Integrated Investment Consultants LLC maintained its position in shares of Adobe Systems Incorporated (NASDAQ:ADBE) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 2,395 shares of the software company’s stock at the end of the second quarter. Integrated Investment Consultants LLC’s holdings in Adobe Systems were worth $339,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of the stock. FMR LLC increased its position in shares of Adobe Systems by 0.4% in the first quarter. FMR LLC now owns 33,995,506 shares of the software company’s stock valued at $4,423,835,000 after buying an additional 139,986 shares during the period. Vanguard Group Inc. boosted its position in shares of Adobe Systems by 2.9% in the first quarter. Vanguard Group Inc. now owns 33,055,251 shares of the software company’s stock valued at $4,301,480,000 after buying an additional 937,118 shares in the last quarter. BlackRock Inc. boosted its position in shares of Adobe Systems by 1,894.1% in the first quarter. BlackRock Inc. now owns 31,823,942 shares of the software company’s stock valued at $4,141,250,000 after buying an additional 30,228,013 shares in the last quarter. State Street Corp boosted its position in shares of Adobe Systems by 1.2% in the first quarter. State Street Corp now owns 19,516,573 shares of the software company’s stock valued at $2,539,679,000 after buying an additional 234,270 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Adobe Systems by 7.0% in the first quarter. Ameriprise Financial Inc. now owns 5,332,348 shares of the software company’s stock valued at $693,890,000 after buying an additional 349,088 shares in the last quarter. 87.64% of the stock is owned by hedge funds and other institutional investors.

Shares of Adobe Systems Incorporated (ADBE) traded up 0.9682% on Wednesday, reaching $151.8158. 539,002 shares of the company were exchanged. Adobe Systems Incorporated has a 52 week low of $97.87 and a 52 week high of $151.99. The stock has a market capitalization of $74.91 billion, a price-to-earnings ratio of 52.8791 and a beta of 1.00. The firm’s 50 day moving average price is $146.01 and its 200 day moving average price is $133.88.

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

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Several equities analysts recently issued reports on ADBE shares. Guggenheim reiterated a “buy” rating and set a $155.00 price target on shares of Adobe Systems in a research report on Tuesday, April 18th. Stifel Nicolaus reiterated a “buy” rating on shares of Adobe Systems in a research report on Tuesday, April 18th. BidaskClub cut shares of Adobe Systems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Citigroup Inc. reiterated a “buy” rating and set a $161.00 price target (up previously from $141.00) on shares of Adobe Systems in a research report on Tuesday, June 13th. Finally, Vetr upgraded shares of Adobe Systems from a “hold” rating to a “buy” rating and set a $157.24 price target on the stock in a research report on Wednesday, June 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $154.20.

In other Adobe Systems news, CMO Ann Lewnes sold 1,953 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $146.68, for a total transaction of $286,466.04. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director John E. Warnock sold 32,600 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $144.07, for a total transaction of $4,696,682.00. Following the sale, the director now directly owns 16,088 shares in the company, valued at approximately $2,317,798.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,239 shares of company stock worth $14,877,475. 0.38% of the stock is owned by 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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