Bbva Compass Bancshares Inc. decreased its stake in shares of Adobe Systems Incorporated (NASDAQ:ADBE) by 12.6% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 5,863 shares of the software company’s stock after selling 848 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Adobe Systems were worth $763,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ADBE. Delta Lloyd NV boosted its position in shares of Adobe Systems by 3.9% in the third quarter. Delta Lloyd NV now owns 157,455 shares of the software company’s stock valued at $17,090,000 after buying an additional 5,975 shares during the period. CG Asset Management LLC boosted its position in shares of Adobe Systems by 7.9% in the third quarter. CG Asset Management LLC now owns 28,665 shares of the software company’s stock valued at $3,111,000 after buying an additional 2,090 shares during the period. State Treasurer State of Michigan boosted its position in shares of Adobe Systems by 38.6% in the third quarter. State Treasurer State of Michigan now owns 888,165 shares of the software company’s stock valued at $96,401,000 after buying an additional 247,400 shares during the period. Decatur Capital Management Inc. boosted its position in shares of Adobe Systems by 2.8% in the third quarter. Decatur Capital Management Inc. now owns 134,070 shares of the software company’s stock valued at $14,552,000 after buying an additional 3,650 shares during the period. Finally, Mar Vista Investment Partners LLC boosted its position in shares of Adobe Systems by 29.1% in the third quarter. Mar Vista Investment Partners LLC now owns 694,581 shares of the software company’s stock valued at $75,390,000 after buying an additional 156,415 shares during the period. Institutional investors and hedge funds own 87.93% of the company’s stock.

Institutional Ownership by Quarter for Adobe Systems (NASDAQ:ADBE)

Shares of Adobe Systems Incorporated (NASDAQ ADBE) traded up 0.23% during mid-day trading on Friday, reaching $137.84. The company had a trading volume of 4,205,798 shares. Adobe Systems Incorporated has a 1-year low of $90.35 and a 1-year high of $144.34. The stock’s 50-day moving average price is $138.38 and its 200 day moving average price is $122.20. The company has a market capitalization of $68.19 billion, a PE ratio of 52.63 and a beta of 0.98. Adobe Systems also saw some unusual options trading on Thursday. Stock investors purchased 2,564 call options on the stock. This represents an increase of 559% compared to the typical volume of 389 call options.

Adobe Systems (NASDAQ:ADBE) last issued its earnings results on Thursday, March 16th. The software company reported $0.94 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.07. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Adobe Systems had a return on equity of 18.69% and a net margin of 21.34%. The firm’s quarterly revenue was up 21.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.66 EPS. Equities analysts expect that Adobe Systems Incorporated will post $3.95 EPS for the current year.

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ADBE has been the topic of several recent research reports. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $121.00 price objective (up previously from $114.00) on shares of Adobe Systems in a research note on Saturday, March 11th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $160.00 price objective on shares of Adobe Systems in a research note on Wednesday, March 22nd. BTIG Research upgraded shares of Adobe Systems from a “neutral” rating to a “buy” rating and set a $151.00 price objective on the stock in a research note on Monday, March 27th. Zacks Investment Research upgraded shares of Adobe Systems from a “hold” rating to a “buy” rating and set a $141.00 price objective on the stock in a research note on Wednesday, March 22nd. Finally, Vetr cut shares of Adobe Systems from a “buy” rating to a “hold” rating and set a $147.85 price objective on the stock. in a research note on Thursday, May 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-six have given a buy rating to the company. Adobe Systems currently has a consensus rating of “Buy” and a consensus target price of $140.51.

In other news, EVP Ann Lewnes sold 2,233 shares of the stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $139.29, for a total transaction of $311,034.57. Following the completion of the transaction, the executive vice president now directly owns 61,944 shares in the company, valued at approximately $8,628,179.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Charles M. Geschke sold 59,550 shares of the stock in a transaction dated Monday, March 20th. The stock was sold at an average price of $125.95, for a total value of $7,500,322.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 88,482 shares of company stock valued at $11,290,058. Company insiders own 0.38% of the company’s stock.

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.

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