Nationwide Fund Advisors lifted its stake in shares of Adobe Systems Incorporated (NASDAQ:ADBE) by 3.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 729,421 shares of the software company’s stock after acquiring an additional 27,083 shares during the quarter. Adobe Systems comprises approximately 0.4% of Nationwide Fund Advisors’ holdings, making the stock its 26th largest position. Nationwide Fund Advisors owned about 0.15% of Adobe Systems worth $108,815,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aviva PLC boosted its stake in shares of Adobe Systems by 0.4% during the 2nd quarter. Aviva PLC now owns 312,394 shares of the software company’s stock worth $44,194,000 after acquiring an additional 1,250 shares in the last quarter. Bender Robert & Associates bought a new stake in shares of Adobe Systems during the 3rd quarter worth about $3,476,000. Arcadia Investment Management Corp MI boosted its stake in shares of Adobe Systems by 6.9% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 34,547 shares of the software company’s stock worth $4,886,000 after acquiring an additional 2,242 shares in the last quarter. BARING ASSET MANAGEMENT Ltd boosted its stake in shares of Adobe Systems by 12.0% during the 2nd quarter. BARING ASSET MANAGEMENT Ltd now owns 26,699 shares of the software company’s stock worth $3,776,000 after acquiring an additional 2,864 shares in the last quarter. Finally, Clinton Group Inc. bought a new stake in shares of Adobe Systems during the 2nd quarter worth about $411,000. Institutional investors own 87.21% of the company’s stock.

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In other Adobe Systems news, EVP Matthew Thompson sold 2,190 shares of the stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $173.42, for a total value of $379,789.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ann Lewnes sold 1,953 shares of the stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $152.09, for a total value of $297,031.77. The disclosure for this sale can be found here. Insiders have sold a total of 14,849 shares of company stock valued at $2,519,679 over the last ninety days. Insiders own 0.38% of the company’s stock.

Shares of Adobe Systems Incorporated (NASDAQ ADBE) opened at $182.90 on Thursday. Adobe Systems Incorporated has a twelve month low of $98.00 and a twelve month high of $185.55. The firm has a market capitalization of $90,775.45, a price-to-earnings ratio of 55.47, a P/E/G ratio of 3.13 and a beta of 1.05. 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 (NASDAQ:ADBE) last released its quarterly earnings results on Tuesday, September 19th. The software company reported $1.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.09. Adobe Systems had a return on equity of 21.40% and a net margin of 23.06%. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period last year, the firm posted $0.75 EPS. The business’s revenue was up 25.8% on a year-over-year basis. equities analysts anticipate that Adobe Systems Incorporated will post 3.46 earnings per share for the current fiscal year.

Several analysts have recently issued reports on ADBE shares. Barclays PLC reiterated a “buy” rating and set a $167.00 price target on shares of Adobe Systems in a research note on Friday, September 15th. Piper Jaffray Companies reiterated a “buy” rating and set a $180.00 price target on shares of Adobe Systems in a research note on Tuesday, September 12th. Jefferies Group LLC reiterated a “buy” rating and set a $175.00 price target on shares of Adobe Systems in a research note on Tuesday, September 12th. Royal Bank Of Canada reiterated a “buy” rating and set a $157.00 price target on shares of Adobe Systems in a research note on Monday, July 31st. Finally, Robert W. Baird reiterated a “buy” rating and set a $160.00 price target on shares of Adobe Systems in a research note on Friday, September 1st. Six analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $175.43.

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.

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

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