Adobe Inc. (NASDAQ:ADBE) Shares Bought by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC raised its position in Adobe Inc. (NASDAQ:ADBE – Get Rating) by 2.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,146 shares of the software company’s stock after buying an additional 108 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Adobe were worth $1,732,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in ADBE. Arcus Capital Partners LLC purchased a new stake in shares of Adobe during the 4th quarter worth $26,000. TD Capital Management LLC purchased a new position in Adobe in the 3rd quarter valued at about $28,000. First Financial Corp IN lifted its holdings in Adobe by 52.1% in the 4th quarter. First Financial Corp IN now owns 108 shares of the software company’s stock valued at $36,000 after purchasing an additional 37 shares in the last quarter. Pacifica Partners Inc. lifted its holdings in Adobe by 1,111.1% in the 4th quarter. Pacifica Partners Inc. now owns 109 shares of the software company’s stock valued at $37,000 after purchasing an additional 100 shares in the last quarter. Finally, My Personal CFO LLC acquired a new position in shares of Adobe during the 4th quarter valued at about $45,000. 79.36% of the stock is currently owned by hedge funds and other institutional investors.

Adobe Price Performance

Adobe stock traded up $16.53 during midday trading on Friday, hitting $408.59. The company’s stock had a trading volume of 1,877,296 shares, compared to its average volume of 2,949,698. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.26. The stock’s 50-day moving average price is $367.79 and its 200-day moving average price is $351.95. Adobe Inc. has a 12 month low of $274.73 and a 12 month high of $451.15. The company has a market capitalization of $187.42 billion, a PE ratio of 39.61, a price-to-earnings-growth ratio of 2.23 and a beta of 1.31.

Adobe (NASDAQ:ADBE – Get Rating) last posted its quarterly earnings data on Wednesday, March 15th. The software company reported $3.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.12. The firm had revenue of $4.66 billion for the quarter, compared to the consensus estimate of $4.62 billion. Adobe had a return on equity of 36.53% and a net margin of 26.32%. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.84 EPS. Analysts anticipate that Adobe Inc. will post 12.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Adobe news, Director John E. Warnock sold 3,000 shares of the business’s stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $364.43, for a total transaction of $1,093,290.00. Following the sale, the director now owns 375,965 shares in the company, valued at approximately $137,012,924.95. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Adobe news, Director John E. Warnock sold 3,000 shares of the business’s stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $364.43, for a total transaction of $1,093,290.00. Following the sale, the director now owns 375,965 shares in the company, valued at approximately $137,012,924.95. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Mark S. Garfield sold 132 shares of the business’s stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $354.78, for a total value of $46,830.96. Following the sale, the chief accounting officer now owns 3,610 shares in the company, valued at approximately $1,280,755.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,304 shares of company stock worth $3,055,314. Company insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ADBE. Credit Suisse Group upped their price objective on shares of Adobe from $325.00 to $350.00 and gave the company a “neutral” rating in a research note on Friday, March 17th. StockNews.com initiated coverage on shares of Adobe in a research report on Thursday, May 18th. They set a “buy” rating for the company. Wells Fargo & Company raised their price target on shares of Adobe from $350.00 to $360.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 16th. UBS Group lifted their price objective on shares of Adobe from $350.00 to $400.00 and gave the stock a “neutral” rating in a report on Wednesday, February 15th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Adobe from $365.00 to $380.00 and gave the stock a “neutral” rating in a report on Thursday, March 16th. Sixteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Adobe has an average rating of “Hold” and an average target price of $388.00.

Adobe Company Profile

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Adobe, Inc engages in the provision of digital marketing and media solutions. It operates through the following segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers creative cloud services, which allow members to download and install the latest versions of products, such as Adobe Photoshop, Adobe Illustrator, Adobe Premiere Pro, Adobe Photoshop Lightroom and Adobe InDesign, as well as utilize other tools, such as Adobe Acrobat.