Adobe Systems Incorporated (NASDAQ:ADBE) EVP Ann Lewnes sold 1,953 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $155.88, for a total value of $304,433.64. Following the transaction, the executive vice president now directly owns 56,356 shares in the company, valued at $8,784,773.28. The sale was disclosed in a filing with the SEC, which is available through this link.

Ann Lewnes also recently made the following trade(s):

  • On Wednesday, August 9th, Ann Lewnes sold 1,953 shares of Adobe Systems stock. The shares were sold at an average price of $146.68, for a total value of $286,466.04.
  • On Wednesday, July 12th, Ann Lewnes sold 1,953 shares of Adobe Systems stock. The shares were sold at an average price of $144.00, for a total value of $281,232.00.

Shares of Adobe Systems Incorporated (NASDAQ:ADBE) traded down 0.83% during trading on Thursday, reaching $154.94. The company’s stock had a trading volume of 1,676,406 shares. The company has a 50 day moving average price of $150.82 and a 200 day moving average price of $139.09. The firm has a market capitalization of $76.45 billion, a P/E ratio of 53.97 and a beta of 1.00. Adobe Systems Incorporated has a 52 week low of $98.00 and a 52 week high of $157.89.

Adobe Systems (NASDAQ:ADBE) last released its earnings results on Tuesday, June 20th. The software company reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.07. Adobe Systems had a return on equity of 20.06% and a net margin of 22.11%. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the previous year, the firm posted $0.71 EPS. The firm’s quarterly revenue was up 26.7% on a year-over-year basis. On average, equities research analysts expect that Adobe Systems Incorporated will post $4.06 EPS for the current fiscal year.

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Several research analysts recently issued reports on ADBE shares. Vetr lowered Adobe Systems from a “strong-buy” rating to a “buy” rating and set a $157.24 target price on the stock. in a research report on Tuesday, June 20th. Canaccord Genuity reaffirmed a “buy” rating and set a $165.00 target price (up from $145.00) on shares of Adobe Systems in a research report on Wednesday, June 21st. BidaskClub raised Adobe Systems from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 16th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $157.00 target price on shares of Adobe Systems in a research report on Monday, July 31st. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Adobe Systems in a research report on Tuesday. Two analysts have rated the stock with a sell rating, six have given a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $153.88.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capital Advisors Ltd. LLC acquired a new stake in shares of Adobe Systems in the 2nd quarter worth approximately $100,000. CWM LLC grew its holdings in shares of Adobe Systems by 11.8% in the 2nd quarter. CWM LLC now owns 748 shares of the software company’s stock worth $106,000 after acquiring an additional 79 shares during the period. Clean Yield Group acquired a new stake in shares of Adobe Systems in the 1st quarter worth approximately $100,000. Signature Estate & Investment Advisors LLC acquired a new stake in shares of Adobe Systems in the 1st quarter worth approximately $113,000. Finally, Sumitomo Mitsui Financial Group Inc. acquired a new stake in shares of Adobe Systems in the 2nd quarter worth approximately $141,000. Institutional investors own 87.53% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Adobe Systems (NASDAQ:ADBE)

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