Adobe Inc. (NASDAQ:ADBE) Shares Acquired by Generali Investments Towarzystwo Funduszy Inwestycyjnych

Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 29.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,216 shares of the software company's stock after purchasing an additional 3,200 shares during the period. Adobe comprises about 3.7% of Generali Investments Towarzystwo Funduszy Inwestycyjnych's investment portfolio, making the stock its 5th biggest position. Generali Investments Towarzystwo Funduszy Inwestycyjnych's holdings in Adobe were worth $6,322,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in shares of Adobe during the 3rd quarter valued at $26,000. MidAtlantic Capital Management Inc. bought a new stake in Adobe during the third quarter valued at about $30,000. True Wealth Design LLC lifted its position in shares of Adobe by 141.7% in the third quarter. True Wealth Design LLC now owns 58 shares of the software company's stock valued at $30,000 after acquiring an additional 34 shares in the last quarter. Briaud Financial Planning Inc bought a new position in shares of Adobe in the third quarter worth about $36,000. Finally, Decker Retirement Planning Inc. purchased a new stake in shares of Adobe during the fourth quarter worth about $31,000. Institutional investors own 81.79% of the company's stock.

Insider Activity

In related news, Director Amy Banse sold 606 shares of the company's stock in a transaction dated 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 transaction, the director now owns 32,929 shares of the company's stock, valued at approximately $18,110,950. This represents a 1.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Jillian Forusz sold 334 shares of the firm's stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $435.83, for a total value of $145,567.22. Following the completion of the sale, the chief accounting officer now directly owns 2,685 shares in the company, valued at approximately $1,170,203.55. The trade was a 11.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,681 shares of company stock valued at $2,525,126 in the last three months. 0.15% of the stock is currently owned by corporate insiders.

Adobe Stock Performance

ADBE traded up $1.30 during midday trading on Friday, hitting $438.49. 3,936,248 shares of the company were exchanged, compared to its average volume of 3,474,121. The company's 50 day simple moving average is $439.71 and its 200 day simple moving average is $490.59. The firm has a market capitalization of $190.87 billion, a price-to-earnings ratio of 35.36, a price-to-earnings-growth ratio of 2.15 and a beta of 1.31. Adobe Inc. has a 1-year low of $403.75 and a 1-year high of $587.75. 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 - Get Free Report) last posted its earnings results on Wednesday, December 11th. The software company reported $4.81 EPS for the quarter, topping the consensus estimate of $4.67 by $0.14. Adobe had a return on equity of 45.87% and a net margin of 25.85%. The firm had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.54 billion. During the same period last year, the company earned $3.52 earnings per share. Adobe's revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, sell-side analysts predict that Adobe Inc. will post 16.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ADBE. BNP Paribas upgraded Adobe from an "underperform" rating to a "neutral" rating and set a $425.00 price target for the company in a research note on Wednesday, January 15th. Redburn Atlantic assumed coverage on shares of Adobe in a report on Wednesday, February 19th. They issued a "neutral" rating on the stock. Wells Fargo & Company cut their target price on shares of Adobe from $700.00 to $640.00 and set an "overweight" rating for the company in a research note on Tuesday, January 7th. JMP Securities reiterated a "market perform" rating on shares of Adobe in a research note on Thursday, December 12th. Finally, Barclays cut their price objective on Adobe from $675.00 to $645.00 and set an "overweight" rating for the company in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, eleven 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 stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $570.88.

About Adobe

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.