Adobe Systems Incorporated (ADBE) Shares Sold by Rational Advisors LLC

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.

A number of analysts recently commented on ADBE shares. Bank of America reaffirmed a “buy” rating and issued a $220.00 price target (up previously from $213.00) on shares of Adobe Systems in a research note on Wednesday, December 13th. Vetr raised Adobe Systems from a “hold” rating to a “buy” rating and set a $190.64 price target for the company in a research note on Monday, November 13th. Zacks Investment Research lowered Adobe Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. UBS Group started coverage on Adobe Systems in a research note on Thursday, November 9th. They issued a “buy” rating and a $217.00 price target for the company. Finally, Argus raised their price target on Adobe Systems from $195.00 to $234.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Eight research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. Adobe Systems currently has a consensus rating of “Buy” and a consensus price target of $198.15.

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.

TRADEMARK VIOLATION NOTICE: “Adobe Systems Incorporated (ADBE) Shares Sold by Rational Advisors LLC” was first reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://www.chaffeybreeze.com/2018/02/15/adobe-systems-incorporated-adbe-shares-sold-by-rational-advisors-llc.html.

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

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