Adobe Systems Incorporated (NASDAQ:ADBE) was the recipient of some unusual options trading activity on Monday. Investors acquired 438 put options on the company. This is an increase of 152% compared to the typical volume of 174 put options.

In related news, EVP Ann Lewnes sold 2,233 shares of the business’s stock in a transaction on Wednesday, March 22nd. The shares were sold at an average price of $125.00, for a total value of $279,125.00. Following the completion of the sale, the executive vice president now directly owns 68,643 shares of the company’s stock, valued at $8,580,375. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Bryan Lamkin sold 20,000 shares of the business’s stock in a transaction on Friday, March 31st. The shares were sold at an average price of $130.30, for a total transaction of $2,606,000.00. Following the completion of the sale, the executive vice president now directly owns 52,083 shares of the company’s stock, valued at $6,786,414.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,932 shares of company stock valued at $3,789,736. 0.38% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. Guardian Life Insurance Co. of America boosted its position in shares of Adobe Systems by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,918 shares of the software company’s stock valued at $250,000 after buying an additional 13 shares in the last quarter. Perigon Wealth Management LLC boosted its position in shares of Adobe Systems by 0.4% in the first quarter. Perigon Wealth Management LLC now owns 2,972 shares of the software company’s stock valued at $387,000 after buying an additional 13 shares in the last quarter. Trust Co boosted its position in shares of Adobe Systems by 0.6% in the fourth quarter. Trust Co now owns 2,677 shares of the software company’s stock valued at $275,000 after buying an additional 15 shares in the last quarter. Alpha Windward LLC boosted its position in shares of Adobe Systems by 0.9% in the first quarter. Alpha Windward LLC now owns 1,655 shares of the software company’s stock valued at $215,000 after buying an additional 15 shares in the last quarter. Finally, Brown Advisory Securities LLC boosted its position in shares of Adobe Systems by 0.5% in the first quarter. Brown Advisory Securities LLC now owns 4,368 shares of the software company’s stock valued at $569,000 after buying an additional 21 shares in the last quarter. 87.93% of the stock is currently owned by institutional investors.

Shares of Adobe Systems (NASDAQ ADBE) traded up 1.812% on Monday, reaching $140.337. 2,007,953 shares of the company’s stock traded hands. The company has a 50 day moving average price of $138.38 and a 200 day moving average price of $122.20. The firm has a market capitalization of $69.42 billion, a price-to-earnings ratio of 53.584 and a beta of 0.98. Adobe Systems has a 52 week low of $90.35 and a 52 week high of $144.34.

Adobe Systems (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, March 16th. The software company reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.07. The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Adobe Systems had a net margin of 21.34% and a return on equity of 18.69%. The business’s revenue was up 21.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS. On average, equities research analysts predict that Adobe Systems will post $3.95 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on ADBE shares. Barclays PLC started coverage on shares of Adobe Systems in a research report on Tuesday, May 2nd. They issued an “overweight” rating and a $155.00 price target for the company. Guggenheim started coverage on shares of Adobe Systems in a research report on Wednesday, April 12th. They issued a “buy” rating and a $155.00 price target for the company. Credit Suisse Group raised shares of Adobe Systems from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $125.00 to $150.00 in a research report on Friday, March 24th. BTIG Research raised shares of Adobe Systems from a “neutral” rating to a “buy” rating and set a $151.00 price target for the company in a research report on Monday, March 27th. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $121.00 price target (up from $114.00) on shares of Adobe Systems in a research report on Saturday, March 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-six have assigned a buy rating to the company’s stock. Adobe Systems presently has an average rating of “Buy” and an average target price of $140.51.

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Adobe Systems Company Profile

Adobe Systems Incorporated is a software company. The Company offers 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.

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