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Adobe Systems Inc. (ADBE) President and CEO Shantanu Narayen sells 200,000 Shares

May 07, 2012 | About:
insider

insider

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President and CEO of Adobe Systems Inc. (ADBE) Shantanu Narayen sells 200,000 shares of ADBE on 05/07/2012 at an average price of $33.88 a share.

Adobe Systems has a market cap of $16.42 billion; its shares were traded at around $32.52 with a P/E ratio of 18.7 and P/S ratio of 3.9.

This is the annual revenues and earnings per share of ADBE over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of ADBE.


CEO Recent Trades:


  • President and CEO Shantanu Narayen sold 90,000 shares of ADBE stock on 01/31/2012 at the average price of 30.95. Shantanu Narayen owns at least 225,354 shares after this. The price of the stock has increased by 5.07% since.

This is the insider trade history vs. stock price of ADBE. For the complete insider trading history of ADBE, click here.




Directors and Officers Recent Trades:


  • Co-Chairman of the Board John E Warnock sold 40,000 shares of ADBE stock on 04/11/2012 at the average price of 32.78. John E Warnock owns at least 983,667 shares after this. The price of the stock has decreased by 0.79% since.
  • SVP, Digital Media BU David Wadhwani sold 18,900 shares of ADBE stock on 04/04/2012 at the average price of 33.49. David Wadhwani owns at least 10,960 shares after this. The price of the stock has decreased by 2.9% since.
  • SVP WW Field Operations Matthew Thompson sold 32,334 shares of ADBE stock on 03/22/2012 at the average price of 33.7. Matthew Thompson owns at least 39,270 shares after this. The price of the stock has decreased by 3.5% since.
  • SVP, Gen. Counsel & Secretary Karen O Cottle sold 41,251 shares of ADBE stock on 03/21/2012 at the average price of 33.3. Karen O Cottle owns at least 74,105 shares after this. The price of the stock has decreased by 2.34% since.
  • Co-Chairman of the Board John E Warnock sold 120,000 shares of ADBE stock on 03/21/2012 at the average price of 33.6. John E Warnock owns at least 1,026,667 shares after this. The price of the stock has decreased by 3.21% since.


For the complete insider trading history of ADBE, click here.

About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

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  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


Rating: 3.0/5 (2 votes)

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