Adobe Systems Incorporated (NASDAQ:ADBE) has been assigned an average rating of “Buy” from the thirty-four analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $154.68.

Several equities analysts have weighed in on the stock. Credit Suisse Group cut shares of Adobe Systems to a “hold” rating and set a $160.00 price objective on the stock. in a research report on Sunday. Barclays PLC reiterated a “buy” rating and set a $167.00 price objective on shares of Adobe Systems in a research report on Friday. Zacks Investment Research cut shares of Adobe Systems from a “hold” rating to a “sell” rating in a research report on Thursday. Piper Jaffray Companies reiterated a “buy” rating and set a $180.00 price objective on shares of Adobe Systems in a research report on Tuesday, September 12th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $175.00 price objective on shares of Adobe Systems in a research report on Tuesday, September 12th.

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In other news, EVP Donna Morris sold 5,000 shares of the company’s stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $145.00, for a total transaction of $725,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ann Lewnes sold 1,953 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $155.88, for a total transaction of $304,433.64. Following the transaction, the executive vice president now directly owns 56,356 shares of the company’s stock, valued at approximately $8,784,773.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 101,959 shares of company stock valued at $14,870,874. Company insiders own 0.38% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Clean Yield Group acquired a new position in shares of Adobe Systems during the first quarter valued at about $100,000. Capital Advisors Ltd. LLC acquired a new position in shares of Adobe Systems during the second quarter valued at about $100,000. CWM LLC raised its position in shares of Adobe Systems by 11.8% during the second quarter. CWM LLC now owns 748 shares of the software company’s stock valued at $106,000 after buying an additional 79 shares during the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in shares of Adobe Systems during the first quarter valued at about $113,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of Adobe Systems by 86.2% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,080 shares of the software company’s stock valued at $141,000 after buying an additional 500 shares during the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Adobe Systems (ADBE) traded down 0.30% during midday trading on Tuesday, hitting $154.49. The stock had a trading volume of 3,012,822 shares. The firm has a 50 day moving average price of $151.06 and a 200 day moving average price of $139.34. The stock has a market cap of $76.23 billion, a PE ratio of 53.81 and a beta of 1.00. Adobe Systems has a one year low of $98.00 and a one year high of $157.89.

Adobe Systems (NASDAQ:ADBE) last posted its quarterly earnings data on Tuesday, June 20th. The software company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.07. Adobe Systems had a net margin of 22.11% and a return on equity of 20.06%. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the previous year, the company posted $0.71 EPS. The company’s quarterly revenue was up 26.7% compared to the same quarter last year. Equities analysts expect that Adobe Systems will post $4.06 EPS for the current year.

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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