Adobe Systems Incorporated (NASDAQ:ADBE) Director John E. Warnock sold 6,800 shares of the business’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $174.20, for a total value of $1,184,560.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Adobe Systems Incorporated (ADBE) traded down 0.34% during midday trading on Tuesday, reaching $171.58. The company’s stock had a trading volume of 2,658,523 shares. The firm has a market cap of $84.58 billion, a price-to-earnings ratio of 53.94 and a beta of 0.99. Adobe Systems Incorporated has a 1-year low of $98.00 and a 1-year high of $175.87. The company has a 50 day moving average price of $153.55 and a 200 day moving average price of $144.87.

Adobe Systems (NASDAQ:ADBE) last released its quarterly earnings data on Tuesday, September 19th. The software company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.01 by $0.09. Adobe Systems had a return on equity of 21.40% and a net margin of 23.06%. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the company posted $0.75 earnings per share. The firm’s revenue was up 25.8% compared to the same quarter last year. On average, equities research analysts expect that Adobe Systems Incorporated will post $4.22 EPS for the current year.

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A number of large investors have recently added to or reduced their stakes in the business. Waldron LP increased its position in shares of Adobe Systems by 96.9% during the first quarter. Waldron LP now owns 5,487 shares of the software company’s stock worth $689,000 after acquiring an additional 2,701 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Adobe Systems by 1.0% during the first quarter. Envestnet Asset Management Inc. now owns 228,125 shares of the software company’s stock worth $29,684,000 after acquiring an additional 2,311 shares during the last quarter. San Francisco Sentry Investment Group CA increased its position in shares of Adobe Systems by 2.2% during the first quarter. San Francisco Sentry Investment Group CA now owns 5,746 shares of the software company’s stock worth $748,000 after acquiring an additional 122 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Adobe Systems by 4.1% during the first quarter. Pacer Advisors Inc. now owns 14,458 shares of the software company’s stock worth $1,881,000 after acquiring an additional 576 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in shares of Adobe Systems by 69.1% during the first quarter. Nordea Investment Management AB now owns 261,706 shares of the software company’s stock worth $34,056,000 after acquiring an additional 106,905 shares during the last quarter. 87.52% of the stock is currently owned by institutional investors.

A number of equities analysts have weighed in on ADBE shares. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Adobe Systems in a research report on Monday, June 26th. BidaskClub lowered Adobe Systems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 4th. Vetr raised Adobe Systems from a “hold” rating to a “buy” rating and set a $157.68 target price for the company in a research report on Tuesday, July 18th. Royal Bank Of Canada reissued a “buy” rating and issued a $157.00 target price on shares of Adobe Systems in a research report on Monday, July 31st. Finally, Jefferies Group LLC started coverage on Adobe Systems in a research report on Thursday, August 24th. They issued a “buy” rating and a $175.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $168.94.

About Adobe Systems

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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