Adobe Systems Incorporated (ADBE) Has Bullish Double Top Pattern Trading At $222.95

It is down 0.47% since April 26, 2017 and is uptrending. It has underperformed by 45.28% the S&P500.

Taking a look at the current stock price for Adobe Systems Incorporated (NASDAQ:ADBE), we could notice that the shares are trading close to the $217.32 level. The hedge fund run by Greg Taxin held 49,445 shares of the prepackaged software company at the end of 2017Q4, valued at $8.67 million, down from 71,415 at the end of the previous reported quarter. Adobe Sys Inc now has $109.28 billion valuation. The stock increased 2.02% or $4.396 during the last trading session, reaching $221.716. About 59,010 shares traded.

Adobe Systems Incorporated (NASDAQ:ADBE) announced its earnings results on Tuesday. It has outperformed by 55.16% the S&P500. The stock was sold at an average price of $231.70, for a total value of $680,502.90. Credit Suisse maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Wednesday, January 6. 18,079 Adobe Systems Incorporated (NASDAQ:ADBE) shares with value of $3.51 million were sold by DILLON MICHAEL A. Another trade for 18,410 shares valued at $3.63 million was sold by Rencher Bradley. On Monday, March 19 5,000 shs were sold by WARNOCK JOHN E, worth $1.12 million.

Among 39 analysts covering Adobe Systems (NASDAQ:ADBE), 28 have Buy rating, 0 Sell and 11 Hold. Therefore 50% are positive.

In total 21 analysts cover Adobe Systems (NASDAQ:ADBE). The firm has "Outperform" rating given on Wednesday, February 8 by RBC Capital Markets. On Friday, March 16 Canaccord Genuity maintained Adobe Systems Incorporated (NASDAQ:ADBE) with "Buy" rating. The firm earned "Buy" rating on Tuesday, October 31 by Argus Research. The stock of Anglo Asian Mining PLC (LON:AAZ) earned "Buy" rating by SP Angel on Monday, August 1. Cowen & Co maintained it with "Buy" rating and $200.0 target in Monday, December 11 report. The rating was maintained by Goldman Sachs with "Neutral" on Friday, March 18.

Visitors arrive for Berkshire Hathaway weekend
This is gradually lessening thanks to share buybacks by the company. In 2011, Berkshire Hathaway owned 64 million shares of IBM's stock.

Natixis, which manages about $13.01 billion US Long portfolio, decreased its stake in Littelfuse Inc (NASDAQ:LFUS) by 2,511 shares to 1,840 shares, valued at $364,000 in 2017Q4, according to the filing.

Mannatech Inc (MTEX) investors sentiment increased to 1.57 in Q4 2017.

GGB trades at a forward P/E of 10.95, a P/B of 1.19, and a P/S of 0.76, compared to a forward P/E of 30.31, a P/B of 12.64, and a P/S of 14.56 for ADBE. 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. 107 funds acquired positions and 280 increased positions. Following the completion of the sale, the executive vice president now directly owns 52,083 shares of the company's stock, valued at $6,786,414.90. Waratah Cap Advsr Ltd holds 7,295 shares or 0.15% of its portfolio. Pacific Investment Mngmt holds 1.24% or 24,345 shares. Fort Washington Advsrs Inc Oh invested 0.01% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Texan Cap Mngmt reported 0.69% in Adobe Systems Incorporated (NASDAQ:ADBE). Millennium Management Ltd Llc reported 0.35% stake. 53,899 are owned by State Of Alaska Department Of Revenue. Lansdowne Prtnrs (Uk) Limited Liability Partnership owns 15,661 shares. Wealth Architects Limited Liability Corp reported 3,497 shares. BidaskClub upgraded Adobe Systems from a "buy" rating to a "strong-buy" rating in a report on Tuesday, January 9th. Bancshares Of Nova Scotia holds 0.13% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 167,567 shares. The share price was last seen 2.69% higher, reaching at $42.39 on 04/26/2018. Next Financial accumulated 1,564 shares. Ten equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. Therefore 48% are positive. Microsoft Corporation had 174 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Workspace Group plc (LON:WKP) earned "Add" rating by Numis Securities on Tuesday, October 6. The rating was maintained by Wunderlich on Wednesday, June 21 with "Buy". On Thursday, March 15 Barclays Capital maintained the shares of ADBE in report with "Overweight" rating. The stock has "Buy" rating by Jefferies on Thursday, October 19. The rating was maintained by SP Angel on Wednesday, November 11 with "Hold". KeyBanc Capital Markets downgraded Baidu, Inc. The firm has "Speculative Buy" rating by Beaufort Securities given on Thursday, April 14. Bowen Hanes & invested in 0.28% or 73,166 shares. Its down 0.22, from 1.11 in 2017Q3. It is negative, as 30 investors sold Avon Products, Inc. shares while 64 reduced holdings. 134 funds opened positions while 676 raised stakes. Barnett owns 0.03% invested in Microsoft Corporation (NASDAQ:MSFT) for 640 shares. King Luther Cap has invested 1.12% in Johnson & Johnson (NYSE:JNJ). Gamco Incorporated Et Al reported 0.02% stake. National Bank Of The West has 0.4% invested in Johnson & Johnson (NYSE:JNJ). (NYSE:AVP). Retirement Of Alabama reported 568,944 shares. Mason Street Limited Liability holds 68,663 shares. The North Carolina-based Bank Of America Corp De has invested 0% in the stock. Prescott Capital Management Ltd Llc has invested 0.4% of its portfolio in Avon Products, Inc. Greenwood Gearhart holds 2.85% of its portfolio in Johnson & Johnson (NYSE:JNJ) for 64,039 shares. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 114,044 shares.

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