Oakbrook Investments LLC lessened its stake in Adobe Systems Incorporated (NASDAQ:ADBE) by 12.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,270 shares of the software company’s stock after selling 3,625 shares during the period. Oakbrook Investments LLC’s holdings in Adobe Systems were worth $4,428,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ADBE. Sterling Investment Advisors Ltd. lifted its stake in shares of Adobe Systems by 6.6% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 1,386 shares of the software company’s stock valued at $196,000 after acquiring an additional 86 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of Adobe Systems by 13,095.0% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 687,592 shares of the software company’s stock valued at $97,253,000 after acquiring an additional 682,381 shares during the last quarter. Bienville Capital Management LLC lifted its stake in shares of Adobe Systems by 1.6% in the 2nd quarter. Bienville Capital Management LLC now owns 2,032 shares of the software company’s stock valued at $287,000 after acquiring an additional 32 shares during the last quarter. IFM Investors Pty Ltd bought a new stake in shares of Adobe Systems in the 2nd quarter valued at about $1,916,000. Finally, Gareth Morgan Investments Limited Partnership bought a new stake in shares of Adobe Systems in the 2nd quarter valued at about $3,370,000. 87.08% of the stock is owned by institutional investors.

Adobe Systems Incorporated (ADBE) traded up $4.03 during mid-day trading on Thursday, hitting $196.49. The company’s stock had a trading volume of 2,969,300 shares, compared to its average volume of 2,595,391. Adobe Systems Incorporated has a 1 year low of $107.53 and a 1 year high of $198.21. 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 stock has a market cap of $96,050.00, a P/E ratio of 57.96, a price-to-earnings-growth ratio of 2.47 and a beta of 1.05.

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

A number of research analysts have commented on the company. Vetr lowered Adobe Systems from a “buy” rating to a “hold” rating and set a $199.00 price target for the company. in a research report on Monday. BidaskClub raised Adobe Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 9th. KeyCorp reaffirmed an “overweight” rating and set a $216.00 price target (up previously from $178.00) on shares of Adobe Systems in a research report on Wednesday, November 22nd. UBS Group assumed coverage on Adobe Systems in a research report on Thursday, November 9th. They set a “buy” rating and a $217.00 price target for the company. Finally, Zacks Investment Research lowered Adobe Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 21st. Nine analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. Adobe Systems presently has a consensus rating of “Buy” and a consensus target price of $187.00.

In related news, Director Robert K. Burgess sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $175.39, for a total value of $4,384,750.00. Following the sale, the director now owns 12,375 shares in the company, valued at approximately $2,170,451.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles M. Geschke sold 21,276 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $186.55, for a total value 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 worth $15,798,527 in the last quarter. Company insiders own 0.38% of the company’s stock.

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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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