Adobe Systems Incorporated (ADBE) Stake Increased by Syntal Capital Partners LLC

Syntal Capital Partners LLC grew its stake in Adobe Systems Incorporated (NASDAQ:ADBE) by 78.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,108 shares of the software company’s stock after acquiring an additional 4,009 shares during the quarter. Adobe Systems accounts for 0.5% of Syntal Capital Partners LLC’s holdings, making the stock its 29th biggest position. Syntal Capital Partners LLC’s holdings in Adobe Systems were worth $1,596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Parkside Financial Bank & Trust increased its stake in shares of Adobe Systems by 170.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 900 shares of the software company’s stock valued at $135,000 after acquiring an additional 567 shares during the last quarter. BB&T Investment Services Inc. increased its stake in shares of Adobe Systems by 42.4% in the 3rd quarter. BB&T Investment Services Inc. now owns 923 shares of the software company’s stock valued at $138,000 after acquiring an additional 275 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of Adobe Systems in the 2nd quarter valued at about $141,000. Acrospire Investment Management LLC increased its stake in shares of Adobe Systems by 100.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the software company’s stock valued at $141,000 after acquiring an additional 500 shares during the last quarter. Finally, CWH Capital Management Inc. bought a new stake in shares of Adobe Systems in the 2nd quarter valued at about $141,000. 87.08% of the stock is owned by institutional investors.

Adobe Systems Incorporated (NASDAQ:ADBE) traded down $0.29 on Thursday, reaching $196.20. The company had a trading volume of 2,536,260 shares, compared to its average volume of 2,595,391. Adobe Systems Incorporated has a twelve month low of $107.53 and a twelve month high of $198.21. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.23. The company has a market cap of $96,720.00, a PE ratio of 57.88, a PEG ratio of 2.47 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 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.10. Adobe Systems had a return on equity of 22.57% and a net margin of 23.20%. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the prior year, the business earned $0.90 EPS. The firm’s revenue for the quarter was up 24.8% on a year-over-year basis. analysts predict that Adobe Systems Incorporated will post 4.58 earnings per share for the current year.

ADBE has been the subject of several research analyst reports. Argus boosted their price objective on Adobe Systems from $170.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Zacks Investment Research lowered Adobe Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 21st. Pivotal Research upgraded Adobe Systems from a “sell” rating to a “hold” rating and boosted their price objective for the company from $118.00 to $160.00 in a research report on Wednesday, October 18th. Vetr upgraded Adobe Systems from a “strong sell” rating to a “sell” rating and set a $163.12 price objective for the company in a research report on Monday, October 23rd. Finally, Citigroup boosted their price objective on Adobe Systems to $202.00 and gave the company a “buy” rating in a research report on Friday, December 15th. Nine 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 stock has an average rating of “Buy” and an average price target of $187.00.

In other Adobe Systems news, EVP Matthew Thompson sold 2,190 shares of the stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $173.42, for a total transaction of $379,789.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert K. Burgess sold 25,000 shares of the stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $175.39, for a total value of $4,384,750.00. Following the transaction, the director now owns 12,375 shares in the company, valued at approximately $2,170,451.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 88,772 shares of company stock worth $15,798,527. 0.38% of the stock is owned by company insiders.

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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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