Published: Wed, May 16, 2018
Industry | By Terrell Bush

Essex Financial Services Inc. Has $1.87 Million Position in Adobe Systems (ADBE)

Essex Financial Services Inc. Has $1.87 Million Position in Adobe Systems (ADBE)

Investors sentiment decreased to 0.89 in Q4 2017. As of now, MITL has a P/S, P/E and P/B values of 1.16, 0 and 3.72 respectively. It turned negative, as 47 investors sold ADBE shares while 389 reduced holdings. Over the last 12 months, DISCK's free cash flow per share is a positive 1, while that of ADBE is positive 12.07. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 66.71% since May 14, 2017 and is uptrending. The ratio worsened, as 91 institutional investors started new and increased positions, while 64 cut down and sold their positions in MB Financial Inc. Amica Mutual Insur stated it has 17,512 shs. 343,288 are held by Gateway Inv Advisers Limited Co. Ls Investment Ltd Liability Corporation stated it has 0.16% in Adobe Systems Incorporated (NASDAQ:ADBE). Ballentine Partners Ltd Co accumulated 0.04% or 3,722 shs. Investors may choose to compare the earnings yield of stocks to money market instruments, treasuries, or bonds. Point72 Asia (Hong Kong) Limited reported 478 shs. Allen Investment Mgmt Ltd Liability Com reported 6,462 shs.

NASDAQ:ADBE opened at $238.37 on Tuesday. Private Capital Advisors reported 31,364 shares. 385,120 were accumulated by Bnp Paribas Arbitrage. The average volume was noted at 2924.86K shares while its relative volume was seen at 0.77. Palisades Hudson Asset Mngmt Lp has invested 0.23% in Adobe Systems Incorporated (NASDAQ:ADBE).

Since December 13, 2017, it had 1 buying transaction, and 16 insider sales for $87.08 million activity.

In related news, EVP Ann Lewnes sold 2,937 shares of Adobe Systems stock in a transaction dated Wednesday, April 18th.

Top stock trades for BABA
Essex Financial Services Inc. Has $1.87 Million Position in Adobe Systems (ADBE)

Stocks traded higher on Monday amid hopes of a potential breakthrough in trade tensions between the USA and China, the world's two leading economies. Another trade for 29,404 shs valued at $5.81 million was made by Morris Donna on Wednesday, January 24. Conatus Management Limited Partnership has invested 0.4% in Adobe Systems Incorporated (NASDAQ:ADBE). On Friday, January 26 THOMPSON MATTHEW had sold 50,775 shs worth $10.16M. The price to earnings ratio for Adobe Systems Incorporated (NasdaqGS:ADBE) is 63.408782.

The stock of Discovery, Inc. and Adobe Systems Incorporated were two of the most active stocks on Monday. It was reported on May, 14 by Barchart.com. Stocks that are volatile and move more than the overall market have a beta greater than 1 while stocks with price swings less than the market have a beta less than 1.0. The valuation of NASDAQ:ADBE can change by $4.77B if our $252.05 PT is broke into. Adobe Systems reported earnings of $1.02 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 51%. ADBE outperformed the S&P 500 by 55.16%. Analysts have placed a $248.31 price target on Adobe Systems Incorporated, suggesting a 4.17% gain from recent close. The institutional investor held 745,469 shares of the oil & gas production company at the end of 2017Q4, valued at $9.99M, up from 656,394 at the end of the previous reported quarter. Notwithstanding that, the firm is seeing a foremost top-line progress, with their year-over-year quarterly revenue increasing by 23.60%. ADBE's profit will be $615.59 million for 48.47 P/E if the $1.25 EPS becomes a reality.

Among 39 analysts covering Adobe Systems (NASDAQ:ADBE), 28 have Buy rating, 0 Sell and 11 Hold. Тherefore 80% are bullish. The Illinois-based Channing Capital Management Llc has invested 2.41% in the stock. The avg target $240.33 is -0.84% below the last ($242.3564) price. Pacific Crest maintained the shares of ADBE in report on Wednesday, September 21 with "Overweight" rating. Bank of America maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Tuesday, March 13 with "Buy" rating. On Tuesday, December 12 J.P. Morgan downgraded Adobe Systems Incorporated (NASDAQ:ADBE) to "Hold" rating. Vetr upgraded Adobe Systems Incorporated (NASDAQ:ADBE) rating on Wednesday, September 2. The firm earned "Hold" rating on Friday, August 26 by Sandler O'Neill. The ideal time to buy a stock is usually when it is trading at a substantial discount to its target price. Stephens maintained the stock with "Buy" rating in Friday, March 16 report. As per Friday, March 16, the company rating was maintained by Credit Suisse. The short interest to Adobe Systems Incorporated's float is 1.05%.

More notable recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Seekingalpha.com which released: "Adobe: A Well-Oiled Machine" on April 16, 2018, also Nasdaq.com with their article: "Don't Let Adobe (ADBE) Stock Slip Through Your Fingers" published on May 10, 2018, Streetinsider.com published: "Omega's 13F Shows Increase in Ocwen (OCN), Synchrony (SYF), United (UAL), Exits Zynga (ZNGA) (More...)" on May 15, 2018. The FCF Score of Adobe Systems Incorporated (NasdaqGS:ADBE) is 1.238796. The Company's 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.62.71 is the P/E ratio. This segmentÂ's flagship product is Creative Cloud, a subscription service that allows clients to download and install the latest versions of its creative products.

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