Adobe Systems (NASDAQ:ADBE) had its price objective boosted by equities research analysts at BMO Capital Markets from $187.00 to $205.00 in a research note issued on Friday, MarketBeat.com reports. The firm presently has an “outperform” rating on the software company’s stock. BMO Capital Markets’ price objective points to a potential upside of 15.49% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the stock. Jefferies Group lifted their price target on shares of Adobe Systems to $205.00 and gave the company a “buy” rating in a research report on Friday. KeyCorp reiterated a “buy” rating on shares of Adobe Systems in a research report on Thursday. Bank of America reiterated a “buy” rating and set a $220.00 price target (up from $213.00) on shares of Adobe Systems in a research report on Wednesday, December 13th. Morgan Stanley reissued an “equal weight” rating and set a $186.00 price objective (up from $155.00) on shares of Adobe Systems in a research note on Wednesday, December 13th. Finally, Credit Suisse Group reissued a “buy” rating and set a $190.00 price objective on shares of Adobe Systems in a research note on Wednesday, December 13th. Seven investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $185.02.

Shares of Adobe Systems (NASDAQ:ADBE) traded up $2.51 during trading hours on Friday, reaching $177.51. 9,191,500 shares of the company were exchanged, compared to its average volume of 2,489,142. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.05 and a current ratio of 2.05. The firm has a market capitalization of $87,502.30, a P/E ratio of 50.14, a P/E/G ratio of 2.24 and a beta of 1.05. Adobe Systems has a 1 year low of $101.91 and a 1 year high of $186.27.

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

In other Adobe Systems news, EVP Ann Lewnes sold 1,953 shares of Adobe Systems stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $152.09, for a total value of $297,031.77. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John E. Warnock sold 6,800 shares of Adobe Systems stock in a transaction on Friday, October 20th. The shares were sold at an average price of $174.20, for a total transaction of $1,184,560.00. Following the transaction, the director now owns 16,088 shares in the company, valued at approximately $2,802,529.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,849 shares of company stock worth $2,554,091. 0.38% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC increased its position in shares of Adobe Systems by 10.5% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,451,549 shares of the software company’s stock worth $216,542,000 after purchasing an additional 138,133 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of Adobe Systems in the 3rd quarter worth about $216,000. GSA Capital Partners LLP bought a new stake in shares of Adobe Systems in the 3rd quarter worth about $2,890,000. Cypress Capital Group increased its position in shares of Adobe Systems by 26.6% in the 3rd quarter. Cypress Capital Group now owns 10,907 shares of the software company’s stock worth $1,627,000 after purchasing an additional 2,290 shares during the last quarter. Finally, Fieldpoint Private Securities LLC increased its position in shares of Adobe Systems by 24.0% in the 3rd quarter. Fieldpoint Private Securities LLC now owns 8,007 shares of the software company’s stock worth $1,194,000 after purchasing an additional 1,552 shares during the last quarter. Institutional investors and hedge funds own 87.45% 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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