emfizz.com June 24, 2017

The Airain ltd Raises Position in Adobe Systems Incorporated (ADBE)

20 April 2017, 05:58 | Bernard Bryant

Airain ltd increased its position in shares of Adobe Systems Incorporated (NASDAQ:ADBE) by 13.0% during the third quarter, Holdings Channel reports. NA now owns 7,667 shares of the software company's stock worth $832,000 after buying an additional 24 shares during the last quarter. Sell-side analyst recommendations point to a short term price target of $127.21 on the company shares. Pivotal Research Downgrades Adobe Systems Incorporated (ADBE) to Hold with a price target of $104. Wunderlich upgraded Adobe Systems from a "hold" rating to a "buy" rating and raised their target price for the stock from $115.00 to $145.00 in a research note on Friday, March 17th. Cowen and Company restated an "outperform" rating and issued a $145.00 target price (up previously from $140.00) on shares of Adobe Systems in a report on Friday, March 17th. Finally, Pacific Crest reiterated an "overweight" rating on shares of Adobe Systems in a report on Saturday, January 7th. Analysts have a mean recommendation of 1.90 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The stock presently has an average rating of "Buy" and an average target price of $133.63.

Shares of Adobe Systems (NASDAQ:ADBE) traded up 0.32% during trading on Wednesday, hitting $130.22. The firm has a market capitalization of $63.84 billion, a PE ratio of 49.27 and a beta of 1.06. Adobe Systems has a 12-month low of $90.35 and a 12-month high of $131.33. Current price places the company's stock 19.3% away from its 200-day simple moving average, 5.48%, away from the 50-day average and also 0.75% away from 20-day average.

Adobe Systems (NASDAQ:ADBE) last released its quarterly earnings results on Thursday, December 15th. The software company reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.87 by $0.07. Adobe Systems had a return on equity of 17.23% and a net margin of 19.96%. The firm earned $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the firm posted $0.62 earnings per share.

Receive Adobe Systems Incorporated News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adobe Systems Incorporated with MarketBeat.com's FREE daily email newsletter.

ILLEGAL ACTIVITY WARNING: This report was reported by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and global trademark & copyright laws.

White gives purse projection for Mayweather-McGregor
I promised Conor I'd do everything I could to make this thing happen so that's what I'm going to do. I need to figure out the Mayweather side, and maybe it can't be.

Jurgen Klopp rules out summer move for Joe Hart
He is already not patient any more . "It's not cool, he looks really healthy, but he can not play football". Klopp: "I like being here but I don't want to bother people with my presence if we're not successful".

Assad allies say U.S. strike on Syria 'crossed red lines'
Tillerson said the USA priority in Syria was defeating Islamic State, the militant group also known as ISIS . Tillerson is expected in Moscow this week for talks with Russian officials.

In related news, EVP Ann Lewnes sold 2,233 shares of the company's stock in a transaction that occurred on Wednesday, March 22nd.

Praxair, Inc. (NYSE:PX) ended its day at $118.32 with the rising stream of 0.23% and its total traded volume was 1.5 million shares more than the average volume. Following the completion of the transaction, the director now directly owns 38,086 shares in the company, valued at $4,190,221.72. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Finally, Brown Advisory Inc. boosted its position in shares of Adobe Systems by 2.3% in the fourth quarter. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 408,358 shares of company stock worth $47,525,072.

Albeit keeping a close eye on stock technical is very important, Investors always show anxiousness about where the stock might be heading.

A number of other hedge funds have also recently added to or reduced their stakes in ADBE. Bank of The West raised its position in Adobe Systems by 0.8% in the second quarter. Sowell Financial Services LLC purchased a new stake in Adobe Systems during the fourth quarter valued at approximately $148,000. Janus Capital Management LLC now owns 14,281,223 shares of the software company's stock valued at $1,470,479,000 after buying an additional 550,041 shares during the last quarter. NA raised its position in Adobe Systems by 0.3% in the third quarter. TCI Wealth Advisors Inc. now owns 1,104 shares of the software company's stock valued at $120,000 after buying an additional 110 shares in the last quarter. Lone Pine Capital LLC now owns 5,027,599 shares of the software company's stock valued at $517,591,000 after buying an additional 409,622 shares during the last quarter.

Other News

Trending Now

Georgia's Special Election Isn't Over Yet
Ossoff has energized liberals and younger voters, while also aiming for disaffected independents and moderate Republicans. He has come under fire because he doesn't live in the district. "Republicans, get out and vote!", he continued tweeting.

Erie McDonald's owner "couldn't be prouder" of employees who spotted Steve Stephens
Almost two days after Steve Stephens fatally shot Godwin in cold blood, two of his daughters met with Joy Lane for the first time. Godwin can be seen raising his hands in an apparent attempt to ward off his attacker before he is shot once in the head.

Factors to Note Before Buying Gold Standard Ventures Corp (GSV)
The overall volume in the last trading session was 2.31 million shares, versus the average volume of 2.13 million shares. This quarter analysts say they expect sales to move at $1.42 million - higher from $1.23 million the year before.

As Fresno Mourns, New Details Emerge in 'Hate Crime' Shooting
On what appeared to be his Facebook page, he repeatedly posted '#LetBlackPeopleGo" and encouraged "black warriors" to "mount up'. The three men killed Tuesday had no known connection to each other or to the shooter, who is expected to be arraigned Friday.

Rangers given powers in Punjab under Anti-Terrorism Act 1997: Nisar
The minister said, "The people of Karachi and Sindh were not only satisfied with the performance of Rangers but also trusted them".

Rockets vs. Thunder first-round playoff preview
However, the OKC Thunder have been playing the cards that have been dealt to them all season and this series will be no exception. Harden averaged 20.5 points, 12.3 assists and 7.3 rebounds while shooting 34.3 percent, but won three of the four games.

Ex-NFL star Hernandez found dead in prison cell
Once one of the best paid players in the NFL, Hernandez was found unconscious in his cell at around 3am local time on Wednesday. This is a service for people who may be thinking about suicide, or those who are concerned about family or friends.

NBA players union complains about Jackson's Carmelo comments
Fisher was still under contract to the Oklahoma City Thunder as a player at the time. There has been a handful of players fined for public trade demands.

Australia: Aspiring Rapper Runs Into Ocean To Avoid Paying Restaurant Bill
After giving Omeros Bros the ol' dine-n-dash, 2pec made a decision to flee into the welcoming embrace of the sea. We can feel your eye roll from here. "We cook our lobsters perfectly here", an employee of Omeros Bros said .

New York derailment highlights US infrastructure concerns
In this Wednesday, April 5, 2017, file photo provided by Amtrak, workers fix rails inside New York's Penn Station. That collision, officials said, was caused by mismatched pieces of rail on a curve inside the station.