Adobe Systems Inc (ADBE) Files Form 4 Insider Selling : Daniel Rosensweig Sells 19,300 Shares

Adobe Systems Inc (ADBE): Daniel Rosensweig , director of Adobe Systems Inc sold 19,300 shares on Jun 29, 2016. The Insider selling transaction was reported by the company on Jul 11, 2016 to the Securities and Exchange Commission. The shares were sold at $92.98 per share for a total value of $1,794,573.88 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 1, 2016, Bradley Rencher (EVP & GM, Digital Marketing) sold 37,562 shares at $95.46 per share price.On Jul 1, 2016, Richard Rowley (VP, Corp. Controller & CAO) sold 271 shares at $95.68 per share price.Also, On Jul 1, 2016, Bryan Lamkin (EVP & GM, Digital Media) sold 9,616 shares at $95.04 per share price.On Jul 1, 2016, John E Warnock (director other) sold 4,000 shares at $95.15 per share price.

Adobe Systems Incorporated: On Friday, Jul 8, 2016 heightened volatility was witnessed in Adobe Systems Incorporated which led to swings in the share price. The shares opened for trading at $95.93 and hit $96.86 on the upside , eventually ending the session at $96.79, with a gain of 1.73% or 1.65 points. The heightened volatility saw the trading volume jump to 20,23,889 shares. The 52-week high of the share price is $100.56 and the company has a market cap of $48,230 M . The 52-week low of the share price is at $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 (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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