Adobe Systems Inc (ADBE) Files Form 4 Insider Selling : Ann Lewnes Sells 4,000 Shares

Adobe Systems Inc (ADBE): Ann Lewnes , EVP, Chief Marketing Officer of Adobe Systems Inc sold 4,000 shares on Jun 24, 2016. The Insider selling transaction was reported by the company on Jun 24, 2016 to the Securities and Exchange Commission. The shares were sold at $92.39 per share for a total value of $369,560.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 31, 2016, Ann Lewnes (EVP, Chief Marketing Officer) sold 4,000 shares at $99.40 per share price.On May 11, 2016, Michael A Dillon (EVP, Gen. Counsel & Secretary) sold 9,466 shares at $95.10 per share price.Also, On May 3, 2016, Shantanu Narayen (President and CEO) sold 22,420 shares at $94.73 per share price.On Apr 12, 2016, John E Warnock (director other) sold 5,000 shares at $93.29 per share price.

Shares of Adobe Systems Incorporated (ADBE) ended Friday, Jun 24, 2016 session in red amid volatile trading. The shares closed down -4.01 points or -4.17% at $92.2 with 43,29,088 shares getting traded. Post opening the session at $92.39, the shares hit an intraday low of $92.04 and an intraday high of $94.35 and the price vacillated in this range throughout the day. The company has a market cap of $46,119 M and the number of outstanding shares has been calculated to be 50,02,09,550 shares. The 52-week high of Adobe Systems Incorporated is $100.56 and the 52-week low is $71.27.

Adobe Systems Incorporated Money Flow Index Chart

Company has been under the radar of several Street Analysts.Adobe Systems Incorporated is Reiterated by Rosenblatt to Buy and the brokerage firm has raised the Price Target to $ 120 from a previous price target of $112 .The Rating was issued on Jun 22, 2016.Adobe Systems Incorporated is Reiterated by UBS to Buy and the brokerage firm has raised the Price Target to $ 122 from a previous price target of $114 .The Rating was issued on Jun 22, 2016.Adobe Systems Incorporated is Resumed by Credit Suisse to Neutral and the brokerage firm has raised the Price Target to $ 105 from a previous price target of $85 .The Rating was issued on Apr 21, 2016.Adobe Systems Incorporated is Reiterated by FBR Capital to Mkt Perform and the brokerage firm has raised the Price Target to $ 115 from a previous price target of $100 .The Rating was issued on Apr 12, 2016.Adobe Systems Incorporated is Reiterated by Dougherty & Company to Buy and the brokerage firm has raised the Price Target to $ 122 from a previous price target of $116 .The Rating was issued on Apr 4, 2016.

Adobe Systems Incorporated (Adobe) is a software company. The Company offers products and services for professionals marketers application developers enterprises and consumers for creating managing delivering optimizing and engaging with content. Adobe markets and licenses its products and services through app stores and its Website www.adobe.com. The Company’s operates in three segments: Digital Marketing Digital Media and Print and Publishing. In Digital Media the Company is engaged in providing tools services and solutions that enable to create publish and promote their content. In Digital Marketing the Company is engaged in providing solutions and services for creating managing executing measuring and optimizing digital advertising and marketing campaigns. Adobe’s Print and Publishing segment addresses various market opportunities including eLearning solutions technical document publishing Web application development and high-end printing.

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