Cwm LLC Has $106,000 Position in Adobe Systems Incorporated (ADBE)

Cwm LLC boosted its position in shares of Adobe Systems Incorporated (NASDAQ:ADBE) by 11.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 748 shares of the software company’s stock after buying an additional 79 shares during the period. Cwm LLC’s holdings in Adobe Systems were worth $106,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ardevora Asset Management LLP boosted its position in Adobe Systems by 0.7% in the second quarter. Ardevora Asset Management LLP now owns 191,000 shares of the software company’s stock worth $27,015,000 after buying an additional 1,300 shares during the period. Oregon Public Employees Retirement Fund boosted its position in Adobe Systems by 1.0% in the second quarter. Oregon Public Employees Retirement Fund now owns 136,985 shares of the software company’s stock worth $19,375,000 after buying an additional 1,300 shares during the period. Winslow Evans & Crocker Inc. boosted its position in Adobe Systems by 342.4% in the second quarter. Winslow Evans & Crocker Inc. now owns 9,034 shares of the software company’s stock worth $1,257,000 after buying an additional 6,992 shares during the period. CENTRAL TRUST Co boosted its position in Adobe Systems by 13.9% in the second quarter. CENTRAL TRUST Co now owns 4,340 shares of the software company’s stock worth $614,000 after buying an additional 528 shares during the period. Finally, Ledyard National Bank boosted its position in Adobe Systems by 2.0% in the second quarter. Ledyard National Bank now owns 40,564 shares of the software company’s stock worth $5,737,000 after buying an additional 798 shares during the period. Institutional investors and hedge funds own 87.84% of the company’s stock.

Adobe Systems Incorporated (NASDAQ:ADBE) opened at 148.64 on Thursday. Adobe Systems Incorporated has a 12 month low of $95.42 and a 12 month high of $149.40. The company has a 50 day moving average of $142.44 and a 200 day moving average of $128.70. The stock has a market capitalization of $73.34 billion, a price-to-earnings ratio of 51.77 and a beta of 1.00.

Adobe Systems (NASDAQ:ADBE) last issued its quarterly earnings data on Tuesday, June 20th. The software company reported $1.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.07. Adobe Systems had a return on equity of 20.06% and a net margin of 22.11%. The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the previous year, the business earned $0.71 earnings per share. The firm’s revenue for the quarter was up 26.7% on a year-over-year basis. On average, equities analysts predict that Adobe Systems Incorporated will post $4.06 EPS for the current year.

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A number of research firms have weighed in on ADBE. Vetr upgraded shares of Adobe Systems from a “hold” rating to a “buy” rating and set a $157.68 price objective on the stock in a research report on Tuesday. BidaskClub cut shares of Adobe Systems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 4th. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Adobe Systems in a report on Monday, June 26th. KeyCorp restated a “buy” rating on shares of Adobe Systems in a report on Sunday, June 25th. Finally, Zacks Investment Research upgraded shares of Adobe Systems from a “hold” rating to a “buy” rating and set a $161.00 price target on the stock in a report on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $153.20.

In other Adobe Systems news, EVP Donna Morris sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $145.00, for a total value of $725,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Ann Lewnes sold 1,953 shares of the business’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $144.00, for a total value of $281,232.00. Following the completion of the sale, the executive vice president now owns 59,991 shares of the company’s stock, valued at approximately $8,638,704. The disclosure for this sale can be found here. In the last quarter, insiders sold 80,019 shares of company stock valued at $11,527,134. 0.38% of the stock is owned by company insiders.

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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