Adobe Sys INC (ADBE) Stock Value Rose While Tcw Group INC Lowered Its Holding by $12.72 Million

July 27, 2018 - By Carolyn Hewitt

Adobe Systems Incorporated (NASDAQ:ADBE) LogoInvestors sentiment increased to 0.9 in 2018 Q1. Its up 0.01, from 0.89 in 2017Q4. It improved, as 35 investors sold ADBE shares while 418 reduced holdings. 136 funds opened positions while 271 raised stakes. 405.65 million shares or 1.16% less from 410.42 million shares in 2017Q4 were reported. Td Asset holds 178,490 shares or 0.06% of its portfolio. Aperio Grp Limited Liability Corporation invested in 0.31% or 287,709 shares. 1832 Asset Mngmt LP holds 0.06% in Adobe Systems Incorporated (NASDAQ:ADBE) or 74,127 shares. Burney has 1,004 shares. Coldstream Capital Mngmt owns 1,809 shares or 0.04% of their US portfolio. Morgan Stanley has 1.92 million shares. Albion Gru Ut reported 3,727 shares. Hitchwood Capital Mngmt Lp has 300,000 shares. Alphaone Inv Ser Limited Co stated it has 1,855 shares. Department Mb Bankshares N A owns 1.21% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 48,910 shares. Chase Inv Counsel Corporation stated it has 3.74% in Adobe Systems Incorporated (NASDAQ:ADBE). Carret Asset Management Limited Liability Corp accumulated 4,835 shares. Suntrust Banks has 46,816 shares. D L Carlson Group Inc stated it has 0.87% in Adobe Systems Incorporated (NASDAQ:ADBE). Lansdowne Prtn (Uk) Ltd Liability Partnership owns 13,129 shares.

Since January 31, 2018, it had 0 insider purchases, and 15 insider sales for $37.17 million activity. On Tuesday, February 6 the insider GARRETT MARK sold $10.21M. Lewnes Ann sold $758,108 worth of Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, July 18. Another trade for 16,000 shares valued at $3.59M was sold by GESCHKE CHARLES M. The insider DILLON MICHAEL A sold 18,079 shares worth $3.51 million. 30,000 shares were sold by LAMKIN BRYAN, worth $5.97M on Wednesday, January 31. Parasnis Abhay had sold 10,500 shares worth $2.73M on Friday, July 20.

Tcw Group Inc decreased its stake in Adobe Sys Inc (ADBE) by 4.33% based on its latest 2018Q1 regulatory filing with the SEC. Tcw Group Inc sold 58,882 shares as the company’s stock rose 14.81% while stock markets declined. The institutional investor held 1.30 million shares of the prepackaged software company at the end of 2018Q1, valued at $281.44M, down from 1.36 million at the end of the previous reported quarter. Tcw Group Inc who had been investing in Adobe Sys Inc for a number of months, seems to be less bullish one the $128.26B market cap company. The stock decreased 0.47% or $1.24 during the last trading session, reaching $261.93. About 2.04M shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 70.50% since July 27, 2017 and is uptrending. It has outperformed by 57.93% the S&P500.

Tcw Group Inc, which manages about $12.30 billion US Long portfolio, upped its stake in Taiwan Semiconductor Mfg Ltd (NYSE:TSM) by 569,629 shares to 583,299 shares, valued at $25.53M in 2018Q1, according to the filing. It also increased its holding in Technipfmc Plc by 580,594 shares in the quarter, for a total of 1.17M shares, and has risen its stake in Lennar Corp (NYSE:LEN).

Analysts await Adobe Systems Incorporated (NASDAQ:ADBE) to report earnings on September, 18. They expect $1.39 earnings per share, up 54.44 % or $0.49 from last year’s $0.9 per share. ADBE’s profit will be $680.63M for 47.11 P/E if the $1.39 EPS becomes a reality. After $1.38 actual earnings per share reported by Adobe Systems Incorporated for the previous quarter, Wall Street now forecasts 0.72 % EPS growth.

More recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Seekingalpha.com which released: “Adobe: Thesis Intact Ahead Of Q3” on July 19, 2018. Also Investorplace.com published the news titled: “15 Subscription Service Stocks With Massive Growth Potential” on July 26, 2018. Benzinga.com‘s news article titled: “PreMarket Prep Recap For July 5: Trading The Range In The S&P 500; Sean Udall Joins The Show” with publication date: July 05, 2018 was also an interesting one.

Adobe Systems Incorporated (NASDAQ:ADBE) Ratings Coverage

Among 18 analysts covering Adobe (NASDAQ:ADBE), 14 have Buy rating, 0 Sell and 4 Hold. Therefore 78% are positive. Adobe has $280 highest and $225.0 lowest target. $259.75’s average target is -0.83% below currents $261.93 stock price. Adobe had 25 analyst reports since March 12, 2018 according to SRatingsIntel. Robert W. Baird maintained the shares of ADBE in report on Tuesday, May 22 with “Buy” rating. Stifel Nicolaus maintained the shares of ADBE in report on Friday, June 15 with “Buy” rating. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Equal-Weight” rating given on Friday, March 16 by Morgan Stanley. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Buy” rating given on Monday, March 12 by Credit Suisse. The company was maintained on Friday, March 16 by KeyBanc Capital Markets. Bank of America maintained the stock with “Buy” rating in Tuesday, March 13 report. The firm has “Buy” rating given on Thursday, March 15 by RBC Capital Markets. The firm has “Buy” rating given on Friday, March 16 by Guggenheim. Canaccord Genuity maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Friday, June 15. Canaccord Genuity has “Buy” rating and $280 target. Rosenblatt maintained the shares of ADBE in report on Friday, June 15 with “Buy” rating.

Adobe Systems Incorporated (NASDAQ:ADBE) Ratings Chart

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