Stephens Inc. AR Grows Stock Holdings in Adobe Inc. (NASDAQ:ADBE)

Stephens Inc. AR lifted its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 8.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,862 shares of the software company’s stock after acquiring an additional 3,524 shares during the quarter. Stephens Inc. AR’s holdings in Adobe were worth $20,394,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. LVW Advisors LLC increased its stake in Adobe by 16.4% during the 3rd quarter. LVW Advisors LLC now owns 1,077 shares of the software company’s stock worth $558,000 after buying an additional 152 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Adobe by 52.4% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 20,872 shares of the software company’s stock worth $10,806,000 after acquiring an additional 7,172 shares during the last quarter. Fiduciary Financial Group LLC acquired a new position in shares of Adobe in the third quarter worth about $448,000. Valeo Financial Advisors LLC boosted its holdings in Adobe by 21.4% in the third quarter. Valeo Financial Advisors LLC now owns 7,396 shares of the software company’s stock valued at $3,829,000 after purchasing an additional 1,302 shares during the last quarter. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its stake in Adobe by 0.8% during the 3rd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 11,842 shares of the software company’s stock valued at $6,132,000 after purchasing an additional 89 shares in the last quarter. 81.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Adobe news, Director Amy Banse sold 606 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were 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 owns 32,929 shares in the company, valued at approximately $18,110,950. This trade represents a 1.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Scott Belsky sold 3,819 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $430.24, for a total transaction of $1,643,086.56. Following the sale, the executive vice president now directly owns 18,334 shares in the company, valued at $7,888,020.16. This trade represents a 17.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,681 shares of company stock worth $2,525,126 in the last quarter. 0.15% of the stock is owned by corporate insiders.

Adobe Stock Down 0.5 %

ADBE opened at $433.07 on Friday. Adobe Inc. has a 1-year low of $403.75 and a 1-year high of $628.07. The business has a 50 day moving average of $453.92 and a 200-day moving average of $499.63. The stock has a market capitalization of $188.52 billion, a price-to-earnings ratio of 34.93, a P/E/G ratio of 2.11 and a beta of 1.31. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.29.

Adobe (NASDAQ:ADBE) last issued its earnings results on Wednesday, December 11th. The software company reported $4.81 EPS for the quarter, beating analysts’ consensus estimates of $4.67 by $0.14. The business had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.54 billion. Adobe had a return on equity of 45.87% and a net margin of 25.85%. Adobe’s revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the company posted $3.52 earnings per share. As a group, sell-side analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current year.

Analysts Set New Price Targets

ADBE has been the topic of a number of recent analyst reports. Royal Bank of Canada cut their target price on Adobe from $610.00 to $590.00 and set an “outperform” rating on the stock in a research report on Thursday, December 12th. BMO Capital Markets dropped their target price on shares of Adobe from $600.00 to $570.00 and set an “outperform” rating for the company in a research report on Thursday, December 12th. Sanford C. Bernstein lowered their price objective on Adobe from $644.00 to $587.00 and set an “outperform” rating for the company in a report on Thursday, December 12th. BNP Paribas upgraded Adobe from an “underperform” rating to a “neutral” rating and set a $425.00 price target for the company in a report on Wednesday, January 15th. Finally, UBS Group reduced their price target on shares of Adobe from $525.00 to $475.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $573.00.

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.