Adobe Systems Inc. (NASDAQ:ADBE) EVP Michael A. Dillon sold 13,331 shares of Adobe Systems stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $109.64, for a total value of $1,461,610.84. Following the completion of the sale, the executive vice president now directly owns 30,993 shares of the company’s stock, valued at approximately $3,398,072.52. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Adobe Systems Inc. (NASDAQ:ADBE) opened at 108.05 on Thursday. The stock’s 50 day moving average price is $104.46 and its 200 day moving average price is $98.64. Adobe Systems Inc. has a 1-year low of $71.27 and a 1-year high of $110.13. The stock has a market capitalization of $53.73 billion, a PE ratio of 55.13 and a beta of 1.27.

Adobe Systems (NASDAQ:ADBE) last posted its quarterly earnings data on Tuesday, September 20th. The software company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.03. The business earned $1.46 billion during the quarter. Adobe Systems had a return on equity of 15.03% and a net margin of 17.86%. Adobe Systems’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 earnings per share. On average, equities research analysts predict that Adobe Systems Inc. will post $2.97 earnings per share for the current fiscal year.

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

Large investors have recently modified their holdings of the company. WFG Advisors LP raised its stake in shares of Adobe Systems by 27.3% in the second quarter. WFG Advisors LP now owns 1,147 shares of the software company’s stock worth $110,000 after buying an additional 246 shares in the last quarter. Advisory Services Network LLC raised its stake in shares of Adobe Systems by 13.5% in the second quarter. Advisory Services Network LLC now owns 1,237 shares of the software company’s stock worth $118,000 after buying an additional 147 shares in the last quarter. Integrated Investment Consultants LLC raised its stake in shares of Adobe Systems by 231.4% in the second quarter. Integrated Investment Consultants LLC now owns 1,339 shares of the software company’s stock worth $128,000 after buying an additional 935 shares in the last quarter. NEXT Financial Group Inc raised its stake in shares of Adobe Systems by 57.0% in the second quarter. NEXT Financial Group Inc now owns 1,440 shares of the software company’s stock worth $137,000 after buying an additional 523 shares in the last quarter. Finally, Cypress Capital Management LLC WY acquired a new stake in shares of Adobe Systems during the second quarter worth about $142,000. 87.72% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently weighed in on ADBE shares. Vetr raised Adobe Systems from a “sell” rating to a “hold” rating and set a $99.10 price objective for the company in a report on Thursday, September 8th. Robert W. Baird raised Adobe Systems from a “neutral” rating to an “outperform” rating and set a $85.00 target price for the company in a report on Thursday, August 25th. Cowen and Company lifted their target price on Adobe Systems to $115.00 and gave the company an “outperform” rating in a report on Friday, September 16th. Argus lifted their target price on Adobe Systems from $110.00 to $127.00 and gave the company a “buy” rating in a report on Friday, September 23rd. Finally, Royal Bank Of Canada lifted their target price on Adobe Systems from $115.00 to $116.00 and gave the company an “outperform” rating in a report on Wednesday, September 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-two have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $111.37.

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.

5 Day Chart for NASDAQ:ADBE

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