Nilsine Partners LLC lessened its stake in shares of Adobe Inc. (NASDAQ:ADBE – Free Report) by 9.1% in the 1st quarter, Holdings Channel reports. The firm owned 742 shares of the software company’s stock after selling 74 shares during the period. Nilsine Partners LLC’s holdings in Adobe were worth $285,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Siemens Fonds Invest GmbH raised its position in shares of Adobe by 252.9% during the 4th quarter. Siemens Fonds Invest GmbH now owns 55,658 shares of the software company’s stock valued at $25,000 after buying an additional 39,888 shares in the last quarter. SWAN Capital LLC purchased a new stake in shares of Adobe during the 4th quarter valued at about $28,000. Copia Wealth Management purchased a new stake in shares of Adobe during the 4th quarter valued at about $28,000. Summit Securities Group LLC purchased a new stake in shares of Adobe during the 4th quarter valued at about $31,000. Finally, Bernard Wealth Management Corp. purchased a new stake in shares of Adobe during the 4th quarter valued at about $36,000. Institutional investors own 81.79% of the company’s stock.
Adobe Stock Performance
Shares of NASDAQ:ADBE opened at $376.92 on Monday. The firm has a market cap of $160.64 billion, a PE ratio of 24.12, a price-to-earnings-growth ratio of 1.79 and a beta of 1.55. The firm’s 50 day simple moving average is $389.67 and its 200-day simple moving average is $415.50. Adobe Inc. has a one year low of $332.01 and a one year high of $587.75. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.18 and a current ratio of 0.99.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on ADBE
Adobe Company Profile
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.
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