Telenav, Inc. (TNAV) Forms $5.50 Double Bottom; Adobe Systems (ADBE) Has 1.11 Sentiment

Adobe Systems Incorporated operates as a diversified software firm worldwide. The company has market cap of $86.38 billion. 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. It has a 51.85 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.

Telenav, Inc. (TNAV) formed double bottom with $5.28 target or 4.00% below today’s $5.50 share price. Telenav, Inc. (TNAV) has $243.72 million valuation. It closed at $5.5 lastly. It is down 88.62% since December 31, 2016 and is uptrending. It has outperformed by 71.92% the S&P500.

Since January 1, 0001, it had 1 insider buy, and 6 selling transactions for $2.59 million activity.

Analysts await Adobe Systems Incorporated (NASDAQ:ADBE) to report earnings on March, 15. They expect $1.06 EPS, up 35.90% or $0.28 from last year’s $0.78 per share. ADBE’s profit will be $522.52 million for 41.33 P/E if the $1.06 EPS becomes a reality. After $1.05 actual EPS reported by Adobe Systems Incorporated for the previous quarter, Wall Street now forecasts 0.95% EPS growth.

The stock decreased 0.18% or $0.31 during the last trading session, reaching $175.24. About 1.81M shares traded. Adobe Systems Incorporated (ADBE) has risen 42.29% since December 31, 2016 and is uptrending. It has outperformed by 25.59% the S&P500.

Family Capital Trust Co holds 37.26% of its portfolio in Adobe Systems Incorporated for 494,348 shares. Suvretta Capital Management Llc owns 2.52 million shares or 10.61% of their US portfolio. Moreover, Polen Capital Management Llc has 7.55% invested in the company for 6.29 million shares. The New York-based Fic Capital Inc has invested 7.36% in the stock. Tiger Management L.L.C., a New York-based fund reported 225,800 shares.

Ratings analysis reveals 71% of Adobe Systems’s analysts are positive. Out of 7 Wall Street analysts rating Adobe Systems, 5 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $115.0 while the high is $150.0. The stock’s average target of $126.20 is -27.98% below today’s ($175.24) share price. ADBE was included in 7 notes of analysts from September 21, 2016. Pivotal Research maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Wednesday, September 21. Pivotal Research has “Buy” rating and $125.0 target. Wunderlich maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Thursday, November 3. Wunderlich has “Hold” rating and $115.0 target. The firm has “Outperform” rating given on Thursday, January 5 by BMO Capital Markets. RBC Capital Markets maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Wednesday, September 21. RBC Capital Markets has “Outperform” rating and $116.0 target. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Market Perform” rating given on Wednesday, January 11 by Wells Fargo. Guggenheim initiated Adobe Systems Incorporated (NASDAQ:ADBE) on Thursday, April 13 with “Buy” rating. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Buy” rating by Stifel Nicolaus on Wednesday, April 12.

Investors sentiment decreased to 0.81 in Q3 2017. Its down 0.16, from 0.97 in 2017Q2. It worsened, as 12 investors sold Telenav, Inc. shares while 24 reduced holdings. 7 funds opened positions while 22 raised stakes. 17.38 million shares or 6.37% less from 18.57 million shares in 2017Q2 were reported. Strs Ohio invested 0% in Telenav, Inc. (NASDAQ:TNAV). Clarivest Asset Mngmt Lc owns 6,742 shares. Tiaa Cref Investment Mngmt Lc has invested 0% in Telenav, Inc. (NASDAQ:TNAV). California State Teachers Retirement invested in 0% or 48,004 shares. Alliancebernstein Lp stated it has 0% of its portfolio in Telenav, Inc. (NASDAQ:TNAV). 219,080 were accumulated by Axa. Panagora Asset Mgmt invested in 2,490 shares or 0% of the stock. Voya Invest Lc holds 13,648 shares. 2.98 million are held by Ariel Investments. Essex Investment Management Ltd Liability owns 0.21% invested in Telenav, Inc. (NASDAQ:TNAV) for 244,268 shares. Prelude Cap Management Ltd Limited Liability Company holds 0.04% or 61,769 shares in its portfolio. 28,004 were reported by Deutsche Bancshares Ag. Manufacturers Life Insurance The has invested 0% in Telenav, Inc. (NASDAQ:TNAV). Equitec Proprietary Mkts Limited reported 169,263 shares. D E Shaw & has 118,994 shares.