.45% of all its holdings. King Luther Mgmt, a Texas-based fund reported 1.42M shs. Cypress Ltd Liability Corp has invested 0.08% in Amazon.com, Inc. Zacks Mngmt accumulated 0.1% or 26,635 shares. Cordasco Financial Net has 82 shares for 0% of their portfolio.

Investors sentiment decreased to 0.89 in Q4 2017. Old Mutual Customised Solutions (Proprietary) reported 4,705 shares stake. Ngam LP has invested 0.57% of its portfolio in Johnson & Johnson (NYSE:JNJ). Optimum Inv Advsrs reported 28,591 shares stake. Hikari Limited has 3.18% invested in 3M Company (NYSE:MMM) for 114,580 shares. Fifth Third Bancorp invested in 5,000 shares. 320 are owned by Blume Cap Management Inc.

Avon Products, Inc. manufactures and markets beauty and related products in Europe, the Middle East, Africa, South Latin America, North Latin America, and the Asia Pacific. Legg Mason Asset Management Japan who had been investing in Johnson & Johnson for a number of months, seems to be less bullish one the $344.10 billion market cap company.

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