Short Interest Buzzer: What’s Ahead for Adobe Systems Incorporated (NASDAQ:ADBE) After More Shorted Shares?

November 23, 2016 - By Vivian Park   ·   0 Comments

Short Interest Buzzer: What’s Ahead for Adobe Systems Incorporated (NASDAQ:ADBE) After More Shorted Shares?

The stock of Adobe Systems Incorporated (NASDAQ:ADBE) registered an increase of 3.63% in short interest. ADBE’s total short interest was 5.19 million shares in November as published by FINRA. Its up 3.63% from 5.01M shares, reported previously. With 1.70 million shares average volume, it will take short sellers 3 days to cover their ADBE’s short positions. The short interest to Adobe Systems Incorporated’s float is 1.05%. About 353,751 shares traded hands. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 9.17% since April 21, 2016 and is uptrending. It has outperformed by 3.84% the S&P500.

Adobe Systems Incorporated is a software company. The company has a market cap of $51.62 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 53.1 P/E ratio. It operates through three divisions: Digital Media, Digital Marketing, and Print and Publishing.

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.
Massmutual Fsb Adv, a Connecticut-based fund reported 87 shares. Bp Public Ltd Limited Liability Company owns 73,000 shares or 0.28% of their US portfolio. The California-based California Public Employees Retirement System has invested 0.2% in Adobe Systems Incorporated (NASDAQ:ADBE). Mairs And Power Incorporated holds 0% or 2,175 shares in its portfolio. The Nebraska-based Pittenger & Anderson has invested 0.01% in Adobe Systems Incorporated (NASDAQ:ADBE). Citadel Ltd Liability Com accumulated 0.01% or 53,439 shares. Dowling And Yahnke Ltd Liability Com reported 44,332 shares or 0.51% of all its holdings. The Connecticut-based Bridgewater Lp has invested 0.08% in Adobe Systems Incorporated (NASDAQ:ADBE). Carret Asset Mgmt Ltd Liability Co reported 5,950 shares or 0.11% of all its holdings. Palladium Lc last reported 80,434 shares in the company. Aperio Group Incorporated Limited Liability Com has 0.16% invested in the company for 219,124 shares. First Republic Inv Management has 158,579 shares for 0.15% of their US portfolio. Gilder Gagnon Howe & Ltd Liability Com accumulated 0.84% or 441,697 shares. Conatus Mngmt L P has invested 5.31% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Osborn Rohs Williams & Donohoe Limited, a Ohio-based fund reported 3,590 shares.

Insider Transactions: Since May 27, 2016, the stock had 0 buys, and 18 insider sales for $19.59 million net activity. DALEY JAMES E sold $677,808 worth of stock or 6,276 shares. WARNOCK JOHN E sold $534,950 worth of stock. 4,000 Adobe Systems Incorporated (NASDAQ:ADBE) shares with value of $397,596 were sold by Lewnes Ann. Another trade for 19,300 shares valued at $1.79M was sold by ROSENSWEIG DANIEL. The insider DILLON MICHAEL A sold $555,083. $25,929 worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by ROWLEY RICHARD. Morris Donna had sold 10,000 shares worth $1.10 million.

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 rating was maintained by JP Morgan on Wednesday, October 7 with “Overweight”. The company was maintained on Wednesday, September 21 by UBS. On Friday, October 2 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock has “Buy” rating given by Citigroup on Wednesday, September 21. JP Morgan maintained it with “Overweight” rating and $100 target price in Friday, December 11 report. The company was maintained on Wednesday, March 9 by Goldman Sachs. The rating was maintained by Wunderlich with “Hold” on Thursday, November 3. Dougherty & Company maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Monday, April 4 with “Buy” rating. Dougherty & Company initiated Adobe Systems Incorporated (NASDAQ:ADBE) on Thursday, January 14 with “Buy” rating. Canaccord Genuity maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Wednesday, September 21. Canaccord Genuity has “Buy” rating and $120 price target.

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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By Vivian Park


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