Farmers & Retailers Investments Inc. reduce its stake in shares of Adobe Inc. (NASDAQ:ADBE – Free Report) by 41.4% within the 2nd quarter, in accordance with the corporate in its most up-to-date 13F submitting with the Securities & Alternate Fee. The institutional investor owned 364 shares of the software program firm’s inventory after promoting 257 shares in the course of the quarter. Farmers & Retailers Investments Inc.’s holdings in Adobe have been price $202,000 on the finish of the newest reporting interval.
Quite a lot of different institutional traders and hedge funds additionally not too long ago modified their holdings of the inventory. Worldwide Property Funding Administration LLC bought a brand new place in shares of Adobe within the fourth quarter price roughly $1,468,000. Concentrum Wealth Administration grew its place in Adobe by 11.3% in the course of the 4th quarter. Concentrum Wealth Administration now owns 2,405,622 shares of the software program firm’s inventory price $1,435,194,000 after buying a further 244,008 shares within the final quarter. Aveo Capital Companions LLC raised its stake in Adobe by 5.9% in the course of the 4th quarter. Aveo Capital Companions LLC now owns 932 shares of the software program firm’s inventory valued at $556,000 after buying a further 52 shares in the course of the interval. Gryphon Monetary Companions LLC lifted its holdings in shares of Adobe by 22.7% within the fourth quarter. Gryphon Monetary Companions LLC now owns 3,561 shares of the software program firm’s inventory valued at $2,066,000 after buying a further 658 shares within the final quarter. Lastly, Heritage Buyers Administration Corp acquired a brand new stake in shares of Adobe within the fourth quarter price $208,000. 81.79% of the inventory is owned by institutional traders and hedge funds.
Insider Transactions at Adobe
In associated information, CAO Mark S. Garfield offered 97 shares of the corporate’s inventory in a transaction on Thursday, July twenty fifth. The shares have been offered at a median value of $537.00, for a complete transaction of $52,089.00. Following the completion of the transaction, the chief accounting officer now instantly owns 2,797 shares within the firm, valued at roughly $1,501,989. The transaction was disclosed in a submitting with the SEC, which is obtainable by means of the SEC web site. In different information, CAO Mark S. Garfield offered 264 shares of Adobe inventory in a transaction that occurred on Monday, June seventeenth. The inventory was offered at a median value of $525.51, for a complete transaction of $138,734.64. Following the sale, the chief accounting officer now owns 2,740 shares of the corporate’s inventory, valued at roughly $1,439,897.40. The sale was disclosed in a authorized submitting with the Securities & Alternate Fee, which is obtainable by means of the SEC web site. Additionally, CAO Mark S. Garfield offered 97 shares of the corporate’s inventory in a transaction on Thursday, July twenty fifth. The shares have been offered at a median value of $537.00, for a complete worth of $52,089.00. Following the completion of the transaction, the chief accounting officer now owns 2,797 shares of the corporate’s inventory, valued at $1,501,989. The disclosure for this sale will be discovered right here. During the last quarter, insiders have offered 27,523 shares of firm inventory price $14,994,277. Insiders personal 0.15% of the corporate’s inventory.
Analyst Scores Adjustments
A number of equities analysis analysts not too long ago issued studies on the corporate. Citigroup diminished their value goal on Adobe from $554.00 to $529.00 and set a “impartial” score for the corporate in a analysis notice on Monday, June tenth. Robert W. Baird elevated their value goal on shares of Adobe from $525.00 to $545.00 and gave the inventory a “impartial” score in a analysis report on Friday, June 14th. StockNews.com downgraded shares of Adobe from a “purchase” score to a “maintain” score in a analysis report on Friday, August twenty third. Evercore ISI reiterated an “outperform” score and issued a $650.00 value goal on shares of Adobe in a analysis notice on Friday, June seventh. Lastly, BMO Capital Markets lifted their goal value on shares of Adobe from $525.00 to $580.00 and gave the corporate an “outperform” score in a analysis notice on Friday, June 14th. Two funding analysts have rated the inventory with a promote score, eight have given a maintain score and twenty have issued a purchase score to the corporate’s inventory. Based mostly on knowledge from MarketBeat.com, the inventory has a consensus score of “Reasonable Purchase” and a median value goal of $605.52.
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Adobe Inventory Down 0.8 %
Adobe inventory opened at $563.41 on Friday. The agency has a market cap of $249.82 billion, a price-to-earnings ratio of fifty.62, a P/E/G ratio of three.00 and a beta of 1.30. The agency has a fifty day shifting common value of $553.72 and a two-hundred day shifting common value of $519.38. Adobe Inc. has a fifty-two week low of $433.97 and a fifty-two week excessive of $638.25. The corporate has a debt-to-equity ratio of 0.28, a present ratio of 1.16 and a fast ratio of 1.16.
Adobe (NASDAQ:ADBE – Get Free Report) final introduced its earnings outcomes on Thursday, June thirteenth. The software program firm reported $4.48 earnings per share for the quarter, beating the consensus estimate of $4.39 by $0.09. The agency had income of $5.31 billion in the course of the quarter, in comparison with the consensus estimate of $5.29 billion. Adobe had a return on fairness of 40.67% and a internet margin of 24.86%. The agency’s income for the quarter was up 10.2% in comparison with the identical quarter final yr. Throughout the identical quarter within the prior yr, the corporate earned $3.04 EPS. As a bunch, analysts forecast that Adobe Inc. will submit 14.69 earnings per share for the present yr.
Adobe Firm Profile
Adobe Inc, along with its subsidiaries, operates as a diversified software program firm worldwide. It operates by means of three segments: Digital Media, Digital Expertise, and Publishing and Promoting. The Digital Media phase presents merchandise, companies, and options that allow people, groups, and enterprises to create, publish, and promote content material; and Doc Cloud, a unified cloud-based doc companies platform.
Additional Studying
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