Could Adobe Systems Incorporated Rise Even More? The Stock Had Bullish Options Activity

 Could Adobe Systems Incorporated Rise Even More? The Stock Had Bullish Options Activity

In today’s session Adobe Systems Incorporated (ADBE) registered an unusually high (352) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious ADBE increase. With 352 contracts traded and 324 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: ADBE161216C00100000 closed last at: $6.1 or 3.4% up. About 579,553 shares traded hands. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 9.59% since April 18, 2016 and is uptrending. It has outperformed by 5.16% 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. Adobe Systems has been the topic of 62 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The company was maintained on Wednesday, October 7 by FBR Capital. On Friday, March 18 the stock rating was maintained by Citigroup with “Buy”. The firm has “Neutral” rating by Credit Suisse given on Friday, March 18. The rating was maintained by Deutsche Bank on Wednesday, March 23 with “Buy”. Dougherty & Company maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Monday, April 4. Dougherty & Company has “Buy” rating and $122 price target. The firm has “Outperform” rating given on Friday, March 18 by Bernstein. The firm has “Neutral” rating by Credit Suisse given on Wednesday, January 6. On Wednesday, September 2 the stock rating was initiated by Oppenheimer with “Perform”. The firm has “Sector Perform” rating given on Tuesday, August 11 by RBC Capital Markets. JP Morgan maintained the shares of ADBE in a report on Wednesday, October 7 with “Overweight” rating.

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 increased to 1.15 in Q2 2016. Its up 0.15, from 1 in 2016Q1. The ratio increased, 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.
Blackrock Japan Ltd has 699,077 shares for 0.24% of their US portfolio. Advisor Prtn Lc has 0.29% invested in the company for 8,773 shares. The Massachusetts-based Winslow Evans & Crocker has invested 0% in Adobe Systems Incorporated (NASDAQ:ADBE). Barometer Cap holds 9,500 shares or 0.09% of its portfolio. The Germany-based Commerzbank Aktiengesellschaft Fi has invested 0.02% in Adobe Systems Incorporated (NASDAQ:ADBE). Pettyjohn Wood White last reported 0.25% of its portfolio in the stock. Schroder Inv Management Grp last reported 34,100 shares in the company. Lathrop Investment Corporation accumulated 140,566 shares or 4.18% of the stock. Moreover, Qci Asset Mngmt New York has 0% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 200 shares. Deutsche National Bank & Trust Ag holds 0.1% or 1.46 million shares in its portfolio. Meiji Yasuda Asset Mngmt Communications Ltd has invested 0.16% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Jennison Associate Limited Liability accumulated 1.56% or 14.83 million shares. Manchester Cap Mgmt Lc holds 2,699 shares or 0.04% of its portfolio. The Georgia-based Caldwell And Orkin Inc has invested 0.54% in Adobe Systems Incorporated (NASDAQ:ADBE). Euclid Advsrs Limited Com accumulated 69,351 shares or 0.29% of the stock.

Insider Transactions: Since May 27, 2016, the stock had 0 insider purchases, and 19 sales for $19.99 million net activity. The insider Morris Donna sold 2,335 shares worth $233,500. Another trade for 9,616 shares valued at $913,905 was sold by LAMKIN BRYAN. Shares for $555,083 were sold by DILLON MICHAEL A. $2.78M worth of Adobe Systems Incorporated (NASDAQ:ADBE) shares were sold by GARRETT MARK. Shares for $3.59M were sold by Rencher Bradley. $2.43 million worth of shares were sold by BARNHOLT EDWARD W on Monday, July 11. WARNOCK JOHN E sold $197,024 worth of stock.

Adobe Systems Incorporated is a software company. The company has a market cap of $53.55 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 53.76 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.

Another recent and important Adobe Systems Incorporated (NASDAQ:ADBE) news was published by Investorplace.com which published an article titled: “TUBE, ADBE: TubeMogul Inc Shares Skyrocket on Adobe Systems Incorporated Deal” on November 10, 2016.

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