Adobe Systems Incorporated Company Profile (NASDAQ:ADBE)

About Adobe Systems Incorporated (NASDAQ:ADBE)

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. It operates through three segments: Digital Media, Digital Marketing, and Print and Publishing. Its Digital Media segment provides tools and solutions that enable individuals, small and medium businesses and enterprises to create, publish, promote and monetize their digital content. Its Digital Marketing segment provides solutions and services for how digital advertising and marketing are created, managed, executed, measured and optimized. Its Print and Publishing segment addresses market opportunities ranging from the diverse authoring and publishing needs of technical and business publishing to its legacy type and original equipment manufacturer (OEM) printing businesses.

Industry, Sector and Symbol:

Sector: Computer and Technology
Industry: Application Software
Sub-Industry: Application Software
Symbol: NASDAQ:ADBE
CUSIP: 00724F10
Web: www.adobe.com

Capitalization:

Market Cap: $71.08316 billion
Outstanding Shares: 494,697,000

Average Prices:

50 Day Moving Avg: $138.74
200 Day Moving Avg: $123.07
52 Week Range: $90.35 - $145.59

P/E:

Trailing P/E Ratio: 55.52
Foreward P/E Ratio: 35.47
P/E Growth: 1.29

Sales & Book Value:

Annual Revenue: $6.15 billion
Price / Sales: 11.70
Book Value: $15.33 per share
Price / Book: 9.49

Profitability:

EBIDTA: $1.98 billion
Net Margins: 22.11%
Return on Equity: 20.06%
Return on Assets: 11.72%

Debt:

Debt-to-Equity Ratio: 0.24%
Current Ratio: 1.99%
Quick Ratio: 1.95%

Misc:

Average Volume: 2.46 million shs.
Beta: 0.98
Short Ratio: 2.25

Frequently Asked Questions for Adobe Systems Incorporated (NASDAQ:ADBE)

What is Adobe Systems Incorporated's stock symbol?

Adobe Systems Incorporated trades on the NASDAQ under the ticker symbol "ADBE."

How will Adobe Systems Incorporated's stock buyback program work?

Adobe Systems Incorporated declared that its Board of Directors has initiated a stock buyback plan on Thursday, April 6th 2017, which allows the company to repurchase $2,500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 4.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its stock is undervalued.

How were Adobe Systems Incorporated's earnings last quarter?

Adobe Systems Incorporated (NASDAQ:ADBE) issued its quarterly earnings data on Tuesday, June, 20th. The company reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.95 by $0.07. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.73 billion. Adobe Systems Incorporated had a net margin of 22.11% and a return on equity of 20.06%. The firm's revenue was up 26.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 EPS. View Adobe Systems Incorporated's Earnings History.

When will Adobe Systems Incorporated make its next earnings announcement?

Adobe Systems Incorporated is scheduled to release their next quarterly earnings announcement on Tuesday, September, 19th 2017. View Earnings Estimates for Adobe Systems Incorporated.

What guidance has Adobe Systems Incorporated issued on next quarter's earnings?

Adobe Systems Incorporated updated its third quarter earnings guidance on Tuesday, June, 20th. The company provided earnings per share (EPS) guidance of $1.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.97. The company issued revenue guidance of $1.815 billion, compared to the consensus revenue estimate of $1.80 billion.

Where is Adobe Systems Incorporated's stock going? Where will Adobe Systems Incorporated's stock price be in 2017?

28 brokerages have issued twelve-month price targets for Adobe Systems Incorporated's shares. Their predictions range from $114.00 to $184.00. On average, they anticipate Adobe Systems Incorporated's share price to reach $153.62 in the next year. View Analyst Ratings for Adobe Systems Incorporated.

What are analysts saying about Adobe Systems Incorporated stock?

Here are some recent quotes from research analysts about Adobe Systems Incorporated stock:

1. According to Zacks Investment Research, "Adobe’s fiscal second quarter earnings exceeded the Zacks Consensus Estimate backed by demand for the company’s Creative Cloud software tools. Over the past one year, the stock has outperformed the Zacks characterized Computer Software industry. We remain optimistic about Adobe’s market position, compelling product lines, continued innovation, solid adoption of Creative Cloud and Adobe marketing cloud and strong balance sheet. Also, its acquisition of TubeMogul will help the company to build its position in the expanding Digital Marketing space. However, end-market recovery appears slow which remains a matter of concern." (6/23/2017)
2. Canaccord Genuity analysts commented, "We met with management of Cubic (CUB) and toured the company’s San Diego product showcase labs. We continue to believe that CUB is in a unique position now with material tailwinds for each of its businesses. However, the risk for the stock is timing of expected awards, and then the ultimate margin upside, or return on engineering, SAP, supply chain, integration, and business development investments. Management talked down near-term defense upside, which we believe is prudent." (3/24/2017)
3. Piper Jaffray Companies analysts commented, "We attended Adobe Summit and the associated Financial Analyst briefing. The company noted that 12,000 customers and 2,600 partners are joining them for the Summit, an increase of approximately 20% from the previous year. The company formally "re-grouped" its broad product offerings under a new Experience Cloud brand, which we believe is more focused on enabling and encouraging broader digital transformation discussions with an eye on winning large, strategic deals in the enterprise. We reiterate our Overweight rating and $160 PT." (3/22/2017)
4. Citigroup Inc. analysts commented, "Strong top-line metrics with broad drivers - Key top-line leading metrics were inline to ahead of Citi / consensus, notably new Digital Media ARR. Revenue was $1.68B, ahead of Citi / consensus $1.65B, although upside was largely perpetual Acrobat revenue and impact from more "gross" revenue from TubeMogul. OpEx remains controlled - S&M and G&A were light of our estimate while COGS was impacted by higher TubeMogul 'gross' revenue. EPS of $0.94 vs. Citi / street $0.87. Guidance slightly higher on higher ARR ' Management guided revenue to $1.73B vs. Citi $1.72B / street $1.71B, likely on stronger ARR in Q1. Stock view ' With results that have been very predictable as time marches towards FY2018 three-year target, we expect shares keep valuation framework. We are moving to use FY2020 FCFF, driving our price target to $141." (3/17/2017)
5. Wunderlich analysts commented, "We are upgrading our rating on Adobe Systems (ADBE) to Buy from Hold as the company continues to execute at such a high level that we believe a premium valuation is warranted. This comes following yet another strong quarter in which Adobe reported revenue and EPS well above consensus expectations, combined with a stronger-than-expected 2Q guide. Our new $145 price target represents a P/S multiple of 10.1x our FY17 estimate. We believe this premium valuation is warranted given Adobe's dominant market share, consistent execution, and unmatched combination of revenue growth and profitability." (3/17/2017)

Who are some of Adobe Systems Incorporated's key competitors?

Some companies that are related to Adobe Systems Incorporated include Intuit (INTU), Electronic Arts (EA), Autodesk (ADSK), Symantec Corporation (SYMC), Mobileye N.V. (MBLY), Workday (WDAY), ANSYS (ANSS), PTC (PTC), Sabre Corporation (SABR), King Digital Entertainment PLC (KING), Square (SQ), Mulesoft (MULE), Manhattan Associates (MANH), Zendesk (ZEN), Box (BOX), Paylocity Holding Corporation (PCTY), Allscripts Healthcare Solutions (MDRX) and New Relic (NEWR).

Who are Adobe Systems Incorporated's key executives?

Adobe Systems Incorporated's management team includes the folowing people:

Shantanu Narayen, Chairman of the Board, President, Chief Executive Officer
Mark S. Garrett, Chief Financial Officer, Executive Vice President
Abhay Parasnis, Executive Vice President, Chief Technology Officer
Ann Lewnes, Executive Vice President, Chief Marketing Officer
Bryan S. Lamkin, Executive Vice President, General Manager - Digital Media
Bradley Rencher, Executive Vice President, General Manager - Digital Marketing
Donna Morris, Executive Vice President - Customer and Employee Experience
Matthew A. Thompson, Executive Vice President - Worldwide Field Operations
John F. Murphy, Senior Vice President, Chief Accounting Officer
Michael A. Dillon, Senior Vice President, General Counsel, Corporate Secretary

Who owns Adobe Systems Incorporated stock?

Adobe Systems Incorporated's stock is owned by a number of of institutional and retail investors. Top institutional investors include FMR LLC (0.00%), Vanguard Group Inc. (0.00%), BlackRock Inc. (0.00%), Primecap Management Co. CA (0.00%), State Street Corp (3.95%) and Bank of New York Mellon Corp (2.82%). Company insiders that own Adobe Systems Incorporated stock include Ann Lewnes, Bradley Rencher, Bryan Lamkin, Charles M Geschke, Daniel Rosensweig, Donna Morris, Edward W Barnholt, Holdings LP Valueact, James E Daley, John E Warnock, Mark Garrett, Matthew Thompson, Michael A Dillon, Richard Rowley, Robert K Burgess, Robert Sedgewick, Shantanu Narayen and Valueact Capital Master Fund,. View Institutional Ownership Trends for Adobe Systems Incorporated.

Who sold Adobe Systems Incorporated stock? Who is selling Adobe Systems Incorporated stock?

Adobe Systems Incorporated's stock was sold by a variety of institutional investors in the last quarter, including Janus Capital Management LLC, Winslow Capital Management LLC, Wells Fargo & Company MN, American Century Companies Inc., Jennison Associates LLC, Bank of New York Mellon Corp, Primecap Management Co. CA and Cibc World Markets Corp. Company insiders that have sold Adobe Systems Incorporated stock in the last year include Ann Lewnes, Bradley Rencher, Bryan Lamkin, Charles M Geschke, Daniel Rosensweig, Donna Morris, Edward W Barnholt, James E Daley, John E Warnock, Mark Garrett, Matthew Thompson, Michael A Dillon, Richard Rowley, Robert K Burgess and Shantanu Narayen. View Insider Buying and Selling for Adobe Systems Incorporated.

Who bought Adobe Systems Incorporated stock? Who is buying Adobe Systems Incorporated stock?

Adobe Systems Incorporated's stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., UBS Asset Management Americas Inc., Egerton Capital UK LLP, Pioneer Investment Management Inc., Wellington Management Group LLP, Swedbank, Vanguard Group Inc. and Morgan Stanley. View Insider Buying and Selling for Adobe Systems Incorporated.

How do I buy Adobe Systems Incorporated stock?

Shares of Adobe Systems Incorporated can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Adobe Systems Incorporated's stock price today?

One share of Adobe Systems Incorporated stock can currently be purchased for approximately $145.41.

MarketBeat Community Rating for Adobe Systems Incorporated (NASDAQ ADBE)

Community Ranking:		2.9 out of 5 ( )
Outperform Votes:		826 (Vote Outperform)
Underperform Votes:		590 (Vote Underperform)
Total Votes:		1,416

MarketBeat's community ratings are surveys of what our community members think about Adobe Systems Incorporated and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Consensus Ratings for Adobe Systems Incorporated (NASDAQ:ADBE) (How are Consensus Ratings Calculated?)

Ratings Breakdown:	1 Sell Rating, 4 Hold Ratings, 23 Buy Ratings
Consensus Rating:	Buy (Score: 2.79)
Consensus Price Target:	$153.62 (5.64% upside)

Analysts' Ratings History for Adobe Systems Incorporated (NASDAQ:ADBE)

Show:

Date	Firm	Action	Rating	Price Target	Impact on Share Price
6/22/2017	JMP Securities	Reiterated Rating	Outperform	$138.00 -> $152.00	Low
6/21/2017	Goldman Sachs Group, Inc. (The)	Boost Price Target	Neutral	$141.00 -> $147.00	Low
6/21/2017	Citigroup Inc.	Boost Price Target	Buy	$161.00 -> $163.00	Low
6/21/2017	Deutsche Bank AG	Boost Price Target	Buy	$140.00 -> $160.00	Low
6/21/2017	Barclays PLC	Boost Price Target	Overweight	$155.00 -> $161.00	Low
6/21/2017	Stifel Nicolaus	Boost Price Target	Buy	$150.00 -> $163.00	Low
6/21/2017	Cowen and Company	Boost Price Target	Outperform	$145.00 -> $160.00	Low
6/21/2017	Pacific Crest	Boost Price Target	Overweight	$142.00 -> $174.00	Low
6/21/2017	Wunderlich	Reiterated Rating	Buy	$145.00 -> $165.00	Medium
6/21/2017	Bank of America Corporation	Reiterated Rating	Buy	$160.00 -> $184.00	High
6/21/2017	Robert W. Baird	Reiterated Rating	Outperform	$140.00 -> $160.00	High
6/21/2017	Piper Jaffray Companies	Boost Price Target	Overweight	$160.00 -> $180.00	High
6/21/2017	Canaccord Genuity	Reiterated Rating	Buy	$145.00 -> $165.00	High
6/21/2017	J P Morgan Chase & Co	Boost Price Target	Overweight	$145.00 -> $170.00	High
6/21/2017	BMO Capital Markets	Boost Price Target	Outperform	$160.00 -> $165.00	High
6/21/2017	Pivotal Research	Reiterated Rating	Sell	$112.00 -> $114.00	High
6/20/2017	Credit Suisse Group	Reiterated Rating	Outperform	$150.00	Low
6/16/2017	Morgan Stanley	Reiterated Rating	Equal Weight	$137.00	Low
5/25/2017	Royal Bank Of Canada	Boost Price Target	Outperform -> Outperform	$135.00 -> $157.00	Medium
4/18/2017	Guggenheim	Reiterated Rating	Buy	$155.00	Low
3/29/2017	Rosenblatt Securities	Reiterated Rating	Buy	$155.00	Low
3/27/2017	BTIG Research	Upgrade	Neutral -> Buy	$151.00	Low
1/11/2017	Wells Fargo & Company	Initiated Coverage	Market Perform		N/A
12/17/2016	Dougherty & Co	Reiterated Rating	Buy	$122.00 -> $130.00	N/A
12/16/2016	Sanford C. Bernstein	Reiterated Rating	Outperform	$124.00	N/A
9/23/2016	Oppenheimer Holdings, Inc.	Reiterated Rating	Market Perform		N/A
9/23/2016	Argus	Boost Price Target	Buy	$110.00 -> $127.00	N/A
8/10/2016	Stephens	Initiated Coverage	Overweight	$125.00	N/A
4/12/2016	FBR & Co	Boost Price Target	Mkt Perform	$100.00 -> $115.00	N/A
12/11/2015	Susquehanna Bancshares Inc	Boost Price Target	Positive	$97.00 -> $110.00	N/A
12/11/2015	KeyCorp	Lower Price Target	Overweight	$110.00 -> $90.00	N/A
10/14/2015	Atlantic Securities	Upgrade	Neutral -> Overweight	$80.00 -> $97.00	N/A
10/7/2015	Evercore ISI	Lower Price Target	Buy	$100.00 -> $95.00	N/A
10/7/2015	Jefferies Group LLC	Reiterated Rating	Buy		N/A
9/21/2015	S&P Equity Research	Reiterated Rating	Hold	$82.00	N/A

(Data available from 6/24/2015 forward)

Earnings History for Adobe Systems Incorporated (NASDAQ:ADBE)

Earnings by Quarter for Adobe Systems Incorporated (NASDAQ:ADBE)

Earnings History by Quarter for Adobe Systems Incorporated (NASDAQ ADBE)

Date	Quarter	Consensus Estimate	Actual EPS	Revenue Estimate	Actual Revenue	Release Link	Conference Call
9/19/2017		$1.01					N/A
6/20/2017	5/31/2017	$0.95	$1.02	$1.73 billion	$1.77 billion	View	N/A
3/16/2017	Q1 2017	$0.87	$0.94	$1.65 billion	$1.68 billion	View	N/A
12/15/2016	Q416	$0.86	$0.90	$1.58 billion	$1.61 billion	View	N/A
9/20/2016	Q316	$0.72	$0.75	$1.45 billion	$1.46 billion	View	Listen
6/21/2016	Q216	$0.68	$0.71	$1.40 billion	$1.40 billion	View	Listen
3/17/2016	Q116	$0.61	$0.66	$1.33 billion	$1.38 billion	View	Listen
12/10/2015	Q415	$0.60	$0.62	$1.31 billion	$1.31 billion	View	Listen
9/17/2015	Q315	$0.50	$0.54	$1.21 billion	$1.22 billion	View	Listen
6/16/2015	Q215	$0.45	$0.48	$1.16 billion	$1.16 billion	View	Listen
3/17/2015	Q115	$0.39	$0.44	$1.08 billion	$1.11 billion	View	N/A
12/11/2014	Q414	$0.30	$0.36	$1.06 billion	$1.07 billion	View	N/A
9/16/2014	Q314	$0.26	$0.28	$1.02 billion	$1.01 billion	View	N/A
6/17/2014	Q214	$0.30	$0.37	$1.03 billion	$1.07 billion	View	N/A
3/18/2014	Q114	$0.25	$0.30	$973.09 million	$1,000.00 million	View	N/A
12/12/2013	Q4	$0.32	$0.32	$1.03 billion	$1.04 billion	View	Listen
9/17/2013	Q3 2013	$0.34	$0.32	$1.01 billion	$995.00 million	View	N/A
6/18/2013	Q2 2013	$0.34	$0.36	$1.01 billion	$1.01 billion	View	N/A
3/19/2013	Q1 2013	$0.31	$0.35	$986.00 million	$1.01 billion	View	N/A
12/13/2012	0.61	$0.56	$0.61	$1.10 billion	$1.15 billion	View	N/A
9/19/2012	Q312	$0.58	$0.58	$1.10 billion	$1.08 billion	View	N/A
6/19/2012		$0.59	$0.60			View	N/A
3/19/2012		$0.57	$0.57			View	N/A
12/15/2011		$0.60	$0.67			View	N/A
9/20/2011		$0.54	$0.55			View	N/A
6/21/2011		$0.51	$0.55			View	N/A
3/22/2011		$0.57	$0.58			View	N/A
12/20/2010		$0.52	$0.56	$988.07 million	$1.01 billion	View	N/A

(Data available from 1/1/2011 forward)

Earnings Estimates for Adobe Systems Incorporated (NASDAQ:ADBE)

2017 EPS Consensus Estimate: $3.24
2018 EPS Consensus Estimate: $4.09

Quarter	Number of Estimates	Low Estimate	High Estimate	Average Estimate
Q1 2017	2	$0.71	$0.75	$0.73
Q2 2017	2	$0.76	$0.78	$0.77
Q3 2017	3	$0.81	$0.84	$0.83
Q4 2017	3	$0.84	$0.96	$0.92
Q1 2018	1	$0.90	$0.90	$0.90
Q2 2018	1	$0.98	$0.98	$0.98
Q3 2018	1	$1.07	$1.07	$1.07
Q4 2018	1	$1.14	$1.14	$1.14

(Data provided by Zacks Investment Research)

Dividend History for Adobe Systems Incorporated (NASDAQ:ADBE)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trading and Institutional Ownership History for Adobe Systems Incorporated (NASDAQ:ADBE)

Insider Ownership Percentage: 0.38%
Institutional Ownership Percentage: 87.93%

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

Insider Trades by Quarter for Adobe Systems Incorporated (NASDAQ:ADBE)

Transaction Date	Insider Name	Title	Buy/Sell	Number of Shares	Average Share Price	Total Transaction
6/22/2017	John E Warnock	Director	Sell	32,600	$144.07	$4,696,682.00
6/14/2017	Ann Lewnes	EVP	Sell	2,233	$139.29	$311,034.57
5/10/2017	Ann Lewnes	EVP	Sell	2,233	$135.86	$303,375.38
4/12/2017	Ann Lewnes	EVP	Sell	2,233	$129.96	$290,200.68
3/31/2017	Bryan Lamkin	EVP	Sell	20,000	$130.30	$2,606,000.00
3/22/2017	Ann Lewnes	EVP	Sell	2,233	$125.00	$279,125.00
3/20/2017	Charles M Geschke	Director	Sell	59,550	$125.95	$7,500,322.50
2/6/2017	Mark Garrett	CFO	Sell	45,199	$114.12	$5,158,109.88
2/2/2017	Robert K Burgess	Director	Sell	25,000	$113.19	$2,829,750.00
1/27/2017	Michael A Dillon	EVP	Sell	10,440	$113.08	$1,180,555.20
1/25/2017	Matthew Thompson	EVP	Sell	55,000	$113.78	$6,257,900.00
1/25/2017	Shantanu Narayen	Insider	Sell	173,703	$113.91	$19,786,508.73
1/20/2017	James E Daley	Director	Sell	10,000	$110.02	$1,100,200.00
1/17/2017	John E Warnock	Chairman	Sell	5,000	$107.28	$536,400.00
1/9/2017	Charles M Geschke	Chairman	Sell	23,100	$108.52	$2,506,812.00
1/6/2017	Richard Rowley	VP	Sell	1,348	$108.13	$145,759.24
1/4/2017	Charles M Geschke	Chairman	Sell	48,100	$104.03	$5,003,843.00
12/19/2016	John E Warnock	Chairman	Sell	6,000	$105.41	$632,460.00
10/10/2016	Michael A Dillon	EVP	Sell	13,331	$109.64	$1,461,610.84
9/27/2016	John E Warnock	Chairman	Sell	5,000	$106.99	$534,950.00
9/26/2016	Daniel Rosensweig	Director	Sell	13,000	$107.42	$1,396,460.00
9/22/2016	James E Daley	Director	Sell	6,276	$108.00	$677,808.00
9/6/2016	Mark Garrett	CFO	Sell	26,899	$103.47	$2,783,239.53
8/29/2016	Michael A Dillon	EVP	Sell	5,450	$101.85	$555,082.50
8/26/2016	Ann Lewnes	EVP	Sell	131	$101.68	$13,320.08
8/10/2016	Donna Morris	EVP	Sell	2,335	$100.00	$233,500.00
7/29/2016	Ann Lewnes	EVP	Sell	4,000	$98.40	$393,600.00
7/20/2016	James E Daley	Director	Sell	5,000	$98.50	$492,500.00
7/20/2016	John E Warnock	Chairman	Sell	2,000	$98.51	$197,020.00
7/11/2016	Edward W Barnholt	Director	Sell	25,000	$97.25	$2,431,250.00
7/1/2016	Bradley Rencher	EVP	Sell	37,562	$95.46	$3,585,668.52
7/1/2016	Richard Rowley	CAO	Sell	271	$95.68	$25,929.28
6/30/2016	John E. Warnock	Chairman	Sell	4,000	$95.15	$380,600.00
6/24/2016	Ann Lewnes	CMO	Sell	4,000	$92.39	$369,560.00
5/27/2016	Ann Lewnes	CMO	Sell	4,000	$99.40	$397,600.00
5/10/2016	Michael A Dillon	EVP	Sell	9,466	$95.09	$900,121.94
5/2/2016	Shantanu Narayen	CEO	Sell	22,420	$94.51	$2,118,914.20
4/29/2016	Ann Lewnes	CMO	Sell	4,000	$92.89	$371,560.00
4/12/2016	John E Warnock	Chairman	Sell	5,000	$93.29	$466,450.00
4/7/2016	John E Warnock	Chairman	Sell	5,000	$93.69	$468,450.00
4/1/2016	James E Daley	Director	Sell	7,840	$94.64	$741,977.60
4/1/2016	Richard Rowley	CAO	Sell	8,780	$95.05	$834,539.00
4/1/2016	Shantanu Narayen	CEO	Sell	22,422	$94.85	$2,126,726.70
3/31/2016	Valueact Capital Master Fund,	Insider	Sell	8,733,319	$93.65	$817,875,324.35
3/28/2016	Ann Lewnes	CMO	Sell	4,000	$92.68	$370,720.00
3/28/2016	Valueact Capital Master Fund,	Insider	Sell	921,808	$92.51	$85,276,458.08
3/24/2016	Richard Rowley	CAO	Sell	4,146	$92.46	$383,339.16
3/23/2016	Valueact Capital Master Fund,	Insider	Sell	2,112,612	$92.78	$196,008,141.36
3/22/2016	Donna Morris	EVP	Sell	25,000	$93.00	$2,325,000.00
3/21/2016	Charles M Geschke	Chairman	Sell	25,000	$92.48	$2,312,000.00
3/1/2016	Shantanu Narayen	CEO	Sell	22,422	$86.33	$1,935,691.26
2/26/2016	Ann Lewnes	CMO	Sell	4,000	$86.31	$345,240.00
2/1/2016	Shantanu Narayen	CEO	Sell	22,422	$88.80	$1,991,073.60
1/29/2016	Ann Lewnes	CMO	Sell	4,000	$86.23	$344,920.00
1/29/2016	Michael A. Dillon	EVP	Sell	10,310	$86.25	$889,237.50
1/29/2016	Valueact Capital Master Fund,	Insider	Sell	185,000	$89.01	$16,466,850.00
1/26/2016	Matthew Thompson	EVP	Sell	73,000	$86.84	$6,339,320.00
1/26/2016	Shantanu Narayen	CEO	Sell	183,853	$86.83	$15,963,955.99
1/25/2016	Mark Garrett	CFO	Sell	53,395	$88.52	$4,726,525.40
1/25/2016	Valueact Capital Master Fund,	Insider	Sell	2,052,000	$89.33	$183,305,160.00
1/22/2016	John E Warnock	Chairman	Sell	37,000	$89.05	$3,294,850.00
12/1/2015	Shantanu Narayen	CEO	Sell	22,422	$91.89	$2,060,357.58
11/2/2015	Shantanu Narayen	CEO	Sell	22,422	$88.85	$1,992,194.70
10/29/2015	Michael A Dillon	SVP	Sell	5,000	$88.12	$440,600.00
10/26/2015	Donna Morris	SVP	Sell	16,000	$88.05	$1,408,800.00
10/23/2015	Robert Sedgewick	Director	Sell	15,942	$88.98	$1,418,519.16
10/22/2015	Bradley Rencher	SVP	Sell	26,000	$88.66	$2,305,160.00
10/22/2015	James E. Daley	Director	Sell	5,000	$88.34	$441,700.00
10/15/2015	James E. Daley	Director	Sell	5,000	$86.00	$430,000.00
10/14/2015	Ann Lewnes	CMO	Sell	4,000	$84.00	$336,000.00
10/13/2015	Charles M Geschke	Chairman	Sell	36,400	$84.14	$3,062,696.00
10/12/2015	Charles M Geschke	Chairman	Sell	31,701	$84.16	$2,667,956.16
10/8/2015	John E Warnock	Chairman	Sell	50,000	$80.60	$4,030,000.00
10/1/2015	Shantanu Narayen	CEO	Sell	22,422	$82.12	$1,841,294.64
9/9/2015	Ann Lewnes	CMO	Sell	4,000	$80.79	$323,160.00
9/1/2015	Shantanu Narayen	CEO	Sell	22,422	$76.60	$1,717,525.20
8/24/2015	Michael A. Dillon	SVP	Sell	6,576	$74.68	$491,095.68
8/17/2015	Mark Garrett	CFO	Sell	26,899	$86.49	$2,326,494.51
7/27/2015	Robert Sedgewick	Director	Sell	25,000	$80.27	$2,006,750.00
7/16/2015	Holdings L.P. Valueact	Insider	Sell	1,693,000	$82.20	$139,164,600.00
7/8/2015	Ann Lewnes	CMO	Sell	4,000	$79.95	$319,800.00
6/30/2015	Holdings L.P. Valueact	Insider	Sell	307,000	$82.82	$25,425,740.00
6/19/2015	Shantanu Narayen	CEO	Sell	25,360	$79.24	$2,009,526.40
6/18/2015	John E Warnock	Chairman	Sell	25,000	$78.76	$1,969,000.00
6/10/2015	Ann Lewnes	CMO	Sell	4,000	$78.18	$312,720.00
5/13/2015	Ann Lewnes	CMO	Sell	4,000	$76.60	$306,400.00
5/1/2015	Shantanu Narayen	CEO	Sell	36,753	$76.04	$2,794,698.12
4/29/2015	Donna Morris	SVP	Sell	10,000	$77.04	$770,400.00
4/28/2015	Bradley Rencher	SVP	Sell	23,209	$76.15	$1,767,365.35
4/15/2015	Bryan Lamkin	SVP	Sell	7,542	$76.05	$573,569.10
4/14/2015	John E Warnock	Chairman	Sell	81,858	$75.24	$6,158,995.92
4/8/2015	Ann Lewnes	CMO	Sell	4,000	$75.68	$302,720.00
4/7/2015	Richard Rowley	VP	Sell	8,434	$76.43	$644,610.62
4/2/2015	Donna Morris	SVP	Sell	10,000	$75.64	$756,400.00
4/1/2015	Shantanu Narayen	CEO	Sell	36,762	$73.30	$2,694,654.60
3/24/2015	Edward W Barnholt	Director	Sell	25,000	$75.68	$1,892,000.00
3/11/2015	Ann Lewnes	CMO	Sell	4,000	$75.91	$303,640.00
3/2/2015	Shantanu Narayen	CEO	Sell	36,762	$79.09	$2,907,506.58
2/11/2015	Ann Lewnes	CMO	Sell	4,000	$72.78	$291,120.00
2/2/2015	Shantanu Narayen	CEO	Sell	36,762	$69.89	$2,569,296.18
1/29/2015	Bradley Rencher	SVP	Sell	20,000	$71.75	$1,435,000.00
1/29/2015	Mark Garrett	CFO	Sell	39,168	$70.06	$2,744,110.08
1/28/2015	Richard Rowley	VP	Sell	5,256	$70.33	$369,654.48
1/26/2015	David Wadhwani	SVP	Sell	32,594	$72.36	$2,358,501.84
1/26/2015	Matthew Thompson	EVP	Sell	56,542	$72.44	$4,095,902.48
1/26/2015	Robert Sedgewick	Director	Sell	25,000	$72.66	$1,816,500.00
1/26/2015	Shantanu Narayen	CEO	Sell	100,000	$72.39	$7,239,000.00
1/14/2015	Ann Lewnes	CMO	Sell	4,000	$69.88	$279,520.00
1/9/2015	David Wadhwani	SVP	Sell	11,230	$71.90	$807,437.00
1/2/2015	Shantanu Narayen	CEO	Sell	36,762	$73.01	$2,683,993.62
12/30/2014	Bradley Rencher	SVP	Sell	3,200	$73.18	$234,176.00
12/24/2014	Holdings L.P. Valueact	Insider	Sell	700,000	$74.69	$52,283,000.00
12/17/2014	Holdings L.P. Valueact	Insider	Sell	2,075,000	$74.42	$154,421,500.00
12/15/2014	Donna Morris	SVP	Sell	22,000	$75.80	$1,667,600.00
12/15/2014	Holdings L.P. Valueact	Director	Sell	1,130,000	$74.70	$84,411,000.00
12/15/2014	John E Warnock	Chairman	Sell	75,000	$75.60	$5,670,000.00
12/10/2014	Ann Lewnes	CMO	Sell	4,000	$71.46	$285,840.00
12/1/2014	Shantanu Narayen	CEO	Sell	36,762	$73.59	$2,705,315.58
11/12/2014	Ann Lewnes	CMO	Sell	4,000	$71.54	$286,160.00
11/3/2014	Shantanu Narayen	CEO	Sell	36,762	$70.04	$2,574,810.48
10/31/2014	Mark Garrett	CFO	Sell	124,731	$70.00	$8,731,170.00
10/29/2014	Bradley Rencher	SVP	Sell	18,788	$67.92	$1,276,080.96
10/8/2014	Ann Lewnes	CMO	Sell	4,000	$66.00	$264,000.00
10/1/2014	Shantanu Narayen	CEO	Sell	36,762	$68.55	$2,520,035.10
9/19/2014	Amy Banse	Director	Buy	1,740	$66.45	$115,623.00
9/18/2014	Mark Garrett	CFO	Sell	30,000	$67.48	$2,024,400.00
9/2/2014	Shantanu Narayen	CEO	Sell	36,762	$72.07	$2,649,437.34
8/26/2014	Michael A Dillon	SVP	Sell	6,576	$71.98	$473,340.48
8/1/2014	Shantanu Narayen	CEO	Sell	36,762	$68.98	$2,535,842.76
7/31/2014	Holdings L.P. Valueact	Insider	Sell	700,000	$72.17	$50,519,000.00
7/31/2014	Robert K Burgess	Director	Sell	25,000	$69.11	$1,727,750.00
7/7/2014	Edward W Barnholt	Director	Sell	31,887	$72.61	$2,315,315.07
7/1/2014	Michael R Cannon	Director	Sell	25,000	$72.71	$1,817,750.00
7/1/2014	Shantanu Narayen	CEO	Sell	39,689	$72.19	$2,865,148.91
6/26/2014	Holdings L.P. Valueact	Insider	Sell	650,000	$72.79	$47,313,500.00
6/24/2014	David Wadhwani	SVP	Sell	5,599	$72.45	$405,647.55
6/24/2014	Richard Rowley	VP	Sell	13,835	$73.07	$1,010,923.45
6/23/2014	Bryan Lamkin	SVP	Sell	5,392	$72.51	$390,973.92
6/19/2014	James E Daley	Director	Sell	5,000	$73.25	$366,250.00
6/19/2014	Matthew Thompson	EVP	Sell	23,917	$72.62	$1,736,852.54
6/19/2014	Shantanu Narayen	CEO	Sell	439,000	$72.65	$31,893,350.00
5/6/2014	Mark Garrett	CFO	Sell	2,395	$61.15	$146,454.25
5/1/2014	Shantanu Narayen	CEO	Sell	50,000	$61.84	$3,092,000.00
4/29/2014	Michael Cannon	Director	Sell	35,000	$60.76	$2,126,600.00
4/22/2014	John Warnock	Chairman	Sell	20,000	$64.44	$1,288,800.00
4/22/2014	Michael Cannon	Director	Sell	10,629	$64.45	$685,039.05
4/22/2014	Richard Rowley	VP	Sell	18,927	$64.47	$1,220,223.69
4/2/2014	David Wadhwani	SVP	Sell	39,505	$65.61	$2,591,923.05
4/1/2014	Charles Geschke	Chairman	Sell	33,500	$65.83	$2,205,305.00
4/1/2014	Mark Garrett	CFO	Sell	15,000	$66.02	$990,300.00
4/1/2014	Shantanu Narayen	CEO	Sell	50,000	$66.00	$3,300,000.00
3/24/2014	John Warnock	Chairman	Sell	50,000	$65.63	$3,281,500.00
3/20/2014	James Daley	Director	Sell	5,000	$69.00	$345,000.00
3/4/2014	Mark Garrett	CFO	Sell	15,000	$68.73	$1,030,950.00
2/4/2014	Mark Garrett	CFO	Sell	15,000	$58.22	$873,300.00
1/30/2014	Bradley Rencher	SVP	Sell	20,000	$59.63	$1,192,600.00
1/29/2014	Naresh Gupta	SVP	Sell	102,633	$58.60	$6,014,293.80
1/27/2014	Ann Lewnes	CMO	Sell	25,140	$57.96	$1,457,114.40
1/27/2014	David Wadhwani	SVP	Sell	40,772	$58.49	$2,384,754.28
1/27/2014	Matthew Thompson	EVP	Sell	50,957	$58.02	$2,956,525.14
1/27/2014	Shantanu Narayen	CEO	Sell	100,000	$58.43	$5,843,000.00
1/14/2014	Richard Rowley	VP	Sell	4,334	$59.98	$259,953.32
1/10/2014	Robert Burgess	Director	Sell	94,832	$59.18	$5,612,157.76
1/7/2014	Mark Garrett	CFO	Sell	11,899	$58.20	$692,521.80
12/19/2013	David Wadhwani	SVP	Sell	28,010	$58.12	$1,627,941.20
12/3/2013	Mark Garrett	CFO	Sell	15,000	$56.77	$851,550.00
12/2/2013	Shantanu Narayen	CEO	Sell	50,000	$56.81	$2,840,500.00
11/1/2013	Shantanu Narayen	CEO	Sell	50,000	$54.42	$2,721,000.00
10/30/2013	Robert Sedgewick	Director	Sell	50,000	$54.76	$2,738,000.00
10/22/2013	Holdings L.P. Valueact	Insider	Sell	3,466,894	$52.86	$183,260,016.84
10/17/2013	Holdings L.P. Valueact	Insider	Sell	2,533,106	$52.13	$132,050,815.78
10/16/2013	Robert Burgess	Director	Sell	50,000	$51.87	$2,593,500.00
10/15/2013	Michael Dillon	SVP	Sell	10,000	$52.06	$520,600.00
9/20/2013	James Daley	Director	Sell	25,000	$52.70	$1,317,500.00
9/19/2013	Richard Rowley	VP	Sell	6,056	$51.85	$314,003.60
9/3/2013	Mark Garrett	CFO	Sell	15,000	$46.38	$695,700.00
9/3/2013	Shantanu Narayen	CEO	Sell	50,000	$46.26	$2,313,000.00
8/6/2013	Mark Garrett	CFO	Sell	15,000	$47.65	$714,750.00
8/1/2013	Shantanu Narayen	CEO	Sell	50,000	$47.54	$2,377,000.00
7/12/2013	Bradley Rencher	SVP	Sell	48,581	$48.30	$2,346,462.30
7/8/2013	David Wadhwani	SVP	Sell	101,203	$46.63	$4,719,095.89
7/2/2013	John E Warnock	Chairman	Sell	50,000	$46.06	$2,303,000.00
7/2/2013	Mark Garrett	CFO	Sell	15,000	$46.22	$693,300.00
7/2/2013	Matthew Thompson	EVP	Sell	516,393	$46.41	$23,965,799.13
7/1/2013	James E Daley	Director	Sell	31,887	$46.45	$1,481,151.15
7/1/2013	Shantanu Narayen	CEO	Sell	50,000	$45.31	$2,265,500.00
6/26/2013	Mark Garrett	CFO	Sell	168,000	$44.95	$7,551,600.00
6/21/2013	Mark Garrett	CFO	Sell	232,276	$44.95	$10,440,806.20
6/20/2013	Shantanu Narayen	CEO	Sell	50,000	$44.85	$2,242,500.00
4/9/2013	Richard Rowley	VP	Sell	58,275	$43.97	$2,562,351.75
3/22/2013	David Wadhwani	SVP	Sell	12,183	$43.16	$525,818.28
3/22/2013	James E Daley	Director	Sell	30,000	$42.75	$1,282,500.00
3/21/2013	Kevin M Lynch	EVP	Sell	324,440	$42.18	$13,684,879.20
3/21/2013	Richard Rowley	VP	Sell	9,339	$42.49	$396,814.11
1/16/2013	Amy Banse	Director	Buy	5,000	$38.06	$190,300.00
12/24/2012	David Wadhwani	SVP	Sell	54,330	$37.37	$2,030,312.10
10/4/2012	John E Warnock	Chairman	Sell	40,000	$32.59	$1,303,600.00

(Data available from 1/1/2013 forward)

Headline Trends for Adobe Systems Incorporated (NASDAQ:ADBE) Latest Headlines for Adobe Systems Incorporated (NASDAQ:ADBE)

Source:

Date	Headline
	Adobe Systems Incorporated (ADBE) Expected to Announce Quarterly Sales of $1.81 Billion www.americanbankingnews.com - June 24 at 7:56 AM
	Adobe Systems Incorporated (ADBE) Director Sells $4,696,682.00 in Stock www.americanbankingnews.com - June 23 at 7:15 PM
	Adobe Hit A New High, But Are Analysts Impressed? finance.yahoo.com - June 23 at 6:58 PM
	Media Alert: Adobe Analytics Shows Online Apparel Sales Putting Pressure on In-Store Sales finance.yahoo.com - June 23 at 6:58 PM
	Oracle Is Heading Even Higher Into the Clouds finance.yahoo.com - June 23 at 6:58 PM
	Apple's Siri Problem, and Nvidia and AMD's Cryptocurrency Boost -- TheStreet's 5 Top Tech Ideas finance.yahoo.com - June 23 at 6:58 PM
	Week in Review: Crude Oil Drives Markets in Dog Days of Summer finance.yahoo.com - June 23 at 6:58 PM
	Zacks Investment Research Upgrades Adobe Systems Incorporated (ADBE) to Buy www.americanbankingnews.com - June 23 at 12:50 PM
	Griffin Securities Comments on Adobe Systems Incorporated's Q3 2017 Earnings (ADBE) www.americanbankingnews.com - June 23 at 9:12 AM
	Jim Cramer like you've never seen him before... finance.yahoo.com - June 23 at 1:20 AM
	Watch Cramer as a real-time cartoon, and why it made him ... finance.yahoo.com - June 23 at 1:20 AM
	Adobe Systems Incorporated (ADBE) Expected to Announce Earnings of $0.79 Per Share www.americanbankingnews.com - June 22 at 10:24 PM
	Adobe Systems Stock Gets More Price-Target Hikes Post-Earnings finance.yahoo.com - June 22 at 3:17 PM
	Adobe Systems Incorporated (ADBE) Given Outperform Rating at JMP Securities www.americanbankingnews.com - June 22 at 1:38 PM
	Adobe Systems Makes New All-Time-High After Q2 Beat - Benzinga www.benzinga.com - June 22 at 12:54 PM
	Stick With Adobe Systems Incorporated (ADBE) Stock as the Cloud Grows investorplace.com - June 22 at 10:28 AM
	Adobe Systems Inc. (ADBE) Has Broken Out To A New High On Q2 Results www.nasdaq.com - June 21 at 3:49 PM
	Adobe Upside Looks Limited Despite Solid Quarter finance.yahoo.com - June 21 at 3:49 PM
	Jim Cramer: Adobe Is Hitting at All Cylinders finance.yahoo.com - June 21 at 3:49 PM
	Adobe's Q2 Strength Keeps The Bull Thesis Intact finance.yahoo.com - June 21 at 3:49 PM
	US STOCKS-Nasdaq boosted by biotechs; banks weigh on Dow, S&P finance.yahoo.com - June 21 at 3:49 PM
	Adobe Continues to Drive 360 Video and VR Innovation with Acquisition of Mettle’s Skybox Tools for Editing and Visual Effects finance.yahoo.com - June 21 at 3:49 PM
	Adobe Stock Hits Record High On Beat-And-Raise Earnings Report finance.yahoo.com - June 21 at 3:49 PM
	Energy Sector Pressures the Dow and S&P 500 as Crude Selloff Steepens finance.yahoo.com - June 21 at 3:49 PM
	Adobe Systems' (ADBE) Neutral Rating Reaffirmed at Goldman Sachs Group Inc www.americanbankingnews.com - June 21 at 12:42 PM
	Adobe Systems' (ADBE) Buy Rating Reaffirmed at Deutsche Bank AG www.americanbankingnews.com - June 21 at 12:42 PM
	Adobe Systems Incorporated (ADBE) Given Buy Rating at Citigroup Inc. www.americanbankingnews.com - June 21 at 12:42 PM
	Adobe Systems Incorporated (ADBE) Earns "Overweight" Rating from Pacific Crest www.americanbankingnews.com - June 21 at 11:56 AM
	Cowen and Company Reiterates "Outperform" Rating for Adobe Systems Incorporated (ADBE) www.americanbankingnews.com - June 21 at 11:56 AM
	Adobe Systems' (ADBE) "Buy" Rating Reiterated at Stifel Nicolaus www.americanbankingnews.com - June 21 at 11:56 AM
	Adobe Systems Incorporated (ADBE) Receives "Overweight" Rating from Barclays PLC www.americanbankingnews.com - June 21 at 11:56 AM
	Catch the Adobe Systems Incorporated (ADBE) Stock Flying Knife investorplace.com - June 21 at 10:48 AM
	US stock indexes hold steady as the price of oil steadies marketbeat.com - June 21 at 10:47 AM
	3 Stocks to Watch on Wednesday: Carmax, Inc (KMX), Adobe Systems Incorporated (ADBE) and Sangamo Therapeutics Inc (SGMO) investorplace.com - June 21 at 9:17 AM
	Analysts raise Adobe Systems price target after earnings beat; shares up 4.7% seekingalpha.com - June 21 at 8:28 AM
	Adobe Systems Incorporated (ADBE) Earns Outperform Rating from Robert W. Baird www.americanbankingnews.com - June 21 at 8:16 AM
	Adobe Systems Incorporated (ADBE) PT Raised to $170.00 www.americanbankingnews.com - June 21 at 7:44 AM
	Adobe Systems' (ADBE) "Sell" Rating Reaffirmed at Pivotal Research www.americanbankingnews.com - June 21 at 7:26 AM
	Edited Transcript of ADBE earnings conference call or presentation 20-Jun-17 9:00pm GMT finance.yahoo.com - June 21 at 5:31 AM
	Adobe Systems Inc. (ADBE) Is Climbing After Q2 Profit Topped Expectations www.rttnews.com - June 21 at 12:27 AM
	Adobe Crushes Wall Street's Q2 Estimates, Guides Higher finance.yahoo.com - June 21 at 12:27 AM
	Adobe's cloud push fuels profit beat, shares surge finance.yahoo.com - June 21 at 12:27 AM
	Adobe Up 4% on FYQ2 Beat, Higher Q3 View finance.yahoo.com - June 21 at 12:26 AM
	Adobe Systems Climbs to New Highs on Accelerated Growth finance.yahoo.com - June 21 at 12:26 AM
	Adobe's Creative Cloud Keeps Predictably Beating Expectations finance.yahoo.com - June 21 at 12:26 AM
	Adobe beats Street 2Q forecasts finance.yahoo.com - June 21 at 12:26 AM
	San Jose City Council votes 10-1 to begin negotiations with Google for Diridon Station project finance.yahoo.com - June 21 at 12:26 AM
	Adobe Systems Incorporated (ADBE) Cut to Buy at Vetr Inc. www.americanbankingnews.com - June 21 at 12:23 AM
	4 Reasons To Buy Adobe Systems Before It Hits $200 www.forbes.com - June 20 at 8:19 PM
	Adobe Systems Incorporated (ADBE) Issues Q3 Earnings Guidance www.americanbankingnews.com - June 20 at 5:22 PM