Adobe Systems Incorporated (ADBE) Hits 52-Week High

Adobe Systems Incorporated (ADBE) Hits 52-Week High”

Adobe Systems Incorporated (ADBE) has $77.40B valuation. Company insiders own 0.38% of the company's stock. About shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since September 12, 2016 and is uptrending. It has outperformed by 25.59% the S&P500. The stock saw a fall in short interest of -7.60% as of the latest report on August 15, 2017. With 99,700 avg volume, 1 days are for CARLSBERG AS (OTCMKTS:CABGY)'s short sellers to cover CABGY's short positions. The SI to Cummins Incorporated's float is 2.02%. Last week, it was 1.17%, 14.30% over the last quarter, and 28.79% for the past half-year. About 74,418 shares traded. Facebook Inc (NASDAQ:FB) has risen 26.75% since September 12, 2016 and is uptrending. It has outperformed by 26.62% the S&P500.

Since January 1, 0001, it had 0 buys, and 5 sales for $11.00 million activity. Lengyel Philip E. sold $5,672 worth of stock or 3,038 shares. The stock increased 2.89% or $1.37 during the last trading session, reaching $48.82. The insider Talaulicar Anant sold $259,878.

Equity analyst Moffett Nathanson starting coverage on ADBE with an initial rating of "Buy". Therefore 28% are positive. Carlsberg AS had 9 analyst reports since August 20, 2015 according to SRatingsIntel. The stock of Cummins Inc. The rating was maintained by Wunderlich on Friday, December 11 with "Hold". (NYSE:CMI) has "Underperform" rating given on Thursday, April 21 by Robert W. Baird. Credit Suisse maintained Delta Air Lines, Inc. (NYSE:CMI) rating on Friday, May 13. The stock rose 1.13% or $1.76 reaching $157.1. The firm has "Overweight" rating given on Thursday, April 21 by Piper Jaffray. Citigroup maintained the stock with "Buy" rating in Friday, March 18 report.

Investors sentiment decreased to 1.02 in 2016 Q4. Its up 0.09, from 0.92 in 2016Q3.

Want to see what other hedge funds are holding ADBE? Vanguard Gru Inc reported 32.12 million shares. Gateway Investment Advisers Ltd reported 0.22% in Cummins Inc. Moreover, Goldman Sachs Group has 0% invested in ModusLink Global Solutions, Inc. Pacad Invest Limited reported 8,101 shares. Smithfield Trust holds 1,018 shares or 0.02% of its portfolio. Parallax Volatility Advisers LP holds 0.18% or 801,789 shares. American National Registered Invest Advisor Inc stated it has 0.28% in Cummins Inc. Cullen Frost Bankers reported 55,190 shares or 0.2% of all its holdings. 118,236 were reported by Connors Investor Services. Gabelli Funds Ltd Liability Corp holds 415,000 shares. Fmr Lc accumulated 1.20 million shares. Moreover, Retirement Systems Of Alabama has 0.09% invested in Cummins Inc. West Oak Cap Limited Liability holds 0% or 200 shares. New York-based Teton Advsrs has invested 0.24% in ModusLink Global Solutions, Inc.

Cummins Inc. designs, manufactures, distributes and services diesel and natural gas engines and engine-related component products. The company has market cap of $76.85 billion. It has a 9.69 P/E ratio. It operates through three divisions: Digital Media, Digital Marketing, and Print and Publishing. The value of the total investment in Adobe Systems Incorporated went from $763,000 to $1,422,000,000 increasing 186,269.6% quarter to quarter. Therefore 94% are positive.

Analysts await Adobe Systems Incorporated (NASDAQ:ADBE) to report earnings on September, 19.

06/21/2017 - Adobe Systems Incorporated had its "buy" rating reiterated by analysts at Bank of America Merrill Lynch. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has "Buy" rating given on Wednesday, August 30 by Cowen & Co. The company was maintained on Wednesday, June 22 by Rosenblatt. RBC Capital Markets maintained the shares of ADBE in report on Sunday, July 30 with "Buy" rating. The rating was maintained by BMO Capital Markets on Tuesday, June 20 with "Buy". The company was maintained on Wednesday, September 21 by Canaccord Genuity. The firm earned "Hold" rating on Monday, September 21 by S&P Research.

Adobe Systems Incorporated had its "outperform" rating reiterated by analysts at BMO Capital Markets. The firm has "Overweight" rating by JP Morgan given on Thursday, February 4.

Since May 22, 2017, it had 0 insider purchases, and 2 selling transactions for $2.53 million activity.

Shares of Adobe Systems Incorporated (NASDAQ ADBE) opened at 156.87 on Tuesday. Stifel Nicolaus initiated the shares of ADBE in report on Wednesday, April 12 with "Buy" rating. Its down 0.89, from 1.67 in 2016Q3. It increased, as 57 investors sold Adobe Systems Incorporated shares while 287 reduced holdings. 417.05 million shares or 0.67% less from 419.85 million shares in 2016Q3 were reported. Ridgeworth Cap Limited owns 147,676 shares or 0.13% of their U.S. portfolio. The Massachusetts-based Trillium Asset Mngmt has invested 1.22% in Adobe Systems Incorporated (NASDAQ:ADBE). The institutional investor owned 2,100,796 shares of the software company's stock after buying an additional 285,760 shares during the quarter.

COPYRIGHT VIOLATION NOTICE: "Adobe Systems Incorporated (ADBE) Position Boosted by Prudential Financial Inc." was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. Virtus Inv Advisers reported 0.37% stake. Kanaly holds 0.1% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 4,552 shares. Hanson Mcclain Incorporated holds 100 shares. The Alabama-based Weiss Multi has invested 0.1% in Adobe Systems Incorporated (NASDAQ:ADBE). Koshinski Asset Management, Inc. controls 10,699 shares valued at $1,513,267,000. Stanley owns 13,961 shares or 0.07% of their U.S. portfolio. 5,600 were reported by Ashford Cap Mngmt. Blackrock Fund Advsr accumulated 99,866 shares.

Recently, analysts have updated the overall rating to 2.1.

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