Robeco Institutional Asset Management B.V. Buys 85,820 Shares of Adobe Inc. (NASDAQ:ADBE)

Robeco Institutional Asset Management B.V. lifted its holdings in Adobe Inc. (NASDAQ:ADBE - Free Report) by 21.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 494,915 shares of the software company's stock after buying an additional 85,820 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.11% of Adobe worth $220,079,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Piscataqua Savings Bank grew its position in shares of Adobe by 226.7% during the 3rd quarter. Piscataqua Savings Bank now owns 49 shares of the software company's stock valued at $25,000 after acquiring an additional 34 shares during the period. Legacy Investment Solutions LLC purchased a new position in Adobe in the third quarter valued at approximately $26,000. Groupama Asset Managment grew its holdings in Adobe by 28.8% during the third quarter. Groupama Asset Managment now owns 51,482 shares of the software company's stock valued at $27,000 after purchasing an additional 11,522 shares during the period. MidAtlantic Capital Management Inc. purchased a new stake in Adobe in the third quarter worth $30,000. Finally, True Wealth Design LLC raised its stake 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 buying an additional 34 shares during the period. 81.79% of the stock is owned by institutional investors.

Adobe Price Performance

Shares of Adobe stock traded down $1.16 during trading on Wednesday, hitting $441.68. 2,985,887 shares of the stock traded hands, compared to its average volume of 4,001,860. The stock has a market cap of $192.26 billion, a price-to-earnings ratio of 35.62, a PEG ratio of 2.12 and a beta of 1.31. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.29. Adobe Inc. has a 52 week low of $403.75 and a 52 week high of $638.25. The firm's fifty day moving average is $465.79 and its 200-day moving average is $505.60.

Adobe (NASDAQ:ADBE - Get Free Report) last issued its quarterly 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 for the quarter, compared to analysts' expectations of $5.54 billion. Adobe had a net margin of 25.85% and a return on equity of 45.87%. The business's quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the business earned $3.52 earnings per share. Research analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ADBE has been the subject of several recent research reports. Bank of America decreased their price objective on Adobe from $640.00 to $605.00 and set a "buy" rating for the company in a report on Thursday, December 12th. Jefferies Financial Group lowered their price target on shares of Adobe from $700.00 to $650.00 and set a "buy" rating on the stock in a research report on Thursday, December 12th. StockNews.com raised shares of Adobe from a "buy" rating to a "strong-buy" rating in a report on Tuesday. Wells Fargo & Company lowered their target price on shares of Adobe from $700.00 to $640.00 and set an "overweight" rating on the stock in a report on Tuesday, January 7th. Finally, DA Davidson cut their price target on Adobe from $685.00 to $625.00 and set a "buy" rating for the company in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, ten have given a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $573.00.

Insiders Place Their Bets

In other news, EVP Scott Belsky sold 922 shares of the firm's stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $437.28, for a total value of $403,172.16. Following the transaction, the executive vice president now owns 22,153 shares in the company, valued at approximately $9,687,063.84. This trade represents a 4.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jillian Forusz sold 334 shares of Adobe stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $435.83, for a total transaction of $145,567.22. Following the completion of the transaction, 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 5,681 shares of company stock valued at $2,525,126 over the last three months. Insiders own 0.15% of the company's stock.

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.