Adobe Systems (ADBE) EPS Estimated At $0.96; Ccm Investment Advisers Has Upped Medtronic Plc (MDT) Position

December 6, 2017 - By Stephen Andrade

Analysts expect Adobe Systems Incorporated (NASDAQ:ADBE) to report $0.96 EPS on December, 21.They anticipate $0.13 EPS change or 15.66% from last quarter’s $0.83 EPS. ADBE’s profit would be $473.23M giving it 43.63 P/E if the $0.96 EPS is correct. After having $0.90 EPS previously, Adobe Systems Incorporated’s analysts see 6.67% EPS growth. The stock decreased 0.53% or $0.9 during the last trading session, reaching $167.54. About 4.70M shares traded or 63.83% up from the average. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since December 6, 2016 and is uptrending. It has outperformed by 25.59% the S&P500.

Ccm Investment Advisers Llc increased Medtronic Plc (MDT) stake by 4.87% reported in 2017Q2 SEC filing. Ccm Investment Advisers Llc acquired 5,400 shares as Medtronic Plc (MDT)’s stock rose 5.51%. The Ccm Investment Advisers Llc holds 116,319 shares with $10.32M value, up from 110,919 last quarter. Medtronic Plc now has $109.53B valuation. The stock increased 1.31% or $1.05 during the last trading session, reaching $80.92. About 5.39 million shares traded. Medtronic plc (NYSE:MDT) has risen 4.04% since December 6, 2016 and is uptrending. It has underperformed by 12.66% the S&P500.

Among 27 analysts covering Medtronic (NYSE:MDT), 17 have Buy rating, 0 Sell and 10 Hold. Therefore 63% are positive. Medtronic had 74 analyst reports since August 10, 2015 according to SRatingsIntel. The stock of Medtronic plc (NYSE:MDT) earned “Buy” rating by Oppenheimer on Monday, June 26. The stock of Medtronic plc (NYSE:MDT) has “Outperform” rating given on Tuesday, September 29 by RBC Capital Markets. UBS maintained the stock with “Buy” rating in Friday, August 26 report. The stock of Medtronic plc (NYSE:MDT) earned “Neutral” rating by Bank of America on Tuesday, January 3. On Friday, August 26 the stock rating was maintained by Jefferies with “Buy”. The firm earned “Neutral” rating on Wednesday, June 1 by Wedbush. The stock has “Outperform” rating by William Blair on Thursday, July 6. The firm has “Buy” rating by Cowen & Co given on Tuesday, August 22. The firm has “Hold” rating by Northland Capital given on Friday, April 21. The rating was reinitiated by Credit Suisse with “Outperform” on Monday, August 10.

Investors sentiment decreased to 0.9 in Q2 2017. Its down 0.06, from 0.96 in 2017Q1. It worsened, as 72 investors sold MDT shares while 449 reduced holdings. 99 funds opened positions while 370 raised stakes. 1.06 billion shares or 2.23% less from 1.08 billion shares in 2017Q1 were reported. Cue Financial Gru has invested 0.33% in Medtronic plc (NYSE:MDT). Drexel Morgan & reported 17,157 shares or 1.56% of all its holdings. Calamos Limited Liability, a Illinois-based fund reported 381,465 shares. Ledyard Financial Bank reported 70,266 shares. Gulf State Bank (Uk) invested in 0.55% or 434,219 shares. 429,873 are held by Los Angeles Cap Mngmt & Equity Research. Tdam Usa, a Ontario – Canada-based fund reported 119,229 shares. Sns Finance Group Lc holds 0.19% of its portfolio in Medtronic plc (NYSE:MDT) for 7,853 shares. Oppenheimer Asset reported 46,055 shares stake. Shelter Mutual Ins Company invested 2.99% in Medtronic plc (NYSE:MDT). Olstein Mgmt LP holds 1.03% or 91,150 shares in its portfolio. State Farm Mutual Automobile Insur Co invested in 3.34 million shares. Penobscot Investment Inc invested in 0.18% or 6,305 shares. Da Davidson And stated it has 84,553 shares. Carroll Fincl Associate Inc invested in 0.16% or 14,708 shares.

Ccm Investment Advisers Llc decreased Visa Inc. (NYSE:V) stake by 5,049 shares to 123,525 valued at $11.58 million in 2017Q2. It also reduced Cardinal Health Inc. (NYSE:CAH) stake by 26,010 shares and now owns 8,250 shares. Alphabet Inc. Class A was reduced too.

Investors sentiment increased to 1.1 in 2017 Q2. Its up 0.10, from 1 in 2017Q1. It is positive, as 49 investors sold Adobe Systems Incorporated shares while 326 reduced holdings. 117 funds opened positions while 294 raised stakes. 418.45 million shares or 0.88% less from 422.18 million shares in 2017Q1 were reported. 247,814 are held by Aperio Gru. Fukoku Mutual Life owns 7,740 shares for 0.16% of their portfolio. Argent Tru holds 0.1% or 2,637 shares in its portfolio. Northcoast Asset Ltd Liability Com holds 2.07% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 126,785 shares. Veritable L P accumulated 24,547 shares. Moreover, Btim Corporation has 0.02% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Fjarde Ap invested 0.33% in Adobe Systems Incorporated (NASDAQ:ADBE). Stephens Investment Mgmt Grp Lc reported 395 shares or 0% of all its holdings. Clinton Gru holds 0.04% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 2,904 shares. Spirit Of America Mngmt Corp has 0.06% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 4,200 shares. Ashmore Wealth Ltd Llc reported 3.09% in Adobe Systems Incorporated (NASDAQ:ADBE). Chevy Chase Trust Hldgs, a Maryland-based fund reported 433,738 shares. The Connecticut-based Conning has invested 0.06% in Adobe Systems Incorporated (NASDAQ:ADBE). Portolan Capital Management Lc invested 0.54% in Adobe Systems Incorporated (NASDAQ:ADBE). Tiger Eye Limited Liability Company invested in 124,172 shares or 2.97% of the stock.

Since June 14, 2017, it had 0 insider buys, and 1 sale for $311,035 activity. Another trade for 2,233 shares valued at $311,035 was made by Lewnes Ann on Wednesday, June 14.

Adobe Systems Incorporated operates as a diversified software firm worldwide. The company has market cap of $82.59 billion. The Company’s Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content. It has a 52.67 P/E ratio. This segmentÂ’s flagship product is Creative Cloud, a subscription service that allows clients to download and install the latest versions of its creative products.

Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 30 have Buy rating, 0 Sell and 8 Hold. Therefore 79% are positive. Adobe Systems had 125 analyst reports since August 11, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, June 20 by BMO Capital Markets. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Outperform” rating given on Wednesday, September 21 by RBC Capital Markets. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Outperform” rating given on Friday, June 24 by Cowen & Co. Pivotal Research upgraded the stock to “Hold” rating in Thursday, October 19 report. On Friday, March 17 the stock rating was upgraded by Wunderlich to “Buy”. The firm has “Buy” rating by Piper Jaffray given on Monday, October 16. Goldman Sachs maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Friday, March 18. Goldman Sachs has “Neutral” rating and $100 target. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Outperform” rating given on Friday, March 18 by Bernstein. The stock has “Buy” rating by Piper Jaffray on Sunday, August 6. Wunderlich maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Friday, December 11 with “Hold” rating.