Bancorpsouth Inc. held its position in shares of Adobe Systems Incorporated (NASDAQ:ADBE) during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,435 shares of the software company’s stock at the end of the 2nd quarter. Bancorpsouth Inc.’s holdings in Adobe Systems were worth $627,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Aviva PLC boosted its holdings in Adobe Systems by 0.4% in the second quarter. Aviva PLC now owns 312,394 shares of the software company’s stock valued at $44,194,000 after acquiring an additional 1,250 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in 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 acquiring an additional 349,088 shares during the last quarter. Morgan Stanley boosted its holdings in Adobe Systems by 52.2% in the first quarter. Morgan Stanley now owns 1,624,287 shares of the software company’s stock valued at $211,367,000 after acquiring an additional 557,169 shares during the last quarter. Gofen & Glossberg LLC IL boosted its holdings in Adobe Systems by 2.7% in the first quarter. Gofen & Glossberg LLC IL now owns 25,943 shares of the software company’s stock valued at $3,376,000 after acquiring an additional 673 shares during the last quarter. Finally, Arcadia Investment Management Corp MI boosted its holdings in Adobe Systems by 6.9% in the second quarter. Arcadia Investment Management Corp MI now owns 34,547 shares of the software company’s stock valued at $4,886,000 after acquiring an additional 2,242 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

ADBE has been the topic of a number of research analyst reports. Robert W. Baird reiterated an “outperform” rating and issued a $160.00 target price (up previously from $140.00) on shares of Adobe Systems in a report on Wednesday, June 21st. Vetr cut Adobe Systems from a “hold” rating to a “sell” rating and set a $150.30 target price on the stock. in a report on Thursday, August 31st. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Adobe Systems in a report on Monday, June 26th. Moffett Nathanson initiated coverage on Adobe Systems in a report on Wednesday, September 6th. They issued a “buy” rating and a $195.00 target price on the stock. Finally, Wunderlich reiterated a “buy” rating and issued a $165.00 target price (up previously from $145.00) on shares of Adobe Systems in a report on Wednesday, June 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $158.16.

In other news, Director Charles M. Geschke sold 25,000 shares of the stock in a transaction that occurred on Thursday, July 13th. The shares were sold at an average price of $145.16, for a total transaction of $3,629,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Ann Lewnes sold 1,953 shares of the stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $144.00, for a total transaction of $281,232.00. Following the sale, the executive vice president now directly owns 59,991 shares in the company, valued at $8,638,704. The disclosure for this sale can be found here. Insiders have sold 53,359 shares of company stock worth $7,868,382 over the last ninety days. Insiders own 0.38% of the company’s stock.

Adobe Systems Incorporated (ADBE) opened at 150.25 on Friday. The firm has a market capitalization of $74.06 billion, a P/E ratio of 47.23 and a beta of 0.98. Adobe Systems Incorporated has a 12 month low of $98.00 and a 12 month high of $157.89. The stock’s 50 day moving average price is $151.54 and its 200 day moving average price is $142.15.

Adobe Systems (NASDAQ:ADBE) last issued its quarterly earnings data on Tuesday, September 19th. The software company reported $1.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.09. The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Adobe Systems had a net margin of 23.06% and a return on equity of 21.40%. The company’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.75 earnings per share. On average, analysts forecast that Adobe Systems Incorporated will post $4.22 earnings per share for the current year.

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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.

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

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