Adobe Systems Incorporated (NASDAQ:ADBE) Sellers Increased Their Shorts By 10.95% As Of Apr 17, 2018

April 17, 2018 - By Robert Reynolds

Adobe Systems Incorporated (NASDAQ:ADBE) Corporate Logo

During 2017 Q4 the big money sentiment decreased to 0.89. That’s change of 0.22, from 2017Q3’s 1.11. 47 investors sold all, 389 reduced holdings as Adobe Systems Incorporated ratio dived. 280 rose holdings while 107 funds acquired holdings. Funds hold 410.42 million shares thus 1.09% less from 2017Q3’s 414.95 million shares.
Janney Montgomery Scott Limited Liability Corp owns 10,040 shs. Confluence Wealth Management Ltd Co reported 0.12% in Adobe Systems Incorporated (NASDAQ:ADBE). First Citizens Bank & Trust & holds 0.21% or 8,853 shs in its capital. Perkins Coie Tru reported 800 shs or 0.07% of all its holdings. South Texas Money Mngmt holds 2.82% of its capital in Adobe Systems Incorporated (NASDAQ:ADBE) for 345,376 shs. First Natl Trust reported 1,297 shs. Meridian Investment Counsel owns 0.74% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 7,705 shs. Van Hulzen Asset Mgmt Lc, a California-based fund reported 1,200 shs. Sumitomo Mitsui Asset Mngmt Ltd holds 0.11% or 43,498 shs in its capital. Calamos Advsrs Lc has invested 0.05% of its capital in Adobe Systems Incorporated (NASDAQ:ADBE). Maverick Cap Ltd accumulated 2.19M shs. Howe Rusling reported 1.06% stake. Kdi Capital Ltd holds 2.94% of its capital in Adobe Systems Incorporated (NASDAQ:ADBE) for 42,214 shs. Conatus Mngmt L P has 2,115 shs. Fdx Advisors accumulated 0.19% or 39,498 shs.

Adobe Systems Incorporated registered $84.37 million net activity with 1 buying transaction and 16 sales since October 20, 2017. 2,940 shs were sold by Lewnes Ann, worth $658,148 on Thursday, March 22. 21,276 shs valued at $3.97M were sold by GESCHKE CHARLES M on Wednesday, January 10. 2,190 Adobe Systems Incorporated (NASDAQ:ADBE) shs with value of $379,784 were sold by THOMPSON MATTHEW. On Wednesday, January 24 Shares for $32.66M were sold by NARAYEN SHANTANU. On Wednesday, January 31 $1.26M worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by DILLON MICHAEL A. LAMKIN BRYAN sold $5.97M worth of Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, January 31.

Adobe Systems Incorporated (NASDAQ:ADBE) noted an increase of 10.95% in shares shorted. FINRA issued shares shorted of ADBE’s total 5.26M shares. Previously was reported up change of 10.95% from 4.74M shares. 1 days will cost ADBE With 4.73M average volume to recover its previous position. Adobe Systems Incorporated’s shares shorted float is 1.07%.

Its shares touched $226.52 on during the last trading session after 1.10% change.Currently Adobe Systems Incorporated is uptrending after 66.71% change in last April 17, 2017. ADBE has 1.68 million shares volume. The stock outperformed the S&P 500 by 55.16%.

Adobe Systems Incorporated operates as a diversified software firm worldwide.The company has $111.55 billion market cap. The Company’s Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content.60.42 is the P/E ratio. This segmentÂ’s flagship product is Creative Cloud, a subscription service that allows clients to download and install the latest versions of its creative products.

Adobe Systems Incorporated (NASDAQ:ADBE) Ratings Coverage

Total analysts of 24 have positions in Adobe Systems (NASDAQ:ADBE) as follows: 19 rated it a “Buy”, 0 with “Sell” and 5 with “Hold”. The positive are 79%. The firm has $270.0 highest while $170.0 is the lowest [Target]. The average target $231.14 is 2.04% above the last ($226.52) price. Since October 19, 2017 according to StockzIntelligence Inc Adobe Systems has 48 analyst reports. On Friday, March 16 JP Morgan maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating. JP Morgan has “Neutral” rating and $235 target. The stock rating was maintained by Bernstein with “Buy” on Tuesday, January 23. On Wednesday, October 25 the firm has “Buy” rating by Argus Research given. On Thursday, October 19 the rating was maintained by BMO Capital Markets with “Outperform”. On Thursday, October 19 the rating was maintained by Cowen & Co with “Buy”. On Thursday, March 15 the firm has “Overweight” rating by Barclays Capital given. The stock rating was upgraded by Pivotal Research to “Hold” on Thursday, October 19. On Thursday, October 19 the stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Buy” rating given by Bank of America. On Friday, December 15 the rating was maintained by Robert W. Baird with “Buy”. The stock rating was upgraded by DZ Bank to “Buy” on Tuesday, March 20.

Adobe Systems Incorporated (NASDAQ:ADBE) Analyst Ratings Chart

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