Published: Wed, June 21, 2017
Business | By Max Garcia

Adobe Up 4% on FYQ2 Beat, Higher Q3 View

Guggenheim reiterated a buy rating and issued a $155.00 price target on shares of Adobe Systems in a report on Tuesday, April 18th.

Adobe Systems Incorporated is a software company. The stock has "Sell" rating by Pivotal Research on Monday, June 12.

Among 15 analysts covering Teladoc Inc (NYSE:TDOC), 12 have Buy rating, 0 Sell and 3 Hold. The firm has "Buy" rating given on Thursday, January 14 by Dougherty & Company.

Shares of Adobe Systems (NASDAQ:ADBE) traded up 0.40% on Tuesday, reaching $140.91. Insiders sold a total of 28,932 shares of company stock worth $3,789,736 over the last three months. The company's 50 day moving average price is $138.74 and its 200 day moving average price is $123.07. The company has market cap of $71.48 billion. Adobe Systems also saw unusually large options trading activity on Thursday. Investors acquired 438 put options on the company. This represents an increase of approximately 152% compared to the typical daily volume of 174 put options.

Let's have a look at some of the important valuation ratios of the Adobe Systems Incorporated (ADBE).

Analysts had been modeling $1.73 billion and 95 cents per share. Adobe Systems had a net margin of 21.34% and a return on equity of 18.69%. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period past year, the company posted $0.71 earnings per share.

Adobe Experience Cloud achieved record revenue of $495 million for the quarter, a 29 percent growth from previous year. Sumitomo Mitsui Trust Inc holds 0.24% or 1.41M shares in its portfolio.

TRADEMARK VIOLATION NOTICE: This report was originally published by Stock Observer and is the sole property of of Stock Observer. If you are accessing this piece on another site, it was illegally copied and republished in violation of US and global trademark & copyright legislation. Moreover, Jensen Management Incorporated has 0.1% invested in Adobe Systems Incorporated (NASDAQ:ADBE). $303,375 worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by Lewnes Ann on Wednesday, May 10. As a stock trades within its 52-week price range (the range that exists between the 52-week low and the 52-week high), shareholders may show raised interest as price nears either the high or the low. The shares were sold at an average price of $125.00, for a total value of $279,125.00. Insiders own 0.38% of the company's stock. The disclosure for this sale can be found here. WARNOCK JOHN E had sold 5,000 shares worth $536,405 on Tuesday, January 17. Glg invested in 19,756 shares or 0.14% of the stock.

A number of institutional investors have recently made changes to their positions in ADBE. Spectrum Management Group Inc reported 9,975 shares. Washington Trust Bank boosted its stake in shares of Adobe Systems by 13.8% in the first quarter. BTIM Corp. now owns 6,698 shares of the software company's stock worth $872,000 after buying an additional 162 shares in the last quarter. Banc Funds Co Llc, a Illinois-based fund reported 26,216 shares. Alpha One also assigned media stories about the software company an impact score of 81 out of 100, indicating that recent media coverage is very likely to have an impact on the company's share price in the next few days. Following the sale, the executive vice president now directly owns 66,410 shares in the company, valued at $8,630,643.60. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since June 20, 2016 and is uptrending. Factors that might cause or contribute to such differences include, but are not limited to: failure to develop, market and offer products and services that meet customer requirements, introduction of new products, services and business models by competitors, fluctuations in subscription renewal rates, failure to successfully manage transitions to new business models and markets, uncertainty in economic conditions and the financial markets, complex and unpredictable sales cycles for some enterprise offerings, risks associated with cyber-attacks and information security, potential interruptions or delays in hosted services provided by us or third parties, changes in accounting principles, and failure to realize the anticipated benefits of past or future acquisitions.

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