Published: Wed, March 07, 2018
Industry | By Terrell Bush

Schaper Benz & Wise Investment Counsel Has Decreased Adobe Systems (ADBE) Position; IntelliPharmaCeutics


Jacobs Levy Equity invested in 0.07% or 24,224 shares. Earnings per share (EPS) serve as an indicator of a company's profitability. The stock decreased 0.31% or $0.22 during the last trading session, reaching $69.68. About 1.56 million shares traded. It has underperformed by 22.30% the S&P500.

Pitcairn Company decreased its stake in Adobe Sys Inc (ADBE) by 10.25% based on its latest 2017Q3 regulatory filing with the SEC. Parkside Financial Bank & Trust now owns 900 shares of the software company's stock valued at $135,000 after buying an additional 567 shares during the last quarter. After $1.05 actual EPS reported by Adobe Systems Incorporated for the previous quarter, Wall Street now forecasts 16.19% EPS growth. Koshinski Asset Management Inc who had been investing in Adobe Sys Inc for a number of months, seems to be bullish on the $104.86 billion market cap company. Stratos Wealth Partners LTD. now owns 7,579 shares of the software company's stock valued at $1,131,000 after acquiring an additional 296 shares in the last quarter. About 374,470 shares traded.

Schaper Benz & Wise Investment Counsel Inc decreased Adobe Systems (ADBE) stake by 2.27% reported in 2017Q3 SEC filing. It has outperformed by 25.59% the S&P500.

Since September 13, 2017, it had 1 buying transaction, and 14 insider sales for $79.49 million activity. Also, EVP Ann Lewnes sold 1,953 shares of Adobe Systems stock in a transaction on Wednesday, December 13th. Insiders have sold 351,199 shares of company stock worth $67,326,422 in the last ninety days. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned "Buy" rating by Cowen & Co on Thursday, October 19. $5.81M worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by Morris Donna on Wednesday, January 24. The shares were sold at an average price of $187.38, for a total value of $10,209,961.44. Its up 0.01, from 1.1 in 2017Q2. It worsened, as 42 investors sold Adobe Systems Incorporated shares while 327 reduced holdings.

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Other hedge funds have also recently made changes to their positions in the company. 414.95 million shares or 0.84% less from 418.45 million shares in 2017Q2 were reported. Moreover, Maplelane Capital Limited Liability Corp has 0.39% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 133,744 shares. Bb&T owns 36,462 shares. Clarivest Asset Mgmt Limited Liability holds 195,878 shares. Services Automobile Association stated it has 0.25% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). The Minnesota-based Foundry Partners Llc has invested 0.31% in the stock. Caisse De Depot Et Placement Du Quebec holds 0.03% or 211,200 shares. Vetr raised shares of Adobe Systems from a "hold" rating to a "buy" rating and set a $190.64 price objective on the stock in a research report on Monday, November 13th. Adobe Systems Incorporated has a 52-week low of $119.11 and a 52-week high of $213.44. 182,008 were reported by Cambridge Tru.

Among 2 analysts covering Intellipharmaceutics Intl (NASDAQ:IPCI), 1 have Buy rating, 0 Sell and 1 Hold. Cibc World Markets holds 126,106 shares. Neuberger Berman Grp Inc Limited Liability Com has invested 0.06% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Adirondack Trust owns 0.04% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 330 shares. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned "Buy" rating by RBC Capital Markets on Friday, December 15. Therefore 76% are positive. Royal Bank of Canada lifted their target price on Adobe Systems to $235.00 and gave the stock an "outperform" rating in a report on Wednesday, February 28th. As per Tuesday, September 26, the company rating was maintained by KeyBanc Capital Markets. On Wednesday, September 21 the stock rating was maintained by Morgan Stanley with "Equal-Weight". The company was maintained on Wednesday, September 21 by Goldman Sachs. Eight equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. Credit Suisse maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Friday, March 18. The firm acquired 22,588 shares of the software company's stock, valued at approximately $3,958,000. The firm has "Buy" rating by Robert W. Baird given on Friday, October 6. The company was initiated on Monday, January 18 by Credit Suisse. Goldman Sachs has "Neutral" rating and $92 target. Egerton Capital UK LLP now owns 2,932,074 shares of the software company's stock valued at $513,817,000 after acquiring an additional 1,596,653 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Adobe Systems by 9.7% during the 3rd quarter.

Investors sentiment increased to 1.06 in 2017 Q3. Penobscot Management Incorporated reported 9,395 shares stake. 40 funds opened positions while 125 raised stakes. Picton Mahoney Asset invested in 1.37% or 717,900 shares. Rosenblum Silverman Sutton S F Ca accumulated 57,731 shares. Gp accumulated 214,066 shares. Exane Derivatives increased its holdings in shares of Adobe Systems by 55.0% in the 3rd quarter. Frontier Inv Management Communication reported 0.34% of its portfolio in Bank of America Corporation (NYSE:BAC). Fund Management Sa invested 0.05% in Bunge Limited (NYSE:BG). Voya Invest Mngmt Ltd owns 39,362 shares or 0.01% of their U.S. portfolio. Schwerin Boyle Capital Management Inc acquired 80,700 shares as Retail Properties (RPAI)'s stock declined 15.66%. They expect $1.22 earnings per share, up 56.41% or $0.44 from last year's $0.78 per share.

Among 11 analysts covering Inovalon Holdings Inc (NASDAQ:INOV), 1 have Buy rating, 2 Sell and 8 Hold. Therefore 50% are positive. Adobe Systems had 140 analyst reports since August 11, 2015 according to SRatingsIntel. Analyst's mean target amount for the company is 217.2 while analysts mean suggestion is 1.9. The rating was maintained by H.C. Wainwright with "Buy" on Monday, March 5. The firm earned "Buy" rating on Tuesday, December 8 by Deutsche Bank. Market capitalization is just a fancy declare for a comprehensible concept: it is the market value of a company's outstanding shares.

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