Why to Keeping Eye on EnteroMedics Inc. (ETRM), Adobe Systems Incorporated (ADBE)?

The stock was sold at an average price of $125.00, for a total value of $279,125.00. The stock has "Buy" rating by Deutsche Bank on Wednesday, March 23. Washington Trust Bank now owns 840 shares of the software company's stock valued at $109,000 after buying an additional 102 shares in the last quarter. Looking at this figure it suggests that the shares of Adobe Systems Incorporated (ADBE) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that Adobe Systems Incorporated (ADBE) is a good investment, however if the market is weaker then it could suggest that the shares are undervalued. Wunderlich upgraded shares of Adobe Systems from a "hold" rating to a "buy" rating and lifted their price objective for the company from $115.00 to $145.00 in a research note on Friday, March 17th. Finally, BTIG Research raised Adobe Systems from a "neutral" rating to a "buy" rating and set a $151.00 target price on the stock in a research report on Monday, March 27th. Zacks Investment Research lowered shares of Adobe Systems from a "hold" rating to a "sell" rating in a research report on Monday, February 6th. 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. However the price at the close of last session was -6.11% lower than its 50-day moving average and -3.54% under its 200-day moving average.

Despite the fact Adobe Systems Incorporated (NASDAQ:ADBE) was trading at volume above average, prior 52-week high was $138.39 and surged 39.13% over the same period, trading at a volume of 4.16 million. The stock decreased 0.60% or $0.31 during the last trading session, reaching $51.4. With today's market cap for Adobe Systems Incorporated, traders can easily name it as one of the major player in its Application Software industry. The firm has a market capitalization of $67.49 billion, a PE ratio of 52.09 and a beta of 1.06. The firm has a 50-day moving average of $132.61 and a 200 day moving average of $117.00. The France-based Axa has invested 0.21% in Adobe Systems Incorporated (NASDAQ:ADBE).

While considering growth estimates of the company, it has next quarter growth estimates of 29.3% whereas during current quarter it has 33.8% estimations over growth, comparing to the estimations of 31.2% during current year and 26.3% for next year. The fund purchased 1,879 shares of the software company's stock, valued at approximately $244,000. Adobe Systems had a net margin of 19.96% and a return on equity of 17.23%. For the current year the company's revenue estimates are $7.17 Billion compared to low analyst estimates of $7.07 Billion and high estimates of $7.28 Billion according to 29 number of analysts.

The company reported an impressive total revenue of 5.85 Billion in the last fiscal year. The legal version of this news story can be accessed at https://www.thestockobserver.com/2017/05/20/eqis-capital-management-inc-takes-position-in-adobe-systems-incorporated-adbe.html. If you are accessing this news story on another site, it was stolen and republished in violation of United States and worldwide copyright and trademark legislation.

Adobe Systems Incorporated shares decreased -1.28 percent over the past week and rose 3.32 percent over the previous month.

In other news, EVP Bryan Lamkin sold 20,000 shares of the firm's stock in a transaction on Friday, March 31st. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Another trade for 25,000 shares valued at $2.83M was sold by BURGESS ROBERT K. WARNOCK JOHN E sold $632,472 worth of stock or 6,000 shares. Following the completion of the sale, the executive vice president now owns 64,177 shares in the company, valued at $8,719,087.22. The disclosure for this sale can be found here. Clean Yield Group purchased a new stake in Adobe Systems during the first quarter valued at about $100,000. Washington Trust Bank increased its position in Adobe Systems by 13.8% in the first quarter. A stock with a disproportionate amount of debt can lead to a small equity base. Mitsubishi UFJ Securities Holdings Co. Finally, Kernodle & Katon Asset Management Group LLC raised its stake in Adobe Systems by 69.8% in the third quarter.

All things being equal, stocks with higher earnings-per-share growth rates are generally more desirable than those with slower earnings-per-share growth rates. Insiders sold 86,249 shares of company stock valued at $10,979,024 over the last 90 days.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Edge Asset Management stated it has 0.23% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE).

Latest News