Stephens restated their buy rating on shares of Adobe Systems (NASDAQ:ADBE) in a research report sent to investors on Wednesday. The firm currently has a $210.00 target price on the software company’s stock.

“APDN and Colorcon have entered into a technology license memorandum of understanding that will combine DNA tagging with film coating for the pharmaceutical and nutraceutical industry.”,” the firm’s analyst wrote.

A number of other equities research analysts also recently commented on ADBE. Royal Bank of Canada reiterated a buy rating on shares of Adobe Systems in a research report on Wednesday, September 20th. Canaccord Genuity reiterated a buy rating and set a $170.00 price objective (up previously from $165.00) on shares of Adobe Systems in a research report on Wednesday, September 20th. Oppenheimer reiterated a hold rating on shares of Adobe Systems in a research report on Wednesday, September 20th. Cowen reiterated an outperform rating and set a $165.00 price objective on shares of Adobe Systems in a research report on Tuesday, October 3rd. Finally, Robert W. Baird reiterated an outperform rating and set a $160.00 price objective on shares of Adobe Systems in a research report on Thursday, September 21st. Eight analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $187.06.

Shares of Adobe Systems (ADBE) opened at $185.34 on Wednesday. The firm has a market capitalization of $90,317.02, a P/E ratio of 51.76, a price-to-earnings-growth ratio of 2.35 and a beta of 1.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 2.05. Adobe Systems has a 52-week low of $105.25 and a 52-week high of $186.27.

Adobe Systems (NASDAQ:ADBE) last released its earnings results on Thursday, December 14th. The software company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.10. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.95 billion. Adobe Systems had a return on equity of 22.57% and a net margin of 23.20%. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.90 earnings per share. equities analysts predict that Adobe Systems will post 4.58 EPS for the current fiscal year.

In related news, Director Robert K. Burgess sold 25,000 shares of the stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $175.39, for a total value of $4,384,750.00. Following the completion of the sale, the director now owns 12,375 shares in the company, valued at $2,170,451.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Amy Banse bought 1,125 shares of Adobe Systems stock in a transaction that occurred on Monday, December 18th. The stock was bought at an average price of $177.35 per share, with a total value of $199,518.75. Following the purchase, the director now owns 31,453 shares of the company’s stock, valued at approximately $5,578,189.55. The disclosure for this purchase can be found here. In the last quarter, insiders sold 69,449 shares of company stock valued at $12,126,521. 0.38% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in ADBE. Janus Henderson Group PLC increased its holdings in shares of Adobe Systems by 784.4% during the second quarter. Janus Henderson Group PLC now owns 11,226,707 shares of the software company’s stock worth $1,587,936,000 after buying an additional 9,957,241 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Adobe Systems by 8.2% during the second quarter. BlackRock Inc. now owns 34,445,217 shares of the software company’s stock worth $4,871,931,000 after buying an additional 2,621,275 shares in the last quarter. FMR LLC increased its holdings in shares of Adobe Systems by 4.9% during the second quarter. FMR LLC now owns 35,647,268 shares of the software company’s stock worth $5,041,950,000 after buying an additional 1,651,762 shares in the last quarter. Polen Capital Management LLC increased its holdings in shares of Adobe Systems by 31.5% during the second quarter. Polen Capital Management LLC now owns 6,062,530 shares of the software company’s stock worth $857,484,000 after buying an additional 1,452,892 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Adobe Systems by 45.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,833,692 shares of the software company’s stock worth $542,237,000 after buying an additional 1,190,108 shares in the last quarter. Hedge funds and other institutional investors own 87.08% of the company’s stock.

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About Adobe Systems

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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