BidaskClub Upgrades Adobe Systems (ADBE) to "Strong-Buy"

Principal Financial Group Inc. now owns 744,246 shares of the software company's stock valued at $80,780,000 after buying an additional 40,224 shares during the last quarter. Apple Inc now has $900.87 billion valuation.

The stock decreased 0.87% or $0.27 during the last trading session, reaching $30.69. About 500 shares traded or 78.57% up from the average. Pinnacle Foods Inc. (NYSE:PF) has risen 41.67% since January 14, 2017 and is uptrending. It has outperformed by 45.78% the S&P500. Adobe Systems Inc now has $96.15 billion valuation.

The stock increased 1.36% or $0.9 during the last trading session, reaching $67.3. The shares were sold at an average price of $175.39, for a total value of $4,384,750.00.

Adobe Systems Incorporated (NASDAQ:ADBE) Director Amy Banse purchased 1,125 shares of the company's stock in a transaction on Monday, December 18th. It has outperformed by 25.59% the S&P500. (NASDAQ:AAPL) on Tuesday, August 15. Ao Asset Management Llc sold 21,200 shares as the company's stock rose 14.01% with the market. Another trade for 2,190 shares valued at $379,784 was made by THOMPSON MATTHEW on Monday, October 23. Riccio Daniel J. also sold $2.42M worth of Apple Inc. $9.98M worth of stock was sold by FEDERIGHI CRAIG on Monday, August 7. (NYSE:PF) to report earnings on February, 22. They expect $1.06 EPS, up 35.90% or $0.28 from last year's $0.78 per share. WARNOCK JOHN E also sold $1.18 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) shares. After $2.07 actual earnings per share reported by Apple Inc. for the previous quarter, Wall Street now forecasts 81.16% EPS growth.

Ratings analysis reveals 76% of Adobe Systems's analysts are positive. Adobe Systems Incorporated has a 1-year low of $107.06 and a 1-year high of $195.50. The company now has a consensus rating of "Buy" and an average target price of $187.06. Adobe Systems had 135 analyst reports since August 11, 2015 according to SRatingsIntel. Cowen & Co maintained the shares of ADBE in report on Wednesday, September 20 with "Buy" rating. The firm has "Sector Perform" rating given on Friday, January 29 by RBC Capital Markets. Guggenheim has "Buy" rating and $215.0 target. Finally, Barclays restated a buy rating and issued a $167.00 target price on shares of Adobe Systems in a research report on Friday, September 15th. Canaccord Genuity restated a buy rating and issued a $170.00 target price (up previously from $165.00) on shares of Adobe Systems in a research report on Wednesday, September 20th. The fund owned 90,923 shares of the software company's stock after selling 2,916 shares during the quarter. The firm earned "Hold" rating on Thursday, June 1 by RBC Capital Markets. The stock has "Buy" rating by Stifel Nicolaus on Wednesday, April 12. Piper Jaffray maintained the stock with "Buy" rating in Monday, October 16 report. The firm has "Buy" rating by Deutsche Bank given on Wednesday, October 7. Pacific Crest maintained Apple Inc.

Ao Asset Management Llc, which manages about $35.00 million and $473.77M US Long portfolio, upped its stake in Logmein Inc (NASDAQ:LOGM) by 23,000 shares to 317,800 shares, valued at $34.97M in 2017Q3, according to the filing. Employees Retirement Systems Of Texas owns 152,300 shares. Praxair Inc (NYSE:PX) was raised too.

Investors sentiment decreased to 0.76 in Q3 2017. Its down 0.29, from 1.11 in 2017Q2.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock.

Adobe Systems Incorporated is a software company. (NASDAQ:AAPL) for 3.64 million shares. The shares were sold at an average price of $174.20, for a total transaction of $1,184,560.00. Los Angeles Cap And Equity Research Inc reported 46,344 shares. Raffles Associates Lp has invested 1.39% in Wayne Savings Bancshares, Inc. Train Babcock Limited Liability Corp has invested 2.12% of its portfolio in Pinnacle Foods Inc. South State reported 25,293 shares. The New York-based Fic Capital Inc has invested 7.36% in the stock. Cetera Advisor Ltd Liability Corporation stated it has 4,473 shares or 0.03% of all its holdings. (NASDAQ:DLTR). Jane Street Grp Ltd Co invested in 14,727 shares. Spectrum Asset Mgmt (Nb Ca) holds 3,365 shares or 0.43% of its portfolio. Old Mutual Global Investors (Uk) owns 1.19M shares.

Investors sentiment increased to 1.11 in Q3 2017. The software company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.10. It improved, as 42 investors sold ADBE shares while 327 reduced holdings. 97 funds opened positions while 312 raised stakes. The active investment managers in our partner's database now hold: 414.95 million shares, down from 418.45 million shares in 2017Q2. Adirondack invested in 330 shares. WAYN's SI was 1,800 shares in January as released by FINRA.

Adobe Systems (NASDAQ:ADBE) last announced its earnings results on Thursday, December 14th. Shelton Capital Mngmt, a California-based fund reported 42,004 shares. Jefferies maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Friday, September 18. Meiji Yasuda Life Insurance Com holds 0.23% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 10,520 shares. Stevens LP accumulated 0.05% or 8,806 shares. Vanguard Group Inc. now owns 33,998,738 shares of the software company's stock valued at $4,808,783,000 after purchasing an additional 943,487 shares during the last quarter. Twin Tree Management Limited Partnership stated it has 15,838 shares. Lpl Fin Llc has invested 0.05% in Adobe Systems Incorporated (NASDAQ:ADBE). Conatus Capital Mngmt L P has 0.04% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 2,115 shares. 1St Source National Bank & Trust holds 1,844 shares or 0.02% of its portfolio.

Since August 9, 2017, it had 1 buy, and 7 sales for $6.56 million activity. WESCO International, Inc. (NYSE:WCC) has risen 13.26% since January 13, 2017 and is uptrending. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned "Buy" rating by Robert W. Baird on Friday, October 6. Neuberger Berman Grp Incorporated Limited Com holds 0.06% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 342,259 shares.

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