Nomura Asset Management Co. Ltd. Grows Stake in Adobe Systems Incorporated (ADBE)

Nomura Asset Management Co. Ltd. grew its holdings in Adobe Systems Incorporated (NASDAQ:ADBE) by 250.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 291,766 shares of the software company’s stock after purchasing an additional 208,397 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.06% of Adobe Systems worth $43,526,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Aviva PLC lifted its holdings in shares of Adobe Systems by 0.4% in the second quarter. Aviva PLC now owns 312,394 shares of the software company’s stock valued at $44,194,000 after purchasing an additional 1,250 shares in the last quarter. Bender Robert & Associates purchased a new stake in shares of Adobe Systems during the third quarter worth $3,476,000. Arcadia Investment Management Corp MI raised its holdings in shares of Adobe Systems by 6.9% during the second quarter. Arcadia Investment Management Corp MI now owns 34,547 shares of the software company’s stock worth $4,886,000 after acquiring an additional 2,242 shares in the last quarter. BARING ASSET MANAGEMENT Ltd raised its holdings in shares of Adobe Systems by 12.0% during the second quarter. BARING ASSET MANAGEMENT Ltd now owns 26,699 shares of the software company’s stock worth $3,776,000 after acquiring an additional 2,864 shares in the last quarter. Finally, Clinton Group Inc. purchased a new stake in shares of Adobe Systems during the second quarter worth $411,000. Institutional investors own 87.45% of the company’s stock.

Several analysts recently issued reports on ADBE shares. BidaskClub upgraded Adobe Systems from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 16th. Jefferies Group started coverage on Adobe Systems in a report on Thursday, August 24th. They set a “buy” rating and a $175.00 price objective for the company. Bank of America increased their price objective on Adobe Systems from $108.00 to $120.00 and gave the stock a “neutral” rating in a report on Friday, August 25th. Vetr lowered Adobe Systems from a “hold” rating to a “sell” rating and set a $150.30 price objective for the company. in a report on Thursday, August 31st. Finally, Robert W. Baird reiterated a “buy” rating and set a $160.00 price objective on shares of Adobe Systems in a report on Friday, September 1st. Five research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $176.50.

In other news, EVP Ann Lewnes sold 1,953 shares of the firm’s stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $152.09, for a total value of $297,031.77. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John E. Warnock sold 6,800 shares of the firm’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $174.20, for a total value of $1,184,560.00. Following the completion of the sale, the director now directly owns 16,088 shares in the company, valued at $2,802,529.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,849 shares of company stock worth $2,519,679. 0.38% of the stock is currently owned by company insiders.

Adobe Systems Incorporated (NASDAQ:ADBE) opened at $167.54 on Wednesday. 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 $83,031.32, a price-to-earnings ratio of 50.74, a price-to-earnings-growth ratio of 2.13 and a beta of 1.05. Adobe Systems Incorporated has a 1 year low of $100.71 and a 1 year high of $186.27.

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

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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.

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

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