Appleton Partners Inc. MA increased its position in shares of Adobe Systems Incorporated (NASDAQ:ADBE) by 9.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,762 shares of the software company’s stock after buying an additional 2,440 shares during the period. Appleton Partners Inc. MA’s holdings in Adobe Systems were worth $4,865,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ADBE. Janus Henderson Group PLC increased its position 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 worth $1,587,936,000 after purchasing an additional 9,957,241 shares during the last quarter. BlackRock Inc. increased its position in shares of Adobe Systems by 8.2% in the 2nd quarter. BlackRock Inc. now owns 34,445,217 shares of the software company’s stock worth $4,871,931,000 after purchasing an additional 2,621,275 shares during the last quarter. FMR LLC increased its position 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 worth $5,041,950,000 after purchasing an additional 1,651,762 shares during the last quarter. Polen Capital Management LLC increased its position 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 worth $857,484,000 after purchasing an additional 1,452,892 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Adobe Systems by 45.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,833,692 shares of the software company’s stock worth $542,237,000 after purchasing an additional 1,190,108 shares during the last quarter. 87.08% of the stock is owned by institutional investors.

In other Adobe Systems news, Director Robert K. Burgess sold 25,000 shares of the business’s stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $175.39, for a total transaction of $4,384,750.00. Following the sale, the director now directly owns 12,375 shares in the company, valued at approximately $2,170,451.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles M. Geschke sold 21,276 shares of the business’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $186.55, for a total transaction of $3,969,037.80. The disclosure for this sale can be found here. Insiders have sold a total of 88,772 shares of company stock valued at $15,798,527 over the last three months. 0.38% of the stock is currently owned by company insiders.

Several research firms have recently weighed in on ADBE. BidaskClub raised shares of Adobe Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Vetr downgraded shares of Adobe Systems from a “strong-buy” rating to a “buy” rating and set a $200.90 target price for the company. in a research report on Wednesday, January 3rd. Stephens reissued a “buy” rating and issued a $210.00 target price on shares of Adobe Systems in a research report on Wednesday, January 3rd. Zacks Investment Research downgraded shares of Adobe Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Finally, Robert W. Baird reissued a “buy” rating and issued a $200.00 target price on shares of Adobe Systems in a research report on Friday, December 15th. Eight equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $187.06.

Adobe Systems Incorporated (NASDAQ:ADBE) traded up $5.05 during trading on Friday, reaching $193.97. 1,790,240 shares of the company’s stock were exchanged, compared to its average volume of 2,092,288. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 2.05. The firm has a market cap of $95,660.00, a price-to-earnings ratio of 57.22, a price-to-earnings-growth ratio of 2.38 and a beta of 1.05. Adobe Systems Incorporated has a 52-week low of $107.06 and a 52-week high of $188.94.

Adobe Systems (NASDAQ:ADBE) last posted its earnings results on Thursday, December 14th. The software company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.10. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.95 billion. Adobe Systems had a net margin of 23.20% and a return on equity of 22.57%. Adobe Systems’s revenue was up 24.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.90 EPS. research analysts anticipate that Adobe Systems Incorporated will post 4.58 earnings per share for the current year.

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About Adobe Systems

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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