Could Adobe Systems Incorporated (NASDAQ:ADBE) Skyrocket? The Stock Has Too Many Sellers

October 12, 2017 - By Adrian Mccoy

 Could Adobe Systems Incorporated (NASDAQ:ADBE) Skyrocket? The Stock Has Too Many Sellers

Investors sentiment increased to 1.1 in Q2 2017. Its up 0.10, from 1 in 2017Q1. It improved, as 49 investors sold Adobe Systems Incorporated shares while 326 reduced holdings. 117 funds opened positions while 294 raised stakes. 418.45 million shares or 0.88% less from 422.18 million shares in 2017Q1 were reported.
Omers Administration Corp stated it has 0.03% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Aspiriant owns 2,554 shares for 0.03% of their portfolio. Decatur Capital Mngmt Incorporated owns 2.07% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 69,473 shares. Fifth Third Comml Bank reported 0.02% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Moreover, Fincl Counselors has 0.08% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Illinois-based Gofen & Glossberg Ltd Com Il has invested 0.14% in Adobe Systems Incorporated (NASDAQ:ADBE). Glob Thematic Ptnrs Limited Com stated it has 0.66% in Adobe Systems Incorporated (NASDAQ:ADBE). Moreover, Regions Fin Corporation has 0.04% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Vontobel Asset accumulated 190,260 shares. Hanson Mcclain owns 186 shares. First Natl Bank Of Omaha reported 0.47% stake. Schwab Charles Mgmt stated it has 0.21% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Moreover, Lazard Asset Mgmt Limited Liability Company has 0.04% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Dekabank Deutsche Girozentrale has 0.19% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 166,036 shares. Covington Capital Management holds 0.05% or 4,574 shares.

Since May 10, 2017, it had 0 insider purchases, and 2 insider sales for $614,410 activity.

The stock of Adobe Systems Incorporated (NASDAQ:ADBE) registered an increase of 2.39% in short interest. ADBE’s total short interest was 4.64M shares in October as published by FINRA. Its up 2.39% from 4.53 million shares, reported previously. With 1.50 million shares average volume, it will take short sellers 3 days to cover their ADBE’s short positions. The short interest to Adobe Systems Incorporated’s float is 0.94%.

About 797,736 shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since October 12, 2016 and is uptrending. It has outperformed by 25.59% the S&P500.

Adobe Systems Incorporated is a software company. The company has market cap of $76.27 billion. The Firm offers services and products used by professionals, marketers, knowledge workers, application developers, enterprises and clients for creating, managing, delivering, measuring, optimizing and engaging with compelling content and experiences. It has a 48.68 P/E ratio. It operates through three divisions: Digital Media, Digital Marketing, and Print and Publishing.

Adobe Systems Incorporated (NASDAQ:ADBE) Ratings Coverage

Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 30 have Buy rating, 1 Sell and 7 Hold. Therefore 79% are positive. Adobe Systems had 107 analyst reports since August 11, 2015 according to SRatingsIntel. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Neutral” rating given on Wednesday, September 21 by Credit Suisse. BMO Capital Markets maintained it with “Buy” rating and $165.0 target in Monday, September 25 report. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Overweight” rating given on Tuesday, July 26 by Piper Jaffray. The company was maintained on Wednesday, October 7 by Susquehanna. The firm has “Buy” rating given on Thursday, June 8 by BMO Capital Markets. As per Wednesday, September 21, the company rating was maintained by Pivotal Research. The stock has “Buy” rating by Wunderlich on Wednesday, June 21. Canaccord Genuity maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Tuesday, August 22 with “Buy” rating. The stock has “Buy” rating by Piper Jaffray on Sunday, August 6. The stock has “Hold” rating by Wunderlich on Friday, December 11.

More notable recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Investorplace.com which released: “3 Big Stocks for Wednesday: American Airlines Group Inc (AAL), Adobe Systems …” on September 27, 2017, also Seekingalpha.com with their article: “Adobe First Look: Another Beat, What’s New?” published on September 19, 2017, Investorplace.com published: “Buy Adobe Systems Incorporated (ADBE) Stock on This Irrational Selloff” on October 11, 2017. More interesting news about Adobe Systems Incorporated (NASDAQ:ADBE) were released by: Investorplace.com and their article: “Adobe Systems Incorporated (ADBE) Stock Dips Are Opportunities — Go Long!” published on September 21, 2017 as well as Investorplace.com‘s news article titled: “3 Stocks to Watch on Wednesday: Adobe Systems Incorporated (ADBE), Bed Bath …” with publication date: September 20, 2017.

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