Robeco Institutional Asset Management B.V. raised its position in shares of Adobe Systems Incorporated (NASDAQ:ADBE) by 150.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 115,301 shares of the software company’s stock after purchasing an additional 69,294 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Adobe Systems were worth $16,308,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. 1ST Source Bank lifted its holdings in Adobe Systems by 0.3% during the second quarter. 1ST Source Bank now owns 1,847 shares of the software company’s stock valued at $261,000 after purchasing an additional 6 shares in the last quarter. Guardian Life Insurance Co. of America lifted its holdings in Adobe Systems by 0.7% during 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 purchasing an additional 13 shares in the last quarter. Perigon Wealth Management LLC lifted its holdings in Adobe Systems by 0.4% during the first quarter. Perigon Wealth Management LLC now owns 2,972 shares of the software company’s stock valued at $387,000 after purchasing an additional 13 shares in the last quarter. Trust Co. of Vermont lifted its holdings in Adobe Systems by 0.6% during the second quarter. Trust Co. of Vermont now owns 2,628 shares of the software company’s stock valued at $372,000 after purchasing an additional 16 shares in the last quarter. Finally, Bank of Stockton lifted its holdings in Adobe Systems by 0.4% during the second quarter. Bank of Stockton now owns 5,255 shares of the software company’s stock valued at $743,000 after purchasing an additional 20 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

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In other Adobe Systems news, EVP Ann Lewnes sold 1,953 shares of Adobe Systems stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $144.00, for a total value of $281,232.00. Following the completion of the transaction, the executive vice president now directly owns 59,991 shares of the company’s stock, valued at approximately $8,638,704. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John E. Warnock sold 32,600 shares of Adobe Systems stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $144.07, for a total value of $4,696,682.00. Following the completion of the transaction, the director now directly owns 16,088 shares of the company’s stock, valued at $2,317,798.16. The disclosure for this sale can be found here. Insiders have sold a total of 102,239 shares of company stock valued at $14,877,475 over the last three months. Corporate insiders own 0.38% of the company’s stock.

Adobe Systems Incorporated (NASDAQ ADBE) opened at 156.87 on Tuesday. The company has a market capitalization of $77.40 billion, a PE ratio of 54.64 and a beta of 1.00. The stock has a 50 day moving average of $150.06 and a 200-day moving average of $138.45. Adobe Systems Incorporated has a 12-month low of $97.87 and a 12-month high of $157.89.

Adobe Systems (NASDAQ:ADBE) last issued its quarterly earnings data on Tuesday, June 20th. The software company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.07. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.73 billion. Adobe Systems had a return on equity of 20.06% and a net margin of 22.11%. The company’s quarterly revenue was up 26.7% on a year-over-year basis. During the same period last year, the company earned $0.71 EPS. Equities analysts expect that Adobe Systems Incorporated will post $4.06 earnings per share for the current year.

Several brokerages have weighed in on ADBE. BMO Capital Markets reaffirmed an “outperform” rating on shares of Adobe Systems in a report on Tuesday. Vetr downgraded shares of Adobe Systems from a “hold” rating to a “sell” rating and set a $150.30 target price on the stock. in a report on Thursday, August 31st. Robert W. Baird reissued a “buy” rating and issued a $160.00 target price on shares of Adobe Systems in a report on Friday, September 1st. Moffett Nathanson assumed coverage on shares of Adobe Systems in a report on Wednesday, September 6th. They issued a “buy” rating and a $195.00 target price on the stock. Finally, Jefferies Group LLC assumed coverage on shares of Adobe Systems in a report on Thursday, August 24th. They issued a “buy” rating and a $175.00 target price on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. Adobe Systems has an average rating of “Buy” and an average target price of $153.88.

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

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