Kentucky Retirement Systems Decreases Holdings in Adobe Inc. (NASDAQ:ADBE)
Kentucky Retirement Systems Decreases Holdings in Adobe Inc. (NASDAQ:ADBE)
Kentucky Retirement Systems trimmed its holdings in shares of Adobe Inc. (NASDAQ:ADBE – Get Rating) by 5.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 30,066 shares of the software company's stock after selling 1,673 shares during the quarter. Kentucky Retirement Systems' holdings in Adobe were worth $13,699,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Adobe by 204.0% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,532 shares of the software company's stock valued at $870,000 after purchasing an additional 1,028 shares during the last quarter. Intelligence Driven Advisers LLC bought a new position in shares of Adobe during the fourth quarter valued at approximately $278,000. Emerald Mutual Fund Advisers Trust bought a new position in shares of Adobe during the fourth quarter valued at approximately $145,000. Fisher Asset Management LLC lifted its position in Adobe by 4.7% during the fourth quarter. Fisher Asset Management LLC now owns 6,739,460 shares of the software company's stock valued at $3,821,679,000 after acquiring an additional 304,991 shares during the last quarter. Finally, Pictet & Cie Europe SA lifted its position in Adobe by 7.3% during the fourth quarter. Pictet & Cie Europe SA now owns 20,806 shares of the software company's stock valued at $11,798,000 after acquiring an additional 1,414 shares during the last quarter. 82.54% of the stock is currently owned by hedge funds and other institutional investors.
Get Adobe alerts:Adobe Stock Performance
NASDAQ:ADBE opened at $433.43 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.26. The company's 50-day moving average price is $392.99 and its 200-day moving average price is $427.11. Adobe Inc. has a twelve month low of $338.00 and a twelve month high of $699.54. The company has a market cap of $202.85 billion, a P/E ratio of 42.33, a P/E/G ratio of 2.39 and a beta of 1.12.
Adobe (NASDAQ:ADBE – Get Rating) last issued its earnings results on Thursday, June 16th. The software company reported $2.70 EPS for the quarter, topping analysts' consensus estimates of $2.65 by $0.05. Adobe had a net margin of 29.29% and a return on equity of 36.70%. The company had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.34 billion. During the same period in the previous year, the firm earned $2.56 earnings per share. On average, sell-side analysts forecast that Adobe Inc. will post 10.99 earnings per share for the current fiscal year.Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the stock. Bank of America decreased their target price on shares of Adobe from $560.00 to $450.00 and set a "buy" rating for the company in a research report on Friday, June 17th. UBS Group decreased their target price on shares of Adobe from $450.00 to $415.00 and set a "neutral" rating for the company in a research report on Friday, June 17th. Wells Fargo & Company decreased their price target on shares of Adobe from $525.00 to $425.00 and set an "overweight" rating for the company in a report on Friday, June 17th. Stifel Nicolaus decreased their price target on shares of Adobe from $600.00 to $500.00 in a report on Friday, June 17th. Finally, Oppenheimer cut their price objective on shares of Adobe from $560.00 to $400.00 and set an "outperform" rating on the stock in a research note on Friday, June 17th. Six investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat, Adobe presently has a consensus rating of "Moderate Buy" and an average price target of $489.31.
Insiders Place Their Bets
In other Adobe news, EVP Scott Belsky sold 2,711 shares of Adobe stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $393.58, for a total transaction of $1,066,995.38. Following the transaction, the executive vice president now directly owns 26,089 shares of the company's stock, valued at $10,268,108.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Mark S. Garfield sold 132 shares of Adobe stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $409.75, for a total value of $54,087.00. Following the completion of the transaction, the chief accounting officer now owns 2,465 shares in the company, valued at $1,010,033.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Scott Belsky sold 2,711 shares of Adobe stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $393.58, for a total transaction of $1,066,995.38. Following the completion of the transaction, the executive vice president now owns 26,089 shares of the company's stock, valued at approximately $10,268,108.62. The disclosure for this sale can be found here. Insiders have sold 3,637 shares of company stock valued at $1,438,682 over the last ninety days. Company insiders own 0.23% of the company's stock.
Adobe Company Profile
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Adobe Inc 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.
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據Holdings Channel報道,肯塔基退休系統在第一季度減持了Adobe Inc.(納斯達克代碼:ADBE)的股票,減持幅度為5.3%。這家機構投資者在本季度出售了1,673股後,持有這家軟件公司30,066股股票。在最近一次報告期結束時,肯塔基退休系統公司持有的Adobe股份價值13,699,000美元。
其他幾家對衝基金最近也調整了它們在該業務中的頭寸。米格達爾保險金融控股有限公司在第四季度增持了204.0%的Adobe股份。Migdal Insurance&Financial Holdings Ltd.在上個季度購買了1,028股微軟股票後,目前持有該軟件公司1,532股股票,價值87萬美元。智能驅動顧問有限責任公司在第四季度購買了Adobe股票的新頭寸,價值約27.8萬美元。Emerald Mutual Fund Advisers Trust在第四季度購買了新的Adobe股票頭寸,價值約145,000美元。Fisher Asset Management LLC在第四季度將其在Adobe的頭寸提高了4.7%。Fisher Asset Management LLC現在擁有這家軟件公司6,739,460股股票,價值3,821,679,000美元,在上個季度額外收購了304,991股。最後,Pictet&Cie Europe SA在第四季度將其在Adobe的持倉提高了7.3%。Pictet&Cie Europe SA現在擁有20,806股這家軟件公司的股票,價值11,798,000美元,在上個季度又購買了1,414股。82.54%的股票目前由對衝基金和其他機構投資者持有。
到達土坯警報:
Adobe股票表現
納斯達克:亞洲開發銀行上週五開盤報433.43美元。該公司的流動比率為1.07,速動比率為1.07,債務權益比率為0.26。該公司的50日移動均線價格為392.99美元,200日移動均線價格為427.11美元。Adobe Inc.的股價跌至338.00美元的12個月低點和699.54美元的12個月高點。該公司市值為2,028.5億美元,市盈率為42.33,市盈率為2.39,貝塔係數為1.12。
Adobe(納斯達克代碼:ADBE-GET Rating)最近一次發佈收益報告是在6月16日星期四。這家軟件公司公佈本季度每股收益為2.70美元,比分析師普遍預期的2.65美元高出0.05美元。Adobe的淨利潤率為29.29%,股本回報率為36.70%。該公司本季度營收為43.9億美元,而市場普遍預期為43.4億美元。去年同期,該公司每股收益為2.56美元。賣方分析師平均預測,Adobe Inc.本財年每股收益將達到10.99美元。
華爾街分析師預測經濟增長
一些股票研究分析師最近對該股發表了評論。6月17日,美國銀行在一份研究報告中將Adobe股票的目標價從560.00美元下調至450.00美元,並將該公司的評級定為“買入”。瑞銀集團將Adobe股票目標價從450.00美元下調至415.00美元,並在6月17日(週五)的一份研究報告中將該公司的評級定為“中性”。富國銀行將Adobe股票目標價從525.00美元下調至425.00美元,並在6月17日星期五的一份報告中對該公司設定了“增持”評級。Stifel Nicolaus在6月17日星期五的一份報告中將Adobe股票的目標價從600.00美元下調至500.00美元。最後,奧本海默將Adobe股票的目標價從560.00美元下調至400.00美元,並在6月17日星期五的一份研究報告中對該股設定了“跑贏大盤”的評級。6名投資分析師對該股的評級為持有,22名分析師對該股的評級為買入。根據MarketBeat的數據,Adobe目前的普遍評級為“中等買入”,平均目標價為489.31美元。
內部人士下注
在Adobe的其他新聞中,執行副總裁Scott Belsky在7月26日星期二的交易中出售了2,711股Adobe股票。這些股票的平均價格為393.58美元,總成交金額為1,066,995.38美元。交易完成後,執行副總裁總裁現在直接持有該公司26,089股股票,價值10,268,108.62美元。這筆交易是在提交給美國證券交易委員會的一份法律文件中披露的,該文件可在美國證券交易委員會網站上查閲。在相關新聞中,首席財務官馬克·S·加菲爾德在7月22日星期五的一筆交易中出售了132股Adobe股票。這些股票的平均價格為409.75美元,總價值為54,087.00美元。交易完成後,首席會計官現在擁有該公司2,465股股份,價值1,010,033.75美元。這筆交易是在提交給美國證券交易委員會的一份文件中披露的,這份文件可以在美國證券交易委員會的網站上找到。此外,執行副總裁斯科特·貝爾斯基在7月26日星期二的一筆交易中出售了2,711股Adobe股票。這些股票的平均價格為393.58美元,總成交金額為1,066,995.38美元。交易完成後,執行副總裁總裁現在持有該公司26,089股股票,價值約10,268,108.62美元。此次拍賣的披露信息可在此處找到。在過去的90天裏,內部人士已經出售了3637股公司股票,價值1,438,682美元。公司內部人士持有該公司0.23%的股份。
Adobe公司簡介
(獲取評級)
Adobe作為一家多元化的軟件公司在全球範圍內運營。它通過三個部門運作:數字媒體、數字體驗和出版與廣告。數字媒體部門提供產品、服務和解決方案,使個人、團隊和企業能夠創建、發佈和推廣內容;以及文檔雲,這是一個統一的基於雲的文檔服務平臺。
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