Investors sentiment increased to 0.97 in 2018 Q2. Its up 0.07, from 0.9 in 2018Q1. It is positive, as 40 investors sold Adobe Inc. shares while 411 reduced holdings. 119 funds opened positions while 320 raised stakes. 398.19 million shares or 1.84% less from 405.65 million shares in 2018Q1 were reported.
93,679 were accumulated by Pinebridge Invests Limited Partnership. Koshinski Asset Management holds 17,916 shares or 1.46% of its portfolio. First Pacific Advsrs Llc reported 1,700 shares. Tcw Grp holds 1.22M shares or 2.41% of its portfolio. The California-based Bender Robert And Assocs has invested 2.96% in Adobe Inc. (NASDAQ:ADBE). Putnam Ltd Co holds 1.20 million shares or 0.67% of its portfolio. Outfitter Ltd accumulated 3.42% or 30,956 shares. Marietta Investment Ptnrs Limited Liability Company stated it has 1.58% of its portfolio in Adobe Inc. (NASDAQ:ADBE). Camarda Fincl Advsrs Limited Liability Com reported 0.1% of its portfolio in Adobe Inc. (NASDAQ:ADBE). Fincl Counselors Incorporated invested 0.12% in Adobe Inc. (NASDAQ:ADBE). New Mexico Educational Retirement Board stated it has 45,318 shares or 0.43% of all its holdings. Bryn Mawr Trust Com invested in 1,649 shares or 0.02% of the stock. State Common Retirement Fund accumulated 0.42% or 1.36 million shares. Gabelli & Advisers accumulated 10,000 shares. Capital Advsr Limited Limited Liability reported 710 shares.
Since May 16, 2018, it had 1 buy, and 9 insider sales for $14.93 million activity. On Wednesday, July 18 the insider Lewnes Ann sold $758,108. 6,000 shares valued at $1.53 million were sold by GESCHKE CHARLES M on Monday, June 18. 10,500 shares valued at $2.73M were sold by Parasnis Abhay on Friday, July 20. Another trade for 75 shares valued at $19,607 was made by Ricks David A on Monday, September 24.
Analysts expect Adobe Inc. (NASDAQ:ADBE) to report $1.56 EPS on December, 13.They anticipate $0.51 EPS change or 48.57 % from last quarter’s $1.05 EPS. ADBE’s profit would be $761.49M giving it 37.70 P/E if the $1.56 EPS is correct. After having $1.42 EPS previously, Adobe Inc.’s analysts see 9.86 % EPS growth. The stock decreased 1.47% or $3.52 during the last trading session, reaching $235.22. About 2.89M shares traded. Adobe Inc. (NASDAQ:ADBE) has risen 71.32% since November 14, 2017 and is uptrending. It has outperformed by 55.70% the S&P500.
Adobe Inc. (NASDAQ:ADBE) Ratings Coverage
Among 15 analysts covering Adobe (NASDAQ:ADBE), 11 have Buy rating, 0 Sell and 4 Hold. Therefore 73% are positive. Adobe had 19 analyst reports since May 22, 2018 according to SRatingsIntel. The stock has “Outperform” rating by BMO Capital Markets on Friday, September 14. Credit Suisse maintained the stock with “Outperform” rating in Friday, September 14 report. The stock of Adobe Inc. (NASDAQ:ADBE) has “Neutral” rating given on Friday, June 15 by JP Morgan. Robert W. Baird maintained it with “Outperform” rating and $290 target in Friday, September 14 report. KeyBanc Capital Markets maintained Adobe Inc. (NASDAQ:ADBE) on Friday, September 14 with “Overweight” rating. The firm earned “Market Perform” rating on Friday, June 15 by Wells Fargo. BMO Capital Markets maintained the shares of ADBE in report on Friday, June 15 with “Outperform” rating. On Friday, June 15 the stock rating was maintained by Canaccord Genuity with “Buy”. The company was maintained on Friday, June 15 by Rosenblatt. The firm earned “Overweight” rating on Tuesday, June 12 by Barclays Capital.
Adobe Systems Incorporated operates as a diversified software firm worldwide. The company has market cap of $114.82 billion. The Company’s Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content. It has a 48.61 P/E ratio. This segmentÂ’s flagship product is Creative Cloud, a subscription service that allows clients to download and install the latest versions of its creative products.
More important recent Adobe Inc. (NASDAQ:ADBE) news were published by: Investorplace.com which released: “5 Top Stock Trades for Thursday: Apple’s Bear Market, Snap’s Investigation” on November 14, 2018, also Seekingalpha.com published article titled: “Adobe: Can’t Ignore Its Growth Rates”, Nasdaq.com published: “Why SAP Stock Is Getting Hammered After Its Qualtrics Acquisition” on November 12, 2018. More interesting news about Adobe Inc. (NASDAQ:ADBE) was released by: Seekingalpha.com and their article: “The Reliability Of Adobe” with publication date: November 08, 2018.