Adobe Systems (NASDAQ:ADBE) was downgraded by research analysts at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a report released on Tuesday. They currently have a $185.00 price objective on the software company’s stock. J P Morgan Chase & Co’s price objective points to a potential upside of 4.62% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. BidaskClub raised Adobe Systems from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 16th. Vetr raised Adobe Systems from a “sell” rating to a “hold” rating and set a $146.89 price objective on the stock in a research note on Wednesday, September 20th. Barclays reissued a “buy” rating and set a $167.00 price objective on shares of Adobe Systems in a research note on Friday, September 15th. Piper Jaffray Companies reissued a “buy” rating and set a $180.00 price objective on shares of Adobe Systems in a research note on Tuesday, September 12th. Finally, Wells Fargo & Company reissued a “hold” rating and set a $145.00 price objective (up from $127.50) on shares of Adobe Systems in a research note on Wednesday, September 20th. Six investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. Adobe Systems has an average rating of “Buy” and a consensus target price of $179.26.

Shares of Adobe Systems (ADBE) opened at $176.83 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.05 and a current ratio of 2.05. Adobe Systems has a 52 week low of $101.91 and a 52 week high of $186.27. The firm has a market capitalization of $85,052.38, a P/E ratio of 51.97, a price-to-earnings-growth ratio of 2.18 and a beta of 1.05.

Adobe Systems (NASDAQ:ADBE) last issued its quarterly earnings data on Tuesday, September 19th. The software company reported $1.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.09. Adobe Systems had a return on equity of 21.40% and a net margin of 23.06%. The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the previous year, the firm posted $0.75 earnings per share. The firm’s revenue for the quarter was up 25.8% on a year-over-year basis. equities analysts predict that Adobe Systems will post 3.46 EPS for the current fiscal year.

In related news, EVP Matthew Thompson sold 2,190 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $173.42, for a total value of $379,789.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ann Lewnes sold 1,953 shares of the business’s stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $152.09, for a total transaction of $297,031.77. The disclosure for this sale can be found here. Insiders sold 12,896 shares of company stock valued at $2,215,246 in the last quarter. 0.38% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the stock. FMR LLC raised its stake in Adobe Systems by 4.9% in 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. BlackRock Inc. raised its stake in Adobe Systems by 8.2% in 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. Vanguard Group Inc. raised its stake in Adobe Systems by 2.9% in the second quarter. Vanguard Group Inc. now owns 33,998,738 shares of the software company’s stock worth $4,808,783,000 after buying an additional 943,487 shares in the last quarter. Janus Henderson Group PLC raised its stake in Adobe Systems by 784.4% in 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. Finally, Polen Capital Management LLC raised its stake in Adobe Systems by 3.7% in the third quarter. Polen Capital Management LLC now owns 6,288,816 shares of the software company’s stock worth $938,166,000 after buying an additional 226,286 shares in the last quarter. 87.45% of the stock is owned by institutional investors.

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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.

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