This Metric Explains Why Adobe’s Slip on Earnings is an Overreaction

On the other hand, Ken Griffin‘s Citadel Investment Group surged its stake by 72% 1.92 million shares, which made it the fourth-largest shareholder, followed by Philippe Laffont’s Coatue Management, which disclosed a new position of 1.91 million shares.  It should be also mentioned that all aforementioned investors, except for Citadel, allocated substantial chunks of their equity portfolios towards the holding in Adobe.

With this in mind, it all comes down to what analysts will say regarding Adobe Systems Incorporated (NASDAQ:ADBE). The company is bullish on its long-term prospects and today’s decline seems like an overreaction. The hedge fund sentiment that surrounds Adobe Systems Incorporated (NASDAQ:ADBE) also indicates that the company has some long-term potential even though the expectations of investors are not so upbeat as they were earlier this year.

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