Credit Suisse Group restated their buy rating on shares of Adobe Systems (NASDAQ:ADBE) in a report released on Wednesday. They currently have a $190.00 price objective on the software company’s stock.

A number of other analysts have also recently weighed in on the stock. Cowen restated a buy rating and issued a $200.00 price objective on shares of Adobe Systems in a research note on Monday, December 11th. J P Morgan Chase & Co cut shares of Adobe Systems from an overweight rating to a neutral rating and set a $185.00 price objective for the company. in a research note on Tuesday. BidaskClub cut shares of Adobe Systems from a strong-buy rating to a buy rating in a research note on Wednesday, December 6th. Vetr upgraded shares of Adobe Systems from a buy rating to a strong-buy rating and set a $198.52 price objective for the company in a research note on Tuesday, December 5th. Finally, Zacks Investment Research upgraded shares of Adobe Systems from a hold rating to a buy rating and set a $203.00 price objective for the company in a research note on Monday, December 4th. Seven equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $183.35.

Shares of Adobe Systems (NASDAQ:ADBE) traded up $2.51 during trading on Wednesday, hitting $177.51. 8,845,867 shares of the stock were exchanged, compared to its average volume of 2,660,000. 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 twelve month low of $101.91 and a twelve month high of $186.27. The firm has a market capitalization of $88,760.00, a PE ratio of 49.44, a price-to-earnings-growth ratio of 2.21 and a beta of 1.05.

Adobe Systems (NASDAQ:ADBE) last issued its quarterly earnings data on Thursday, December 14th. The software company reported $1.26 earnings per share for the quarter, topping 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 business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the previous year, the company earned $0.90 earnings per share. Adobe Systems’s revenue for the quarter was up 24.8% on a year-over-year basis. equities research analysts anticipate that Adobe Systems will post 4.66 EPS for the current year.

In other Adobe Systems news, EVP Ann Lewnes sold 1,953 shares of the business’s 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 accessible through the SEC website. Also, Director John E. Warnock sold 6,800 shares of the business’s 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 completion of the sale, the director now directly owns 16,088 shares in the company, valued at approximately $2,802,529.60. The disclosure for this sale can be found here. Insiders sold a total of 14,849 shares of company stock worth $2,554,091 in the last three months. Insiders own 0.38% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. 1ST Source Bank grew its holdings in shares of Adobe Systems by 0.3% in the 2nd quarter. 1ST Source Bank now owns 1,847 shares of the software company’s stock worth $261,000 after purchasing an additional 6 shares during the last quarter. Bank of Stockton grew its holdings in shares of Adobe Systems by 0.4% in the 2nd quarter. Bank of Stockton now owns 5,255 shares of the software company’s stock worth $743,000 after purchasing an additional 20 shares during the last quarter. Bienville Capital Management LLC grew its holdings in shares of Adobe Systems by 1.6% in the 2nd quarter. Bienville Capital Management LLC now owns 2,032 shares of the software company’s stock worth $287,000 after purchasing an additional 32 shares during the last quarter. FTB Advisors Inc. grew its holdings in shares of Adobe Systems by 1.2% in the 2nd quarter. FTB Advisors Inc. now owns 2,728 shares of the software company’s stock worth $395,000 after purchasing an additional 33 shares during the last quarter. Finally, People s United Financial Inc. grew its holdings in shares of Adobe Systems by 0.3% in the 2nd quarter. People s United Financial Inc. now owns 13,776 shares of the software company’s stock worth $1,948,000 after purchasing an additional 40 shares during the last quarter. 87.45% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “Adobe Systems (ADBE) Earns “Buy” Rating from Credit Suisse Group” was originally posted by Daily Political and is owned by of Daily Political. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.dailypolitical.com/2017/12/16/adobe-systems-adbe-earns-buy-rating-from-credit-suisse-group.html.

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.

Analyst Recommendations for Adobe Systems (NASDAQ:ADBE)

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