Adobe Systems Inc. (NASDAQ:ADBE) had its price target boosted by analysts at Royal Bank Of Canada from $115.00 to $116.00 in a research report issued on Wednesday. The firm presently has an “outperform” rating on the software company’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 7.49% from the company’s current price.

ADBE has been the topic of several other research reports. Vetr upgraded shares of Adobe Systems from a “sell” rating to a “hold” rating and set a $99.10 price objective on the stock in a research report on Thursday, September 8th. Robert W. Baird upgraded shares of Adobe Systems from a “neutral” rating to an “outperform” rating and set a $85.00 price objective on the stock in a research report on Thursday, August 25th. Cowen and Company raised their price objective on shares of Adobe Systems to $115.00 and gave the company an “outperform” rating in a research report on Friday, September 16th. Zacks Investment Research cut shares of Adobe Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, May 24th. Finally, Credit Suisse Group AG raised their price objective on shares of Adobe Systems from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, June 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. Adobe Systems currently has an average rating of “Buy” and a consensus target price of $110.17.

Shares of Adobe Systems (NASDAQ:ADBE) opened at 107.92 on Wednesday. The company has a market cap of $53.78 billion, a PE ratio of 60.97 and a beta of 1.24. Adobe Systems has a 12 month low of $71.27 and a 12 month high of $108.50. The firm’s 50-day moving average is $101.10 and its 200-day moving average is $96.66.

Adobe Systems (NASDAQ:ADBE) last posted its quarterly earnings data on Tuesday, September 20th. The software company reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.03. The firm had revenue of $1.46 billion for the quarter. Adobe Systems had a net margin of 17.86% and a return on equity of 15.03%. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 EPS. On average, equities research analysts predict that Adobe Systems will post $2.96 earnings per share for the current year.

In other news, CAO Richard Rowley sold 271 shares of the stock in a transaction on Friday, July 1st. The shares were sold at an average price of $95.68, for a total value of $25,929.28. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Bradley Rencher sold 37,562 shares of the stock in a transaction on Friday, July 1st. The shares were sold at an average price of $95.46, for a total transaction of $3,585,668.52. The disclosure for this sale can be found here. 0.43% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in the stock. WFG Advisors LP increased its stake in shares of Adobe Systems by 27.3% in the second quarter. WFG Advisors LP now owns 1,147 shares of the software company’s stock valued at $110,000 after buying an additional 246 shares in the last quarter. Advisory Services Network LLC increased its stake in shares of Adobe Systems by 13.5% in the second quarter. Advisory Services Network LLC now owns 1,237 shares of the software company’s stock valued at $118,000 after buying an additional 147 shares in the last quarter. Integrated Investment Consultants LLC increased its stake in shares of Adobe Systems by 231.4% in the second quarter. Integrated Investment Consultants LLC now owns 1,339 shares of the software company’s stock valued at $128,000 after buying an additional 935 shares in the last quarter. NEXT Financial Group Inc increased its stake in shares of Adobe Systems by 57.0% in the second quarter. NEXT Financial Group Inc now owns 1,440 shares of the software company’s stock valued at $137,000 after buying an additional 523 shares in the last quarter. Finally, Cypress Capital Management LLC WY purchased a new stake in shares of Adobe Systems during the second quarter valued at $142,000. 87.53% of the stock is currently owned by institutional investors and hedge funds.

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.

5 Day Chart for NASDAQ:ADBE

Receive News & Ratings for Adobe Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adobe Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.