Adobe Systems Incorporated (ADBE) Forms Double Top Pattern Trading at $222.95

Baidu, Inc. (NASDAQ:BIDU) has risen 36.72% since April 27, 2017 and is uptrending. It has underperformed by 45.28% the S&P500.

Philip Rosenstrach increased its stake in Adobe Sys Inc (Put) (ADBE) by 145.49% based on its latest 2017Q4 regulatory filing with the SEC. Egerton Capital Uk Llp acquired 1.60M shares as Adobe Sys Inc (ADBE)'s stock rose 22.17%. First National Bank Of Hutchinson who had been investing in Adobe Systems Inc for a number of months, seems to be less bullish one the $108.67 billion market cap company.

Shares of Adobe Systems stock traded down $0.01 on Friday, reaching $221.90. About 1.50M shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 66.71% since April 27, 2017 and is uptrending. ADBE outperformed the S&P 500 by 55.16%.

Since December 13, 2017, it had 1 insider buy, and 16 selling transactions for $87.08 million activity. $5.81M worth of Adobe Systems Incorporated (NASDAQ:ADBE) shs were sold by Morris Donna. 4,146 shares were sold by Roman Michael F, worth $1.02M on Friday, February 2. Lord Abbett And Lc owns 0.09% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 185,077 shares. Shares for $658,148 were sold by Lewnes Ann. 16,000 Adobe Systems Incorporated (NASDAQ:ADBE) shares with value of $3.59 million were sold by GESCHKE CHARLES M. $10.21 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) shares were sold by GARRETT MARK. On Monday, March 19 5,000 shs were sold by WARNOCK JOHN E, worth $1.12 million. Eaton Vance holds 0.38% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 895,685 shares. Therefore 72% are positive. Adobe Systems had 35 analyst reports since November 9, 2017 according to SRatingsIntel. The insider Banse Amy bought $199,520. The stock has "Underweight" rating by JP Morgan on Wednesday, September 20. On Friday, March 16 Canaccord Genuity maintained Adobe Systems Incorporated (NASDAQ:ADBE) with "Buy" rating. Wunderlich maintained the shares of ADBE in report on Wednesday, June 21 with "Buy" rating. Cornerstone Advisors Inc has 0.54% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 27,000 shares. The firm has "Buy" rating by Cowen & Co given on Friday, March 16. Dodge Cox owns 91,653 shares or 0.01% of their U.S. portfolio. It also upped Johnson & Johnson (NYSE:JNJ) stake by 203,280 shares and now owns 7.23 million shares.

Investors sentiment decreased to 0.89 in Q4 2017. Its up 0.03, from 1.26 in 2017Q3.

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Performance Review: Over the last 5.0 days, Adobe Systems Incorporated's shares returned -5.96 percent, and in the past 30.00 days, the figure appeared at -5.06 percent. 147 funds opened positions while 416 raised stakes. 1,502,938 shares of the company were exchanged, compared to its average volume of 2,986,060. Stevens Cap L P holds 0.4% or 58,981 shs in its capital. F&V Capital Mngmt Ltd reported 122,733 shares or 5.45% of all its holdings. Schnieders Mngmt Limited Liability holds 1.3% of its portfolio in 3M Company (NYSE:MMM) for 13,386 shares.

Adobe Systems (NASDAQ:ADBE) last released its quarterly earnings data on Thursday, March 15th. Kbc Nv holds 0.53% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 355,347 shares. 1,898 were reported by Redwood Ltd Limited Liability Company. 53,899 are owned by State Of Alaska Department Of Revenue. RBC Capital Markets maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Friday, December 15. Blackrock Inc., a New York-based fund reported 79,362 shares. Vetr lowered shares of Adobe Systems from a "strong-buy" rating to a "buy" rating and set a $198.52 price objective on the a research note on Monday, December 18th. Of Toledo Na Oh stated it has 0.08% in Adobe Systems Incorporated (NASDAQ:ADBE). Meyer Handelman reported 2,500 shares. Next Financial accumulated 1,564 shares.

Among 54 analysts covering (NASDAQ:AMZN), 50 have Buy rating, 0 Sell and 4 Hold. Workspace Group had 128 analyst reports since July 21, 2015 according to SRatingsIntel. Finally, Pivotal Research boosted their target price on Adobe Systems from $193.00 to $195.00 and gave the company a "hold" rating in a research note on Tuesday, January 23rd. On Wednesday, April 25 the stock rating was maintained by Barclays Capital with "Underweight". The stock has "Buy" rating by Jefferies on Thursday, October 19. The company was maintained on Thursday, August 31 by UBS. The company was maintained on Wednesday, October 11 by RBC Capital Markets. The firm has "Speculative Buy" rating by Beaufort Securities given on Thursday, April 14. M Partners maintained the stock with "Buy" rating in Tuesday, August 2 report. Bowen Hanes & invested in 0.28% or 73,166 shares. Its up 0.04, from 0.83 in 2017Q3. It fall, as 39 investors sold MSFT shares while 1012 reduced holdings. 168 funds opened positions while 667 raised stakes. It is positive, as 69 investors sold AMZN shares while 578 reduced holdings. 280.02 million shares or 0.09% more from 279.77 million shares in 2017Q3 were reported. Tdam Usa reported 117,089 shares. Tiemann Investment Advsrs Ltd Liability Company owns 2,430 shares for 0.34% of their portfolio. Ngam LP has invested 0.57% of its portfolio in Johnson & Johnson (NYSE:JNJ). Perhaps, that suggests something about why 0.35% of the outstanding share supply is held by institutional investors. Cypress Ltd Liability Corp has invested 0.08% in, Inc. Greenwood Gearhart holds 2.85% of its portfolio in Johnson & Johnson (NYSE:JNJ) for 64,039 shares.

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