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Credit Agricole SA Sells 178663 Shares of Adobe Systems Incorporated (NASDAQ:ADBE)

11 March 2018

The hedge fund run by Russell Hawkins held 158,900 shares of the finance company at the end of 2017Q3, valued at $9.75M, down from 168,900 at the end of the previous reported quarter. The stock increased 3.00% or $3.04 during the last trading session, reaching $104.27. 2,639,215 shares of the company's stock were exchanged, compared to its average volume of 2,640,000. It has outperformed by 109.09% the S&P500.

Folger Nolan Fleming Douglas Capital Management Inc. lowered its stake in Adobe Systems Incorporated (NASDAQ:ADBE) by 12.7% in the 4th quarter, according to its most recent filing with the SEC. Tremblant Capital Group sold 84,351 shares as Realogy Hldgs Corp (RLGY)'s stock rose 10.11%. The institutional investor held 158,247 shares of the prepackaged software company at the end of 2017Q3, valued at $23.61 million, up from 155,645 at the end of the previous reported quarter. Family Capital Trust Co who had been investing in Adobe Sys Inc for a number of months, seems to be less bullish one the $109.08B market cap company.

Adobe Systems Incorporated (ADBE) shares were closed at $216.40 a share in the latest session and the stock value loss nearly -0.21% since the beginning of this year. About 26.68 million shares traded.

Credit Agricole S A trimmed its position in Adobe Systems Incorporated (NASDAQ:ADBE) by 87.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). It has outperformed by 25.59% the S&P500. ADBE's profit will be $601.87 million for 44.93 P/E if the $1.22 EPS becomes a reality. The Washington-based Zevenbergen Cap Investments Ltd Com has invested 1.73% in Adobe Systems Incorporated (NASDAQ:ADBE).

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Among 29 analysts covering Union Pacific Corporation (NYSE:UNP), 13 have Buy rating, 2 Sell and 14 Hold. Therefore 60% are positive. Guggenheim reiterated a "buy" rating and issued a $230.00 price target on shares of Adobe Systems in a research note on Tuesday, January 23rd. Stifel Nicolaus boosted their target price on shares of Adobe Systems from $175.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, November 10th. The firm has "Buy" rating by Robert W. Baird given on Thursday, August 31. As per Friday, January 19, the company rating was maintained by Sandler O'Neill. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned "Buy" rating by Citigroup on Wednesday, September 21. On Friday, December 15 the stock rating was maintained by RBC Capital Markets with "Buy".

Since September 13, 2017, it had 1 insider buy, and 14 insider sales for $79.49 million activity. On Monday, February 5 DILLON MICHAEL A sold $3.51M worth of Adobe Systems Incorporated (NASDAQ:ADBE) or 18,079 shares. Carret Asset Management Ltd Liability invested 0.12% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Shares for $5.97 million were sold by LAMKIN BRYAN. MCGEARY RODERICK C had sold 15,230 shares worth $578,740 on Thursday, December 14.

Driehaus Capital Management Llc, which manages about $12.71 billion and $2.57B US Long portfolio, decreased its stake in Foundation Building Material by 50,605 shares to 336,576 shares, valued at $4.76 million in 2017Q3, according to the filing. BB&T Investment Services Inc. grew its position in shares of Adobe Systems by 42.4% during the 3rd quarter.

Investors sentiment increased to 1.11 in 2017 Q3. Meanwhile the stock weekly performance was positive at 0.57%, which was down for the month at -1.16%. It increased, as 63 investors sold F shares while 354 reduced holdings. Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments. During the same quarter in the prior year, the company earned $0.90 earnings per share. Janney Montgomery Scott Limited Liability Corp has 9,512 shares for 0.02% of their portfolio. Lpl Limited Liability Corporation has 0.06% invested in Ford Motor Company (NYSE:F) for 1.46M shares. Victory Capital Mgmt reported 0.07% stake. Following the completion of the purchase, the director now directly owns 31,453 shares in the company, valued at $5,578,189.55. Congress Asset Ma holds 1.18% or 512,968 shares. Amp Cap Invsts Limited stated it has 401,762 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 112,239 shares or 0.16% of its portfolio. Cisco Systems Inc. had 152 analyst reports since August 4, 2015 according to SRatingsIntel. First Citizens State Bank Co holds 0.16% or 8,038 shares in its portfolio. The Sweden-based Nordea Invest Ab has invested 0.15% in Adobe Systems Incorporated (NASDAQ:ADBE).

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What to Expect From Adobe Systems Incorporated (ADBE) in Coming 5 Years? . BB&T Investment Services Inc. increased its stake in shares of Adobe Systems by 42.4% during the third quarter. Barclays Capital has "Overweight" rating and $75 target. Therefore 68% are positive. The rating was maintained by Goldman Sachs on Wednesday, March 9 with "Neutral". The firm has "Neutral" rating given on Thursday, March 17 by Nomura. (NYSE:XPO) on Thursday, January 11 with "Buy" rating. The stock has a market capitalization of $111,460.00, a P/E ratio of 65.42, a P/E/G ratio of 2.64 and a beta of 1.10. The company was downgraded on Tuesday, October 10 by Aegis Capital. The company was maintained on Wednesday, July 27 by Jefferies. The insider Armstrong Steven R. sold 22,076 shares worth $273,080. (NYSE:RLGY) for 3.91M shares. The insider GESCHKE CHARLES M sold $3.97 million. Capital Fund Mgmt Sa holds 49,118 shares. 54,488 shares were sold by GARRETT MARK, worth $10.21M on Tuesday, February 6.

Investors sentiment increased to 0.94 in 2017 Q3. Its down 0.02, from 0.92 in 2017Q2. Arkansas-based Stephens Incorporated Ar has invested 0.01% in American International Group, Inc. (NYSE:XPO). The South Carolina-based Greenwood Associates Ltd Company has invested 0.06% in XPO Logistics, Inc. 150 were accumulated by Tortoise Investment Management Ltd. Manning & Napier Advisors Ltd Co reported 0.25% stake. Pennsylvania Trust Co holds 0.04% in Ford Motor Company (NYSE:F) or 72,213 shares. Ameritas Prtnrs holds 0.15% or 20,042 shares in its portfolio. Bnp Paribas Arbitrage Sa owns 3,928 shares or 0% of their U.S. portfolio. Decatur Mngmt stated it has 34,398 shares or 0.98% of all its holdings. Gm Advisory has invested 0.2% in Cisco Systems, Inc. Ing Groep Nv has invested 0.08% of its portfolio in Morgan Stanley (NYSE:MS). Moreover, Fdx Incorporated has 0.17% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 40,571 shares. Kbc Gp Nv reported 26,810 shares. Dana Inv has invested 0.01% in Cisco Systems, Inc. Allen Invest Management Limited Liability, a New York-based fund reported 6,785 shares. Bnp Paribas Arbitrage stated it has 0% in Advanced Energy Industries, Inc.

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