Adobe Systems Incorporated (ADBE) Shares Bought by Cornerstone Capital Management Holdings LLC.

Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of Adobe Systems Incorporated (NASDAQ:ADBE) by 43.6% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 141,218 shares of the software company’s stock after buying an additional 42,890 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in Adobe Systems were worth $21,065,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. FMR LLC grew its position in Adobe Systems by 4.9% during the 2nd quarter. FMR LLC now owns 35,647,268 shares of the software company’s stock worth $5,041,950,000 after acquiring an additional 1,651,762 shares during the last quarter. BlackRock Inc. grew its position in Adobe Systems by 8.2% during the 2nd quarter. BlackRock Inc. now owns 34,445,217 shares of the software company’s stock worth $4,871,931,000 after acquiring an additional 2,621,275 shares during the last quarter. Vanguard Group Inc. grew its position 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 worth $4,808,783,000 after acquiring an additional 943,487 shares during the last quarter. Janus Henderson Group PLC grew its position 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 worth $1,587,936,000 after acquiring an additional 9,957,241 shares during the last quarter. Finally, Polen Capital Management LLC grew its position 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 worth $938,166,000 after acquiring an additional 226,286 shares during the last quarter. 87.45% of the stock is owned by institutional investors.

In related news, Director John E. Warnock sold 6,800 shares of the company’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $174.20, for a total transaction of $1,184,560.00. Following the sale, the director now owns 16,088 shares in the company, valued at approximately $2,802,529.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Ann Lewnes sold 1,953 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $155.88, for a total value of $304,433.64. Following the sale, the executive vice president now owns 56,356 shares in the company, valued at approximately $8,784,773.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,849 shares of company stock worth $2,519,679. 0.38% of the stock is owned by corporate insiders.

Shares of Adobe Systems Incorporated (NASDAQ:ADBE) opened at $173.57 on Friday. Adobe Systems Incorporated has a 52-week low of $101.91 and a 52-week high of $186.27. The company has a market capitalization of $86,072.77, a PE ratio of 52.59, a price-to-earnings-growth ratio of 2.21 and a beta of 1.05. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 2.05.

Adobe Systems (NASDAQ:ADBE) last released its quarterly earnings results on Tuesday, September 19th. The software company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.09. Adobe Systems had a return on equity of 21.40% and a net margin of 23.06%. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the previous year, the company posted $0.75 EPS. The business’s revenue was up 25.8% on a year-over-year basis. equities research analysts expect that Adobe Systems Incorporated will post 3.46 earnings per share for the current fiscal year.

A number of brokerages recently weighed in on ADBE. BidaskClub lowered Adobe Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Vetr upgraded Adobe Systems from a “buy” rating to a “strong-buy” rating and set a $198.52 price objective on the stock in a research report on Tuesday, December 5th. Zacks Investment Research upgraded Adobe Systems from a “hold” rating to a “buy” rating and set a $203.00 price objective on the stock in a research report on Monday, December 4th. KeyCorp restated an “overweight” rating and set a $216.00 price objective (up previously from $178.00) on shares of Adobe Systems in a research report on Wednesday, November 22nd. Finally, Stifel Nicolaus boosted their price objective on Adobe Systems from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Five analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $176.50.

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

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