Westwood Holdings Group Inc. Has $892000 Stake in Adobe Systems Incorporated (ADBE)

Sonora Investment Management, LLC says it sold 325 shares in the previous quarter decreasing its stake in Adobe Systems Incorporated (ADBE) by 1.1%. The fund owned 12,320 shares of the software company's stock after buying an additional 2,380 shares during the period. The correct version of this story can be viewed at https://stocknewstimes.com/2017/10/17/advisory-services-network-llc-acquires-2380-shares-of-adobe-systems-incorporated-adbe.html.

Other large investors also recently bought and sold shares of the company. The value of the company's investment in Adobe Systems Incorporated increased from $4,568,000 to $4,853,000 a change of 6.2% since the last quarter.

For investors it's vital to know about both type of ownership about firm, as institutional ownership is the percentage of a stock's float owned by institutions such as mutual funds, pension funds and endowments. Mitsubishi UFJ Securities Holdings Co. There were 50 sold out positions, amounting to 1.24 million shares. FMR LLC now owns 35,647,268 shares of the software company's stock worth $5,041,950,000 after buying an additional 1,651,762 shares during the last quarter. As of quarter end State of Alaska, Department of Revenue had bought a total of 864 shares growing its stake by 49.3%. Finally, Janus Henderson Group PLC increased its stake in shares of Adobe Systems by 784.4% during the 2nd quarter. This figure is found by taking the postscript price and multiplying it by the total number of shares outstanding.

More notable recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Seekingalpha.com which released: "Adobe Moves Closer To Microsoft" on September 21, 2017, also Investorplace.com with their article: "3 Stocks to Watch on Wednesday: Adobe Systems Incorporated (ADBE), Bed Bath ..." published on September 20, 2017, Investorplace.com published: "Buy Adobe Systems Incorporated (ADBE) Stock on This Irrational Selloff" on October 11, 2017.

Shares of Adobe Systems Incorporated closed the previous trading session at with shares trading hands. The stock's 50 day moving average price is $152.02 and its 200 day moving average price is $143.47. Adobe Systems Incorporated has a one year low of $98.00 and a one year high of $157.89. The company has a market cap of $73.17 billion, a price-to-earnings ratio of 46.66 and a beta of 0.99. During the same period a year ago, the firm posted $0.75 earnings per share. The Return on Assets for Adobe Systems Incorporated (NasdaqGS:ADBE) is 0.128727. Adobe Systems's quarterly revenue was up 25.8% on a year-over-year basis. The Free Cash Flow Yield 5 Year Average of Adobe Systems Incorporated (NasdaqGS:ADBE) is 0.015358.

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Adobe Systems Incorporated (ADBE) stock price rose 42.51 percent over the past one year, while increased 19.28 percent during the past 6 months.

Several research firms have recently issued reports on ADBE. Robert W. Baird set a $160.00 target price on shares of Adobe Systems and gave the stock a "buy" rating in a report on Friday, October 6th. Credit Suisse Group reaffirmed a "positive" rating and issued a $170.00 price objective (up from $160.00) on shares of Adobe Systems in a research note on Wednesday, September 20th. Finally, Wunderlich restated a "buy" rating and set a $165.00 price objective (up from $145.00) on shares of Adobe Systems in a research note on Wednesday, June 21st. Adobe Systems Incorporated (NasdaqGS:ADBE) has an M-Score of -2.573779. Cowen & Co maintained the stock with "Buy" rating in Thursday, July 27 report.

There are 1 sell rating, 6 hold ratings, 22 buy ratings on the stock.

Price targets show what analysts believes a stock will be worth at the end of a certain time period. The stock declined 0.27% or $0.4 reaching $150.06 per share. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The shares were sold at an average price of $149.38, for a total value of $1,867,250.00. Acrospire Investment Management LLC now owns 1,000 shares of the software company's stock worth $141,000 after acquiring an additional 500 shares during the period.

While under theory that management are shareholders, many value investors look for stocks with a high percent of insider ownership, because they will act in its own self interest, as well create shareholder value in the long-term.

Want to see what other hedge funds are holding ADBE?


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