Adobe Systems' (ADBE) "Buy" Rating Reaffirmed at Canaccord Genuity

Egerton Capital UK LLP now owns 2,932,074 shares of the software company's stock worth $513,817,000 after purchasing an additional 1,596,653 shares in the last quarter. The institutional investor held 542,264 shares of the consumer services company at the end of 2017Q3, valued at $17.66 million, up from 455,579 at the end of the previous reported quarter.

Impala Asset Management Llc decreased Scorpio Tankers Inc (NYSE:STNG) stake by 2.20 million shares to 300,000 valued at $1.03M in 2017Q3. The shares were purchased at an average price of $177.35 per share, for a total transaction of $199,518.75. The Walt Disney Company (NYSE:DIS) has risen 9.26% since March 17, 2017 and is uptrending. It has underperformed by 8.11% the S&P500.

Impala Asset Management Llc increased Vale S A (VALE) stake by 32.74% reported in 2017Q3 SEC filing. Gemmer Asset Management Llc bought 13,710 shares as the company's stock rose 14.01% with the market. The institutional investor acquired 2,700 shares of the software company's stock, valued at approximately $473,000. Gemmer Asset Management Llc who had been investing in Adobe Sys Inc for a number of months, seems to be bullish on the $111.27 billion market cap company.

Adobe Systems (NASDAQ:ADBE) traded up $6.68 during trading on Friday, hitting $225.55. About 8.78M shares traded or 221.70% up from the average.

Shares of Adobe Systems Incorporated (NASDAQ:ADBE) opened at $218.87 on Friday. It has outperformed by 25.59% the S&P500.

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Since October 11, 2017, it had 1 insider buy, and 13 selling transactions for $79.18 million activity. Shares for $5.97 million were sold by LAMKIN BRYAN. The company was maintained on Thursday, March 15 by Robert W. Baird.

COPYRIGHT VIOLATION NOTICE: "Adobe Systems' (ADBE) "Buy" Rating Reaffirmed at Canaccord Genuity" was published by Week Herald and is the property of of Week Herald. Therefore 62% are positive. Altria Group Inc. had 59 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of American International Group, Inc. Eight analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. Stifel Nicolaus upped their price target on shares of Adobe Systems from $210.00 to $230.00 and gave the stock a buy rating in a research report on Monday, March 12th. As per Wednesday, January 6, the company rating was downgraded by Barclays Capital. The rating was maintained by Wells Fargo with "Buy" on Wednesday, July 5. The firm has "Neutral" rating by Goldman Sachs given on Tuesday, December 15. Its down 0.02, from 0.91 in 2017Q2. It improved, as 23 investors sold PINC shares while 41 reduced holdings. 29 funds opened positions while 69 raised stakes. Westover Capital Limited Liability Com reported 1,416 shares stake. Davenport & Limited Liability Corp stated it has 447,900 shares. (NASDAQ:PINC). Fmr Lc holds 0.03% or 6.44M shares in its portfolio. (NYSE:AIG). Serv accumulated 263 shares. Aspen Investment Mngmt holds 0.35% or 3,196 shares. Winfield Associate invested in 40 shares or 0% of the stock. Following the completion of the transaction, the director now owns 31,453 shares in the company, valued at $5,578,189.55. Dupont Cap Mngmt stated it has 15,783 shares. Hollencrest Securities Limited has 0.2% invested in Altria Group, Inc. (NYSE:AIG) for 344,469 shares. 100,014 were accumulated by Tocqueville Asset Management Ltd Partnership. Triangle Wealth holds 0.61% or 6,849 shares. 7,457 were reported by Cypress Cap Mgmt Ltd Liability Company. (NYSE:AIG). Trust Of Vermont has invested 0.01% of its portfolio in American International Group, Inc. (NYSE:MO) to report earnings on May, 1. Hartford Mngmt invested in 1,770 shares. MO's profit will be $1.79B for 16.81 P/E if the $0.94 EPS becomes a reality. The software company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.44 by $0.11. It also reduced its holding in Marathon Petroleum Corp (NYSE:MPC) by 19,680 shares in the quarter, leaving it with 96,530 shares, and cut its stake in Paypal Hldg Inc. $10.21M worth of Adobe Systems Incorporated (NASDAQ:ADBE) shares were sold by GARRETT MARK. Therefore 74% are positive. Adobe Systems had 155 analyst reports since August 11, 2015 according to SRatingsIntel. The stock has "Overweight" rating by Morgan Stanley on Wednesday, September 7. The stock has "Buy" rating by KeyBanc Capital Markets on Wednesday, June 21. The stock has "Buy" rating by Canaccord Genuity on Tuesday, January 23. The stock has "Neutral" rating by Credit Suisse on Friday, March 18. Royal Bank of Canada increased their price target on shares of Adobe Systems to $235.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 28th. Goldman Sachs has "Buy" rating and $68 target. On Wednesday, June 22 the stock rating was maintained by Rosenblatt with "Buy". The rating was initiated by Stephens on Wednesday, August 10 with "Overweight".

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

A number of hedge funds have recently bought and sold shares of ADBE. Parkside Financial Bank & Trust raised its stake in Adobe Systems by 170.3% in the third quarter. Its down 0.22, from 1.11 in 2017Q2. Kistler accumulated 362 shares. Acadian Asset Lc holds 0.02% or 26,827 shares. Paloma Prtnrs Mgmt has 0.02% invested in Premier, Inc. 161,574 are owned by Nwi L P. Ahl Prtn Llp owns 53,901 shares or 0.14% of their U.S. portfolio. Welch & Forbes invested 0.04% in Adobe Systems Incorporated (NASDAQ:ADBE). Employees Retirement Sys Of Ohio holds 0% or 20,338 shares. Dana Investment Advsrs reported 44,998 shares. Northwest Investment Counselors Ltd Liability Corp owns 350 shares. The SI to MISSION NEWENERGY LTD ORDINARY SHARE's float is 0.22%. Winfield Assocs has 245 shares. The Alabama-based Retirement Of Alabama has invested 0.19% in Adobe Systems Incorporated (NASDAQ:ADBE). Amica Mutual has 0.23% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Tributary Management Limited Liability Corporation has 4,450 shares for 0.06% of their portfolio. $3.97M worth of Adobe Systems Incorporated (NASDAQ:ADBE) shares were sold by GESCHKE CHARLES M. Rencher Bradley had sold 18,410 shares worth $3.63 million.

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