Gilder Gagnon Howe & Co. LLC grew its stake in Adobe Systems Incorporated (NASDAQ:ADBE) by 6.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 536,886 shares of the software company’s stock after purchasing an additional 32,530 shares during the quarter. Adobe Systems makes up approximately 1.1% of Gilder Gagnon Howe & Co. LLC’s investment portfolio, making the stock its 25th largest holding. Gilder Gagnon Howe & Co. LLC owned approximately 0.11% of Adobe Systems worth $80,093,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of ADBE. 1ST Source Bank increased its position in Adobe Systems by 0.3% during the second quarter. 1ST Source Bank now owns 1,847 shares of the software company’s stock worth $261,000 after acquiring an additional 6 shares during the period. Guardian Life Insurance Co. of America increased its position in Adobe Systems by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 1,918 shares of the software company’s stock worth $250,000 after acquiring an additional 13 shares during the period. Perigon Wealth Management LLC increased its position in Adobe Systems by 0.4% during the first quarter. Perigon Wealth Management LLC now owns 2,972 shares of the software company’s stock worth $387,000 after acquiring an additional 13 shares during the period. Trust Co. of Vermont increased its position in Adobe Systems by 0.6% during the second quarter. Trust Co. of Vermont now owns 2,628 shares of the software company’s stock worth $372,000 after acquiring an additional 16 shares during the period. Finally, Bank of Stockton increased its position in Adobe Systems by 0.4% during the second quarter. Bank of Stockton now owns 5,255 shares of the software company’s stock worth $743,000 after acquiring an additional 20 shares during the period. 87.45% of the stock is currently owned by institutional investors.

Adobe Systems Incorporated (ADBE) traded down $0.22 during trading on Tuesday, reaching $181.63. 441,131 shares of the company’s stock traded hands, compared to its average volume of 2,427,474. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.23. Adobe Systems Incorporated has a 52-week low of $98.00 and a 52-week high of $184.44. The company has a market cap of $89,080.00, a price-to-earnings ratio of 54.74, a price-to-earnings-growth ratio of 3.09 and a beta of 1.05.

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

COPYRIGHT VIOLATION NOTICE: “Adobe Systems Incorporated (ADBE) Shares Bought by Gilder Gagnon Howe & Co. LLC” was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this story on another website, it was illegally stolen and reposted in violation of United States and international copyright law. The correct version of this story can be accessed at https://www.watchlistnews.com/adobe-systems-incorporated-adbe-shares-bought-by-gilder-gagnon-howe-co-llc/1702575.html.

In other Adobe Systems news, EVP Ann Lewnes sold 1,953 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $181.19, for a total transaction of $353,864.07. Following the completion of the transaction, the executive vice president now owns 52,450 shares in the company, valued at approximately $9,503,415.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John E. Warnock sold 6,800 shares of the firm’s stock in a transaction that occurred 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 approximately $2,802,529.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,849 shares of company stock valued at $2,519,679. Company insiders own 0.38% of the company’s stock.

ADBE has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Adobe Systems from a “hold” rating to a “sell” rating in a research report on Thursday, September 14th. Vetr lowered shares of Adobe Systems from a “hold” rating to a “sell” rating and set a $150.30 price target on the stock. in a research report on Thursday, August 31st. Robert W. Baird set a $160.00 price target on shares of Adobe Systems and gave the stock a “buy” rating in a research report on Friday, October 6th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $157.00 price target on shares of Adobe Systems in a research report on Monday, July 31st. Finally, Bank of America Corporation raised their price target on shares of Adobe Systems from $108.00 to $120.00 and gave the stock a “neutral” rating in a research report on Friday, August 25th. Six equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the stock. Adobe Systems has a consensus rating of “Buy” and an average price target of $174.11.

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.

Want to see what other hedge funds are holding ADBE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Adobe Systems Incorporated (NASDAQ:ADBE).

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

Receive News & Ratings for Adobe Systems Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adobe Systems Incorporated and related companies with Analyst Ratings Network's FREE daily email newsletter.