Adobe Systems Incorporated (NASDAQ:ADBE) EVP Ann Lewnes sold 1,953 shares of the firm’s stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $152.09, for a total transaction of $297,031.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Ann Lewnes also recently made the following trade(s):

  • On Wednesday, September 13th, Ann Lewnes sold 1,953 shares of Adobe Systems stock. The stock was sold at an average price of $155.88, for a total transaction of $304,433.64.
  • On Wednesday, August 9th, Ann Lewnes sold 1,953 shares of Adobe Systems stock. The stock was sold at an average price of $146.68, for a total transaction of $286,466.04.

Adobe Systems (NASDAQ:ADBE) last announced its quarterly earnings results on Tuesday, September 19th. The software company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.09. The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Adobe Systems had a return on equity of 21.40% and a net margin of 23.06%. Adobe Systems’s revenue was up 25.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.75 EPS.

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A number of research firms have recently issued reports on ADBE. Robert W. Baird set a $160.00 price target on shares of Adobe Systems and gave the stock a “buy” rating in a research report on Friday, October 6th. Cowen and Company restated an “outperform” rating and issued a $165.00 price target on shares of Adobe Systems in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded shares of Adobe Systems from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. BMO Capital Markets restated an “outperform” rating and issued a $165.00 price target on shares of Adobe Systems in a research report on Thursday, September 21st. Finally, Vetr upgraded shares of Adobe Systems from a “sell” rating to a “hold” rating and set a $146.89 price target on the stock in a research report on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Adobe Systems has an average rating of “Buy” and a consensus target price of $158.16.

Several hedge funds have recently made changes to their positions in ADBE. BlackRock Inc. increased its stake in shares of Adobe Systems by 1,894.1% in the 1st quarter. BlackRock Inc. now owns 31,823,942 shares of the software company’s stock valued at $4,141,250,000 after acquiring an additional 30,228,013 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Adobe Systems by 784.4% in the 2nd quarter. Janus Henderson Group PLC now owns 11,226,707 shares of the software company’s stock valued at $1,587,936,000 after acquiring an additional 9,957,241 shares during the last quarter. FMR LLC increased its stake in shares of Adobe Systems by 4.9% in the 2nd quarter. FMR LLC now owns 35,647,268 shares of the software company’s stock valued at $5,041,950,000 after acquiring an additional 1,651,762 shares during the last quarter. Egerton Capital UK LLP bought a new stake in shares of Adobe Systems in the 1st quarter valued at about $209,666,000. Finally, Polen Capital Management LLC increased its stake in shares of Adobe Systems by 31.5% in the 2nd quarter. Polen Capital Management LLC now owns 6,062,530 shares of the software company’s stock valued at $857,484,000 after acquiring an additional 1,452,892 shares during the last quarter. 87.51% of the stock is owned by institutional investors.

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.

Insider Buying and Selling by Quarter for Adobe Systems (NASDAQ:ADBE)

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