Adobe Systems (NASDAQ:ADBE)‘s stock had its “buy” rating restated by equities researchers at Cowen in a report issued on Monday. They presently have a $200.00 price objective on the software company’s stock. Cowen’s price objective would suggest a potential upside of 14.74% from the company’s current price.

A number of other research firms have also issued reports on ADBE. KeyCorp reaffirmed an “overweight” rating and issued a $216.00 target price (up previously from $178.00) on shares of Adobe Systems in a report on Wednesday, November 22nd. UBS began coverage on Adobe Systems in a report on Thursday, November 9th. They issued a “buy” rating and a $217.00 target price on the stock. Zacks Investment Research lowered Adobe Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 21st. Stifel Nicolaus raised their target price on Adobe Systems from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, November 10th. Finally, Vetr raised Adobe Systems from a “hold” rating to a “buy” rating and set a $190.64 target price on the stock in a report on Monday, November 13th. Six equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. Adobe Systems has a consensus rating of “Buy” and an average price target of $177.56.

Adobe Systems (NASDAQ ADBE) traded up $0.74 on Monday, reaching $174.31. The company’s stock had a trading volume of 2,776,700 shares, compared to its average volume of 2,436,737. The firm has a market cap of $85,560.12, a price-to-earnings ratio of 52.28, a P/E/G ratio of 2.19 and a beta of 1.05. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 2.05. Adobe Systems has a 12-month low of $101.91 and a 12-month high of $186.27.

Adobe Systems (NASDAQ:ADBE) last released its earnings results on Tuesday, September 19th. The software company reported $1.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.09. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.82 billion. Adobe Systems had a return on equity of 21.40% and a net margin of 23.06%. The company’s revenue was up 25.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 EPS. equities research analysts expect that Adobe Systems will post 3.46 EPS for the current year.

In related news, EVP Ann Lewnes sold 1,953 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $181.19, for a total transaction of $353,864.07. Following the completion of the transaction, the executive vice president now owns 52,450 shares in the company, valued at approximately $9,503,415.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John E. Warnock sold 6,800 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $174.20, for a total value of $1,184,560.00. Following the transaction, the director now owns 16,088 shares of the company’s stock, valued at approximately $2,802,529.60. The disclosure for this sale can be found here. Insiders have sold a total of 14,849 shares of company stock valued at $2,519,679 in the last 90 days. 0.38% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in ADBE. Creative Planning increased its holdings in Adobe Systems by 10.6% during the 2nd quarter. Creative Planning now owns 24,159 shares of the software company’s stock valued at $3,417,000 after purchasing an additional 2,318 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in Adobe Systems by 19.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 1,752 shares of the software company’s stock valued at $247,000 after purchasing an additional 280 shares in the last quarter. National Pension Service increased its holdings in Adobe Systems by 10.0% during the 2nd quarter. National Pension Service now owns 404,930 shares of the software company’s stock valued at $57,192,000 after purchasing an additional 36,888 shares in the last quarter. Forte Capital LLC ADV increased its holdings in Adobe Systems by 1.2% during the 2nd quarter. Forte Capital LLC ADV now owns 36,689 shares of the software company’s stock valued at $5,189,000 after purchasing an additional 450 shares in the last quarter. Finally, Chesley Taft & Associates LLC increased its holdings in Adobe Systems by 2.8% during the 2nd quarter. Chesley Taft & Associates LLC now owns 29,049 shares of the software company’s stock valued at $4,109,000 after purchasing an additional 780 shares in the last quarter. 87.45% of the stock is owned by hedge funds and other institutional investors.

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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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