Adobe Systems Q4 Profit Tops Wall Street Estimates

In premarket trade Adobe shares were up 1.66% at US$175.00

In premarket trade Adobe shares were up 1.66% at US$175.00

Bienville Capital Management LLC increased its stake in Adobe Systems by 1.6% in the 2nd quarter. Its up 0.01, from 1.1 in 2017Q1. It is positive, as 49 investors sold ADBE shares while 326 reduced holdings.

A number of hedge funds and other institutional investors have recently made changes to their positions in ADBE.

The company repurchased approximately 1.9 million shares during the quarter, returning $297 million of cash to stockholders.

Adobe Experience Cloud achieved revenue of $550 million for the quarter, a 18 percent growth from past year. Ahl Partners Limited Liability Partnership has invested 0.1% in Adobe Systems Incorporated (NASDAQ:ADBE). Plante Moran Advsr Llc invested in 0.06% or 623 shares. Ohio-based Advisors Ltd Llc has invested 0.04% in Adobe Systems Incorporated (NASDAQ:ADBE). It also reduced Insulet Corp (NASDAQ:PODD) stake by 16,400 shares and now owns 9,993 shares. Arrowstreet Capital Limited Partnership now owns 3,833,692 shares of the software company's stock worth $542,237,000 after acquiring an additional 1,190,108 shares in the last quarter. About 2.19 million shares traded or 14.24% up from the average. Moreover, Renaissance Group Ltd Liability Co has 1.06% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 203,424 shares. Atlantic Securities initiated the shares of PG in report on Wednesday, January 6 with "Neutral" rating. Sabby Mngmt Lc owns 1.43M shares for 0.24% of their portfolio. Nationwide Fund holds 702,338 shares or 0.4% of its portfolio. Nomura Asset Management Co.

Since August 9, 2017, it had 0 insider buys, and 5 sales for $2.45 million activity. THOMPSON MATTHEW sold $379,784 worth of stock or 2,190 shares. Brown Advisory Inc sold 319,862 shares as the company's stock rose 14.01% with the market.

Bank Of Nova Scotia increased Metlife Inc (MET) stake by 4.78% reported in 2017Q2 SEC filing. 4,485 were reported by Cetera Advisor Ltd Company.

China keeps building infrastructure on disputed islands in South China Sea
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The software giant reported fiscal third quarter earnings of $501.5 million, or $1.00 a share. In the last ninety days, insiders have sold 12,896 shares of company stock worth $2,215,246. The stock increased 0.07% or $0.13 during the last trading session, reaching $176.96.

Brown Advisory Inc, which manages about $32.71B US Long portfolio, upped its stake in Facebook Inc (NASDAQ:FB) by 5.43M shares to 5.44 million shares, valued at $821.36 million in 2017Q2, according to the filing. Bedrijfstakpensioenfonds Voor De Media Pno has 2.06% invested in Adobe Systems Incorporated (NASDAQ:ADBE). It has outperformed by 25.59% the S&P500. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.15 per share. They expect $0.96 EPS, up 15.66% or $0.13 from last year's $0.83 per share. ADBE's profit would be $473.23 million giving it 45.99 P/E if the $0.96 EPS is correct. During the same quarter in the prior year, the company posted $0.90 earnings per share. equities research analysts anticipate that Adobe Systems Incorporated will post 3.46 EPS for the current fiscal year. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.73 billion. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since December 14, 2016 and is uptrending.

Among 24 analysts covering Proctor & Gamble (NYSE:PG), 12 have Buy rating, 1 Sell and 11 Hold. Therefore 53% are positive. Adobe Systems has a 52 week low of $101.91 and a 52 week high of $186.27. The stock now has an average rating of "Buy" and a consensus target price of $183.29. Argus increased their price objective on Adobe Systems from $170.00 to $195.00 and gave the company a "buy" rating in a report on Wednesday, October 25th. The firm earned "Neutral" rating on Friday, March 18 by Goldman Sachs. On Wednesday, September 27 the stock rating was maintained by Cowen & Co with "Buy". KeyBanc Capital Markets maintained it with "Overweight" rating and $21 target in Wednesday, November 22 report. The firm earned "Hold" rating on Friday, October 6 by RBC Capital Markets. RBC Capital Markets maintained the stock with "Outperform" rating in Wednesday, September 21 report. As per Wednesday, August 5, the company rating was maintained by Canaccord Genuity. The rating was maintained by Robert W. Baird with "Buy" on Thursday, August 31.

More notable recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Investorplace.com which released: "3 Big Stock Charts for Wednesday: Adobe Systems Incorporated, Automatic Data ..." on December 13, 2017, also Seekingalpha.com with their article: "Adobe Earnings: Place Your Bets Now" published on December 13, 2017, Investorplace.com published: "How Investors Need to Approach Adobe Systems Incorporated" on December 14, 2017. As per Thursday, November 5, the company rating was maintained by Deutsche Bank.

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