Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Adobe Systems Incorporated (NASDAQ:ADBE) by 15.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 115,096 shares of the software company’s stock after buying an additional 15,261 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Adobe Systems were worth $16,279,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. 1ST Source Bank boosted its holdings in shares of Adobe Systems by 0.3% during the second quarter. 1ST Source Bank now owns 1,847 shares of the software company’s stock worth $261,000 after purchasing an additional 6 shares during the period. Guardian Life Insurance Co. of America boosted its holdings in shares of 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 worth $250,000 after purchasing an additional 13 shares during the period. Perigon Wealth Management LLC boosted its holdings in shares of Adobe Systems by 0.4% during the first quarter. Perigon Wealth Management LLC now owns 2,972 shares of the software company’s stock worth $387,000 after purchasing an additional 13 shares during the period. Trust Co. of Vermont boosted its holdings in shares of Adobe Systems by 0.6% during the second quarter. Trust Co. of Vermont now owns 2,628 shares of the software company’s stock worth $372,000 after purchasing an additional 16 shares during the period. Finally, Bank of Stockton boosted its holdings in shares of Adobe Systems by 0.4% during the second quarter. Bank of Stockton now owns 5,255 shares of the software company’s stock worth $743,000 after purchasing an additional 20 shares during the period. Institutional investors and hedge funds own 87.53% of the company’s stock.

In other Adobe Systems news, CMO Ann Lewnes sold 1,953 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $146.68, for a total transaction of $286,466.04. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John E. Warnock sold 32,600 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $144.07, for a total transaction of $4,696,682.00. Following the transaction, the director now owns 16,088 shares in the company, valued at approximately $2,317,798.16. The disclosure for this sale can be found here. Insiders have sold a total of 100,006 shares of company stock worth $14,566,440 in the last 90 days. 0.38% of the stock is currently owned by company insiders.

A number of analysts have recently weighed in on the stock. Piper Jaffray Companies reiterated a “buy” rating and set a $180.00 target price on shares of Adobe Systems in a report on Tuesday. Jefferies Group LLC reiterated a “buy” rating and set a $175.00 target price on shares of Adobe Systems in a report on Tuesday. BMO Capital Markets reiterated an “outperform” rating on shares of Adobe Systems in a report on Tuesday. Vetr upgraded shares of Adobe Systems from a “sell” rating to a “hold” rating and set a $150.30 target price for the company in a report on Wednesday, September 6th. Finally, BidaskClub upgraded shares of Adobe Systems from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $153.88.

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

Adobe Systems (NASDAQ:ADBE) last issued its quarterly earnings results on Tuesday, June 20th. The software company reported $1.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.07. Adobe Systems had a net margin of 22.11% and a return on equity of 20.06%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the business posted $0.71 EPS. Adobe Systems’s revenue for the quarter was up 26.7% compared to the same quarter last year. On average, analysts predict that Adobe Systems Incorporated will post $4.06 earnings per share for the current year.

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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