Zendesk (ZEN) Stock Rating Reconfirmed by Piper Jaffray; The $65.0000 Target Indicates 33.80% Potential; Srs Investment Management Has Trimmed Its Adobe Sys (ADBE) Holding

Adobe Systems Incorporated (NASDAQ:ADBE) Logo

Piper Jaffray currently has a $65.0000 price target on the $5.07B market cap company or 33.80% upside potential. In analysts report shared with investors on Wednesday, 2 May, Zendesk (NYSE:ZEN) stock had its “Buy” Rating maintained by expert analysts at Piper Jaffray.

Srs Investment Management Llc decreased Adobe Sys Inc (ADBE) stake by 42.73% reported in 2017Q4 SEC filing. Srs Investment Management Llc sold 93,175 shares as Adobe Sys Inc (ADBE)’s stock rose 22.17%. The Srs Investment Management Llc holds 124,881 shares with $21.88M value, down from 218,056 last quarter. Adobe Sys Inc now has $110.35 billion valuation. The stock increased 1.12% or $2.48 during the last trading session, reaching $224.08. About 1.61 million shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 66.71% since May 2, 2017 and is uptrending. It has outperformed by 55.16% the S&P500.

Among 21 analysts covering Zendesk (NYSE:ZEN), 18 have Buy rating, 0 Sell and 3 Hold. Therefore 86% are positive. Zendesk has $53 highest and $25.0 lowest target. $38.35’s average target is -21.06% below currents $48.58 stock price. Zendesk had 58 analyst reports since August 5, 2015 according to SRatingsIntel. Summit Redstone Partners reinitiated the shares of ZEN in report on Monday, July 18 with “Buy” rating. Zacks downgraded Zendesk, Inc. (NYSE:ZEN) on Wednesday, August 5 to “Buy” rating. The firm earned “Buy” rating on Sunday, September 3 by RBC Capital Markets. The firm has “Buy” rating by Piper Jaffray given on Friday, August 4. The firm earned “Buy” rating on Thursday, August 6 by Canaccord Genuity. Rosenblatt initiated it with “Buy” rating and $26.0 target in Thursday, August 27 report. The stock has “Buy” rating by Craig Hallum on Tuesday, September 22. The rating was maintained by Piper Jaffray with “Buy” on Wednesday, February 7. The firm has “Buy” rating by Canaccord Genuity given on Thursday, November 2. On Friday, December 11 the stock rating was initiated by Goldman Sachs with “Buy”.

The stock decreased 0.35% or $0.17 during the last trading session, reaching $48.58. About 2.34 million shares traded or 80.04% up from the average. Zendesk, Inc. (NYSE:ZEN) has risen 74.58% since May 2, 2017 and is uptrending. It has outperformed by 63.03% the S&P500.

Zendesk, Inc., a software development company, provides software-as-a-service products for organizations. The company has market cap of $5.07 billion. The Company’s flagship product is Zendesk Support, a system for tracking, prioritizing, and solving customer support tickets across various channels. It currently has negative earnings. The firm also offers Zendesk Chat, a live chat software to connect with clients on Websites, in applications, and on mobile devices; Zendesk Talk, a cloud call center software; Zendesk Help Center, a self-service destination with articles, interactive forums, and community; Zendesk Message, a customer messaging software; Zendesk Explore that makes customer data accessible across an organization; and Zendesk Connect, a customer intelligence software.

Since December 13, 2017, it had 1 insider purchase, and 16 insider sales for $87.08 million activity. Shares for $338,846 were sold by Lewnes Ann on Wednesday, December 13. The insider THOMPSON MATTHEW sold 50,775 shares worth $10.16M. Banse Amy bought $199,520 worth of stock or 1,125 shares. LAMKIN BRYAN sold 30,000 shares worth $5.97M. On Monday, March 19 WARNOCK JOHN E sold $1.12 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) or 5,000 shares. $5.81 million worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by Morris Donna on Wednesday, January 24. On Wednesday, January 31 DILLON MICHAEL A sold $1.26M worth of Adobe Systems Incorporated (NASDAQ:ADBE) or 6,376 shares.

Investors sentiment decreased to 0.89 in Q4 2017. Its down 0.22, from 1.11 in 2017Q3. It is negative, as 47 investors sold ADBE shares while 389 reduced holdings. 107 funds opened positions while 280 raised stakes. 410.42 million shares or 1.09% less from 414.95 million shares in 2017Q3 were reported. Dixon Hubard Feinour & Brown Inc Va holds 1.54% or 32,477 shares in its portfolio. Wedgewood Pa stated it has 0.17% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). West Oak Capital Limited Liability Corp stated it has 250 shares. Daiwa Secs Group Inc stated it has 16,728 shares or 0.02% of all its holdings. Sei Investments owns 831,603 shares. Holt Cap Advsr Ltd Liability Dba Holt Cap Ptnrs Ltd Partnership has 1,275 shares. Chase Investment Counsel Corporation reported 34,087 shares. Bluestein R H stated it has 0.01% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Hancock Hldgs Communication invested 0.02% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Middleton & Incorporated Ma, a Massachusetts-based fund reported 32,317 shares. Cape Cod Five Cents Natl Bank owns 32,893 shares. Rathbone Brothers Public has 231,590 shares for 1.65% of their portfolio. 53,452 were reported by Ashfield Cap Ptnrs. Bp Public Limited Liability Corporation stated it has 0.36% in Adobe Systems Incorporated (NASDAQ:ADBE). Aqr Cap Management reported 855,447 shares.

Among 39 analysts covering Adobe Systems (NASDAQ:ADBE), 28 have Buy rating, 0 Sell and 11 Hold. Therefore 72% are positive. Adobe Systems had 157 analyst reports since August 11, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, August 30 by Cowen & Co. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has “Buy” rating given on Thursday, October 19 by Stifel Nicolaus. The firm has “Buy” rating given on Monday, March 12 by Credit Suisse. The firm earned “Buy” rating on Friday, December 11 by Pivotal Research. Credit Suisse maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Thursday, October 19 with “Buy” rating. The rating was maintained by Robert W. Baird with “Buy” on Thursday, March 15. As per Wednesday, October 14, the company rating was upgraded by Atlantic Securities. Goldman Sachs maintained the shares of ADBE in report on Wednesday, March 9 with “Neutral” rating. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Buy” rating by Argus Research on Wednesday, October 25. The rating was maintained by Deutsche Bank with “Buy” on Wednesday, October 7.

Adobe Systems Incorporated (NASDAQ:ADBE) Ratings Chart