The company is so far trading up by 2.10% since yesterday’s close of $149.26. Shares last traded at $152.40 which is just over the 50 day moving average of $146.81 and which is impressively higher than the 200 day moving average of $134.92. The 50 day moving average went up $5.39 or +3.67% whereas the 200 day moving average was up $17.28 or +12.81%.
There has been some selling insider activity on Adobe Systems Incorporated (NASDAQ:ADBE) recently. EVP Ann Lewnes sold 1,953 shares at an average price of $146.68 on August 9th. That brings the EVP’s holdings to $8,552,764 as recorded in a recent Form 4 SEC filing. Ann Lewnes, EVP sold $281,232 worth of shares at an average price of $144.00 on Wed the 12th. The EVP now owns $8,638,704 of the stock as reported to the SEC.
EVP Ann Lewnes sold 2,233 shares at an average price of $139.29 on Wed the 14th. Lewnes now owns $8,628,180 of stock per an SEC filing yesterday.
Adobe Systems Incorporated, launched on May 9, 1997, is a software company. The Company offers a line of products and services used by professionals, marketers, knowledge workers, application developers, enterprises and consumers for creating, managing, delivering, measuring, optimizing and engaging with compelling content and experiences across multiple operating systems, devices and media. The Company operates through three segments: Digital Media, Digital Marketing, and Print and Publishing. The Company markets and licenses its products and services directly to enterprise customers through its sales force and to end users through application stores and its own Website at www.adobe.com. It offers various products through a software-as-a-service (SaaS) model or a managed services model (both of which are referred to as a hosted or cloud-based model), as well as through term subscription and pay-per-use models..
These firms have also modified their investment in ADBE. Rnc Capital Management LLC grew its position by buying 14 shares an increase of 0.2% as of 06/30/2017. Rnc Capital Management LLC now holds 6,375 shares worth $902,000. The value of the position overall is up by 8.9%. As of the end of the quarter Sentry Investment Management LLC had disposed of a total of 3,740 shares trimming its stake by 9.7%. The value of the investment in (ADBE) decreased from $5,018,000 to $4,925,000 a change of $93,000 for the reporting period.
As of quarter end Wfg Advisors, Lp had bought 75 shares growing its holdings by 5.9%. The value of the company’s investment in Adobe Systems Incorporated went from $164,000 to $189,000 a change of 15.2% since the last quarter. Toronto Dominion Bank divested its holdings by selling 5,150 shares a decrease of 94.7% from 03/31/2017 to 06/30/2017. Toronto Dominion Bank claims 290 shares with a value of $41,000. The total value of its holdings decreased 94.2%.
On June 12 the company was downgraded from “Buy” to “Sell” in a report issued by Pivotal Research.
The most current P/E ratio is 53.01 and the market value is 75.10B. As of the latest earnings report the EPS was $2.87 and is expected to be $4.06 for the current year with 493,405,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $1.10 with next year’s EPS anticipated to be $5.10.