What's Propelling Adobe Systems Incorporated (ADBE) to Reach 52-Week High?

Joel Greenblatt increased its stake in Adobe Sys Inc (ADBE) by 5.33% based on its latest 2017Q3 regulatory filing with the SEC. Accern also gave news articles about the software company an impact score of 44.5071578366755 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near term. They expect $1.22 EPS, up 56.41% or $0.44 from last year's $0.78 per share. Silvercrest Asset Management Group Llc bought 253,912 shares as the company's stock declined 11.04% while stock markets rallied. The shares were sold at an average price of $197.89, for a total transaction of $32,656,401.47. Adobe Systems has a 12-month low of $120.62 and a 12-month high of $223.11. It has outperformed by 25.59% the S&P500.

Investors sentiment increased to 1.11 in 2017 Q3. Its down 0.03, from 0.99 in 2017Q2. It dived, as 22 investors sold DIN shares while 34 reduced holdings. 48 funds opened positions while 156 raised stakes. Fort LP reported 72,252 shares stake. Dupont Capital Management Corp reported 0.16% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Bluecrest Capital Mgmt Limited holds 3,677 shares or 0.02% of its portfolio. Millennium Mngmt Ltd Llc invested 0% of its portfolio in Regulus Therapeutics Inc. Ls Investment Advisors Ltd Llc invested in 2,970 shares. Intll Grp has invested 0% in New Media Investment Group Inc. (NYSE:DAR). Teachers Retirement Sys Of The State Of Kentucky reported 54,900 shares stake. Partners Oh Adv holds 0.13% in Huntington Bancshares Incorporated (NASDAQ:HBAN) or 10,867 shares.

Conatus Capital Management Lp decreased Adobe Sys Inc (ADBE) stake by 91.56% reported in 2017Q3 SEC filing. Stralem & stated it has 147,860 shares. Bb&T Lc owns 18,252 shares. Stonebridge Advsr reported 5,355 shares or 0.2% of all its holdings. Prudential Financial Inc invested 0% in Harmonic Inc. Livforsakringsbolaget Skandia Omsesidigt owns 9,507 shares for 0.13% of their portfolio. Asset holds 0.3% or 118,710 shares. BidaskClub cut shares of Adobe Systems from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, December 6th. Us Comml Bank De invested in 0% or 675 shares. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has "Buy" rating given on Tuesday, June 20 by BMO Capital Markets. Therefore 50% are positive. The stock of Darling Ingredients Inc. Credit Suisse has "Outperform" rating and $150 target. Northland Capital maintained it with "Buy" rating and $6.0 target in Monday, October 16 report. The firm has "Buy" rating given on Tuesday, September 26 by KeyBanc Capital Markets. The stock has "Hold" rating by S&P Research on Monday, September 21. Also, Director Amy Banse acquired 1,125 shares of the stock in a transaction dated Monday, December 18th. The firm earned "Outperform" rating on Wednesday, January 27 by Robert W. Baird. RBC Capital Markets maintained Lowe's Companies, Inc. (NASDAQ:HLIT) earned "Hold" rating by Drexel Hamilton on Friday, July 24.

Gates Capital Management Inc, which manages about $3.48B and $3.53B US Long portfolio, upped its stake in Gcp Applied Technologies Inc by 261,728 shares to 4.59 million shares, valued at $140.96M in 2017Q3, according to the filing.

Investors sentiment decreased to 0.89 in Q3 2017. Its up 0.01, from 1.1 in 2017Q2.

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Traders sold shares of Adobe Systems Incorporated (NASDAQ:ADBE) on strength during trading on Friday. 21 funds opened positions while 55 raised stakes. Cowen reissued a "buy" rating and set a $200.00 price target on shares of Adobe Systems in a research report on Monday, December 11th. The institutional investor held 606,798 shares of the prepackaged software company at the end of 2017Q3, valued at $19.91M, down from 644,390 at the end of the previous reported quarter. Firsthand Capital Management Incorporated holds 15,000 shares or 1.99% of its portfolio. Sit Investment Assoc Inc has invested 0.22% in Adobe Systems Incorporated (NASDAQ:ADBE). Moreover, California Pub Employees Retirement has 0.26% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Creative Planning holds 0% or 41,000 shares.

Adobe Systems (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, December 14th. Gotham Asset Mgmt Limited Liability Corporation invested in 0.18% or 80,408 shares. Raymond James Trust Na holds 0.07% or 6,337 shares. Greystone Managed Incorporated has 46,822 shares for 0.31% of their portfolio. Parametric Port Associates Ltd Liability Com stated it has 0% in Dine Brands Global, Inc. 50,815 are owned by Chemung Canal Tru. Kalra Sanjay had sold 2,360 shares worth $7,207. Wetherby Asset Mngmt reported 12,957 shares. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of Adobe Systems by 12.1% in the 3rd quarter.

Since September 13, 2017, it had 1 insider purchase, and 14 insider sales for $79.49 million activity. 1,953 shares valued at $297,032 were sold by Lewnes Ann on Wednesday, October 11. 18,410 shares valued at $3.63 million were sold by Rencher Bradley on Wednesday, January 24. ADBE's profit will be $601.86M for 45.31 P/E if the $1.22 EPS becomes a reality. The company's revenue was up 24.8% on a year-over-year basis. equities research analysts anticipate that Adobe Systems Incorporated will post 5.12 earnings per share for the current year. LAMKIN BRYAN sold 30,000 shares worth $5.97M. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2018/03/12/scotia-capital-inc-acquires-new-stake-in-adobe-systems-incorporated-adbe.html. Therefore 76% are positive. Adobe Systems had 142 analyst reports since August 11, 2015 according to SRatingsIntel. Eight analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Credit Suisse maintained the stock with "Neutral" rating in Friday, March 18 report. (NASDAQ:RGLS) has "Hold" rating given on Tuesday, October 3 by Needham. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned "Positive" rating by Susquehanna on Wednesday, October 7. UBS has "Buy" rating and $122 target. The firm has "Perform" rating given on Wednesday, September 2 by Oppenheimer. The rating was maintained by Robert W. Baird on Tuesday, January 2 with "Hold". The rating was maintained by Stifel Nicolaus with "Buy" on Thursday, October 19. Wunderlich maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Thursday, November 3 with "Hold" rating. On Thursday, February 1 the stock rating was maintained by Barclays Capital with "Overweight".

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