Adobe Systems Inc (ADBE) Files Form 4 Insider Selling : James E Daley Sells 6,276 Shares

Adobe Systems Inc (ADBE): James E Daley , director of Adobe Systems Inc sold 6,276 shares on Sep 22, 2016. The Insider selling transaction was reported by the company on Sep 23, 2016 to the Securities and Exchange Commission. The shares were sold at $108.00 per share for a total value of $677,808.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 6, 2016, Mark Garrett (EVP, CFO & Asst. Secretary) sold 26,899 shares at $103.47 per share price.On Aug 29, 2016, Michael A Dillon (EVP, Gen. Counsel & Secretary) sold 5,450 shares at $101.85 per share price.Also, On Aug 29, 2016, Ann Lewnes (EVP, Chief Marketing Officer) sold 131 shares at $101.68 per share price.On Aug 11, 2016, Donna Morris (EVP, Cust. & Emp. Experience) sold 10,000 shares at $100.00 per share price.

Adobe Systems Incorporated: On Thursday, Sep 22, 2016 heightened volatility was witnessed in Adobe Systems Incorporated which led to swings in the share price. The shares opened for trading at $107.46 and hit $108.5 on the upside , eventually ending the session at $107.92, with a gain of 0.13% or 0.14 points. The heightened volatility saw the trading volume jump to 39,60,346 shares. The 52-week high of the share price is $108.22 and the company has a market cap of $53,776 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 Pivotal Research Group to Buy and the brokerage firm has raised the Price Target to $ 125 from a previous price target of $124 .The Rating was issued on Sep 21, 2016.Adobe Systems Incorporated is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 116 from a previous price target of $115 .The Rating was issued on Sep 21, 2016.Adobe Systems Incorporated is Initiated by Piper Jaffray to Overweight and the brokerage firm has set the Price Target at $125. The Rating was issued on Jul 26, 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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