Cibc Bank USA purchased a new position in shares of Adobe Systems Incorporated (NASDAQ:ADBE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,151 shares of the software company’s stock, valued at approximately $202,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. FMR LLC increased its position in Adobe Systems by 4.9% during the second quarter. FMR LLC now owns 35,647,268 shares of the software company’s stock worth $5,041,950,000 after buying an additional 1,651,762 shares in the last quarter. BlackRock Inc. increased its position in 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 buying an additional 2,621,275 shares in the last quarter. Vanguard Group Inc. increased its position in 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 buying an additional 943,487 shares in the last quarter. Janus Henderson Group PLC increased its position in 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 buying an additional 9,957,241 shares in the last quarter. Finally, Polen Capital Management LLC increased its position in Adobe Systems by 3.7% during the third quarter. Polen Capital Management LLC now owns 6,288,816 shares of the software company’s stock worth $938,166,000 after buying an additional 226,286 shares in the last quarter. 87.08% of the stock is owned by institutional investors.

In related news, EVP Matthew Thompson sold 2,190 shares of Adobe Systems stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $173.42, for a total value of $379,789.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 completion of the transaction, the executive vice president now owns 50,497 shares in the company, valued at approximately $8,761,229.50. The disclosure for this sale can be found here. Insiders sold 81,972 shares of company stock worth $14,613,967 in the last quarter. 0.38% of the stock is owned by insiders.

Several research firms have weighed in on ADBE. Piper Jaffray Companies reissued a “buy” rating and set a $195.00 price target on shares of Adobe Systems in a research report on Thursday, October 19th. Zacks Investment Research raised Adobe Systems from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. Jefferies Group raised their price target on Adobe Systems to $205.00 and gave the stock a “buy” rating in a research report on Friday, December 15th. Robert W. Baird reissued a “buy” rating and set a $200.00 price target on shares of Adobe Systems in a research report on Friday, December 15th. Finally, KeyCorp restated an “overweight” rating and set a $216.00 price objective (up previously from $178.00) on shares of Adobe Systems in a report on Wednesday, November 22nd. Nine research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $187.00.

Adobe Systems Incorporated (ADBE) opened at $195.73 on Friday. Adobe Systems Incorporated has a fifty-two week low of $109.57 and a fifty-two week high of $198.21. The firm has a market capitalization of $96,715.41, a price-to-earnings ratio of 55.42, a P/E/G ratio of 2.52 and a beta of 1.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 2.05.

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

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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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