Brokerage firm Morgan Stanley Maintains its rating on Adobe Systems Incorporated(NASDAQ:ADBE). In a research note issued to the investors, the brokerage major Raises the price-target to $110.00 per share. The shares have been rated Equal-weight. The rating by Morgan Stanley was issued on Sep 21, 2016.
In a different note, Stephens & Co. said it Initiates Coverage on Adobe Systems Incorporated, according to a research note issued on Aug 10, 2016. The shares have been rated ‘Overweight’ by the firm. Piper Jaffray said it Initiates Coverage on Adobe Systems Incorporated, according to a research note issued on Jul 26, 2016. The shares have been rated ‘Overweight’ by the firm. Cowen & Company said it Initiates Coverage on Adobe Systems Incorporated, according to a research note issued on Jun 24, 2016. The shares have been rated ‘Outperform’ by the firm.
Adobe Systems Incorporated (ADBE) made into the market gainers list on Tuesdays trading session with the shares advancing 0.94% or 0.94 points. Due to strong positive momentum, the stock ended at $100.62, which is also near the day’s high of $100.905. The stock began the session at $100.16 and the volume stood at 41,04,871 shares. The 52-week high of the shares is $104.16 and the 52 week low is $71.27. The company has a current market capitalization of $50,138 M and it has 49,82,90,890 shares in outstanding.
Adobe Systems Incorporated(ADBE) last announced its earnings results on Jun 21, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.40B. Analysts had an estimated revenue of $1.40B. Earnings per share were $0.71. Analysts had estimated an EPS of $0.68.
Several Insider Transactions has been reported to the SEC. On Sep 6, 2016, Mark Garrett (EVP, CFO & Asst. Secretary) sold 26,899 shares at $103.47 per share price.Also, On Aug 29, 2016, Michael A Dillon (EVP, Gen. Counsel & Secretary) sold 5,450 shares at $101.85 per share price.On Aug 29, 2016, Ann Lewnes (EVP, Chief Marketing Officer) sold 131 shares at $101.68 per share price, according to the Form-4 filing with the securities and exchange commission.
Adobe Systems Incorporated (Adobe) is a software company. The Company offers products and services for professionals marketers application developers enterprises and consumers for creating managing delivering optimizing and engaging with content. Adobe markets and licenses its products and services through app stores and its Website www.adobe.com. The Company’s operates in three segments: Digital Marketing Digital Media and Print and Publishing. In Digital Media the Company is engaged in providing tools services and solutions that enable to create publish and promote their content. In Digital Marketing the Company is engaged in providing solutions and services for creating managing executing measuring and optimizing digital advertising and marketing campaigns. Adobe’s Print and Publishing segment addresses various market opportunities including eLearning solutions technical document publishing Web application development and high-end printing.