Adobe Systems Incorporated (ADBE) Shares Bought by MainStreet Investment Advisors LLC – Fairfield Current
MainStreet Investment Advisors LLC lifted its stake in shares of Adobe Systems Incorporated (NASDAQ:ADBE) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. Adobe Systems’s quarterly revenue was up 24.4% on a year-over-year basis. As a group, equities analysts predict that Adobe Systems Incorporated will post 5.66 earnings per share for the current fiscal year. Zacks Investment Research raised Adobe Systems from a “hold” rating to a “buy” rating and set a $305.00 price target for the company in a report on Thursday, October 4th. In related news, EVP Abhay Parasnis sold 10,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 24th.