Connors Investor Services Trimmed Its Adobe Systems (ADBE) Stake; ADVA OPTICAL NETWORKING SE ORDINARY SHAR (ADVOF) Shorts Raised By 0.14%

June 18, 2018 - By Adrian Erickson

Adobe Systems Incorporated (NASDAQ:ADBE) Logo

Connors Investor Services Inc decreased Adobe Systems (ADBE) stake by 6.4% reported in 2018Q1 SEC filing. Connors Investor Services Inc sold 3,830 shares as Adobe Systems (ADBE)’s stock rose 14.81%. The Connors Investor Services Inc holds 56,055 shares with $12.11M value, down from 59,885 last quarter. Adobe Systems now has $125.61 billion valuation. The stock increased 1.29% or $3.25 during the last trading session, reaching $255.07. About 2.24M shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 70.50% since June 18, 2017 and is uptrending. It has outperformed by 57.93% the S&P500. Some Historical ADBE News: ; 19/03/2018 – PRESS RELEASE – ENEL SELLS ENERGY FROM NEW US WIND FARM TO FACEBOOK AND ADOBE; 20/03/2018 – Facebook and Adobe to buy wind power from Nebraska facility; 26/03/2018 – Barron’s: Adobe: Some Serious Risks Lurk in JMP’s Sudden Downgrade; 12/03/2018 – PCM Named Adobe 2017 Americas Partner of the Year; 26/03/2018 – WIPRO, ADOBE TO OFFER ENHANCED DIGITAL SERVICES AND SOLUTIONS; 21/05/2018 – Permira Announces Sale of Magento Commerce to Adobe for US$1.68 billion; 13/04/2018 – Adobe Systems: Ricks is CEO of Eli Lilly; 16/04/2018 – Invoca Releases New Extension for Adobe Cloud Platform Launch; 22/05/2018 – Adobe Announces Magento Move to Beat Shopify: MageMail Analysis; 13/04/2018 – Adobe Names David A. Ricks to Its Bd of Directors

ADVA OPTICAL NETWORKING SE ORDINARY SHAR (OTCMKTS:ADVOF) had an increase of 0.14% in short interest. ADVOF’s SI was 286,100 shares in June as released by FINRA. Its up 0.14% from 285,700 shares previously. With 200 avg volume, 1431 days are for ADVA OPTICAL NETWORKING SE ORDINARY SHAR (OTCMKTS:ADVOF)’s short sellers to cover ADVOF’s short positions. The SI to ADVA OPTICAL NETWORKING SE ORDINARY SHAR’s float is 0.83%. It closed at $7.542 lastly. It is down 0.00% since June 18, 2017 and is . It has underperformed by 12.57% the S&P500.

ADVA Optical Networking SE develops, makes, and sells optical and Ethernet networking solutions to telecommunications carriers and enterprises to deliver data, storage, voice, and video services. The company has market cap of $371.14 million. It offers scalable optical transport solutions, such as FSP 3000 and FSP 3000 CloudConnect; packet edge and aggregation products; and network virtualization products comprising ensemble connectors, ensemble orchestrators, ensemble analytics, ensemble controllers, and ensemble network controllers, as well as FSP 150 ProVMi and FSP 150VMe. It currently has negative earnings. The firm also provides timing and synchronization products; fiber assurance products; and automated network management products, such as FSP service manager, FSP network manager, and FSP network hypervisor that offers an unified platform for network operations.

More notable recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Seekingalpha.com which released: “Will Adobe Pop After Earnings?” on June 13, 2018, also Seekingalpha.com with their article: “Adobe Systems -3% despite Q2 beats (update)” published on June 14, 2018, Seekingalpha.com published: “Adobe: High Volatility Come Earnings Time” on June 14, 2018. More interesting news about Adobe Systems Incorporated (NASDAQ:ADBE) were released by: Thestreet.com and their article: “Adobe Is Still a Cloud King” published on June 15, 2018 as well as 247Wallst.com‘s news article titled: “Record Revenue Not Enough to Pull Up Adobe” with publication date: June 15, 2018.

Connors Investor Services Inc increased Nv5 Holdings Inc (NASDAQ:NVEE) stake by 18,218 shares to 54,545 valued at $3.04M in 2018Q1. It also upped Palo Alto Networks (NYSE:PANW) stake by 4,515 shares and now owns 45,645 shares. Walgreens Boots Alliance was raised too.

Investors sentiment increased to 0.9 in Q1 2018. Its up 0.01, from 0.89 in 2017Q4. It is positive, as 35 investors sold ADBE shares while 418 reduced holdings. 136 funds opened positions while 271 raised stakes. 405.65 million shares or 1.16% less from 410.42 million shares in 2017Q4 were reported. Bender Robert And Associates holds 2.76% or 23,024 shares. Fort Washington Invest Inc Oh owns 5,865 shares. 159,712 were reported by Ithaka Grp Incorporated Llc. Tiaa Cref Inv Ltd Limited Liability Company owns 3.22M shares. Hudson Bay Mgmt Limited Partnership accumulated 1,800 shares or 0.01% of the stock. Tradition Management Limited Liability Corporation invested in 0.18% or 2,850 shares. State Farm Mutual Automobile Insurance invested in 0.1% or 336,135 shares. Koch Industries Inc stated it has 0.07% in Adobe Systems Incorporated (NASDAQ:ADBE). Genesee Valley Tru Com stated it has 1.73% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Glenmede Trust Company Na holds 65,441 shares or 0.05% of its portfolio. City holds 275 shares. Shell Asset Mgmt Company owns 51,555 shares. Howe & Rusling accumulated 1.2% or 30,713 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh owns 0.48% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 55,182 shares. Usca Ria Lc invested 0.06% in Adobe Systems Incorporated (NASDAQ:ADBE).

Analysts await Adobe Systems Incorporated (NASDAQ:ADBE) to report earnings on June, 19. They expect $1.25 EPS, up 54.32% or $0.44 from last year’s $0.81 per share. ADBE’s profit will be $615.59M for 51.01 P/E if the $1.25 EPS becomes a reality. After $1.28 actual EPS reported by Adobe Systems Incorporated for the previous quarter, Wall Street now forecasts -2.34% negative EPS growth.

Since December 18, 2017, it had 0 buys, and 16 insider sales for $87.63 million activity. On Wednesday, April 18 the insider Lewnes Ann sold $680,503. On Monday, March 19 WARNOCK JOHN E sold $1.12 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) or 5,000 shares. The insider DILLON MICHAEL A sold $1.26M. LAMKIN BRYAN also sold $5.97 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) shares. $5.81 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by Morris Donna on Wednesday, January 24. 21,276 shares were sold by GESCHKE CHARLES M, worth $3.97M. Shares for $10.16 million were sold by THOMPSON MATTHEW.

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