Adobe Systems (NASDAQ:ADBE) Given "Buy" Rating at Robert W. Baird

BB&T Investment Services Inc. now owns 923 shares of the software company's stock valued at $138,000 after buying an additional 275 shares during the last quarter. The institutional investor held 324,100 shares of the public utilities company at the end of 2017Q3, valued at $5.63 million, up from 92,500 at the end of the previous reported quarter. Moreover, Thomas J. Herzfeld Advisors Inc. has 0.18% invested in the company for 24,766 shares. The stock increased 0.49% or $0.91 during the last trading session, reaching $185.95. Brigade Cap Management L P accumulated 1.82 million shares. AT&T Inc. (NYSE:T) has declined 0.52% since January 9, 2017 and is downtrending. It has underperformed by 16.70% the S&P500. (ADBE) stake by 78.16% reported in 2017Q3 SEC filing.

Several other institutional investors have also bought shares of the company. The software company reported $1.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.16 by $0.10. Blue Edge Capital Llc who had been investing in Procter & Gamble Co for a number of months, seems to be bullish on the $230.99 billion market cap company.

The stock decreased 0.45% or $0.07 during the last trading session, reaching $15.64. About 476,862 shares traded or 128.72% up from the average. Vetr upgraded Adobe Systems Incorporated (NASDAQ:ADBE) rating on Tuesday, September 8. It has outperformed by 25.59% the S&P500. Goldman Sachs maintained the shares of ADBE in report on Wednesday, September 21 with "Neutral" rating. Baldwin Inv Ltd Co owns 10,197 shares or 0.15% of their U.S. portfolio. HIMX's profit will be $24.09 million for 19.24 P/E if the $0.14 EPS becomes a reality.

Since August 9, 2017, it had 1 buying transaction, and 6 selling transactions for $2.59 million activity. Its up 0.01, from 1.1 in 2017Q2. It improved, as 42 investors sold ADBE shares while 327 reduced holdings.

A number of hedge funds have recently modified their holdings of the business. Barclays restated a buy rating and set a $167.00 price target on shares of Adobe Systems in a research report on Friday, September 15th. Royal Natl Bank Of Canada reported 386 shares stake. Private Advisor Group Inc Limited Company holds 0.2% or 42,642 shares. (NYSE:MRK) for 6,585 shares. Alexandria Capital Lc owns 77 shares for 0% of their portfolio. Portolan Capital Mngmt Limited Liability Corp stated it has 0.3% in Adobe Systems Incorporated (NASDAQ:ADBE).

More news: Federal Realty Investment Trust (NYSE:FRT) Profitability in Focus

Adobe Systems (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, December 14th. Kdi Capital Ltd Com holds 40,423 shares. Night Owl Cap Mngmt Ltd Liability Corporation reported 33,414 shares. The North Carolina-based Carroll Fincl has invested 0.03% in Adobe Systems Incorporated (NASDAQ:ADBE). Advisory Services Network Llc, a Georgia-based fund reported 7,260 shares. Cannell Peter B Company reported 28,800 shares. Chemical Savings Bank stated it has 224,441 shares.

Adobe Systems Incorporated operates as a diversified software firm worldwide. Therefore 34% are positive. Himax Tech had 46 analyst reports since August 10, 2015 according to SRatingsIntel. During the same quarter in the prior year, the company posted $0.90 EPS. analysts anticipate that Adobe Systems will post 4.58 earnings per share for the current fiscal year. As per Monday, July 18, the company rating was downgraded by BMO Capital Markets. The rating was maintained by Cowen & Co with "Buy" on Wednesday, September 20. The firm has "Hold" rating given on Thursday, November 3 by Wunderlich. The company presently has an average rating of Buy and a consensus target price of $127.13. The firm earned "Buy" rating on Thursday, October 19 by Credit Suisse. The firm has "Buy" rating given on Thursday, March 31 by Canaccord Genuity.

Since August 9, 2017, it had 1 buying transaction, and 6 insider sales for $2.59 million activity. Shares for $1.18M were sold by WARNOCK JOHN E on Friday, October 20. Following the transaction, the director now directly owns 16,088 shares in the company, valued at $2,802,529.60. Over the last quarter, insiders have sold 67,496 shares of company stock worth $11,829,489.

Timessquare Capital Management Llc decreased Kennedy (NYSE:KW) stake by 351,438 shares to 3.18 million valued at $58.93 million in 2017Q3. It also increased its holding in Nvr Inc. They expect $0.65 EPS, down 1.52% or $0.01 from last year's $0.66 per share. Its down 0.06, from 2.36 in 2017Q2. 110 funds opened positions while 558 raised stakes. 401.33 million shares or 2.97% more from 389.74 million shares in 2017Q2 were reported. Perkins Coie Trust Communication invested 0.26% of its portfolio in Merck & Co., Inc. (NYSE:GIS). Ubs Asset Management Americas has invested 0.11% of its portfolio in General Mills, Inc. America First Investment Ltd Liability Corporation holds 0.21% of its portfolio in The Procter & Gamble Company (NYSE:PG) for 6,572 shares. Hutchin Hill Cap LP invested 0.36% in General Mills, Inc. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0% or 2,987 shares. Oppenheimer reaffirmed a hold rating on shares of Adobe Systems in a research report on Wednesday, September 20th. BARING ASSET MANAGEMENT Ltd now owns 26,699 shares of the software company's stock worth $3,776,000 after purchasing an additional 2,864 shares in the last quarter. Following the transaction, the director now owns 12,375 shares in the company, valued at $2,170,451.25. Sit Invest Associates stated it has 10,500 shares. (NYSE:MA) by 278 shares to 6,363 shares, valued at $898.46 million in 2017Q3, according to the filing.

Among 29 analysts covering AT&T Inc. Pivotal Research upgraded Adobe Systems from a sell rating to a hold rating and boosted their price target for the company from $118.00 to $160.00 in a report on Wednesday, October 18th. Therefore 50% are positive. Howard Hughes had 11 analyst reports since August 14, 2015 according to SRatingsIntel. As per Wednesday, February 8, the company rating was maintained by RBC Capital Markets. RBC Capital Markets maintained it with "Sector Perform" rating and $76 target in Tuesday, October 27 report. The stock has "Buy" rating by BWS Financial on Thursday, June 8. Peoples Financial Corp reported 3.4% of its portfolio in The Procter & Gamble Company (NYSE:PG). (NYSE:ALLY) earned "Buy" rating by Piper Jaffray on Tuesday, December 5. The stock has "Buy" rating by Stifel Nicolaus on Tuesday, January 19.

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