Livforsakringsbolaget Skandia Omsesidigt Sells 2,000 Shares of Adobe Systems Incorporated (ADBE)

Livforsakringsbolaget Skandia Omsesidigt lessened its holdings in shares of Adobe Systems Incorporated (NASDAQ:ADBE) by 21.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,507 shares of the software company’s stock after selling 2,000 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Adobe Systems were worth $1,316,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of ADBE. Schwab Charles Investment Management Inc. raised its stake in Adobe Systems by 4.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,664,315 shares of the software company’s stock worth $291,655,000 after buying an additional 63,647 shares during the last quarter. Coastline Trust Co raised its stake in Adobe Systems by 27.4% during the fourth quarter. Coastline Trust Co now owns 42,600 shares of the software company’s stock worth $7,465,000 after buying an additional 9,170 shares during the last quarter. Koshinski Asset Management Inc. raised its stake in Adobe Systems by 19.8% during the fourth quarter. Koshinski Asset Management Inc. now owns 16,271 shares of the software company’s stock worth $2,851,000 after buying an additional 2,684 shares during the last quarter. Creative Planning raised its stake in Adobe Systems by 4.5% during the fourth quarter. Creative Planning now owns 27,447 shares of the software company’s stock worth $4,810,000 after buying an additional 1,184 shares during the last quarter. Finally, National Pension Service raised its stake in Adobe Systems by 2.7% during the fourth quarter. National Pension Service now owns 433,129 shares of the software company’s stock worth $75,902,000 after buying an additional 11,315 shares during the last quarter. Institutional investors own 87.08% of the company’s stock.

Adobe Systems Incorporated (NASDAQ ADBE) opened at $195.73 on Friday. Adobe Systems Incorporated has a twelve month low of $109.57 and a twelve month high of $198.21. The firm has a market cap of $96,715.41, a PE ratio of 57.74, a P/E/G ratio of 2.52 and a beta of 1.06. 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 released its quarterly earnings results on Thursday, December 14th. The software company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.10. Adobe Systems had a net margin of 23.20% and a return on equity of 22.57%. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the previous year, the company earned $0.90 earnings per share. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. analysts predict that Adobe Systems Incorporated will post 4.58 EPS for the current year.

A number of equities analysts recently weighed in on the stock. Vetr downgraded shares of Adobe Systems from a “buy” rating to a “hold” rating and set a $199.00 target price for the company. in a research note on Monday, January 15th. BidaskClub raised shares of Adobe Systems from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 9th. KeyCorp reissued an “overweight” rating and set a $216.00 target price (up previously from $178.00) on shares of Adobe Systems in a research note on Wednesday, November 22nd. UBS Group assumed coverage on shares of Adobe Systems in a research note on Thursday, November 9th. They set a “buy” rating and a $217.00 target price for the company. Finally, Zacks Investment Research downgraded shares of Adobe Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 21st. Nine equities research analysts have rated the stock with a hold rating, twenty-four have issued 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 target price of $187.00.

In other news, Director Amy Banse purchased 1,125 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were acquired at an average cost of $177.35 per share, for a total transaction of $199,518.75. Following the completion of the acquisition, the director now owns 31,453 shares in the company, valued at $5,578,189.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert K. Burgess sold 25,000 shares of the business’s stock in a transaction dated Friday, December 28th. The stock was sold at an average price of $175.39, for a total transaction of $4,384,750.00. Following the transaction, the director now owns 12,375 shares in the company, valued at $2,170,451.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 81,972 shares of company stock worth $14,613,967. 0.38% of the stock is owned by corporate insiders.

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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.

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

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