Amy Banse Buys 1,125 Shares of Adobe Systems Incorporated (ADBE) Stock
Adobe Systems Incorporated (NASDAQ:ADBE) Director Amy Banse bought 1,125 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was acquired at an average cost of $177.35 per share, for a total transaction of $199,518.75. Following the purchase, the director now owns 31,453 shares in the company, valued at approximately $5,578,189.55. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Adobe Systems Incorporated (NASDAQ ADBE) traded down $0.77 during midday trading on Tuesday, hitting $176.74. 3,435,300 shares of the stock traded hands, compared to its average volume of 2,493,036. Adobe Systems Incorporated has a 1-year low of $102.47 and a 1-year high of $186.27. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 2.05. The firm has a market cap of $87,502.30, a price-to-earnings ratio of 50.14, a PEG ratio of 2.24 and a beta of 1.05.
Adobe Systems (NASDAQ:ADBE) last posted its quarterly earnings results on Thursday, December 14th. The software company reported $1.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.10. Adobe Systems had a net margin of 23.20% and a return on equity of 22.57%. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the business posted $0.90 EPS. The company’s quarterly revenue was up 24.8% on a year-over-year basis. equities research analysts expect that Adobe Systems Incorporated will post 4.66 earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC boosted its stake in Adobe Systems by 4.9% during the 2nd quarter. FMR LLC now owns 35,647,268 shares of the software company’s stock valued at $5,041,950,000 after purchasing an additional 1,651,762 shares during the period. BlackRock Inc. boosted its stake in Adobe Systems by 8.2% during the 2nd quarter. BlackRock Inc. now owns 34,445,217 shares of the software company’s stock valued at $4,871,931,000 after purchasing an additional 2,621,275 shares during the period. Vanguard Group Inc. boosted its stake in Adobe Systems by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 33,998,738 shares of the software company’s stock valued at $4,808,783,000 after purchasing an additional 943,487 shares during the period. Janus Henderson Group PLC boosted its stake in Adobe Systems by 784.4% during the 2nd quarter. Janus Henderson Group PLC now owns 11,226,707 shares of the software company’s stock valued at $1,587,936,000 after purchasing an additional 9,957,241 shares during the period. Finally, Polen Capital Management LLC boosted its stake in Adobe Systems by 3.7% during the 3rd quarter. Polen Capital Management LLC now owns 6,288,816 shares of the software company’s stock valued at $938,166,000 after purchasing an additional 226,286 shares during the period. 87.08% of the stock is owned by institutional investors and hedge funds.
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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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