Investors Sell Adobe Systems (ADBE) on Strength (ADBE)

Traders sold shares of Adobe Systems (NASDAQ:ADBE) on strength during trading on Tuesday. $132.35 million flowed into the stock on the tick-up and $180.11 million flowed out of the stock on the tick-down, for a money net flow of $47.76 million out of the stock. Of all companies tracked, Adobe Systems had the 0th highest net out-flow for the day. Adobe Systems traded up $4.64 for the day and closed at $231.16

ADBE has been the topic of several recent research reports. Zacks Investment Research lowered Adobe Systems from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Argus lifted their price objective on Adobe Systems from $195.00 to $234.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Royal Bank of Canada lifted their price objective on Adobe Systems to $235.00 and gave the stock an “outperform” rating in a report on Wednesday, February 28th. JMP Securities lowered Adobe Systems from an “outperform” rating to a “market perform” rating in a report on Monday, March 26th. Finally, BidaskClub raised Adobe Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 9th. Ten investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. Adobe Systems has a consensus rating of “Buy” and an average price target of $217.88.

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The company has a debt-to-equity ratio of 0.22, a current ratio of 2.12 and a quick ratio of 2.12. The company has a market capitalization of $113,839.44, a P/E ratio of 64.37, a price-to-earnings-growth ratio of 2.67 and a beta of 1.04.

Adobe Systems (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, March 15th. The software company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.11. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.05 billion. Adobe Systems had a return on equity of 24.42% and a net margin of 24.40%. The business’s revenue was up 23.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.43) earnings per share. equities research analysts anticipate that Adobe Systems will post 5.35 earnings per share for the current fiscal year.

In other news, EVP Donna Morris sold 29,404 shares of the business’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $197.62, for a total transaction of $5,810,818.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John E. Warnock sold 5,000 shares of the business’s stock in a transaction on Tuesday, March 20th. The stock was sold at an average price of $224.94, for a total value of $1,124,700.00. Following the sale, the director now owns 16,088 shares of the company’s stock, valued at approximately $3,618,834.72. The disclosure for this sale can be found here. In the last three months, insiders sold 298,310 shares of company stock worth $58,931,687. Insiders own 0.33% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Cerebellum GP LLC bought a new stake in shares of Adobe Systems during the fourth quarter worth $118,000. Community Bank N.A. bought a new stake in shares of Adobe Systems during the fourth quarter worth $122,000. Avestar Capital LLC bought a new stake in shares of Adobe Systems during the fourth quarter worth $109,000. Truewealth LLC bought a new stake in shares of Adobe Systems during the fourth quarter worth $162,000. Finally, We Are One Seven LLC bought a new stake in shares of Adobe Systems during the fourth quarter worth $173,000. Institutional investors own 87.25% of the company’s stock.

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About Adobe Systems

Adobe Systems Incorporated operates as a diversified software company worldwide. Its Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content. This segment's flagship product is Creative Cloud, a subscription service that allows customers to download and install the latest versions of its creative products.

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