Dorsey & Whitney Trust CO LLC boosted its stake in Adobe Systems (NASDAQ:ADBE) by 10.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,920 shares of the software company’s stock after purchasing an additional 483 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Adobe Systems were worth $1,062,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ADBE. Egerton Capital UK LLP increased its holdings in Adobe Systems by 119.6% in the fourth quarter. Egerton Capital UK LLP now owns 2,932,074 shares of the software company’s stock valued at $513,817,000 after purchasing an additional 1,596,653 shares during the period. Standard Life Aberdeen plc boosted its position in Adobe Systems by 371.2% during the fourth quarter. Standard Life Aberdeen plc now owns 1,317,654 shares of the software company’s stock valued at $230,979,000 after acquiring an additional 1,038,038 shares during the last quarter. Maverick Capital Ltd. boosted its position in Adobe Systems by 49.2% during the fourth quarter. Maverick Capital Ltd. now owns 2,192,956 shares of the software company’s stock valued at $384,294,000 after acquiring an additional 722,872 shares during the last quarter. Winslow Capital Management LLC boosted its position in Adobe Systems by 77.9% during the fourth quarter. Winslow Capital Management LLC now owns 1,559,046 shares of the software company’s stock valued at $273,207,000 after acquiring an additional 682,503 shares during the last quarter. Finally, Millennium Management LLC boosted its position in Adobe Systems by 85.5% during the fourth quarter. Millennium Management LLC now owns 1,439,110 shares of the software company’s stock valued at $252,190,000 after acquiring an additional 663,194 shares during the last quarter. Institutional investors and hedge funds own 86.80% of the company’s stock.

ADBE opened at $236.85 on Friday. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.22. Adobe Systems has a fifty-two week low of $235.84 and a fifty-two week high of $237.36. The stock has a market capitalization of $116.91 billion, a P/E ratio of 58.76, a price-to-earnings-growth ratio of 2.74 and a beta of 1.04.

Adobe Systems (NASDAQ:ADBE) last posted its earnings results on Thursday, March 15th. The software company reported $1.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.11. Adobe Systems had a net margin of 24.40% and a return on equity of 24.42%. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the prior year, the business posted ($0.43) EPS. The firm’s revenue was up 23.6% compared to the same quarter last year. equities analysts forecast that Adobe Systems will post 5.35 EPS for the current fiscal year.

A number of brokerages have commented on ADBE. Zacks Investment Research cut shares of Adobe Systems from a “buy” rating to a “hold” rating in a research report on Wednesday. Credit Suisse Group reaffirmed an “outperform” rating and set a $250.00 price target on shares of Adobe Systems in a research report on Thursday, May 10th. ValuEngine raised shares of Adobe Systems from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. JMP Securities cut shares of Adobe Systems from an “outperform” rating to a “market perform” rating in a research report on Monday, March 26th. Finally, DZ Bank raised shares of Adobe Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, March 20th. Ten investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $219.50.

In related news, EVP Ann Lewnes sold 2,942 shares of the company’s stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $236.59, for a total value of $696,047.78. Following the sale, the executive vice president now owns 70,322 shares in the company, valued at approximately $16,637,481.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles M. Geschke sold 16,000 shares of the stock in a transaction dated Friday, April 20th. The shares were sold at an average price of $224.35, for a total transaction of $3,589,600.00. The disclosure for this sale can be found here. Insiders sold a total of 46,819 shares of company stock worth $10,451,729 in the last 90 days. 0.33% of the stock is currently owned by company insiders.

Adobe Systems Company Profile

Adobe Systems Incorporated operates as a diversified software company worldwide. Its Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content. This segment's flagship product is Creative Cloud, a subscription service that allows customers to download and install the latest versions of its creative products.

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

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