The software company reported $1.55 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.44 by $0.11. Another trade for 50,775 shares valued at $10.16 million was sold by THOMPSON MATTHEW. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 66.71% since April 27, 2017 and is uptrending. It has outperformed by 55.16% the S&P500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The shares were sold at an average price of $197.13, for a total value of $1,256,900.88. Following the sale, the executive vice president now owns 68,693 shares in the company, valued at approximately $13,541,451.09.
Technical Analysis: The Company has the market capitalization of $10.20B. The stock decreased 0.38% or $0.01 during the last trading session, reaching $2.61. Another trade for 544 shares valued at $795,502 was made by Reynolds Shelley on Thursday, February 15. Microsoft Corporation (NASDAQ:MSFT) has risen 37.43% since April 27, 2017 and is uptrending. It has outperformed by 1.81% the S&P500.
Northeast Investment Management, which manages about $1.26B and $1.19B US Long portfolio, decreased its stake in Procter & Gamble Co (NYSE:PG) by 9,661 shares to 177,996 shares, valued at $16.35 million in 2017Q4, according to the filing. It also reduced its holding in Freeport (NYSE:FCX) by 4.89M shares in the quarter, leaving it with 100,000 shares, and cut its stake in Tenet Healthcare Corp (NYSE:THC).
During Q4 2017 the big money sentiment decreased to 0.89. Its down 0.06, from 0.83 in 2017Q3. The value there would make it reasonable for the investors to decide the dimensions of Adobe Systems Incorporated not at all like the standard sales or statistics of their aggregate resources. 147 funds opened positions while 416 raised stakes. The stock had a trading volume of 1,503,148 shares, compared to its average volume of 2,986,060. Fayez Sarofim stated it has 0.06% in 3M Company (NYSE:MMM). Overall, the share price is up 26.63% so far this year. M Partners maintained the shares of MSFT in report on Friday, July 21 with "Hold" rating. Gateway Inv Advisers Ltd, Ohio-based fund reported 343,288 shs. Private Advisor Gp Limited Liability holds 0.88% or 236,816 shares in its portfolio.
Stock markets can move in a flash, requiring investors to stay on their toes at all times. Cypress Ltd Liability Corp has invested 0.08% in Amazon.com, Inc. Virtus Investment Advisers reported 48,359 shares or 0.4% of all its holdings. Investec Asset Management North America holds 0.37% or 2,011 shares. Rosenblum Silverman Sutton S F Ca holds 1,415 shares. Dillon And Assocs reported 0.29% stake. Lord Abbett Limited Liability Co invested in 0.09% or 185,077 shs. 21,972 were accumulated by Somerset Trust Communication.
Among 2 analysts covering Anglo Asian Mining PLC (LON:AAZ), 1 have Buy rating, 0 Sell and 1 Hold. The company has experienced volume of 2,220,421 shares while on average the company has a capacity of trading 3.12M share. The shares were sold at an average price of $224.35, for a total value of $3,589,600.00. Shares for $11,102 were sold by THULIN INGE G. This information shouldn't be overlooked due to the greatly float size in the stock of 490.78M shares. It is positive, as 35 investors sold JNJ shares while 884 reduced holdings. Bauman James L had sold 2,826 shares worth $700,790. Ten research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Therefore 72% are positive.
According to 24 analysts, the Average Revenue Estimate is $2.16 Billion for the current Fiscal quarter. The rating was maintained by JP Morgan on Wednesday, October 7 with "Overweight". The company was maintained on Sunday, October 8 by RBC Capital Markets. On Friday, March 16 the rating was maintained by KeyBanc Capital Markets with "Overweight". Jefferies maintained 3M Company (NYSE:MMM) on Friday, May 26 with "Buy" rating. Finally, Pivotal Research boosted their target price on Adobe Systems from $193.00 to $195.00 and gave the company a "hold" rating in a research note on Tuesday, January 23rd. The firm earned "Buy" rating on Tuesday, October 31 by Argus Research. Canaccord Genuity maintained it with "Hold" rating and $6800 target in Thursday, July 6 report. Rencher Bradley also sold $3.63 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, January 24. The insider WARNOCK JOHN E sold 5,000 shares worth $1.12M. Marietta Invest Lc holds 1.1% of its portfolio in Microsoft Corporation (NASDAQ:MSFT) for 45,397 shares.
Adobe Systems (NASDAQ:ADBE) last released its quarterly earnings data on Thursday, March 15th. They expect $1.25 EPS, up 54.32 % or $0.44 from last year's $0.81 per share. ADBE's profit will be $615.59M for 44.13 P/E if the $1.25 EPS becomes a reality. It now has negative earnings.
Institutional Ownership/ Insider Ownership: Adobe Systems Incorporated institutional ownership is held at 88.9% while insider ownership was 0.1%. The firm earned "Buy" rating on Thursday, January 14 by Dougherty & Company. On Monday, December 11 the rating was maintained by Cowen & Co with "Buy". Texan Cap Mngmt reported 0.69% in Adobe Systems Incorporated (NASDAQ:ADBE). RBC Capital Markets has "Sector Perform" rating and $105 target. $3.97M worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by GESCHKE CHARLES M on Wednesday, January 10. Credit Suisse has "Neutral" rating and $70 target. DZ Bank upgraded the shares of ADBE in report on Tuesday, March 20 to "Buy" rating.