[at Investor’s Business Daily] – Adobe Systems (ADBE), Hewlett Packard Enterprise (HPE) and Symantec (SYMC) are among smaller sharks that could get involved in the ongoing acquisition spree of software companies, says Pacific Crest Securities. … Read more on this. Adobe Systems Incorporated (ADBE) , with a current value of $49.68B, started trading this morning at $99.16. Looking at the stock, its one day range is $98.50 to $99.49 and has traded between $71.27 and $100.56 over the past year. ADBE shares are currently priced at 35.27x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 1.90x forward p/e ratio. In a review of the consensus earnings estimate this quarter, 22 sell-side analysts are looking at $0.68 per share, which would be $0.20 better than the year-ago quarter and a $0.03 sequential increase. Investors should also note that the full-year EPS estimate of $2.84 is a $0.76 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.40 Billion. If reported, that would be a 20.69% increase over the year-ago quarter. In terms of ratings, Canaccord Genuity Initiated ADBE at Buy (Mar 31, 2016). Previously, Dougherty & Company Initiated ADBE at to Buy. When considering if perhaps the stock is under or overvalued, the average price target is $110.38, which is 11.32% above where the stock opened this morning. See more in (NASDAQ:ADBE) Similar Articles: Stock Update: Adobe Systems Inc (NASDAQ:ADBE) – Adobe Named a Leader in Enterprise Marketing Software Suites by Independent Research Firm Stock Update: Adobe Systems Inc (NASDAQ:ADBE) – How Will Adobe Systems (ADBE) Stock React to New CIO Announcement? Stock Update (NASDAQ:ADBE): Adobe Systems (ADBE) Stock Initiated With ‘Buy’ Rating at Canaccord