Adobe Systems Incorporated (ADBE) Holdings Lifted by AMP Capital Investors Ltd

AMP Capital Investors Ltd boosted its holdings in Adobe Systems Incorporated (NASDAQ:ADBE) by 9.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 401,762 shares of the software company’s stock after buying an additional 36,112 shares during the period. AMP Capital Investors Ltd owned approximately 0.08% of Adobe Systems worth $59,935,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. 1ST Source Bank increased its position in shares of Adobe Systems by 0.3% during the second quarter. 1ST Source Bank now owns 1,847 shares of the software company’s stock valued at $261,000 after purchasing an additional 6 shares during the period. Trust Co. of Vermont increased its position in shares of Adobe Systems by 0.6% during the second quarter. Trust Co. of Vermont now owns 2,628 shares of the software company’s stock valued at $372,000 after purchasing an additional 16 shares during the period. Bank of Stockton increased its position in shares of Adobe Systems by 0.4% during the second quarter. Bank of Stockton now owns 5,255 shares of the software company’s stock valued at $743,000 after purchasing an additional 20 shares during the period. Bank of The West increased its position in shares of Adobe Systems by 0.5% during the second quarter. Bank of The West now owns 4,943 shares of the software company’s stock valued at $699,000 after purchasing an additional 25 shares during the period. Finally, Bienville Capital Management LLC increased its position in shares of Adobe Systems by 1.6% during the second quarter. Bienville Capital Management LLC now owns 2,032 shares of the software company’s stock valued at $287,000 after purchasing an additional 32 shares during the period. 87.45% of the stock is currently owned by institutional investors.

Adobe Systems Incorporated (ADBE) opened at $173.52 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 2.05. The company has a market capitalization of $82,587.66, a price-to-earnings ratio of 50.46, a price-to-earnings-growth ratio of 2.12 and a beta of 1.05. Adobe Systems Incorporated has a one year low of $100.89 and a one year high of $186.27.

Adobe Systems (NASDAQ:ADBE) last posted its quarterly earnings data on Tuesday, September 19th. The software company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.82 billion. Adobe Systems had a return on equity of 21.40% and a net margin of 23.06%. The business’s revenue was up 25.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.75 earnings per share. sell-side analysts expect that Adobe Systems Incorporated will post 3.46 EPS for the current year.

In other news, Director John E. Warnock sold 6,800 shares of the company’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $174.20, for a total transaction of $1,184,560.00. Following the transaction, the director now owns 16,088 shares of the company’s stock, valued at $2,802,529.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ann Lewnes sold 1,953 shares of the company’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $152.09, for a total value of $297,031.77. The disclosure for this sale can be found here. In the last three months, insiders sold 14,849 shares of company stock worth $2,519,679. Insiders own 0.38% of the company’s stock.

A number of analysts have recently issued reports on the company. Citigroup boosted their price objective on Adobe Systems from $163.00 to $177.00 and gave the company a “buy” rating in a research report on Thursday, October 19th. Vetr upgraded Adobe Systems from a “buy” rating to a “strong-buy” rating and set a $198.52 price objective on the stock in a research report on Wednesday, November 29th. Credit Suisse Group restated a “positive” rating and set a $170.00 price objective (up from $160.00) on shares of Adobe Systems in a research report on Wednesday, September 20th. Robert W. Baird restated a “buy” rating and set a $160.00 price objective on shares of Adobe Systems in a research report on Friday, September 1st. Finally, J P Morgan Chase & Co restated a “buy” rating and set a $185.00 price objective on shares of Adobe Systems in a research report on Thursday, October 19th. Five investment analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Adobe Systems currently has an average rating of “Buy” and an average target price of $176.50.

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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.

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

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