CLS Investments LLC grew its position in shares of Adobe Systems Incorporated (NASDAQ:ADBE) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,577 shares of the software company’s stock after purchasing an additional 72 shares during the quarter. CLS Investments LLC’s holdings in Adobe Systems were worth $1,779,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. increased its position in shares of Adobe Systems by 13.2% during the 2nd quarter. Pacer Advisors Inc. now owns 16,369 shares of the software company’s stock valued at $2,315,000 after purchasing an additional 1,911 shares during the last quarter. Utah Retirement Systems increased its position in shares of Adobe Systems by 1.2% during the 2nd quarter. Utah Retirement Systems now owns 90,522 shares of the software company’s stock valued at $12,803,000 after purchasing an additional 1,100 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Adobe Systems by 1.1% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,031,804 shares of the software company’s stock valued at $145,938,000 after purchasing an additional 10,888 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Adobe Systems by 15.3% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 115,096 shares of the software company’s stock valued at $16,279,000 after purchasing an additional 15,261 shares during the last quarter. Finally, Andra AP fonden increased its position in shares of Adobe Systems by 2.0% during the 2nd quarter. Andra AP fonden now owns 65,400 shares of the software company’s stock valued at $9,250,000 after purchasing an additional 1,300 shares during the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Adobe Systems Incorporated (ADBE) opened at 156.31 on Wednesday. The stock has a market cap of $77.12 billion, a PE ratio of 54.44 and a beta of 1.00. The stock has a 50 day moving average price of $150.25 and a 200-day moving average price of $138.58. Adobe Systems Incorporated has a 1-year low of $97.87 and a 1-year high of $157.89.

Adobe Systems (NASDAQ:ADBE) last announced its quarterly earnings data on Tuesday, June 20th. The software company reported $1.02 earnings per share (EPS) for the quarter, topping the 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 prior year, the firm earned $0.71 earnings per share. Adobe Systems’s revenue was up 26.7% compared to the same quarter last year. On average, equities analysts expect that Adobe Systems Incorporated will post $4.06 EPS for the current year.

In other Adobe Systems news, CMO Ann Lewnes sold 1,953 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $146.68, for a total transaction of $286,466.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John E. Warnock sold 32,600 shares of the company’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $144.07, for a total value of $4,696,682.00. Following the sale, the director now owns 16,088 shares of the company’s stock, valued at approximately $2,317,798.16. The disclosure for this sale can be found here. In the last three months, insiders sold 100,006 shares of company stock worth $14,566,440. 0.38% of the stock is owned by insiders.

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Several equities analysts have recently commented on the company. BMO Capital Markets reiterated an “outperform” rating on shares of Adobe Systems in a research report on Tuesday. Piper Jaffray Companies reiterated a “buy” rating and set a $180.00 price objective on shares of Adobe Systems in a research report on Tuesday. Jefferies Group LLC reiterated a “buy” rating and set a $175.00 price objective on shares of Adobe Systems in a research report on Tuesday. BidaskClub upgraded Adobe Systems from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 16th. Finally, Vetr lowered Adobe Systems from a “buy” rating to a “hold” rating and set a $147.85 price objective on the stock. in a research report on Thursday, May 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus 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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