Adobe Systems Incorporated (ADBE) Shares Bought by WINTON GROUP Ltd
WINTON GROUP Ltd boosted its position in Adobe Systems Incorporated (NASDAQ:ADBE) by 71.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 101,779 shares of the software company’s stock after acquiring an additional 42,550 shares during the quarter. WINTON GROUP Ltd’s holdings in Adobe Systems were worth $14,396,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. FMR LLC boosted its position in Adobe Systems by 4.9% in 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. BlackRock Inc. lifted 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 worth $4,871,931,000 after purchasing an additional 2,621,275 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Adobe Systems by 2.9% during the second quarter. Vanguard Group Inc. now owns 33,998,738 shares of the software company’s stock worth $4,808,783,000 after purchasing an additional 943,487 shares during the period. State Street Corp lifted its holdings in shares of Adobe Systems by 1.2% during the first quarter. State Street Corp now owns 19,516,573 shares of the software company’s stock worth $2,539,679,000 after purchasing an additional 234,270 shares during the period. Finally, Janus Henderson Group PLC lifted 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 worth $1,587,936,000 after purchasing an additional 9,957,241 shares during the period. Hedge funds and other institutional investors own 87.49% of the company’s stock.
ADBE has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Adobe Systems from a “hold” rating to a “sell” rating in a report on Thursday, September 14th. Vetr lowered shares of Adobe Systems from a “hold” rating to a “sell” rating and set a $150.30 target price on the stock. in a report on Thursday, August 31st. Robert W. Baird set a $160.00 price target on shares of Adobe Systems and gave the company a “buy” rating in a research note on Friday, October 6th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $157.00 price target on shares of Adobe Systems in a research note on Monday, July 31st. Finally, BidaskClub raised shares of Adobe Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $158.16.
Shares of Adobe Systems Incorporated (NASDAQ ADBE) traded down 2.38% on Monday, hitting $150.27. 1,417,970 shares of the company traded hands. Adobe Systems Incorporated has a 1-year low of $98.00 and a 1-year high of $157.89. The firm’s 50-day moving average is $152.02 and its 200 day moving average is $143.47. The firm has a market capitalization of $74.07 billion, a P/E ratio of 47.24 and a beta of 0.99.
Adobe Systems (NASDAQ:ADBE) last issued its quarterly earnings data on Tuesday, September 19th. The software company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.09. Adobe Systems had a return on equity of 21.40% and a net margin of 23.06%. The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the firm earned $0.75 EPS. Adobe Systems’s quarterly revenue was up 25.8% on a year-over-year basis. On average, analysts anticipate that Adobe Systems Incorporated will post $4.22 earnings per share for the current fiscal year.
In related news, EVP Ann Lewnes sold 1,953 shares of the firm’s 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 sale, the executive vice president now directly owns 56,356 shares in the company, valued at approximately $8,784,773.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Donna Morris sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $150.00, for a total value of $1,500,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,359 shares of company stock worth $4,255,181. 0.38% of the stock is currently owned by company insiders.
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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