Alps Advisors Inc. lifted its stake in Adobe Systems Incorporated (NASDAQ:ADBE) by 8.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,760 shares of the software company’s stock after acquiring an additional 466 shares during the quarter. Alps Advisors Inc.’s holdings in Adobe Systems were worth $1,009,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ADBE. Koch Industries Inc. increased its position in shares of Adobe Systems by 13,495.0% in the second 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 during the last quarter. Atlantic Trust Group LLC increased its position in shares of Adobe Systems by 117.1% in the third 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 during the last quarter. Ameriprise Financial Inc. increased its position in shares of Adobe Systems by 9.7% in the third quarter. Ameriprise Financial Inc. now owns 5,543,635 shares of the software company’s stock valued at $826,991,000 after acquiring an additional 488,904 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Adobe Systems by 290.4% in the third quarter. Assenagon Asset Management S.A. now owns 575,756 shares of the software company’s stock valued at $85,891,000 after acquiring an additional 428,286 shares during the last quarter. Finally, Egerton Capital UK LLP increased its position in shares of Adobe Systems by 33.8% in the third quarter. Egerton Capital UK LLP now owns 1,335,421 shares of the software company’s stock valued at $199,218,000 after acquiring an additional 337,678 shares during the last quarter. 87.19% of the stock is currently owned by institutional investors and hedge funds.

Shares of Adobe Systems Incorporated (ADBE) opened at $187.99 on Friday. Adobe Systems Incorporated has a 1-year low of $115.03 and a 1-year high of $204.45. The stock has a market capitalization of $92,410.00, a P/E ratio of 55.45, a PEG ratio of 2.26 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 (NASDAQ:ADBE) last issued its quarterly earnings data on Thursday, December 14th. The software company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.10. Adobe Systems had a return on equity of 22.15% and a net margin of 23.20%. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the previous year, the company posted $0.90 earnings per share. The business’s revenue was up 24.8% on a year-over-year basis. equities research analysts expect that Adobe Systems Incorporated will post 5.12 EPS for the current year.

ADBE has been the topic of a number of recent research reports. Bank of America reaffirmed a “buy” rating and issued a $220.00 target price (up previously from $213.00) on shares of Adobe Systems in a research report on Wednesday, December 13th. Vetr raised Adobe Systems from a “hold” rating to a “buy” rating and set a $190.64 price target on the stock in a research report on Monday, November 13th. Zacks Investment Research downgraded Adobe Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. UBS Group initiated coverage on Adobe Systems in a research report on Thursday, November 9th. They set a “buy” rating and a $217.00 price target on the stock. Finally, Argus boosted their price target on Adobe Systems from $195.00 to $234.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Nine equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $197.79.

In related news, Director Amy Banse purchased 1,125 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was acquired at an average cost 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 in the company, valued at approximately $5,578,189.55. The transaction 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 business’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $197.89, for a total value of $32,656,401.47. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 351,199 shares of company stock valued at $67,326,422. Corporate insiders own 0.38% of the company’s stock.

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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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