Rockland Belief Co. boosted its place in Adobe Inc. (NASDAQ:ADBE – Free Report) by 8.6% throughout the third quarter, in accordance with the corporate in its most up-to-date submitting with the Securities & Change Fee. The fund owned 1,157 shares of the software program firm’s inventory after buying an extra 92 shares throughout the interval. Rockland Belief Co.’s holdings in Adobe had been value $599,000 on the finish of the newest reporting interval.
A lot of different hedge funds additionally not too long ago purchased and bought shares of the enterprise. Non-public Consumer Providers LLC lifted its place in shares of Adobe by 10.0% within the third quarter. Non-public Consumer Providers LLC now owns 3,642 shares of the software program firm’s inventory value $1,886,000 after buying an extra 331 shares throughout the interval. Apella Capital LLC lifted its place in Adobe by 6.2% throughout the third quarter. Apella Capital LLC now owns 631 shares of the software program firm’s inventory valued at $319,000 after shopping for an extra 37 shares throughout the interval. Canandaigua Nationwide Financial institution & Belief Co. boosted its stake in Adobe by 10.8% throughout the third quarter. Canandaigua Nationwide Financial institution & Belief Co. now owns 7,005 shares of the software program firm’s inventory value $3,627,000 after buying an extra 685 shares within the final quarter. Distinctive Wealth LLC boosted its place in shares of Adobe by 17.0% within the third quarter. Distinctive Wealth LLC now owns 3,526 shares of the software program firm’s inventory value $1,826,000 after buying an extra 512 shares within the final quarter. Lastly, Czech Nationwide Financial institution elevated its place in Adobe by 5.8% throughout the third quarter. Czech Nationwide Financial institution now owns 90,325 shares of the software program firm’s inventory valued at $46,768,000 after shopping for an extra 4,954 shares within the final quarter. Hedge funds and different institutional traders personal 81.79% of the corporate’s inventory.
Insider Exercise at Adobe
In different Adobe information, CAO Mark S. Garfield bought 151 shares of the inventory in a transaction that occurred on Tuesday, July sixteenth. The shares had been bought at a mean value of $564.60, for a complete transaction of $85,254.60. Following the completion of the sale, the chief accounting officer now instantly 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 submitting with the SEC, which is on the market by way of the SEC web site. In different information, CAO Mark S. Garfield bought 151 shares of Adobe inventory in a transaction dated Tuesday, July sixteenth. The inventory was bought at a mean value of $564.60, for a complete worth of $85,254.60. Following the sale, the chief accounting officer now instantly owns 2,797 shares of the corporate’s inventory, valued at roughly $1,579,186.20. The commerce was a 0.00 % lower of their possession of the inventory. The sale was disclosed in a doc filed with the SEC, which could be accessed by way of this hyperlink. Additionally, EVP Scott Belsky bought 1,530 shares of the inventory in a transaction that occurred on Monday, July fifteenth. The shares had been bought at a mean value of $560.23, for a complete worth of $857,151.90. Following the transaction, the manager vp now owns 20,359 shares of the corporate’s inventory, valued at $11,405,722.57. This represents a 0.00 % lower of their possession of the inventory. The disclosure for this sale could be discovered right here. Within the final 90 days, insiders have bought 33,759 shares of firm inventory valued at $17,642,653. 0.15% of the inventory is owned by firm insiders.
Adobe Worth Efficiency
Shares of ADBE traded up $3.42 throughout mid-day buying and selling on Friday, reaching $507.22. The inventory had a buying and selling quantity of 1,949,994 shares, in comparison with its common quantity of three,224,393. The agency has a market cap 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 Inc. has a 12 month low of $433.97 and a 12 month excessive of $638.25. The enterprise has a fifty day transferring common of $541.74 and a 200 day transferring common of $516.31. The corporate has a debt-to-equity ratio of 0.28, a fast ratio of 1.16 and a present ratio of 1.11.
Adobe (NASDAQ:ADBE – Get Free Report) final issued its quarterly earnings outcomes on Thursday, September twelfth. The software program firm reported $4.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.53 by $0.12. Adobe had a return on fairness of 42.82% and a internet margin of 25.59%. The enterprise had income of $5.41 billion throughout the quarter, in comparison with analyst estimates of $5.37 billion. Throughout the identical quarter within the prior 12 months, the enterprise posted $3.26 EPS. Adobe’s income for the quarter was up 10.6% in comparison with the identical quarter final 12 months. Equities analysts predict that Adobe Inc. will publish 14.79 EPS for the present 12 months.
Analyst Upgrades and Downgrades
ADBE has been the topic of a number of current analyst studies. TD Cowen lowered their value goal on Adobe from $640.00 to $625.00 and set a “purchase” ranking for the corporate in a analysis report on Monday, June tenth. Evercore ISI reiterated an “outperform” ranking and set a $650.00 value goal on shares of Adobe in a report on Friday, June seventh. Barclays boosted their value goal on shares of Adobe from $650.00 to $675.00 and gave the inventory an “obese” ranking in a report on Wednesday, September 4th. Citigroup upped their value goal on Adobe from $550.00 to $621.00 and gave the corporate a “impartial” ranking in a analysis report on Wednesday, September eleventh. Lastly, Stifel Nicolaus boosted their value goal on Adobe from $600.00 to $650.00 and gave the inventory a “purchase” ranking in a analysis notice on Friday, September sixth. Two analysis analysts have rated the inventory with a promote ranking, seven have issued a maintain ranking, eighteen have assigned a purchase ranking and one has assigned a robust purchase ranking to the corporate’s inventory. Based on MarketBeat, the inventory has a consensus ranking of “Average Purchase” and a mean value goal of $606.40.
Examine Out Our Newest Inventory Evaluation on ADBE
Adobe Profile
Adobe Inc, along with its subsidiaries, operates as a diversified software program firm worldwide. It operates by way of three segments: Digital Media, Digital Expertise, and Publishing and Promoting. The Digital Media section affords merchandise, providers, and options that allow people, groups, and enterprises to create, publish, and promote content material; and Doc Cloud, a unified cloud-based doc providers platform.
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