Fiduciary Financial Services of The Southwest Inc. TX Has $1.23 Million Position in Adobe Inc (ADBE)

Fiduciary Financial Services of The Southwest Inc. TX boosted its position in shares of Adobe Inc (NASDAQ:ADBE) by 5.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,603 shares of the software company’s stock after purchasing an additional 238 shares during the quarter. Fiduciary Financial Services of The Southwest Inc. TX’s holdings in Adobe were worth $1,227,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ADBE. Oregon Public Employees Retirement Fund boosted its holdings in shares of Adobe by 24,198.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 38,660,570 shares of the software company’s stock valued at $171,000 after buying an additional 38,501,463 shares during the period. Lunia Capital LP boosted its holdings in shares of Adobe by 23,384.5% in the fourth quarter. Lunia Capital LP now owns 8,928,109 shares of the software company’s stock valued at $8,928,000 after buying an additional 8,890,092 shares during the period. Norges Bank acquired a new position in Adobe during the fourth quarter worth $981,259,000. Fisher Asset Management LLC boosted its holdings in Adobe by 298.2% during the fourth quarter. Fisher Asset Management LLC now owns 1,627,565 shares of the software company’s stock worth $368,220,000 after purchasing an additional 1,218,872 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. boosted its holdings in Adobe by 54.9% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 2,369,516 shares of the software company’s stock worth $536,079,000 after purchasing an additional 839,989 shares during the last quarter. Hedge funds and other institutional investors own 86.40% of the company’s stock.

Several brokerages recently commented on ADBE. Zacks Investment Research upgraded shares of Adobe from a “hold” rating to a “buy” rating and set a $300.00 target price for the company in a report on Tuesday. BidaskClub upgraded shares of Adobe from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 30th. Morgan Stanley upgraded shares of Adobe from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $282.00 to $340.00 in a report on Monday, April 29th. Rosenblatt Securities reaffirmed a “buy” rating and set a $280.00 price target on shares of Adobe in a research report on Friday, March 29th. Finally, Barclays reaffirmed a “buy” rating and set a $304.00 price target on shares of Adobe in a research report on Monday, March 18th. Eight equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Adobe currently has a consensus rating of “Buy” and a consensus price target of $289.63.



Shares of ADBE opened at $271.86 on Wednesday. The stock has a market capitalization of $130.62 billion, a PE ratio of 48.98, a P/E/G ratio of 2.62 and a beta of 1.11. Adobe Inc has a fifty-two week low of $204.95 and a fifty-two week high of $291.70. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.97 and a current ratio of 0.97.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Thursday, March 14th. The software company reported $1.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.25). The company had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.55 billion. Adobe had a net margin of 28.08% and a return on equity of 30.60%. Adobe’s revenue for the quarter was up 24.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.55 earnings per share. Equities research analysts anticipate that Adobe Inc will post 6.24 EPS for the current fiscal year.

In other Adobe news, EVP Donna Morris sold 10,000 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $290.00, for a total transaction of $2,900,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CMO Ann Lewnes sold 3,000 shares of the stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $272.18, for a total transaction of $816,540.00. Following the sale, the chief marketing officer now owns 64,458 shares in the company, valued at $17,544,178.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 56,936 shares of company stock worth $15,481,738. 0.32% of the stock is owned by insiders.

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Adobe Company Profile

Adobe Inc operates as a diversified software company worldwide. Its Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content. Its flagship product is Creative Cloud, a subscription service that allows customer to download and access the latest versions of its creative products.

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Institutional Ownership by Quarter for Adobe (NASDAQ:ADBE)

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