Winslow Evans & Crocker Inc. decreased its holdings in shares of Adobe Systems Incorporated (NASDAQ:ADBE) by 42.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,680 shares of the software company’s stock after selling 2,680 shares during the quarter. Winslow Evans & Crocker Inc.’s holdings in Adobe Systems were worth $645,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of ADBE. Janus Henderson Group PLC grew its holdings in shares of Adobe Systems by 784.4% during the second quarter. Janus Henderson Group PLC now owns 11,226,707 shares of the software company’s stock valued at $1,587,936,000 after buying an additional 9,957,241 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Adobe Systems by 8.2% during the second quarter. BlackRock Inc. now owns 34,445,217 shares of the software company’s stock valued at $4,871,931,000 after buying an additional 2,621,275 shares in the last quarter. FMR LLC grew its holdings in shares of Adobe Systems by 4.9% during the second quarter. FMR LLC now owns 35,647,268 shares of the software company’s stock valued at $5,041,950,000 after buying an additional 1,651,762 shares in the last quarter. Polen Capital Management LLC grew its holdings in shares of Adobe Systems by 31.5% during the second quarter. Polen Capital Management LLC now owns 6,062,530 shares of the software company’s stock valued at $857,484,000 after buying an additional 1,452,892 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Adobe Systems by 45.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,833,692 shares of the software company’s stock valued at $542,237,000 after buying an additional 1,190,108 shares in the last quarter. Institutional investors and hedge funds own 87.08% of the company’s stock.
In related news, EVP Ann Lewnes sold 1,953 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $181.19, for a total transaction of $353,864.07. Following the completion of the transaction, the executive vice president now owns 52,450 shares of the company’s stock, valued at approximately $9,503,415.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy Banse acquired 1,125 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were acquired at an average cost of $177.35 per share, with a total value of $199,518.75. Following the transaction, the director now directly owns 31,453 shares in the company, valued at approximately $5,578,189.55. The disclosure for this purchase can be found here. Insiders have sold a total of 81,972 shares of company stock valued at $14,613,967 in the last three months. 0.38% of the stock is owned by insiders.
Adobe Systems Incorporated (NASDAQ ADBE) traded down $0.47 during midday trading on Friday, hitting $195.73. The company had a trading volume of 2,342,979 shares, compared to its average volume of 2,900,000. Adobe Systems Incorporated has a fifty-two week low of $108.04 and a fifty-two week high of $198.21. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.23. The firm has a market cap of $96,480.00, a PE ratio of 57.74, a PEG ratio of 2.52 and a beta of 1.05.
Adobe Systems (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, December 14th. The software company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.10. Adobe Systems had a return on equity of 22.57% and a net margin of 23.20%. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the previous year, the firm earned $0.90 EPS. The firm’s revenue was up 24.8% compared to the same quarter last year. sell-side analysts predict that Adobe Systems Incorporated will post 4.58 earnings per share for the current fiscal year.
A number of brokerages have recently weighed in on ADBE. Vetr downgraded Adobe Systems from a “buy” rating to a “hold” rating and set a $199.00 price target on the stock. in a report on Monday. BidaskClub upgraded Adobe Systems from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 9th. Stephens restated a “buy” rating and issued a $210.00 target price on shares of Adobe Systems in a research note on Wednesday, January 3rd. Zacks Investment Research downgraded Adobe Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Finally, Robert W. Baird restated a “buy” rating and issued a $200.00 target price on shares of Adobe Systems in a research note on Friday, December 15th. Nine investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $187.00.
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Adobe Systems 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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