Adobe Methods Integrated (NASDAQ:ADBE) Score Lowered to Maintain at Deutsche Financial institution AG

Adobe Systems Incorporated logoDeutsche Financial institution AG lowered shares of Adobe Methods Integrated (NASDAQ:ADBE) from a purchase score to a maintain score in a report revealed on Monday, October 16th, MarketBeat experiences. They at the moment have $160.00 goal value on the software program firm’s inventory, up from their prior goal value of $153.93.

Numerous different badysts additionally lately issued experiences on ADBE. Credit score Suisse Group reaffirmed an outperform score and set a $150.00 value goal on shares of Adobe Methods in a report on Tuesday, June 20th. Vetr downgraded Adobe Methods from a strong-buy score to a purchase score and set a $157.24 value goal for the corporate. in a report on Tuesday, June 20th. Pivotal Analysis reaffirmed a promote score and set a $114.00 value goal (up from $112.00) on shares of Adobe Methods in a report on Wednesday, June 21st. BMO Capital Markets lifted their value goal on Adobe Methods from $160.00 to $165.00 and gave the inventory an outperform score in a report on Wednesday, June 21st. Lastly, J P Morgan Chase & Co lifted their value goal on Adobe Methods from $145.00 to $170.00 and gave the inventory an chubby score in a report on Wednesday, June 21st. One equities badysis badyst has rated the inventory with a promote score, six have badigned a maintain score, twenty-six have badigned a purchase score and one has badigned a powerful purchase score to the corporate’s inventory. The inventory at the moment has a median score of Purchase and a median goal value of $169.75.

Adobe Methods (NASDAQ ADBE) opened at 177.33 on Monday. Adobe Methods has a 12 month low of $98.00 and a 12 month excessive of $177.58. The corporate’s 50-day transferring common value is $155.70 and its 200 day transferring common value is $145.90. The agency has a market capitalization of $87.41 billion, a price-to-earnings ratio of 55.75 and a beta of zero.98.

Adobe Methods (NASDAQ:ADBE) final introduced its quarterly earnings outcomes on Tuesday, September 19th. The software program firm reported $1.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $zero.09. The corporate had income of $1.84 billion in the course of the quarter, in comparison with the consensus estimate of $1.82 billion. Adobe Methods had a return on fairness of 21.40% and a web margin of 23.06%. Adobe Methods’s income for the quarter was up 25.eight% on a year-over-year foundation. Throughout the identical interval within the earlier yr, the enterprise earned $zero.75 EPS. Analysts predict that Adobe Methods will put up $four.22 EPS for the present yr.

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In different information, Director John E. Warnock bought 6,800 shares of the corporate’s inventory in a transaction on Friday, October 20th. The inventory was bought at a median value of $174.20, for a complete transaction of $1,184,560.00. Following the completion of the sale, the director now immediately owns 16,088 shares within the firm, valued at roughly $2,802,529.60. The transaction was disclosed in a authorized submitting with the SEC, which is obtainable at this hyperlink. Additionally, CMO Ann Lewnes bought 1,953 shares of the corporate’s inventory in a transaction on Wednesday, August ninth. The inventory was bought at a median value of $146.68, for a complete worth of $286,466.04. The disclosure for this sale might be discovered right here. Insiders bought a complete of 14,849 shares of firm inventory valued at $2,452,281 over the past quarter. zero.38% of the inventory is at the moment owned by insiders.

A number of hedge funds have lately added to or diminished their stakes within the firm. 1ST Supply Financial institution elevated its holdings in shares of Adobe Methods by zero.three% in the course of the 2nd quarter. 1ST Supply Financial institution now owns 1,847 shares of the software program firm’s inventory price $261,00zero after shopping for a further 6 shares over the past quarter. Guardian Life Insurance coverage Co. of America elevated its holdings in shares of Adobe Methods by zero.7% in the course of the 1st quarter. Guardian Life Insurance coverage Co. of America now owns 1,918 shares of the software program firm’s inventory price $250,00zero after shopping for a further 13 shares over the past quarter. Perigon Wealth Administration LLC elevated its holdings in shares of Adobe Methods by zero.four% in the course of the 1st quarter. Perigon Wealth Administration LLC now owns 2,972 shares of the software program firm’s inventory price $387,00zero after shopping for a further 13 shares over the past quarter. Belief Co. of Vermont elevated its holdings in shares of Adobe Methods by zero.6% in the course of the 2nd quarter. Belief Co. of Vermont now owns 2,628 shares of the software program firm’s inventory price $372,00zero after shopping for a further 16 shares over the past quarter. Lastly, Financial institution of Stockton elevated its holdings in shares of Adobe Methods by zero.four% in the course of the 2nd quarter. Financial institution of Stockton now owns 5,255 shares of the software program firm’s inventory price $743,00zero after shopping for a further 20 shares over the past quarter. Institutional traders and hedge funds personal 87.52% of the corporate’s inventory.

Adobe Methods Firm Profile

Adobe Methods Integrated is a software program firm. The Firm gives services and products utilized by professionals, entrepreneurs, data employees, utility builders, enterprises and shoppers for creating, managing, delivering, measuring, optimizing and fascinating with compelling content material and experiences.

Analyst Recommendations for Adobe Systems (NASDAQ:ADBE)

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