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


The company has market cap of $8.62 billion.

The company showed 0.51 diluted EPS growth for trailing twelve months. The shares were sold at an average price of $149.38, for a total value of $1,867,250.00. General Motors Company (NYSE:GM) has risen 7.92% since October 19, 2016 and is uptrending. It has underperformed by 16.70% the S&P500. The legal version of this article can be viewed at Institutional investors own 87.49% of the company's stock.

The price increases on Adobe's Creative Cloud services demonstrate the company's pricing power, Zukin said. The stock rose 11.56% or $17.69 reaching $170.69 per share. It has outperformed by 25.59% the S&P500.

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Adobe Systems Incorporated was covered by a number of analysts recently, 12 rated the stock as Buy, 5 rated Hold, 1 rated sell and 0 gave an Underperform. Therefore 17% are positive. Adobe Systems had 116 analyst reports since August 11, 2015 according to SRatingsIntel. Goldman Sachs maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, March 9 with "Neutral" rating.

The P/E of Adobe Systems Incorporated is now valued at 48.13 allowing its investors to analyze the company's stock valuation and its shares relative to the income of the company that it makes. Pivotal Research maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Friday, December 11. On Friday, September 15 the stock rating was downgraded by Credit Suisse to "Hold". Robert W. Baird upgraded the shares of ADBE in report on Tuesday, August 25 to "Neutral" rating.

Adobe Systems ( ADBE ) stock rocketed to a record high on Thursday in the wake of the company's bullish 2018 forecast.

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"Adobe's vision has never been more clear or more relevant - to empower people and businesses to design and deliver incredible digital experiences", Narayen said in a news release.

A sudden increase in a stock's activity can be a sign that investors are trading in anticipation of a catalyst, or that investors feel very strongly in one way or the other about the future direction of a stock. Its up 0.10, from 1 in 2017Q1. Bbva Compass National Bank Incorporated invested in 0.05% or 5,085 shares. 117 funds opened positions while 294 raised stakes. In total, 3.93 M shares exchanged hands for about $601.90 million. State Street Corp invested in 0% or 788,032 shares. Lewnes Ann sold $311,035 worth of Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, June 14. Dana Advsr Inc invested 0.33% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Keybank Natl Association Oh reported 19,628 shares or 0.02% of all its holdings.

Currently, 0.30% shares of Sabre Corporation (NASDAQ:SABR) are owned by insiders with -28.65% six-month change in the insider ownership. The monthly stock performance comes in at -2.77%. Profund Advsrs Llc reported 0.28% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Alphamark has invested 0.27% in Adobe Systems Incorporated (NASDAQ:ADBE). Retail Bank Of Hawaii stated it has 4,330 shares. Navellier And Assoc reported 20,763 shares. Altavista Wealth reported 1,825 shares. (NYSE:WCG) to report earnings on November, 7. During the same period past year, the firm posted $0.75 earnings per share. GM's profit will be $1.57B for 10.47 P/E if the $1.08 EPS becomes a reality.

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Investors sentiment decreased to 1.02 in 2017 Q2. Its up 0.32, from 0.93 in 2017Q1. It dived, as 75 investors sold GM shares while 286 reduced holdings. 46 funds opened positions while 90 raised stakes. (NYSE:HF). Wells Fargo And Company Mn holds 0.01% or 888,008 shares. Brave Asset Management Inc accumulated 3,102 shares or 0.23% of the stock. Boyd Watterson Asset Limited Liability Com Oh holds 0.48% or 27,000 shares. Kiltearn Partners Llp, a United Kingdom-based fund reported 258,580 shares. Palisades Hudson Asset Mgmt L P holds 0.19% or 2,338 shares. Barclays Public Ltd Co holds 0% of its portfolio in Cabot Corp (NYSE:CBT) for 34,169 shares. Da Davidson invested 0.01% in HFF, Inc. 98,328 were accumulated by Cornerstone Management Limited Liability Company. The stock share price dropped -0.55% comparing to its 20-day moving average. The average investment recommendation on a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell) is 1.90, which implies that analysts are generally bullish in their outlook for ADBE over the next year. Therefore 20% are positive. A buy rating is a recommendation to purchase a specific security. Dougherty & Company initiated the stock with "Buy" rating in Thursday, January 14 report. If this does not hold, there is a possibility that ADBE's P/E is higher because firms in our peer group are being undervalued by the market. The rating was maintained by RBC Capital Markets with "Outperform" on Wednesday, February 8. On Thursday, September 21 the stock rating was maintained by Morgan Stanley with "Overweight". Piper Jaffray has "Overweight" rating and $41 target.