Adobe Systems Incorporated (NASDAQ:ADBE) Sees Unusual Trading Volume in Its Shares


As of the last earnings report the EPS was $3.18 and is expected to be $4.22 for the current year with 492,943,000 shares outstanding. Arrow Fincl stated it has 1,974 shares or 0.07% of all its holdings. The company had a trading volume of 239,205 shares. It has outperformed by 25.59% the S&P500. The institutional investor owned 13,362 shares of the software company's stock after selling 1,311 shares during the period.

For Adobe Systems Incorporated (ADBE) Wall Street analysts, on average, are forecasting the company's EPS to be $1.16, compared to $0.9 reported in the same quarter previous year. It is positive, as 49 investors sold ADBE shares while 326 reduced holdings. 117 funds opened positions while 294 raised stakes. With short interest at 4,639,093 and short average daily volume at 1,502,542, the short-interest ratio is 3.0 and the percentage of shorted shares is 0.01% as of August 31. Pensionfund Dsm Netherlands holds 0.76% or 83,800 shares in its portfolio.

Compagnie Lombard Odier SCmA lifted its position in Adobe Systems Incorporated (NASDAQ:ADBE) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned "Buy" rating by KeyBanc Capital Markets on Tuesday, September 26. Chemung Canal Tru holds 51,820 shares or 1.7% of its portfolio. 126,785 were reported by Northcoast Asset Mgmt Lc. Moreover, Winslow Evans And Crocker has 0% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 9,034 shares. Azimuth Limited Co reported 0.02% in Adobe Systems Incorporated (NASDAQ:ADBE). Gareth Morgan Lp accumulated 0.68% or 126,620 shares. Capital Inv Counsel Inc has invested 2.08% in Adobe Systems Incorporated (NASDAQ:ADBE). The fund owned 77,400 shares of the software company's stock after acquiring an additional 800 shares during the period. Nwi Mngmt LP accumulated 61,574 shares. Adobe Systems Incorporated has a 52-week low of $98.00 and a 52-week high of $157.89. Rnc Mgmt Limited Company holds 0.07% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 6,375 shares.

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Since May 10, 2017, it had 0 buys, and 2 sales for $614,410 activity. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has "Market Perform" rating given on Wednesday, January 11 by Wells Fargo.

State Of Tennessee Treasury Department increased Johnson & Johnson (NYSE:JNJ) stake by 44,466 shares to 2.12 million valued at $280.07 million in 2017Q2. It also reduced Tesoro Corp (NYSE:TSO) stake by 6,480 shares and now owns 18,961 shares. Vanguard Index Fds Mid Cap Etf (VO) was raised too. Canaccord Genuity reissued a "buy" rating and issued a $170.00 price target (up previously from $165.00) on shares of Adobe Systems in a report on Wednesday, September 20th. Therefore 79% are positive. The firm earned "Buy" rating on Wednesday, October 21 by Citigroup. The company was maintained on Wednesday, September 21 by RBC Capital Markets. As per Friday, December 11, the company rating was maintained by Wunderlich. The firm has "Buy" rating by Wunderlich given on Wednesday, June 21. Cowen & Co initiated Adobe Systems Incorporated (NASDAQ:ADBE) on Friday, June 24 with "Outperform" rating.

On September 6 analysts at Moffett Nathanson started coverage setting a rating of "Buy". As per Friday, March 24, the company rating was upgraded by Credit Suisse. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. The insider SANDVOLD TORE I sold $349,100. $207,339 worth of stock was sold by Capossela Christopher C on Tuesday, May 16. The stock was sold at an average price of $150.00, for a total value of $1,500,000.00.

Wheeler Real Estate Investment Trust, Inc. (WHLR) Under Analyst Spotlight
Mizuho reaffirmed a "buy" rating and set a $36.00 target price on shares of Healthcare Trust of America in a report on Wednesday. Investors are a little more bearish on Wheeler Real Estate Investment recently as shown by the increase in short interest.

Since June 1, 2017, it had 0 buys, and 1 sale for $3.66 million activity.

Investors sentiment decreased to 0.88 in 2017 Q2. Its down 0.02, from 0.84 in 2017Q1. As of quarter end Next Financial Group, Inc had disposed of 340 shares trimming its holdings by 20.3%. 132 funds opened positions while 703 raised stakes. Price T Rowe Associates Incorporated Md invested in 0% or 127,716 shares. 4,438 were reported by Syntal Prtnrs Ltd. Ahl Ptnrs Ltd Liability Partnership invested in 0.1% or 32,597 shares. Plante Moran Limited Liability owns 623 shares or 0.06% of their U.S. portfolio. Connors Investor Serv Incorporated accumulated 1.3% or 58,610 shares. Van Cleef Asset Managementinc acquired 31,260 shares as Schlumberger Ltd (SLB)'s stock declined 11.04%. The stock declined 2.21% or $3.25 reaching $143.71 per share. Diligent Invsts Llc owns 63,487 shares. The Firm provides pharmacy care for the senior community through Omnicare, Inc. and Omnicare's long-term care (LTC) operations, which include distribution of pharmaceuticals, related pharmacy consulting and other ancillary services to chronic care facilities and other care settings. Advantus Mngmt Inc invested in 1.41% or 779,056 shares. 404,930 were reported by Natl Pension Ser. Ferguson Wellman Mgmt Inc accumulated 0.66% or 124,876 shares. Huntington Commercial Bank reported 19,909 shares. The Alaska-based State Of Alaska Department Of Revenue has invested 0.02% in Wynn Resorts, Limited (NASDAQ:WYNN).

Among 34 analysts covering Microsoft Corporation (NASDAQ:MSFT), 28 have Buy rating, 2 Sell and 4 Hold. Therefore 89% are positive. Nike Inc. had 187 analyst reports since July 29, 2015 according to SRatingsIntel. Citigroup upgraded Microsoft Corporation (NASDAQ:MSFT) on Friday, January 27 to "Neutral" rating.

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In other Adobe Systems news, Director Charles M. Geschke sold 25,000 shares of the firm's stock in a transaction that occurred on Thursday, July 13th. On Friday, November 6 the stock rating was maintained by RBC Capital Markets with "Sector Perform". Oppenheimer maintained CVS Health Corp (NYSE:CVS) on Friday, August 28 with "Outperform" rating. The firm has "Buy" rating given on Tuesday, December 8 by Deutsche Bank. Stifel Nicolaus maintained Microsoft Corporation (NASDAQ:MSFT) rating on Monday, August 21. KeyBanc Capital Markets has "Buy" rating and $16.0 target. BMO Capital Markets maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Tuesday, August 22.