Investors Sell Shares of Adobe Systems Incorporated (ADBE) on Strength (ADBE)

Joanna Estrada
November 14, 2017

Adobe Systems Incorporated (ADBE)'s RSI (Relative strength index) is at 69.47, its ATR (Average True Range) value is 3.36, while its Beta factor was calculated at 1.05. Deltec Asset Management LLC now owns 39,986 shares of the software company's stock worth $5,965,000 after acquiring an additional 800 shares in the last quarter. BMO Capital Markets maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Thursday, June 8 with "Buy" rating. If the $0.86 price target is reached, the company will be worth $2.14M less. The company has 493.49 Million shares outstanding and 491.01 Million shares were floated in market. "Reduces Position in Adobe Systems Incorporated (ADBE)" was reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. It has outperformed by 25.59% the S&P500. Finally, Pivotal Research raised Adobe Systems from a "sell" rating to a "hold" rating and upped their target price for the company from $118.00 to $160.00 in a research report on Wednesday, October 18th. Therefore 0 are positive. The stock of Sterling Construction Company, Inc. The firm earned "Buy" rating on Tuesday, October 31 by Canaccord Genuity. Argus Research maintained the stock with "Buy" rating in Wednesday, August 17 report. On Thursday, August 20 the stock rating was downgraded by Zacks to "Buy". The rating was upgraded by DA Davidson to "Buy" on Monday, May 9.

Dover Downs Gaming & Entertainment, a holding company. The stock increased 0.14% or $0.2 during the last trading session, reaching $139.76. About 251,197 shares traded. Sterling Construction Company, Inc. (NYSE:DDE) has risen 8.57% since November 13, 2016 and is uptrending. It has outperformed by 40.38% the S&P500. The company has market cap of $89.67 billion. It has a 420.09 P/E ratio. The Company's water infrastructure projects include water, wastewater and storm drainage systems.

Investors sentiment increased to 1.1 in Q2 2017. Its down 0.86, from 1.86 in 2017Q1. The value in dollars increased from $28,772,000 to $32,037,000 a change of 11.3% quarter over quarter. 2 funds opened positions while 7 raised stakes. Principal Gru Incorporated invested in 0% or 99,301 shares. Susquehanna Interest Group Limited Liability Partnership reported 142,700 shares or 0% of all its holdings. Geode Mgmt Ltd Llc accumulated 30,139 shares or 0% of the stock. Mar Vista Investment Prtnrs Llc, California-based fund reported 586,956 shares. Art Limited Company holds 0.12% or 51,000 shares in its portfolio. Tpg Group Inc Hldgs (Sbs) Advisors invested in 27,582 shares. Vantage Invest Advsr Llc reported 26,898 shares. Acadian Asset Management has invested 0% in Dover Downs Gaming & Entertainment, Inc. Harvey Mgmt reported 30,000 shares stake. The Netherlands-based Bedrijfstakpensioenfonds Voor De Media Pno has invested 0.82% in Johnson & Johnson (NYSE:JNJ). Standard Life Invs Ltd stated it has 127,798 shares. State Street Corp now owns 19,516,573 shares of the software company's stock valued at $2,539,679,000 after acquiring an additional 234,270 shares during the period.

Investors sentiment decreased to 1 in 2017 Q2. Its up 0.10, from 1 in 2017Q1.

A number of other institutional investors have also recently modified their holdings of the stock. First Manhattan Commerce reported 250 shares or 0% of all its holdings. Moreover, Jefferies Grp Lc has 0.04% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 40,268 shares. Glenmede Na accumulated 67,359 shares. The correct version of this story can be read at adobe-systems-inc-adbe-issues-q1-earnings-guidance/1230702/. Aviva Plc, a United Kingdom-based fund reported 312,394 shares.

A total of 1.48 Billion shares exchanged at hands and its average trading volume is standing at 2.6 Million shares. The company's revenue was up 25.8% on a year-over-year basis. equities analysts forecast that Adobe Systems Incorporated will post 3.46 EPS for the current year. Renaissance Technologies Limited Co owns 521,100 shares. Following the completion of the transaction, the director now directly owns 16,088 shares of the company's stock, valued at $2,802,529.60. Bb&T Limited Liability Company accumulated 16,825 shares. Therefore 79% are positive. Stephens initiated coverage on shares of Adobe Systems in a report on Wednesday, August 10th.

October 19 investment analysts at J P Morgan Chase & Co made no change to the stock rating of "Buy" targeting a price of $185.00. The company was maintained on Thursday, August 31 by Robert W. Baird. The stock has "Buy" rating by UBS on Wednesday, June 22. On Friday, March 18 the stock rating was maintained by Credit Suisse with "Neutral". The company was maintained on Wednesday, September 21 by RBC Capital Markets. Adobe Systems has $217 highest and $10 lowest target. Ebay Inc (NASDAQ:EBAY) was raised too.

Adobe Systems Incorporated (ADBE) has an Analysts' Mean Recommendation of 1.8.

Having a look at a company's recent Earnings per Share (EPS) performance is a useful way of understanding its profitability. ADBE's profit will be $474.23 million for 47.26 P/E if the $0.96 EPS becomes a reality. The software company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.03.

Since May 15, 2017, it had 3 insider purchases, and 0 insider sales for $3.37 million activity.

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