UMB Bank N A MO lessened its holdings in Adobe Systems Incorporated (NASDAQ:ADBE) by 21.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,268 shares of the software company’s stock after selling 7,498 shares during the period. UMB Bank N A MO’s holdings in Adobe Systems were worth $4,778,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. FTB Advisors Inc. boosted its position in Adobe Systems by 1.2% in the 2nd quarter. FTB Advisors Inc. now owns 2,728 shares of the software company’s stock valued at $395,000 after buying an additional 33 shares during the period. People s United Financial Inc. lifted its position in shares of Adobe Systems by 0.3% during the 2nd quarter. People s United Financial Inc. now owns 13,776 shares of the software company’s stock worth $1,948,000 after purchasing an additional 40 shares during the last quarter. Associated Banc Corp lifted its position in shares of Adobe Systems by 1.5% during the 2nd quarter. Associated Banc Corp now owns 4,165 shares of the software company’s stock worth $589,000 after purchasing an additional 60 shares during the last quarter. WFG Advisors LP lifted its position in shares of Adobe Systems by 5.9% during the 2nd quarter. WFG Advisors LP now owns 1,338 shares of the software company’s stock worth $189,000 after purchasing an additional 75 shares during the last quarter. Finally, Frontier Wealth Management LLC lifted its position in shares of Adobe Systems by 4.2% during the 2nd quarter. Frontier Wealth Management LLC now owns 2,476 shares of the software company’s stock worth $350,000 after purchasing an additional 100 shares during the last quarter. 87.09% of the stock is owned by institutional investors.

Shares of Adobe Systems Incorporated (NASDAQ:ADBE) opened at $197.84 on Tuesday. Adobe Systems Incorporated has a 1 year low of $110.30 and a 1 year high of $198.21. The firm has a market cap of $96,483.73, a price-to-earnings ratio of 58.36, a P/E/G ratio of 2.51 and a beta of 1.06. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.23.

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

Several equities research analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of Adobe Systems from $193.00 to $221.00 and gave the stock an “overweight” rating in a research report on Tuesday. Vetr cut shares of Adobe Systems from a “buy” rating to a “hold” rating and set a $199.00 price objective for the company. in a research report on Monday, January 15th. BidaskClub raised shares of Adobe Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 9th. Cowen reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Adobe Systems in a research report on Tuesday, October 3rd. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Adobe Systems in a research report 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 has a consensus rating of “Buy” and a consensus price target of $187.85.

In other Adobe Systems news, EVP Ann Lewnes sold 1,953 shares of Adobe Systems stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $173.50, for a total value of $338,845.50. Following the transaction, the executive vice president now directly owns 50,497 shares in the company, valued at $8,761,229.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Amy Banse acquired 1,125 shares of the company’s stock in a transaction on Monday, December 18th. The stock was acquired at an average price of $177.35 per share, for a total transaction of $199,518.75. Following the completion of the purchase, the director now owns 31,453 shares of the company’s stock, valued at approximately $5,578,189.55. The disclosure for this purchase can be found here. Over the last three months, insiders sold 79,782 shares of company stock valued at $14,234,177. 0.38% of the stock is owned by corporate insiders.

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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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Institutional Ownership by Quarter for Adobe Systems (NASDAQ:ADBE)

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