Waldron LP Acquires 618 Shares of Adobe Systems Incorporated (ADBE)

Waldron LP grew its holdings in Adobe Systems Incorporated (NASDAQ:ADBE) by 19.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,724 shares of the software company’s stock after acquiring an additional 618 shares during the quarter. Waldron LP’s holdings in Adobe Systems were worth $555,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Capital Advisors Ltd. LLC bought a new stake in shares of Adobe Systems in the second quarter valued at about $100,000. Parkside Financial Bank & Trust boosted its position in shares of Adobe Systems by 170.3% in the third 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 period. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of Adobe Systems in the second quarter valued at about $141,000. Acrospire Investment Management LLC boosted its position in shares of Adobe Systems by 100.0% in the second 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 period. Finally, CWH Capital Management Inc. bought a new stake in Adobe Systems during the second quarter worth about $141,000. 87.45% of the stock is owned by institutional investors.

Several equities research analysts recently weighed in on the stock. BidaskClub raised shares of Adobe Systems from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 16th. Vetr raised shares of Adobe Systems from a “sell” rating to a “hold” rating and set a $146.89 price objective for the company in a research report on Wednesday, September 20th. Barclays PLC reaffirmed a “buy” rating and set a $167.00 price objective on shares of Adobe Systems in a research report on Friday, September 15th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $180.00 price objective on shares of Adobe Systems in a research report on Tuesday, September 12th. Finally, Wells Fargo & Company reaffirmed a “hold” rating and set a $145.00 price objective (up previously from $127.50) on shares of Adobe Systems in a research report on Wednesday, September 20th. Six analysts have rated the stock with a hold rating, twenty-seven have issued 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 a consensus price target of $174.11.

Adobe Systems Incorporated (NASDAQ ADBE) traded down $0.06 during trading on Friday, hitting $182.24. The company’s stock had a trading volume of 1,433,667 shares, compared to its average volume of 2,524,848. The company has a market cap of $89,833.94, a PE ratio of 54.89, a price-to-earnings-growth ratio of 3.10 and a beta of 1.05. Adobe Systems Incorporated has a 52-week low of $98.00 and a 52-week high of $184.44. 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 posted its quarterly earnings results on Tuesday, September 19th. The software company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 21.40% and a net margin of 23.06%. The company’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.75 EPS. sell-side analysts expect that Adobe Systems Incorporated will post 3.46 earnings per share for the current fiscal year.

In other Adobe Systems news, EVP Matthew Thompson sold 2,190 shares of the stock in a transaction that occurred 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 available through this hyperlink. Also, EVP Ann Lewnes sold 1,953 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $181.19, for a total value of $353,864.07. Following the transaction, the executive vice president now owns 52,450 shares in the company, valued at $9,503,415.50. The disclosure for this sale can be found here. Insiders have sold a total of 14,849 shares of company stock worth $2,519,679 over the last 90 days. Company insiders own 0.38% of the company’s stock.

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Adobe Systems 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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