Marshall Financial Group LLC Purchases 123 Shares of Adobe Inc. (NASDAQ:ADBE)

Marshall Financial Group LLC grew its position in Adobe Inc. (NASDAQ:ADBE) by 3.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 4,123 shares of the software company’s stock after acquiring an additional 123 shares during the period. Marshall Financial Group LLC’s holdings in Adobe were worth $1,833,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ADBE. Jamison Private Wealth Management Inc. lifted its stake in shares of Adobe by 17.8% during the 4th quarter. Jamison Private Wealth Management Inc. now owns 1,708 shares of the software company’s stock valued at $760,000 after buying an additional 258 shares in the last quarter. Blue Square Asset Management LLC raised its holdings in Adobe by 3.0% during the fourth quarter. Blue Square Asset Management LLC now owns 5,091 shares of the software company’s stock valued at $2,264,000 after acquiring an additional 149 shares during the period. Asio Capital LLC lifted its position in shares of Adobe by 18.3% in the fourth quarter. Asio Capital LLC now owns 12,585 shares of the software company’s stock valued at $5,596,000 after acquiring an additional 1,943 shares in the last quarter. First Citizens Bank & Trust Co. boosted its stake in shares of Adobe by 2.7% in the fourth quarter. First Citizens Bank & Trust Co. now owns 4,532 shares of the software company’s stock worth $2,015,000 after acquiring an additional 120 shares during the period. Finally, Archford Capital Strategies LLC grew its position in shares of Adobe by 13.0% during the fourth quarter. Archford Capital Strategies LLC now owns 3,622 shares of the software company’s stock worth $1,611,000 after purchasing an additional 416 shares in the last quarter. 81.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ADBE shares. Mizuho lowered their price target on Adobe from $640.00 to $620.00 and set an “outperform” rating on the stock in a report on Thursday, December 12th. Stifel Nicolaus lowered their target price on shares of Adobe from $650.00 to $600.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. StockNews.com cut shares of Adobe from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 20th. Sanford C. Bernstein decreased their price target on shares of Adobe from $644.00 to $587.00 and set an “outperform” rating on the stock in a research note on Thursday, December 12th. Finally, BNP Paribas upgraded Adobe from an “underperform” rating to a “neutral” rating and set a $425.00 price objective for the company in a research report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $573.00.

Adobe Trading Down 0.4 %

ADBE opened at $435.38 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.07 and a current ratio of 1.07. The stock’s 50 day moving average price is $468.14 and its 200-day moving average price is $508.06. Adobe Inc. has a one year low of $403.75 and a one year high of $638.25. The stock has a market cap of $189.52 billion, a price-to-earnings ratio of 35.11, a P/E/G ratio of 2.12 and a beta of 1.31.

Adobe (NASDAQ:ADBE) last released its earnings results on Wednesday, December 11th. The software company reported $4.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.67 by $0.14. Adobe had a return on equity of 45.87% and a net margin of 25.85%. The business had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.54 billion. During the same quarter last year, the firm posted $3.52 earnings per share. The business’s revenue was up 11.1% compared to the same quarter last year. On average, equities analysts forecast that Adobe Inc. will post 16.65 EPS for the current year.

Insider Activity at Adobe

In other Adobe news, Director Amy Banse sold 606 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $550.00, for a total value of $333,300.00. Following the completion of the sale, the director now directly owns 32,929 shares in the company, valued at approximately $18,110,950. This represents a 1.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jillian Forusz sold 676 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $484.97, for a total value of $327,839.72. Following the transaction, the chief accounting officer now owns 2,715 shares in the company, valued at approximately $1,316,693.55. This represents a 19.94 % decrease in their position. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by company insiders.

Adobe Company Profile

Adobe Inc, together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.