Adobe Systems Inc (ADBE) Files Form 4 Insider Selling : John E Warnock Sells 5,000 Shares

Adobe Systems Inc (ADBE): John E Warnock , director other of Adobe Systems Inc sold 5,000 shares on Apr 12, 2016. The Insider selling transaction was disclosed on Apr 12, 2016 to the Securities and Exchange Commission. The shares were sold at $93.29 per share for a total value of $466,457.50.

Company has been under the radar of several Street Analysts.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 is Initiated by Canaccord Genuity to Buy and the brokerage firm has set the Price Target at $110. The Rating was issued on Mar 31, 2016.Adobe Systems Incorporated is Reiterated by Dougherty & Company to Buy and the brokerage firm has raised the Price Target to $ 116 from a previous price target of $114 .The Rating was issued on Mar 18, 2016.Adobe Systems Incorporated is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 104 from a previous price target of $101 .The Rating was issued on Mar 18, 2016.

Currently the company Insiders own 0.43% of Adobe Systems Incorporated shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by -5.99%.Institutional Investors own 91.7% of Adobe Systems Incorporated shares.During last six month period, the net percent change held by insiders has seen a change of 5.62%.

Shares of Adobe Systems Incorporated (ADBE) ended Monday, Apr 11, 2016 session in red amid volatile trading. The shares closed down -1.12 points or -1.19% at $92.95 with 21,65,096 shares getting traded. Post opening the session at $94.43, the shares hit an intraday low of $92.84 and an intraday high of $94.81 and the price vacillated in this range throughout the day. The company has a market cap of $46,494 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 $98 and the 52-week low is $71.27.

Adobe Systems Incorporated Money Flow Index Chart

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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Adobe Systems Incorporated - Is it time to Sell?

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