Adobe Systems Incorporated (NASDAQ:ADBE) EVP Ann Lewnes sold 1,953 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $155.88, for a total value of $304,433.64. Following the completion of the transaction, the executive vice president now directly owns 56,356 shares of the company’s stock, valued at approximately $8,784,773.28. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

  • 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 value of $286,466.04.
  • On Wednesday, July 12th, Ann Lewnes sold 1,953 shares of Adobe Systems stock. The stock was sold at an average price of $144.00, for a total value of $281,232.00.

Adobe Systems Incorporated (NASDAQ ADBE) opened at 154.49 on Friday. The company has a market capitalization of $76.23 billion, a PE ratio of 53.81 and a beta of 1.00. Adobe Systems Incorporated has a one year low of $98.00 and a one year high of $157.89. The company has a 50-day moving average price of $151.06 and a 200-day moving average price of $139.34.

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

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Several institutional investors and hedge funds have recently added to or reduced their stakes in ADBE. Clean Yield Group acquired a new position in shares of Adobe Systems during the 1st quarter worth about $100,000. Capital Advisors Ltd. LLC acquired a new position in shares of Adobe Systems during the 2nd quarter worth about $100,000. CWM LLC raised its position in shares of Adobe Systems by 11.8% during the 2nd quarter. CWM LLC now owns 748 shares of the software company’s stock worth $106,000 after purchasing an additional 79 shares during the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in shares of Adobe Systems during the 1st quarter worth about $113,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of Adobe Systems by 86.2% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,080 shares of the software company’s stock worth $141,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

ADBE has been the topic of several recent research reports. Robert W. Baird restated an “outperform” rating and issued a $160.00 price target (up previously from $140.00) on shares of Adobe Systems in a research note on Wednesday, June 21st. Zacks Investment Research upgraded Adobe Systems from a “hold” rating to a “buy” rating and set a $161.00 price target on the stock in a research note on Friday, June 23rd. Royal Bank Of Canada upped their price target on Adobe Systems from $135.00 to $157.00 and gave the stock an “outperform” rating in a research note on Thursday, May 25th. Vetr downgraded Adobe Systems from a “hold” rating to a “sell” rating and set a $150.30 price target on the stock. in a research note on Thursday, August 31st. Finally, Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Adobe Systems in a research note on Monday, June 26th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. Adobe Systems presently has a consensus rating of “Buy” and an average target price of $153.88.

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.

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

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