Published: Wed, June 07, 2017
Hi-Tech | By Ellis Neal

Stock under Discussion: Adobe Systems Inc (NASDAQ:ADBE)


Saturna Capital Corp sold 209,200 shares as the company's stock rose 14.01% with the market. Signature Estate & Investment Advisors LLC purchased a new position in Adobe Systems during the first quarter valued at $113,000. Adobe Sys Inc now has $71.29 billion valuation. The stock has been active on the tape, now trading at $143.59, up from yesterday's close by 0.08%.

Shares of Adobe Systems Incorporated (NASDAQ:ADBE) traded up 0.14% during midday trading on Wednesday, hitting $143.23. It has outperformed by 25.59% the S&P500.

Quentec Asset Management Llc increased Netflix Inc (Put) (NFLX) stake by 72.21% reported in 2016Q4 SEC filing. Arcadia Mgmt Mi owns 31,231 shares or 1.05% of their U.S. portfolio. It closed at $43.73 lastly. ASML Holding NV (ADR) (NASDAQ:ASML) has risen 44.52% since June 7, 2016 and is uptrending. It has outperformed by 53.10% the S&P500. Adobe Systems Incorporated (NASDAQ:ADBE) distance from 50-day simple moving average (SMA50) is 7.40%. Therefore 81% are positive. The rating was maintained by RBC Capital Markets on Friday, December 11 with "Outperform". On Wednesday, July 22 the stock rating was maintained by RBC Capital Markets with "Sector Perform". Cowen and Company set a $140.00 price objective on Adobe Systems and gave the company a "buy" rating in a research report on Saturday, March 11th. The firm has "Hold" rating given on Tuesday, December 8 by Santander. The firm earned "Buy" rating on Wednesday, September 21 by Pivotal Research. Bernstein maintained the shares of ADBE in report on Friday, March 18 with "Outperform" rating. The rating was maintained by Wunderlich with "Hold" on Friday, December 11.

In other Adobe Systems news, Director Charles M. Geschke sold 59,550 shares of Adobe Systems stock in a transaction dated Monday, March 20th. It worsened, as 57 investors sold Adobe Systems Incorporated shares while 287 reduced holdings.

Moving toward the volatility measures, the price volatility of stock was 9.98% for a week and 10.60% for a month as well as price volatility's Average True Range for 14 days was 0.09. ROWLEY RICHARD had sold 1,348 shares worth $145,760 on Friday, January 6. NARAYEN SHANTANU sold 173,703 shares worth $19.79 million. Davy Asset Limited has invested 0.14% in Adobe Systems Incorporated (NASDAQ:ADBE).

Investors sentiment decreased to 1.02 in Q4 2016. ADBE has a 1-week performance of 0.44%. $2.61M worth of Adobe Systems Incorporated (NASDAQ:ADBE) shares were sold by LAMKIN BRYAN. State Street Corp raised its position in Adobe Systems by 2.6% in the fourth quarter. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 0.95% with $493.06 Million sitting short, betting on future declines. They expect $0.22 earnings per share, down 66.15% or $0.43 from last year's $0.65 per share. Aqr Ltd Limited Liability Company invested 0.1% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). 21,984 are held by Huntington Fincl Bank. Tompkins holds 400 shares or 0.01% of its portfolio. Pittenger & Anderson Incorporated stated it has 1,400 shares. Greenwich Wealth Limited Liability Com reported 2,170 shares. Main Street Research Limited Liability reported 2,543 shares. Strs Ohio accumulated 0.13% or 241,052 shares.

Saturna Capital Corp decreased its stake in Adobe Systems (ADBE) by 25.06% based on its latest 2016Q4 regulatory filing with the SEC. THOMPSON MATTHEW had sold 55,000 shares worth $6.26M on Tuesday, January 24.

Adobe Systems (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, March 16th.

Stock has got outperform rating from 1 analyst of Thomson Reuters whereas 3 analysts given hold rating to the stock. LYTTLE CATHERINE M sold $85,182 worth of stock. They expect $0.71 earnings per share, up 1.43% or $0.01 from last year's $0.7 per share.

Ratings analysis reveals 0 of Teradata's analysts are positive. Of the 11 vendors Forrester invited to participate in the report, Adobe was recognized as a leader in an evaluation of 36 criteria, including current offering, product strategy and market presence. The firm earned "Perform" rating on Wednesday, September 2 by Oppenheimer. The stock of Worthington Industries, Inc.

04/13/2017 - Guggenheim began new coverage on Adobe Systems Incorporated giving the company a "buy" rating. UBS upgraded the shares of ASML in report on Friday, March 10 to "Buy" rating. The rating was maintained by JP Morgan with "Neutral" on Thursday, April 7. (NYSE:WOR) on Thursday, March 30 with "Sell" rating. The company was downgraded on Tuesday, April 19 by Susquehanna. The rating was upgraded by Bank of America on Tuesday, September 8 to "Neutral".

Quentec Asset Management Llc decreased Himax Technologies Inc (NASDAQ:HIMX) stake by 1.66 million shares to 699,831 valued at $4.23 million in 2016Q4. It also upped Ryman Hospitality Pptys Inc (NYSE:RHP) stake by 8,754 shares and now owns 20,467 shares.

Investors sentiment increased to 1.08 in Q4 2016. Its down 0.13, from 1.15 in 2016Q3. It increased, as 38 investors sold BLK shares while 294 reduced holdings. 120 funds opened positions while 190 raised stakes. Crestwood Capital Management L.P., a New York-based fund reported 152,475 shares. Evercore Wealth Ltd Liability reported 1.11% of its portfolio in BlackRock, Inc. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Mgmt holds 0.01% or 14,700 shares in its portfolio. If The AES Corporation (NYSE:AES) shares can stay above the price resistance around $12.05 a share, that could help propel The AES Corporation (NYSE:AES) higher to the next line of resistance at $12.19 a share. California State Teachers Retirement Sys holds 92,882 shares. (NYSE:WOR). Sandy Spring Commercial Bank owns 230 shares.

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