Adobe Systems Incorporated (ADBE) Upgraded to Hold by Pivotal Research

Adobe Systems

After $-0.39 actual earnings per share reported by Seattle Genetics, Inc. for the previous quarter, Wall Street now forecasts 7.69% negative EPS growth. The company has market cap of $84.34 billion. The stock rose 11.41% or $17.46 reaching $170.46.

About 41,806 shares traded.

Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 30 have Buy rating, 0 Sell and 8 Hold. It has outperformed by 25.59% the S&P500. Therefore 50% are positive.

Analysts have suggested a mean rating of 1.70 on the shares. The firm earned "Outperform" rating on Thursday, January 5 by BMO Capital Markets. The rating was initiated by Wells Fargo on Wednesday, January 11 with "Market Perform". The stock has "Strong-Buy" rating by Vetr on Wednesday, September 2. The firm has "Neutral" rating by Goldman Sachs given on Wednesday, August 12. Wunderlich maintained it with "Hold" rating and $94 target in Friday, December 11 report. (NYSE:HF) earned "Equal Weight" rating by Morgan Stanley on Tuesday, August 4. The company was upgraded on Tuesday, September 1 by Zacks. The company has market cap of $7.85 billion. The Firm operates through four business divisions: reinforcement materials, performance chemicals, purification solutions and specialty fluids. It has a 48.13 P/E ratio.

Investors sentiment increased to 1.1 in Q2 2017. Its up 0.32, from 0.93 in 2017Q1. It also increased its holding in Oracle Corp (NYSE:ORCL) by 18,562 shares in the quarter, for a total of 43,596 shares, and has risen its stake in Marathon Pete Corp (NYSE:MPC). Moving averages are a very simple tool to use, like most technical indicators, different traders will focus on different ways to use them. State Common Retirement Fund holds 0.02% or 456,426 shares in its portfolio. Da Davidson invested 0.01% in HFF, Inc. Martingale Asset Management Lp reported 296,255 shares. Reilly Advisors Limited Co holds 0.01% or 278 shares in its portfolio. Barbara Oil owns 6,000 shares. Bbva Compass National Bank Incorporated invested in 0.05% or 5,085 shares. Banque Pictet & Cie holds 77,576 shares. Short interest on the equity dropped 10.2% during the past reporting period to just 4.4 million shares, or 0.9% of ADBE's total available float. America First Advsr Ltd Liability has invested 0% in General Motors Company (NYSE:GM).

Adobe Systems Incorporated was covered by a number of analysts recently, 12 rated the stock as Buy, 5 rated Hold, 1 rated sell and 0 gave an Underperform. Massmutual Trust Co Fsb Adv holds 54 shares or 0% of its portfolio.

About 108,778 shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since October 19, 2016 and is uptrending. It has underperformed by 1.26% the S&P500.

Investors sentiment decreased to 1.02 in 2017 Q2. Its up 0.10, from 1 in 2017Q1. 117 funds opened positions while 294 raised stakes. 418.45 million shares or 0.88% less from 422.18 million shares in 2017Q1 were reported. Koshinski Asset reported 0% stake. Moreover, Papp L Roy Associate has 0.44% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 14,350 shares. Nelson Roberts Inv Advsrs Limited Liability stated it has 0.06% in Adobe Systems Incorporated (NASDAQ:ADBE). (NYSE:HF). Ameriprise owns 188,420 shares or 0% of their U.S. portfolio. Personal Capital reported 1,416 shares. Forbes J M And Llp accumulated 101,867 shares or 3.67% of the stock. Cohen Klingenstein Ltd Liability Com reported 0.95% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Leavell Management accumulated 0.43% or 24,020 shares. It also upped Integrated Device Technology (NASDAQ:IDTI) stake by 67,250 shares and now owns 238,736 shares. Adobe Systems Incorporated (ADBE) average trading volume of 2,911,910 during the past month is 23.71% above its average volume over the past year, indicating that investors have been more active than usual in the stock in recent times. Adobe Systems presently has an average rating of "Buy" and a consensus target price of $162.33. Therefore 79% are positive. On average, analysts anticipate that Adobe Systems will post $4.22 EPS for the current year. The stock has "Sector Perform" rating by RBC Capital Markets on Friday, July 22. (NASDAQ:AHPI)'s stock about -26.89% from the 50-day high and 8.33% away from the 50-day low. Goldman Sachs maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Friday, March 18. Pivotal Research raised Adobe Systems from a "sell" rating to a "hold" rating and raised their price target for the company from $118.00 to $160.00 in a report on Wednesday.

Adobe Systems (NASDAQ:ADBE) last issued its quarterly earnings data on Tuesday, September 19th.

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