Trust Department MB Financial Bank N A acquired a new stake in Adobe Systems Incorporated (NASDAQ:ADBE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 37,575 shares of the software company’s stock, valued at approximately $5,315,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ADBE. Clean Yield Group bought a new position in shares of Adobe Systems during the first quarter valued at approximately $100,000. Washington Trust Bank boosted its position in shares of Adobe Systems by 13.8% in the first quarter. Washington Trust Bank now owns 840 shares of the software company’s stock valued at $109,000 after buying an additional 102 shares during the period. Signature Estate & Investment Advisors LLC bought a new position in shares of Adobe Systems during the first quarter valued at approximately $113,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in shares of Adobe Systems by 86.2% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,080 shares of the software company’s stock valued at $141,000 after buying an additional 500 shares during the period. Finally, WFG Advisors LP boosted its position in shares of Adobe Systems by 10.1% in the first quarter. WFG Advisors LP now owns 1,263 shares of the software company’s stock valued at $164,000 after buying an additional 116 shares during the period. 87.64% of the stock is owned by institutional investors.

Adobe Systems Incorporated (NASDAQ ADBE) traded up 1.62% during trading on Monday, reaching $148.84. The company’s stock had a trading volume of 362,296 shares. The company has a market cap of $73.44 billion, a price-to-earnings ratio of 51.84 and a beta of 1.00. Adobe Systems Incorporated has a 12 month low of $97.87 and a 12 month high of $150.40. The stock’s 50 day moving average is $145.74 and its 200 day moving average is $133.08.

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

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Several brokerages recently commented on ADBE. Vetr raised Adobe Systems from a “hold” rating to a “buy” rating and set a $157.68 price target for the company in a research report on Tuesday, July 18th. Royal Bank Of Canada reissued a “buy” rating and set a $157.00 price target on shares of Adobe Systems in a research report on Monday, July 31st. BidaskClub raised Adobe Systems from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 24th. KeyCorp reissued a “buy” rating on shares of Adobe Systems in a research report on Sunday, June 25th. Finally, Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Adobe Systems in a research report on Monday, June 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $154.20.

In other news, CMO Ann Lewnes sold 1,953 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $146.68, for a total value of $286,466.04. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Donna Morris sold 5,000 shares of the company’s stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $145.00, for a total transaction of $725,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,239 shares of company stock worth $14,877,475. Insiders own 0.38% of the company’s stock.

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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