Public Employees Retirement System of Ohio grew its position in Adobe Systems Incorporated (NASDAQ:ADBE) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 348,840 shares of the software company’s stock after acquiring an additional 3,301 shares during the period. Public Employees Retirement System of Ohio’s holdings in Adobe Systems were worth $61,131,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Cerebellum GP LLC bought a new position in shares of Adobe Systems in the fourth quarter valued at approximately $118,000. Community Bank N.A. bought a new position in Adobe Systems in the 4th quarter worth approximately $122,000. Parkside Financial Bank & Trust raised its position in Adobe Systems by 170.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 900 shares of the software company’s stock worth $135,000 after purchasing an additional 567 shares during the last quarter. BB&T Investment Services Inc. raised its position in Adobe Systems by 42.4% in the 3rd quarter. BB&T Investment Services Inc. now owns 923 shares of the software company’s stock worth $138,000 after purchasing an additional 275 shares during the last quarter. Finally, Exane Derivatives raised its position in Adobe Systems by 55.0% in the 3rd quarter. Exane Derivatives now owns 958 shares of the software company’s stock worth $143,000 after purchasing an additional 340 shares during the last quarter. Institutional investors own 86.76% of the company’s stock.

In other news, EVP Ann Lewnes sold 1,953 shares of the business’s 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 of the company’s stock, valued at approximately $8,761,229.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Amy Banse purchased 1,125 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was purchased at an average cost of $177.35 per share, with a total value of $199,518.75. Following the acquisition, the director now directly owns 31,453 shares in the company, valued at $5,578,189.55. The disclosure for this purchase can be found here. Insiders sold a total of 351,199 shares of company stock valued at $67,326,422 in the last three months. 0.38% of the stock is owned by company insiders.

ADBE has been the subject of several research analyst reports. Bank of America restated a “buy” rating and issued a $220.00 price objective (up previously from $213.00) on shares of Adobe Systems in a research report on Wednesday, December 13th. Vetr upgraded shares of Adobe Systems from a “hold” rating to a “buy” rating and set a $190.64 price objective for the company in a research report on Monday, November 13th. Zacks Investment Research cut shares of Adobe Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. UBS Group initiated coverage on shares of Adobe Systems in a research report on Thursday, November 9th. They issued a “buy” rating and a $217.00 price objective for the company. Finally, Argus boosted their price objective on shares of Adobe Systems from $195.00 to $234.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Eight analysts have rated the stock with a hold rating, twenty-six have assigned 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 target price of $198.15.

Shares of Adobe Systems Incorporated (NASDAQ:ADBE) opened at $193.48 on Wednesday. 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 Incorporated has a fifty-two week low of $116.67 and a fifty-two week high of $204.45. The company has a market cap of $95,110.00, a price-to-earnings ratio of 57.07, a price-to-earnings-growth ratio of 2.35 and a beta of 1.18.

Adobe Systems (NASDAQ:ADBE) last released its earnings results on Thursday, December 14th. The software company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.10. Adobe Systems had a net margin of 23.20% and a return on equity of 22.15%. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the previous year, the business earned $0.90 EPS. The business’s quarterly revenue was up 24.8% compared to the same quarter last year. equities analysts forecast that Adobe Systems Incorporated will post 5.12 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This story was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another publication, it was copied illegally and reposted in violation of United States and international copyright and trademark legislation. The legal version of this story can be accessed at https://www.watchlistnews.com/adobe-systems-incorporated-adbe-shares-bought-by-public-employees-retirement-system-of-ohio/1865947.html.

Adobe Systems Company 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.

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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adobe Systems and related companies with MarketBeat.com's FREE daily email newsletter.