ADBE Revenue data by YCharts
Riverpark Cap Limited Liability Company reported 167,352 shares.
Analysts were expecting earnings of $1.51 per share and revenue of $2.14 billion.
On 12/28/2017 Robert K Burgess, Director, sold 25,000 with an average share price of $175.39 per share and the total transaction amounting to $4,384,750.00. It is up 94.03% since March 16, 2017 and is uptrending. It has underperformed by 16.70% the S&P500.
Pointstate Capital Lp decreased Adobe Sys Inc (ADBE) stake by 36.64% reported in 2017Q3 SEC filing. The fund owned 26,372 shares of the software company's stock after buying an additional 3,569 shares during the quarter. Financial Architects Inc who had been investing in Adobe Sys Inc for a number of months, seems to be less bullish one the $111.45B market cap company. The stock increased 3.13% or $6.84 during the last trading session, reaching $225.71. About 4.21M shares traded or 60.01% up from the average.
Adobe Systems posted record revenue for its first quarter of fiscal 2018 along with a surge in profits, and offered Wall Street a rosy outlook, a strong financial performance that caused the tech company's shares to rocket higher Thursday afternoon. It has outperformed by 0.35% the S&P500. Also, EVP Michael A. Dillon sold 18,079 shares of the business's stock in a transaction dated Monday, February 5th. It also increased its holding in Ishares Tr (IJR) by 6,415 shares in the quarter, for a total of 154,627 shares, and has risen its stake in Costco Whsl Corp New (NASDAQ:COST).
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Since October 11, 2017, it had 1 insider purchase, and 13 insider sales for $79.18 million activity. WARNOCK JOHN E sold $1.18 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) on Friday, October 20. Insiders have sold 349,246 shares of company stock valued at $66,987,577 in the last 90 days. Banse Amy had bought 1,125 shares worth $199,520. Finally, BidaskClub upgraded Adobe Systems from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, January 9th. Therefore 76% are positive.
A number of research analysts have commented on ADBE shares. RBC Capital Markets maintained the shares of ADBE in report on Friday, December 11 with "Outperform" rating. $3.63 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by Rencher Bradley on Wednesday, January 24. Janney Capital has "Buy" rating and $36 target. The stock has "Buy" rating by Wunderlich on Wednesday, June 21. Secretary Garrett Mark has sold 54,488 shares of Adobe Systems Incorporated (ADBE) in trading session dated February 06, 2018. Cowen reissued a "buy" rating and set a $200.00 price objective on shares of Adobe Systems in a report on Monday, December 11th.
Investors sentiment increased to 1.11 in 2017 Q3. Its up 0.01, from 1.1 in 2017Q2. It worsened, as 42 investors sold ADBE shares while 327 reduced holdings. 97 funds opened positions while 312 raised stakes. They expect $-0.26 EPS, up 18.75% or $0.06 from last year's $-0.32 per share. Iberiabank Corp raised its stake in shares of Adobe Systems by 2.1% during the fourth quarter. Ithaka Grp Lc has invested 4.54% in Adobe Systems Incorporated (NASDAQ:ADBE). Commonwealth Equity accumulated 0.04% or 43,181 shares. Whittier Company Of Nevada Inc invested in 0.08% or 5,555 shares.
Adobe, known for its image-editing software Photoshop, rose 3.5 percent to $226.5 in after-hours trading on Thursday. Newbrook Cap Advisors Ltd Partnership reported 269,383 shares or 2.91% of all its holdings. First Quadrant Lp Ca holds 7,200 shares. Community Bank N.A. acquired a new position in shares of Adobe Systems during the fourth quarter worth $122,000. Chevy Chase Tru Holdg Inc stated it has 0.3% in Adobe Systems Incorporated (NASDAQ:ADBE). In analysts note issued to clients and investors on 16 March, JP Morgan Cazenove restate their "Overweight" rating on shares of VM. Highland Capital Mngmt Lc owns 4,761 shares or 0.06% of their U.S. portfolio.
Revenue from Adobe's digital media business that includes Creative Cloud jumped about 28 percent to $1.46 billion, ahead of analysts' average estimate of $1.43 billion, according to Thomson Reuters I/B/E/S. 414.95 million shares or 0.84% less from 418.45 million shares in 2017Q2 were reported. Invesco has invested 0.03% in QEP Resources, Inc. The Michigan-based Azimuth Capital Management Llc has invested 0% in the stock. (NYSE:QEP). Raymond James Fin Service Advsrs stated it has 0.01% in QEP Resources, Inc. Ls Inv Advsrs reported 15,293 shares stake.
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