Adobe Systems (NASDAQ:ADBE)‘s stock had its “buy” rating reiterated by investment analysts at Robert W. Baird in a research report issued to clients and investors on Friday. They presently have a $200.00 price objective on the software company’s stock. Robert W. Baird’s target price would indicate a potential upside of 12.67% from the company’s current price.

Several other equities research analysts have also commented on the company. Vetr lowered Adobe Systems from a “strong-buy” rating to a “buy” rating and set a $198.52 price objective for the company. in a research note on Monday. Oppenheimer reiterated a “hold” rating on shares of Adobe Systems in a research note on Friday. Pivotal Research reiterated a “hold” rating and set a $162.00 price objective (up from $160.00) on shares of Adobe Systems in a research note on Friday. Citigroup boosted their price objective on Adobe Systems to $202.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Barclays boosted their target price on Adobe Systems to $193.00 and gave the stock an “overweight” rating in a report on Friday. Seven research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $186.27.

Adobe Systems (NASDAQ ADBE) traded up $2.51 during trading hours on Friday, reaching $177.51. The company’s stock had a trading volume of 9,191,500 shares, compared to its average volume of 2,489,142. Adobe Systems has a 52 week low of $101.91 and a 52 week high of $186.27. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.23. The stock has a market cap of $87,502.30, a price-to-earnings ratio of 50.14, a P/E/G ratio of 2.24 and a beta of 1.05.

Adobe Systems (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, December 14th. The software company reported $1.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.10. Adobe Systems had a return on equity of 22.57% and a net margin of 23.20%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the business earned $0.90 EPS. Adobe Systems’s quarterly revenue was up 24.8% on a year-over-year basis. analysts anticipate that Adobe Systems will post 4.66 earnings per share for the current year.

In related news, Director John E. Warnock sold 6,800 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $174.20, for a total value of $1,184,560.00. Following the transaction, the director now directly owns 16,088 shares in the company, valued at $2,802,529.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ann Lewnes sold 1,953 shares of the company’s stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $152.09, for a total value of $297,031.77. The disclosure for this sale can be found here. Insiders sold 14,849 shares of company stock worth $2,554,091 over the last quarter. 0.38% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Aviva PLC lifted its stake in Adobe Systems by 0.4% during the second quarter. Aviva PLC now owns 312,394 shares of the software company’s stock worth $44,194,000 after purchasing an additional 1,250 shares in the last quarter. Bender Robert & Associates acquired a new position in Adobe Systems during the third quarter worth $3,476,000. Grove Bank & Trust lifted its stake in Adobe Systems by 14.9% during the third quarter. Grove Bank & Trust now owns 4,546 shares of the software company’s stock worth $678,000 after purchasing an additional 591 shares in the last quarter. Arcadia Investment Management Corp MI lifted its stake in Adobe Systems by 6.9% during the second quarter. Arcadia Investment Management Corp MI now owns 34,547 shares of the software company’s stock worth $4,886,000 after purchasing an additional 2,242 shares in the last quarter. Finally, BARING ASSET MANAGEMENT Ltd lifted its stake in Adobe Systems by 12.0% during the second quarter. BARING ASSET MANAGEMENT Ltd now owns 26,699 shares of the software company’s stock worth $3,776,000 after purchasing an additional 2,864 shares in the last quarter. Institutional investors own 87.45% of the company’s stock.

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Adobe Systems Company Profile

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.

Analyst Recommendations for Adobe Systems (NASDAQ:ADBE)

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