Allegis Investment Advisors LLC raised its position in shares of Adobe Systems Incorporated (NASDAQ:ADBE) by 16.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 17,372 shares of the software company’s stock after acquiring an additional 2,423 shares during the period. Adobe Systems accounts for 0.9% of Allegis Investment Advisors LLC’s investment portfolio, making the stock its 25th biggest position. Allegis Investment Advisors LLC’s holdings in Adobe Systems were worth $3,044,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Janus Henderson Group PLC grew its holdings in shares of Adobe Systems by 784.4% during the 2nd quarter. Janus Henderson Group PLC now owns 11,226,707 shares of the software company’s stock valued at $1,587,936,000 after acquiring an additional 9,957,241 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Adobe Systems by 45.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,833,692 shares of the software company’s stock valued at $542,237,000 after acquiring an additional 1,190,108 shares in the last quarter. PointState Capital LP purchased a new position in shares of Adobe Systems during the 2nd quarter valued at $101,992,000. Koch Industries Inc. grew its holdings in shares of Adobe Systems by 13,495.0% during the 2nd quarter. Koch Industries Inc. now owns 557,937 shares of the software company’s stock valued at $554,000 after acquiring an additional 553,833 shares in the last quarter. Finally, Atlantic Trust Group LLC grew its holdings in shares of Adobe Systems by 117.1% during the 3rd quarter. Atlantic Trust Group LLC now owns 1,024,227 shares of the software company’s stock valued at $152,795,000 after acquiring an additional 552,491 shares in the last quarter. 87.19% of the stock is currently owned by institutional investors.

Several equities analysts have recently commented on ADBE shares. Barclays boosted their price target on shares of Adobe Systems from $167.00 to $181.00 and gave the company an “overweight” rating in a report on Thursday, October 19th. Vetr cut shares of Adobe Systems from a “hold” rating to a “strong sell” rating and set a $152.41 price target on the stock. in a report on Thursday, October 19th. Cowen restated a “buy” rating and set a $200.00 price target on shares of Adobe Systems in a report on Monday, December 11th. Oppenheimer restated an “outperform” rating and set a $190.00 price target (up from $153.00) on shares of Adobe Systems in a report on Thursday, October 19th. Finally, Pivotal Research restated a “hold” rating and set a $162.00 price target (up from $160.00) on shares of Adobe Systems in a report on Friday, December 15th. Nine analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $197.79.

Adobe Systems Incorporated (NASDAQ:ADBE) opened at $192.34 on Thursday. The firm has a market cap of $94,810.00, a price-to-earnings ratio of 56.74, a price-to-earnings-growth ratio of 2.32 and a beta of 1.18. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.22. Adobe Systems Incorporated has a 52-week low of $114.45 and a 52-week high of $204.45.

Adobe Systems (NASDAQ:ADBE) last released its earnings results on Thursday, December 14th. The software company reported $1.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.10. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.95 billion. Adobe Systems had a net margin of 23.20% and a return on equity of 22.15%. The business’s revenue was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.90 EPS. equities analysts expect that Adobe Systems Incorporated will post 5.12 earnings per share for the current year.

In other news, EVP Ann Lewnes sold 1,953 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $173.50, for a total transaction of $338,845.50. Following the completion of the transaction, the executive vice president now owns 50,497 shares of the company’s stock, valued at $8,761,229.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Shantanu Narayen sold 165,023 shares of the company’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $197.89, for a total transaction of $32,656,401.47. The disclosure for this sale can be found here. In the last three months, insiders have sold 351,199 shares of company stock valued at $67,326,422. Company insiders own 0.38% of the company’s stock.

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

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