Ann Lewnes Sells 1,953 Shares of Adobe Systems Incorporated (ADBE) Stock
Adobe Systems Incorporated (NASDAQ:ADBE) EVP Ann Lewnes sold 1,953 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $181.19, for a total value of $353,864.07. Following the sale, the executive vice president now owns 52,450 shares of the company’s stock, valued at $9,503,415.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Ann Lewnes also recently made the following trade(s):
- On Wednesday, October 11th, Ann Lewnes sold 1,953 shares of Adobe Systems stock. The shares were sold at an average price of $152.09, for a total value of $297,031.77.
- On Wednesday, September 13th, Ann Lewnes sold 1,953 shares of Adobe Systems stock. The shares were sold at an average price of $155.88, for a total value of $304,433.64.
Adobe Systems Incorporated (ADBE) opened at $181.92 on Friday. The stock has a market capitalization of $89,680.00, a PE ratio of 55.44, a price-to-earnings-growth ratio of 3.13 and a beta of 1.05. Adobe Systems Incorporated has a twelve month low of $98.00 and a twelve month high of $184.44. 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 issued its quarterly earnings data 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. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.82 billion. Adobe Systems had a return on equity of 21.40% and a net margin of 23.06%. The business’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.75 earnings per share. sell-side analysts forecast that Adobe Systems Incorporated will post 3.46 EPS for the current year.
COPYRIGHT VIOLATION NOTICE: This report was posted by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The original version of this report can be read at https://www.watchlistnews.com/ann-lewnes-sells-1953-shares-of-adobe-systems-incorporated-adbe-stock-2/1693170.html.
A number of equities research analysts have recently issued reports on ADBE shares. Vetr upgraded Adobe Systems from a “hold” rating to a “buy” rating and set a $157.68 price target for the company in a research report on Tuesday, July 18th. Royal Bank Of Canada restated a “buy” rating and issued a $157.00 price target on shares of Adobe Systems in a research report on Monday, July 31st. BidaskClub upgraded Adobe Systems from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 16th. Jefferies Group LLC started coverage on Adobe Systems in a research report on Thursday, August 24th. They issued a “buy” rating and a $175.00 price target for the company. Finally, Bank of America Corporation upped their price target on Adobe Systems from $108.00 to $120.00 and gave the company a “neutral” rating in a research report on Friday, August 25th. Seven analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. Adobe Systems has an average rating of “Buy” and a consensus target price of $172.78.
Hedge funds have recently modified their holdings of the business. Capital Advisors Ltd. LLC purchased a new position in shares of Adobe Systems during the second quarter worth about $100,000. CWM LLC grew its holdings in shares of Adobe Systems by 11.8% during the second quarter. CWM LLC now owns 748 shares of the software company’s stock worth $106,000 after purchasing an additional 79 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Adobe Systems by 170.3% during the third 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. Sumitomo Mitsui Financial Group Inc. purchased a new position in shares of Adobe Systems during the second quarter worth about $141,000. Finally, Acrospire Investment Management LLC grew its holdings in shares of Adobe Systems by 100.0% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the software company’s stock worth $141,000 after purchasing an additional 500 shares during the last quarter. 87.68% of the stock is currently owned by institutional investors.
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.
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.