Traders Buy Adobe Systems Incorporated (ADBE) on Weakness on Insider Selling

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The stock increased 0.99% or $1.5 during the last trading session, reaching $153.65.

About 797,736 shares traded.

Adobe Systems Incorporated is a software company. It has outperformed by 20.22% the S&P500.

Connors Investor Services Inc decreased Adobe Systems (ADBE) stake by 51.05% reported in 2017Q2 SEC filing. (NASDAQ:NTCT) has "Outperform" rating given on Thursday, August 13 by RBC Capital Markets. Eulav Asset Mgmt holds 58,451 shares. BlackRock Inc. grew its holdings in shares of Adobe Systems by 8.2% during the second quarter. The stock rose 0.24% or $0.37 reaching $154.02. Wealth Architects Ltd Liability owns 3,744 shares. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since October 12, 2016 and is uptrending.

Since May 10, 2017, it had 0 insider purchases, and 2 selling transactions for $614,410 activity. The software company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.01 by $0.09. It improved, as 49 investors sold Adobe Systems Incorporated shares while 326 reduced holdings. Ltd raised its position in Adobe Systems by 21.4% in the third quarter. 418.45 million shares or 0.88% less from 422.18 million shares in 2017Q1 were reported.

Adobe Systems Incorporated (NASDAQ:ADBE) opened at 141.89 on Tuesday. Thrivent For Lutherans, a Minnesota-based fund reported 360,525 shares. Halbert Hargrove Russell Ltd Liability Com holds 0.06% or 1,633 shares. Mai Mngmt reported 31,954 shares.

Adobe Systems (NASDAQ:ADBE) last posted its quarterly earnings data on Tuesday, September 19th. 102.75 million shares or 0.18% more from 102.56 million shares in 2017Q1 were reported. Koch Indus has 557,937 shares for 0.15% of their portfolio. On average, equities research analysts predict that Adobe Systems Incorporated will post $3.95 earnings per share for the current fiscal year. About shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since October 12, 2016 and is uptrending. The Firm operates through two divisions: community banking, and trust and investment services. GAM Holding AG now owns 168,491 shares of the software company's stock worth $18,287,000 after buying an additional 3,069 shares in the last quarter. State Board Of Administration Of Florida Retirement accumulated 728,147 shares or 0.29% of the stock. Dsm Capital Partners Llc who had been investing in Adobe Systems for a number of months, seems to be less bullish one the $75.74 billion market cap company. Therefore 79% are positive. Handelsbanken Fonder AB's holdings in Adobe Systems were worth $15,616,000 at the end of the most recent reporting period. Lewnes Ann also sold $311,035 worth of Adobe Systems Incorporated (NASDAQ:ADBE) on Wednesday, June 14. As per Wednesday, June 22, the company rating was maintained by Rosenblatt. Moffett Nathanson started coverage on Adobe Systems in a research note on Wednesday, September 6th. The rating was maintained by Credit Suisse on Wednesday, September 21 with "Neutral". As per Sunday, October 8, the company rating was maintained by RBC Capital Markets.

The stock of Adobe Systems Incorporated (NASDAQ:ADBE) registered an increase of 2.39% in short interest. RBC Capital Markets maintained it with "Sector Perform" rating and $50 target in Wednesday, October 28 report. On Tuesday, August 25 the stock rating was upgraded by Robert W. Baird to "Neutral". Pioneer Tru Bank N A Or stated it has 0.2% in Adobe Systems Incorporated (NASDAQ:ADBE). The stock has "Buy" rating by Deutsche Bank on Tuesday, December 8. The stock has "Buy" rating by KeyBanc Capital Markets on Wednesday, June 21. The Longwood Capital Partners Llc holds 33,000 shares with $1.94M value, down from 190,000 last quarter. State Street Corp now owns 19,516,573 shares of the software company's stock worth $2,539,679,000 after buying an additional 234,270 shares in the last quarter. Edge Therapeutics Inc was raised too.

California State Teachers Retirement System increased Healthcare Trust Of Ame Cl A (NYSE:HTA) stake by 91,010 shares to 361,887 valued at $11.26 million in 2017Q2. It also upped Cirrus Logic Inc. (NASDAQ:NTCT) or 1,000 shares.

Investors sentiment decreased to 1.07 in 2017 Q2. Its up 0.02, from 1.23 in 2017Q1. It fall, as 45 investors sold MGM shares while 137 reduced holdings. 49 funds opened positions while 138 raised stakes. Egerton Capital UK LLP purchased a new position in shares of Adobe Systems during the first quarter worth approximately $209,666,000. Ameritas Inv Ptnrs stated it has 0% in American National BankShares Inc (NASDAQ:AMNB). Mycio Wealth Prtnrs invested in 0.03% or 1,672 shares. Diamond Hill Cap Inc, a Ohio-based fund reported 541,626 shares. Gradient Invests Ltd holds 2,850 shares or 0.03% of its portfolio. Nomura Holdg Incorporated holds 0.04% or 121,240 shares in its portfolio. The hedge fund held 2.11M shares of the prepackaged software company at the end of 2017Q2, valued at $298.36M, down from 2.20 million at the end of the previous reported quarter. Bancorporation Of New York Mellon owns 1.86 million shares for 0.02% of their portfolio. Great West Life Assurance Can has invested 0.02% in MGM Resorts International (NYSE:MGM). Zacks Investment Research raised Adobe Systems from a "sell" rating to a "hold" rating in a report on Friday, September 22nd. Therefore 67% are positive. Sensata Technologies Holdings NV had 40 analyst reports since July 30, 2015 according to SRatingsIntel. The stock has "Buy" rating by Stifel Nicolaus on Thursday, June 9. On Friday, July 31 the stock rating was upgraded by Sterne Agee CRT to "Buy". The firm has "Outperform" rating given on Thursday, January 5 by BMO Capital Markets. Finally, Guggenheim reissued a "buy" rating and issued a $155.00 price objective on shares of Adobe Systems in a research report on Tuesday, April 18th. Oppenheimer maintained it with "Outperform" rating and $104 target in Thursday, February 4 report.

In other Adobe Systems news, Director Charles M. Geschke sold 59,550 shares of the stock in a transaction that occurred on Monday, March 20th. The firm has "Buy" rating given on Friday, April 28 by Barclays Capital. As per Wednesday, August 30, the company rating was maintained by Cowen & Co.

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