What’s Adobe Systems Incorporated Upside After Today’s Bearish Options Activity?

 What's Adobe Systems Incorporated Upside After Today's Bearish Options Activity?

In today’s session Adobe Systems Incorporated (ADBE) recorded an unusually high (2,514) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious ADBE decrease. With 2,514 contracts traded and 12524 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: ADBE161216P00100000 closed last at: $1.07 or 5.3% down. About 154,656 shares traded hands. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 9.73% since April 27, 2016 and is uptrending. It has outperformed by 4.51% the S&P500.

Analysts await Adobe Systems Incorporated (NASDAQ:ADBE) to report earnings on December, 8. They expect $0.72 earnings per share, up 53.19% or $0.25 from last year’s $0.47 per share. ADBE’s profit will be $359.55 million for 36.34 P/E if the $0.72 EPS becomes a reality. After $0.60 actual earnings per share reported by Adobe Systems Incorporated for the previous quarter, Wall Street now forecasts 20.00% EPS growth.

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 $109.22 average target is 4.35% above today’s ($104.67) stock price. Adobe Systems has been the topic of 62 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The company was maintained on Wednesday, January 6 by Credit Suisse. The rating was maintained by Credit Suisse on Wednesday, September 21 with “Neutral”. The company was maintained on Friday, December 11 by FBR Capital. The company was upgraded on Tuesday, September 8 by Vetr. Robert W. Baird upgraded Adobe Systems Incorporated (NASDAQ:ADBE) on Tuesday, August 25 to “Neutral” rating. The firm has “Buy” rating by UBS given on Wednesday, June 22. Deutsche Bank maintained it with “Buy” rating and $90 target price in Wednesday, October 7 report. The firm has “Outperform” rating by RBC Capital Markets given on Friday, October 2. The firm has “Strong-Buy” rating given on Wednesday, September 2 by Vetr. The firm has “Buy” rating given on Monday, December 14 by Argus Research.

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 2016 Q2. Its up 0.15, from 1 in 2016Q1. The ratio improved, 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.
Teacher Retirement System Of Texas holds 0.36% or 546,897 shares in its portfolio. Old Mutual Customised Solutions (Proprietary) owns 2,600 shares or 0.06% of their US portfolio. Stephens Invest Mngmt Group Inc Ltd has 395 shares for 0% of their US portfolio. Gemmer Asset Management Ltd Llc holds 0.73% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 14,124 shares. Bb&T holds 0.02% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 9,725 shares. Pictet And Cie (Europe) Sa has 10,371 shares for 0.21% of their US portfolio. X Mgmt Communication Ltd Llc holds 0% or 375 shares in its portfolio. Cubist Systematic Strategies Limited Company, a Connecticut-based fund reported 21,633 shares. Diversified Tru Co holds 0.16% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 14,033 shares. Triangle Wealth has 0.18% invested in the company for 2,500 shares. Neuberger Berman Grp Limited Liability Company reported 1.07M shares or 0.14% of all its holdings. Cap Serv Of America has 2.92% invested in the company for 160,192 shares. Rockefeller Svcs Inc last reported 0.01% of its portfolio in the stock. Palisade Llc Nj last reported 2,505 shares in the company. The California-based Rosenblum Silverman Sutton S F Ca has invested 2.54% in Adobe Systems Incorporated (NASDAQ:ADBE).

Insider Transactions: Since June 29, 2016, the stock had 0 insider buys, and 18 insider sales for $19.59 million net activity. GARRETT MARK also sold $2.78 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) on Tuesday, September 6. DALEY JAMES E had sold 6,276 shares worth $677,808 on Thursday, September 22. 19,300 shares were sold by ROSENSWEIG DANIEL, worth $1.79M. Morris Donna sold $1.00 million worth of stock. WARNOCK JOHN E also sold $197,024 worth of Adobe Systems Incorporated (NASDAQ:ADBE) shares. 5,450 shares were sold by DILLON MICHAEL A, worth $555,083. Lewnes Ann sold 131 shares worth $13,320.

Adobe Systems Incorporated is a software company. The company has a market cap of $52.27 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 53.32 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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