San Francisco Sentry Investment Group CA Has $1.42 Million Position in Adobe Systems Incorporated (ADBE)

San Francisco Sentry Investment Group CA lifted its holdings in Adobe Systems Incorporated (NASDAQ:ADBE) by 74.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,014 shares of the software company’s stock after buying an additional 4,268 shares during the quarter. San Francisco Sentry Investment Group CA’s holdings in Adobe Systems were worth $1,416,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Prudential PLC boosted its stake in shares of Adobe Systems by 9.1% in the second quarter. Prudential PLC now owns 8,384 shares of the software company’s stock valued at $1,186,000 after buying an additional 700 shares in the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co boosted its stake in shares of Adobe Systems by 182.5% in the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 7,740 shares of the software company’s stock valued at $1,095,000 after buying an additional 5,000 shares in the last quarter. Fieldpoint Private Securities LLC boosted its stake in shares of Adobe Systems by 5,279.2% in the second quarter. Fieldpoint Private Securities LLC now owns 6,455 shares of the software company’s stock valued at $913,000 after buying an additional 6,335 shares in the last quarter. AHL Partners LLP boosted its stake in shares of Adobe Systems by 56.3% in the second quarter. AHL Partners LLP now owns 32,597 shares of the software company’s stock valued at $4,610,000 after buying an additional 11,748 shares in the last quarter. Finally, Sun Life Financial INC boosted its stake in shares of Adobe Systems by 9,937.1% in the second quarter. Sun Life Financial INC now owns 3,513 shares of the software company’s stock valued at $497,000 after buying an additional 3,478 shares in the last quarter. Hedge funds and other institutional investors own 87.51% of the company’s stock.

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A number of analysts recently weighed in on the company. BidaskClub upgraded Adobe Systems from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 16th. Vetr upgraded Adobe Systems from a “sell” rating to a “hold” rating and set a $146.89 price target on the stock in a research note on Wednesday, September 20th. Piper Jaffray Companies boosted their target price on Adobe Systems from $160.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 21st. Stifel Nicolaus boosted their target price on Adobe Systems from $150.00 to $163.00 and gave the stock a “buy” rating in a research report on Wednesday, June 21st. Finally, Barclays PLC boosted their target price on Adobe Systems from $155.00 to $161.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $158.16.

In related news, Director Charles M. Geschke sold 25,000 shares of Adobe Systems stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $145.16, for a total transaction of $3,629,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Abhay Parasnis sold 12,500 shares of Adobe Systems stock in a transaction on Friday, July 21st. The shares were sold at an average price of $149.38, for a total value of $1,867,250.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,406 shares of company stock valued at $7,587,150. 0.38% of the stock is currently owned by insiders.

Shares of Adobe Systems Incorporated (NASDAQ:ADBE) opened at 152.15 on Wednesday. The firm has a market capitalization of $75.00 billion, a price-to-earnings ratio of 47.83 and a beta of 0.98. Adobe Systems Incorporated has a 52 week low of $98.00 and a 52 week high of $157.89. The firm’s 50-day moving average price is $151.80 and its 200 day moving average price is $142.93.

Adobe Systems (NASDAQ:ADBE) last issued 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 business had revenue of $1.84 billion during 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%. Adobe Systems’s revenue was up 25.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.75 earnings per share. On average, analysts anticipate that Adobe Systems Incorporated will post $4.22 EPS for the current year.

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.

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

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