Foundry Partners Llc who had been investing in Adobe Systems Inc for a number of months, seems to be less bullish one the $75.00B market cap company.
Short traders are more bearish on the company lately if you take into consideration the increase in short interest. About 1.35M shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges. It has outperformed by 25.59% the S&P500. The Average Volume of the company is 2.01 Million, while the Volume of the company in the last trading session was 2.37 Billion. The institutional investor held 56,178 shares of the apparel company at the end of 2017Q2, valued at $7.08 million, down from 59,505 at the end of the previous reported quarter. The firm has a market capitalization of $70.19 billion, a P/E ratio of 54.18 and a beta of 1.06. The stock rose 0.71% or $1.08 reaching $153.23. About 657,111 shares traded. It is down 42.49% since October 11, 2016 and is uptrending. As of the end of the quarter Osborn Rohs Williams & Donohoe Ltd had bought a total of 60 shares growing its stake by 1.8%.
Based on the latest notes released to investors, 13 analysts have issued a rating of "buy", 12 analysts "outperform", 4 analysts "hold", 0 analysts "underperform" and 1 analysts "sell". Therefore 79% are positive. On average, equities analysts expect that Adobe Systems Incorporated will post $3.95 earnings per share for the current year. The brokerage now has a buy rating on the software company's stock. The firm has "Buy" rating given on Wednesday, September 21 by UBS. The rating was maintained by Citigroup with "Buy" on Friday, March 18. The firm earned "Overweight" rating on Wednesday, August 17 by KeyBanc Capital Markets. The company was maintained on Tuesday, June 20 by Canaccord Genuity. In this case performance of tends to percentage rate of return for a stock for a given time frame. Six investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The rating was initiated by Stephens with "Overweight" on Wednesday, August 10. Cowen & Co maintained it with "Outperform" rating and $85 target in Wednesday, October 21 report. The company was maintained on Thursday, August 31 by Robert W. Baird.
Investors sentiment decreased to 1.04 in Q2 2017. It also upped Powershares Qqq Trust (Put) (QQQ) stake by 5,000 shares and now owns 30,000 shares. Pillar Pacific Capital Management Limited Liability Company invested 0.06% in Lam Research Corporation (NASDAQ:LRCX). Federated Investors Pa owns 579,699 shares or 0.24% of their U.S. portfolio. The MF Rank of Adobe Systems Incorporated (NasdaqGS:ADBE) is 5270. Whitnell And stated it has 700 shares. (NYSE:DG). San Francisco Sentry Investment Grp (Ca) reported 4,780 shares or 0.12% of all its holdings. Wells Fargo Mn accumulated 256,531 shares. Yhb Inv reported 1,525 shares or 0.04% of all its holdings. Livforsakringsbolaget Skandia Omsesidigt has 1,649 shares.
In other Adobe Systems news, Director Charles M. Geschke sold 25,000 shares of the stock in a transaction dated Thursday, July 13th. Connors Investor Services invested in 58,610 shares or 1.3% of the stock. Keybank Natl Association Oh reported 6,161 shares.
More notable recent Rockwell Collins, Inc.
06/21/2017 - Adobe Systems Incorporated had its "buy" rating reiterated by analysts at Bank of America Merrill Lynch. More interesting news about Adobe Systems Incorporated (NASDAQ:ADBE) were released by: "Seekingalpha.com and their article: "Adobe Moves Closer To Microsoft" published on September 21, 2017 as well as Investorplace.com's news article titled: "Adobe Systems Incorporated (ADBE) Stock Dips Are Opportunities â€" Go Long!" with publication date: "September 21, 2017. Its up 0.10, from 1 in 2017Q1. It is positive, as 49 investors sold Adobe Systems Incorporated shares while 326 reduced holdings. 240.50 million shares or 4.61% more from 229.90 million shares in 2017Q1 were reported. Finemark Commercial Bank And Trust accumulated 85,047 shares or 0.86% of the stock. Breton Hill Capital Ltd has 0.13% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Cetera Advisor Network Limited reported 4,485 shares stake. Scopus Asset Mngmt Ltd Partnership, New York-based fund reported 100,000 shares.
Adobe Systems (NASDAQ:ADBE) opened at 151.50 on Friday. The VC1 of Adobe Systems Incorporated (NasdaqGS:ADBE) is 73. Columbia Asset Mgmt reported 13,520 shares stake. 25,016 were accumulated by Raymond James Advsr. Adobe Systems Incorporated (NasdaqGS:ADBE) presently has a 10 month price index of 1.4601. Finally, CWH Capital Management Inc. acquired a new stake in shares of Adobe Systems in the 2nd quarter worth approximately $141,000.
09/20/2017 - Adobe Systems Incorporated had its "buy" rating reiterated by analysts at Stifel Nicolaus. BARING ASSET MANAGEMENT Ltd now owns 26,699 shares of the software company's stock worth $3,776,000 after buying an additional 2,864 shares during the period. It also increased its holding in Disney Walt Co (NYSE:DIS) by 8,370 shares in the quarter, for a total of 36,274 shares, and has risen its stake in Claymore Exchange Trd Fd Tr (CGW).
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