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Adobe Systems (NASDAQ:ADBE) was the target of some unusual options trading on Wednesday. Investors acquired 3,696 put options on the stock, Analyst RN reports. This is an increase of approximately 143% compared to the average daily volume of 1,523 put options.

A number of research firms have recently commented on ADBE. Analysts at Argus raised their price target on shares of Adobe Systems from $71.00 to $81.00 in a research note on Friday, March 21st. They now have a “buy” rating on the stock. Separately, analysts at Pacific Crest reiterated an “outperform” rating on shares of Adobe Systems in a research note on Wednesday, March 19th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Adobe Systems in a research note on Wednesday, March 19th. They now have a $72.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the stock. Adobe Systems has an average rating of “Buy” and an average target price of $68.21.

Shares of Adobe Systems (NASDAQ:ADBE) traded up 0.12% during mid-day trading on Wednesday, hitting $64.17. 2,675,597 shares of the company’s stock traded hands. Adobe Systems has a 52 week low of $42.39 and a 52 week high of $71.11. The stock has a 50-day moving average of $62.3 and a 200-day moving average of $62.03. The company has a market cap of $31.939 billion and a price-to-earnings ratio of 123.25.

Adobe Systems (NASDAQ:ADBE) last released its earnings data on Tuesday, March 18th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.05. The company had revenue of $1,000.00 million for the quarter, compared to the consensus estimate of $973.09 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. On average, analysts predict that Adobe Systems will post $1.17 earnings per share for the current fiscal year.

Adobe Systems Incorporated (NASDAQ:ADBE) is a diversified software company.

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