Rosenblum Silverman Sutton S F Inc. CA trimmed its holdings in shares of Adobe Systems Incorporated (NASDAQ:ADBE) by 0.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,696 shares of the software company’s stock after selling 344 shares during the period. Adobe Systems comprises approximately 3.2% of Rosenblum Silverman Sutton S F Inc. CA’s portfolio, making the stock its 8th largest position. Rosenblum Silverman Sutton S F Inc. CA’s holdings in Adobe Systems were worth $8,019,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. FMR LLC boosted its position in Adobe Systems by 0.4% during the first quarter. FMR LLC now owns 33,995,506 shares of the software company’s stock valued at $4,423,835,000 after buying an additional 139,986 shares during the period. Vanguard Group Inc. boosted its position in Adobe Systems by 2.9% during the first quarter. Vanguard Group Inc. now owns 33,055,251 shares of the software company’s stock valued at $4,301,480,000 after buying an additional 937,118 shares during the period. BlackRock Inc. boosted its position in Adobe Systems by 1,894.1% during the first quarter. BlackRock Inc. now owns 31,823,942 shares of the software company’s stock valued at $4,141,250,000 after buying an additional 30,228,013 shares during the period. State Street Corp boosted its position in Adobe Systems by 1.2% during the first quarter. State Street Corp now owns 19,516,573 shares of the software company’s stock valued at $2,539,679,000 after buying an additional 234,270 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in Adobe Systems by 7.0% during the first quarter. Ameriprise Financial Inc. now owns 5,332,348 shares of the software company’s stock valued at $693,890,000 after buying an additional 349,088 shares during the period. Institutional investors and hedge funds own 87.40% of the company’s stock.

In related news, EVP Donna Morris sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $145.00, for a total transaction of $725,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John E. Warnock sold 32,600 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The stock was 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 of the company’s stock, valued at approximately $2,317,798.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 101,959 shares of company stock valued at $14,870,874. 0.38% of the stock is currently owned by company insiders.

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Shares of Adobe Systems Incorporated (ADBE) opened at 155.77 on Tuesday. The stock has a market cap of $76.86 billion, a PE ratio of 54.26 and a beta of 1.00. Adobe Systems Incorporated has a 12-month low of $98.00 and a 12-month high of $157.89. The stock’s 50 day moving average is $151.32 and its 200-day moving average is $139.89.

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

Several analysts have issued reports on the stock. Credit Suisse Group lowered shares of Adobe Systems to a “hold” rating and set a $160.00 price target for the company. in a research report on Sunday. Barclays PLC restated a “buy” rating and set a $167.00 price target on shares of Adobe Systems in a research report on Friday. Zacks Investment Research lowered shares of Adobe Systems from a “hold” rating to a “sell” rating in a research report on Thursday, September 14th. Piper Jaffray Companies restated a “buy” rating and set a $180.00 price target on shares of Adobe Systems in a research report on Tuesday, September 12th. Finally, Jefferies Group LLC restated a “buy” rating and set a $175.00 price target on shares of Adobe Systems in a research report on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $154.41.

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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