Rational Advisors LLC decreased its holdings in Adobe Systems Incorporated (NASDAQ:ADBE) by 78.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,834 shares of the software company’s stock after selling 10,144 shares during the period. Rational Advisors LLC’s holdings in Adobe Systems were worth $497,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in ADBE. Cerebellum GP LLC purchased a new stake in Adobe Systems in the fourth quarter worth $118,000. Community Bank N.A. purchased a new stake in Adobe Systems in the fourth quarter worth $122,000. Parkside Financial Bank & Trust lifted its stake in Adobe Systems by 170.3% in the third quarter. Parkside Financial Bank & Trust now owns 900 shares of the software company’s stock worth $135,000 after acquiring an additional 567 shares during the period. BB&T Investment Services Inc. lifted its stake in Adobe Systems by 42.4% in the third quarter. BB&T Investment Services Inc. now owns 923 shares of the software company’s stock worth $138,000 after acquiring an additional 275 shares during the period. Finally, Exane Derivatives lifted its stake in Adobe Systems by 55.0% in the third quarter. Exane Derivatives now owns 958 shares of the software company’s stock worth $143,000 after acquiring an additional 340 shares during the period. 86.76% of the stock is owned by institutional investors.
In other Adobe Systems news, Director Amy Banse acquired 1,125 shares of Adobe Systems stock in a transaction that occurred on Monday, December 18th. The stock was bought at an average cost of $177.35 per share, for a total transaction of $199,518.75. Following the acquisition, the director now owns 31,453 shares of the company’s stock, valued at $5,578,189.55. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark Garrett sold 54,488 shares of Adobe Systems stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $187.38, for a total value of $10,209,961.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 351,199 shares of company stock valued at $67,326,422. 0.38% of the stock is owned by insiders.
Adobe Systems Incorporated (NASDAQ ADBE) opened at $197.13 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.05 and a quick ratio of 2.05. The stock has a market capitalization of $95,110.60, a PE ratio of 58.15, a PEG ratio of 2.36 and a beta of 1.18. Adobe Systems Incorporated has a 52-week low of $117.07 and a 52-week high of $204.45.
Adobe Systems (NASDAQ:ADBE) last posted its quarterly earnings results on Thursday, December 14th. The software company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.10. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.95 billion. Adobe Systems had a return on equity of 22.15% and a net margin of 23.20%. Adobe Systems’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.90 EPS. research analysts expect that Adobe Systems Incorporated will post 5.12 earnings per share for the current year.
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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.
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