In today’s session Adobe Systems Incorporated (ADBE) registered an unusually high (715) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious ADBE increase. With 715 contracts traded and 22754 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: ADBE170120C00110000 closed last at: $5.2 or 5.1% up. About 154,760 shares traded hands. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 25.92% since March 9, 2016 and is uptrending. It has outperformed by 18.50% the S&P500.
Adobe Systems Incorporated (NASDAQ:ADBE) Ratings Coverage
Out of 31 analysts covering Adobe Systems (NASDAQ:ADBE), 24 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 77% are positive. $130 is the highest target while $70 is the lowest. The $108.47 average target is 0.64% above today’s ($107.78) stock price. Adobe Systems has been the topic of 61 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The company was maintained on Wednesday, September 21 by Morgan Stanley. UBS maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Wednesday, June 22. UBS has “Buy” rating and $122 price target. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Outperform” rating by RBC Capital Markets on Friday, December 11. The firm has “Buy” rating by Pivotal Research given on Wednesday, September 21. On Thursday, January 14 the stock rating was initiated by Dougherty & Company with “Buy”. As per Tuesday, September 8, the company rating was upgraded by Vetr. RBC Capital Markets maintained the shares of ADBE in a report on Friday, March 18 with “Outperform” rating. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Mkt Perform” rating by FBR Capital on Wednesday, October 7. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Neutral” rating given on Wednesday, January 6 by Credit Suisse. The firm has “Perform” rating by Oppenheimer given on Wednesday, September 2.
According to Zacks Investment Research, “Adobe Systems Incorporated is a provider of graphic design, publishing, and imaging software for Web and print production. It offers a market-leading line of application software products for creating, distributing, and managing information of all types. The company license its industry-standard technologies to major hardware manufacturers, software developers, and service providers, and offer integrated software solutions to businesses of all sizes.”
Insitutional Activity: The institutional sentiment decreased to 1 in 2016 Q2. Its down 0.10, from 1.1 in 2016Q1. The ratio worsened, as 65 funds sold all Adobe Systems Incorporated shares owned while 263 reduced positions. 71 funds bought stakes while 257 increased positions. They now own 421.89 million shares or 4.58% less from 442.13 million shares in 2016Q1.
Moreover, Louisiana State Employees Retirement System has 0.17% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 32,800 shares. Eton Park Capital Management Lp has 2.5% invested in the company for 1.73 million shares. Kanaly Tru accumulated 0.19% or 10,012 shares. Massmutual Trust Fsb Adv last reported 87 shares in the company. Wilbanks Smith & Thomas Asset Mgmt Limited Liability Company reported 38,760 shares or 0.39% of all its holdings. Winfield Associate has invested 0.01% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Tokio Marine Asset Management Communications Limited has invested 0.15% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Hanseatic Mngmt Services Incorporated holds 9,160 shares or 0.33% of its portfolio. Symphony Asset Management Ltd Llc owns 17,757 shares or 0.19% of their US portfolio. Cobiz Investment Management Limited Liability Company accumulated 2,600 shares or 0.06% of the stock. Dodge And Cox has 213,264 shares for 0.02% of their US portfolio. Ubs Asset Mngmt Americas last reported 1.38M shares in the company. Moreover, Shamrock Asset Ltd Liability Corp has 0.01% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 159 shares. The California-based Wells Fargo Communications Mn has invested 0.15% in Adobe Systems Incorporated (NASDAQ:ADBE). Credit Agricole S A last reported 0.05% of its portfolio in the stock.
Insider Transactions: Since April 29, 2016, the stock had 0 insider purchases, and 21 sales for $21.26 million net activity. $2.43M worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by BARNHOLT EDWARD W on Monday, July 11. $393,600 worth of Adobe Systems Incorporated (NASDAQ:ADBE) shares were sold by Lewnes Ann. Morris Donna had sold 10,000 shares worth $1.10 million. On Friday, July 1 the insider ROWLEY RICHARD sold $25,929. Another trade for 9,466 shares valued at $900,167 was sold by DILLON MICHAEL A. 6,276 shares were sold by DALEY JAMES E, worth $677,808. The insider WARNOCK JOHN E sold 2,000 shares worth $197,024.
Adobe Systems Incorporated is a software company. The company has a market cap of $52.67 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 54.9 P/E ratio. It operates through three divisions: Digital Media, Digital Marketing, and Print and Publishing.
ADBE Company Profile
Adobe Systems Incorporated, incorporated on May 9, 1997, is a software company. The Firm offers a line of 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 across multiple operating systems, devices and media. The Firm operates through three divisions: Digital Media, Digital Marketing, and Print and Publishing. The Firm markets and licenses its services and products directly to enterprise clients through its sales force and to end users through application stores and its own Website at www.adobe.com. It offers various products through a software-as-a-service (SaaS) model or a managed services model (both of which are referred to as a hosted or cloud model), as well as through term subscription and pay-per-use models.
More recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Investorplace.com which released: “3 Reasons Adobe Systems Incorporated is a Stock to Buy (ADBE)” on October 06, 2016. Also Profitconfidential.com published the news titled: “Adobe Systems Incorporated: Why ADBE Stock Could Climb Double Digits” on September 14, 2016. Investorplace.com‘s news article titled: “Why Microsoft Corporation (MSFT), Adobe Systems Incorporated (ADBE) and FedEx …” with publication date: September 21, 2016 was also an interesting one.
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