Adobe Systems Target of Unusually Large Options Trading (ADBE)
Shares of Adobe Systems (NASDAQ:ADBE) were the recipient of unusually large options trading on Monday. Stock investors bought 10,941 call options on the stock, StockRatingsNetwork.com reports. This represents an increase of 497% compared to the typical volume of 1,834 call options.
ADBE has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Adobe Systems in a research note on Tuesday, June 10th. They now have a $70.00 price target on the stock. Separately, 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. Finally, analysts at Pacific Crest reiterated an “outperform” rating on shares of Adobe Systems in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the company. Adobe Systems has an average rating of “Buy” and a consensus price target of $68.11.
Shares of Adobe Systems (NASDAQ:ADBE) traded up 1.20% during mid-day trading on Monday, hitting $67.62. 4,348,337 shares of the company’s stock traded hands. Adobe Systems has a 1-year low of $42.70 and a 1-year high of $71.11. The stock’s 50-day moving average is $63.00 and its 200-day moving average is $62.49. The company has a market cap of $33.657 billion and a price-to-earnings ratio of 128.50.
Adobe Systems Incorporated (NASDAQ:ADBE) is a diversified software company.
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