The institutional investor held 1,695 shares of the prepackaged software company at the end of 2017Q2, valued at $240,000, down from 5,245 at the end of the previous reported quarter. The company has market cap of $75.00 billion.
The share price of Adobe Systems Incorporated (NASDAQ:ADBE) was up +0.25% during the last trading session, with a day high of 151.57. About 32 shares traded.
Adobe Systems Incorporated's average Free Cash Flow per Share Growth Rate was 50 percent during the past 12 months. It has outperformed by 25.59% the S&P500.
Donald Chiboucis decreased its stake in Lam Research Corp (LRCX) by 24.21% based on its latest 2017Q2 regulatory filing with the SEC. Whittier accumulated 0% or 203 shares. Kbc Group Nv holds 298,386 shares. The Company offers products and services used by professionals, marketers, knowledge workers, application developers, enterprises and consumers for creating, managing, delivering, measuring, optimizing and engaging with compelling content and experiences. About 525 shares traded. It is down 42.49% since October 11, 2016 and is uptrending. It has outperformed by 13.86% the S&P500.
In other news, EVP Ann Lewnes sold 2,233 shares of the business's stock in a transaction dated Wednesday, March 22nd. More interesting news about Adobe Systems Incorporated (NASDAQ:ADBE) were released by: "Seekingalpha.com and their article: "Adobe Moves Closer To Microsoft" published on September 21, 2017 as well as Investorplace.com's news article titled: "Adobe Systems Incorporated (ADBE) Stock Dips Are Opportunities â€" Go Long!" with publication date: "September 21, 2017. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has "Hold" rating given on Friday, September 15 by Credit Suisse. 171,056 are owned by Gam Holding Ag. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. Therefore 79% are positive. The stock has an average rating of "Buy" and a consensus target price of $158.16. The rating was initiated by Stephens with "Overweight" on Wednesday, August 10. FBR Capital maintained it with "Mkt Perform" rating and $87 target in Wednesday, October 7 report. (NYSE:COL) earned "Hold" rating by Canaccord Genuity on Tuesday, October 25. Arcadia Investment Management Corp MI now owns 34,547 shares of the software company's stock worth $4,886,000 after buying an additional 2,242 shares during the period. BMO Capital Markets has "Buy" rating and $16000 target. Morgan Stanley boosted its position in Adobe Systems by 52.2% during the 1st quarter. Citigroup has "Buy" rating and $114 target.
A statistical measure of the dispersion of returns (volatility) for ADBE producing salvation in Investors mouth, it has week volatility of 1.16% and for the month booked as 1.41%. Its up 0.10, from 1 in 2017Q1. It increased, as 62 investors sold DG shares while 193 reduced holdings. During last 3 month period, -0.41% of total institutional ownership has changed in the company shares. 30,246 are owned by Virtus Inv Advisers. Neuberger Berman Group owns 343,021 shares. As of quarter end Centre Asset Management, LLC had disposed of 1,350 shares trimming its position 1.6%. 51,129 were reported by Jacobs Ca. Old Mutual Glob Invsts (Uk) invested in 0.2% or 129,406 shares. Breton Hill Capital Ltd has 0.13% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Columbia Asset Mgmt reported 13,520 shares stake. Caisse De Depot Et Placement Du Quebec, Quebec - Canada-based fund reported 7.71 million shares. Pension holds 0.34% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 404,930 shares. It worsened, as 30 investors sold CTAS shares while 172 reduced holdings. Moreover, Koshinski Asset Mngmt has 0% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 10,699 shares. Swiss Comml Bank has invested 0.3% in Adobe Systems Incorporated (NASDAQ:ADBE). The High end of the forecast is $1.19 per share, while the Low end is $1.14 per share. Cornerstone Mgmt Holdings Lc reported 43,696 shares stake. As of the end of the quarter Osborn Rohs Williams & Donohoe Ltd had bought a total of 60 shares growing its stake by 1.8%. A company with a value of 0 is thought to be an undervalued company, while a company with a value of 100 is considered an overvalued company. Keybank Natl Association Oh reported 6,161 shares. Its up 0.10, from 1 in 2017Q1. 2,733 shares were sold by STURGELL ROBERT A, worth $284,232. Amalgamated Bankshares reported 58,250 shares. Hbk Sorce Advisory Ltd Limited Liability Company owns 5,160 shares for 0.12% of their portfolio. The ratio may be used to provide an idea of the ability of a certain company to pay back its liabilities with assets. Grantham Mayo Van Otterloo & Lc accumulated 0.05% or 70,100 shares. Company insiders own 0.38% of the company's stock.
ADBE has been the subject of a number of research reports. (NYSE:DG). Renaissance Ltd Liability Company has invested 0.08% in Dollar General Corp. Hermes Investment Ltd holds 7,600 shares or 0.02% of its portfolio. The software company reported $1.10 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.01 by $0.09.
Among 19 analysts covering Lam Research Corporation (NASDAQ:LRCX), 16 have Buy rating, 0 Sell and 3 Hold. Therefore 48% are positive. Rockwell Collins had 65 analyst reports since July 28, 2015 according to SRatingsIntel. Wunderlich upgraded it to "Buy" rating and $145 target in Friday, March 17 report. The rating was maintained by Needham with "Buy" on Thursday, October 20. The rating was downgraded by Johnson Rice on Friday, August 26 to "Accumulate".