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.
WARNING: This story was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this report on another site, it was illegally stolen and republished in violation of US & global copyright laws.
About 100 people still reported missing in California fires
About 90 percent of Napa's grape harvest had been picked and escaped exposure to smoke that could have tainted the fruit. The group's spokeswoman, Patsy McGaughy, said the 2017 Napa vintage would likely be smaller than previously expected.
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?
Gemmer Asset Mngmt Limited Liability Company, California-based fund reported 901 shares. (NASDAQ:AMAT) for 13,008 shares. The firm has "Sector Perform" rating given on Friday, August 14 by RBC Capital Markets. (NASDAQ:AMAT) for 14,300 shares.
Also, it has an estimated price-earnings (P/E) multiple of 26.83 and a trailing 12-month price-earnings (P/E) multiple of 61.67. You can get a sense of how sustainable that is by a levered free cash flow of $2.23 Billion over the past twelve months.
The nature of the blast is yet to be ascertained but the officials suspect that the explosion was aimed at the police vehicle. The truck was carrying police recruits, four of whom were killed, along with two passers-by on the city's eastern outskirts.
Conte was keen to sign Fernando Llorente from Swansea City but Tottenham hijacked that move, leaving the Blues empty-handed. Chelsea return to Champions League action on Wednesday night with a home clash against Serie A side Roma at Stamford Bridge.
It dived, as 91 investors sold SWN shares while 97 reduced holdings. 64 funds opened positions while 168 raised stakes. BMO Capital Markets downgraded Bristol-Myers Squibb Co (NYSE: BMY ) on Monday, January 25 to "Market Perform" rating.
The head-to-head record between the two legends still stands comfortably in favour of Nadal, who has won 23 of their 38 meetings. Along the way, Federer was 27-fold champion of the Masters and reduce the backlog from leading Nadal and Djokovic (for 30 wins).
Chyna reportedly lost as much as $92,500 per episode, and now she's taking action to recoup whatever she can from that cash pile. White's career and professional reputation, which she singlehandedly built from scratch-without the help of a famous last name.
At the same time, the net NPA also inched up to 3.12% as against 2.02% in the same quarter of the previous fiscal. The bank was expected to post a net profit of Rs1,318.30 crore, based on a poll of 20 analysts by Bloomberg .
Employees Retirement Association Of Colorado reported 0.02% of its portfolio in MGM Resorts International (NYSE: MGM ). The volume of MGM witnessed a shift from 8.03 million shares, based on a 50-day average, to 10.67 million shares.
Ted Meadows, a lawyer for the plaintiffs, in a statement said the ruling "represents a denial of justice for the Fox family". It was the nation's first verdict in which a jury awarded damages over claims that talc contributed to cancer.
Rio Tinto and former bosses hit with USA fraud charges
Rio Tinto said that it meant to "vigorously" defend itself against the allegations, adding that the SEC case was "unwarranted". The complaint alleges Albanese then repeated and reinforced the false outlook for the project in public statements.
Sreesanth cries foul after Kerala HC upholds life-time ban
Sreesanth was among 42 individuals chargesheeted by the Delhi Police under the Maharashtra Control of Organised Crime Act (MCOCA). In 2015, the BCCI Disciplinary Committee headed by the present Union minister Arun Jaitley slapped a life ban on Sreesanth.
Vegas Security Guard Hailed as Hero Is Lying Low
Mr Campos was due to appear on the Sean Hannity show on Fox, and do news interviews with CNN , CBS, ABC and NBC . The interviews were canceled and the head of his union had been unable to get in contact with him.
Diwali Festival Lunch in The Commons
Happy Diwali to you! Take 20-25 diyas and players have to write Happy Diwali with colored diyas in 10 mins. May Deepavali , the festival of lights illuminate your life and bring glory, prosperity, health and peace.
Google trials burrito delivery by drone in NSW
Under the service, residents can purchase items using the Project Wing smartphone app and have drones deliver the goods. The more tests the sensors go through, the better they become at protecting the UAVs from collision.
Nifty retreats from record highs; Axis Bank slumps
State Bank of India is now trading at Rs 245.7, down by Rs 5.45 or 2.17% from its previous closing of Rs 251.15 on the BSE . MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent having gained 10 of the past 12 sessions.
Wipro net up 6 per cent in September quarter
Bengaluru-headquartered Wipro posted revenue of Rs 13,469 crore, while revenue from core IT services was Rs 13,169 crore. The healthcare segment was a drag on Wipro's revenues during the quarter, falling 5.2% sequentially.
Adobe urges users patch Flash after malware attack; shares
It can also eavesdrop on video chats, record calls, view and copy a user's files, and perform other surveillance tasks. It said that in the case of the recent exploit, the attack began by an Office document delivered presumably by email.
Exxon Mobil Corporation (XOM) PT Set at $85.00 by Morgan Stanley
It turned negative, as 48 investors sold XOM shares while 822 reduced holdings. 17 funds opened positions while 43 raised stakes. Bank of America upgraded the stock to "Buy" rating in Thursday, May 11 report. (NASDAQ:ORIT) to report earnings on October, 25.