Apella Capital LLC grew its place in shares of Adobe Inc. (NASDAQ:ADBE – Free Report) by 6.2% within the third quarter, in response to the corporate in its most up-to-date 13F submitting with the SEC. The fund owned 631 shares of the software program firm’s inventory after shopping for a further 37 shares through the quarter. Apella Capital LLC’s holdings in Adobe have been price $319,000 as of its most up-to-date submitting with the SEC.
A number of different hedge funds additionally just lately made adjustments to their positions within the firm. J. W. Coons Advisors LLC raised its stake in shares of Adobe by 2.6% through the 4th quarter. J. W. Coons Advisors LLC now owns 1,843 shares of the software program firm’s inventory price $1,100,000 after shopping for a further 46 shares within the final quarter. Azimuth Capital Funding Administration LLC raised its place in Adobe by 6.0% within the fourth quarter. Azimuth Capital Funding Administration LLC now owns 1,995 shares of the software program firm’s inventory price $1,190,000 after buying a further 113 shares within the final quarter. Waterloo Capital L.P. lifted its holdings in Adobe by 19.3% within the fourth quarter. Waterloo Capital L.P. now owns 3,348 shares of the software program firm’s inventory valued at $1,997,000 after buying a further 542 shares through the interval. Watchman Group Inc. bought a brand new stake in shares of Adobe through the 4th quarter price $295,000. Lastly, Westwood Holdings Group Inc. grew its stake in shares of Adobe by 18.4% through the 4th quarter. Westwood Holdings Group Inc. now owns 3,372 shares of the software program firm’s inventory price $2,012,000 after buying a further 525 shares through the interval. Institutional buyers and hedge funds personal 81.79% of the corporate’s inventory.
Wall Road Analyst Weigh In
A number of analysts just lately commented on ADBE shares. Morgan Stanley reiterated an “chubby” ranking and issued a $660.00 worth goal on shares of Adobe in a analysis observe on Friday, September thirteenth. TD Cowen lowered their worth goal on Adobe from $640.00 to $625.00 and set a “purchase” ranking on the inventory in a report on Monday, June tenth. UBS Group dropped their worth goal on Adobe from $560.00 to $550.00 and set a “impartial” ranking for the corporate in a analysis observe on Friday, September thirteenth. StockNews.com upgraded Adobe from a “maintain” ranking to a “purchase” ranking in a analysis report on Friday, September thirteenth. Lastly, JPMorgan Chase & Co. upgraded Adobe from a “impartial” ranking to an “chubby” ranking and raised their worth goal for the corporate from $570.00 to $580.00 in a analysis report on Friday, June 14th. Two analysts have rated the inventory with a promote ranking, seven have issued a maintain ranking, eighteen have issued a purchase ranking and one has issued a robust purchase ranking to the corporate’s inventory. Based mostly on information from MarketBeat.com, the corporate has a consensus ranking of “Reasonable Purchase” and a mean goal worth of $606.40.
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Insiders Place Their Bets
In associated information, CAO Mark S. Garfield offered 151 shares of the inventory in a transaction dated Tuesday, July sixteenth. The inventory was offered at a mean worth of $564.60, for a complete worth of $85,254.60. Following the completion of the transaction, the chief accounting officer now owns 2,797 shares of the corporate’s inventory, valued at roughly $1,579,186.20. This represents a 0.00 % lower of their possession of the inventory. The sale was disclosed in a doc filed with the SEC, which is accessible by this hyperlink. In different Adobe information, CAO Mark S. Garfield offered 151 shares of the agency’s inventory in a transaction on Tuesday, July sixteenth. The shares have been offered at a mean worth of $564.60, for a complete transaction of $85,254.60. Following the completion of the transaction, the chief accounting officer now straight owns 2,797 shares of the corporate’s inventory, valued at $1,579,186.20. This commerce represents a 0.00 % lower of their place. The sale was disclosed in a authorized submitting with the Securities & Alternate Fee, which is obtainable at the SEC web site. Additionally, EVP Scott Belsky offered 1,530 shares of the inventory in a transaction dated Monday, July fifteenth. The inventory was offered at a mean worth of $560.23, for a complete transaction of $857,151.90. Following the transaction, the manager vice chairman now straight owns 20,359 shares within the firm, valued at $11,405,722.57. The commerce was a 0.00 % lower of their place. The disclosure for this sale might be discovered right here. Insiders have offered 33,759 shares of firm inventory price $17,642,653 within the final quarter. 0.15% of the inventory is owned by company insiders.
Adobe Inventory Up 0.7 %
NASDAQ:ADBE traded up $3.42 throughout mid-day buying and selling on Friday, hitting $507.22. The corporate had a buying and selling quantity of 1,949,994 shares, in comparison with its common quantity of three,224,393. Adobe Inc. has a 1 yr low of $433.97 and a 1 yr excessive of $638.25. The enterprise has a fifty day easy transferring common of $541.74 and a 200-day easy transferring common of $516.31. The corporate has a present ratio of 1.11, a fast ratio of 1.16 and a debt-to-equity ratio of 0.28. The agency has a market capitalization of $224.90 billion, a price-to-earnings ratio of 45.57, a PEG ratio of two.72 and a beta of 1.29.
Adobe (NASDAQ:ADBE – Get Free Report) final launched its quarterly earnings outcomes on Thursday, September twelfth. The software program firm reported $4.65 EPS for the quarter, topping the consensus estimate of $4.53 by $0.12. The agency had income of $5.41 billion for the quarter, in comparison with analyst estimates of $5.37 billion. Adobe had a return on fairness of 42.82% and a web margin of 25.59%. Adobe’s income for the quarter was up 10.6% on a year-over-year foundation. Throughout the identical interval within the earlier yr, the corporate posted $3.26 EPS. Equities analysts forecast that Adobe Inc. will put up 14.79 earnings per share for the present fiscal yr.
Adobe Profile
Adobe Inc, along with its subsidiaries, operates as a diversified software program firm worldwide. It operates by three segments: Digital Media, Digital Expertise, and Publishing and Promoting. The Digital Media phase gives 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.
Featured Tales
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