Motiv8 Investments LLC Has $1.01 Million Stake in Adobe Inc. (NASDAQ:ADBE)

Motiv8 Investments LLC lifted its position in shares of Adobe Inc. (NASDAQ:ADBE) by 13.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,638 shares of the software company’s stock after acquiring an additional 303 shares during the period. Motiv8 Investments LLC’s holdings in Adobe were worth $1,012,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of ADBE. Sepio Capital LP lifted its stake in Adobe by 2.3% in the 4th quarter. Sepio Capital LP now owns 993 shares of the software company’s stock valued at $442,000 after purchasing an additional 22 shares during the last quarter. Cadence Bank boosted its position in Adobe by 0.5% during the fourth quarter. Cadence Bank now owns 4,883 shares of the software company’s stock valued at $2,171,000 after acquiring an additional 22 shares during the last quarter. Eagle Strategies LLC grew its stake in Adobe by 1.5% during the fourth quarter. Eagle Strategies LLC now owns 1,465 shares of the software company’s stock worth $651,000 after purchasing an additional 22 shares during the period. RB Capital Management LLC grew its position in shares of Adobe by 0.4% during the 4th quarter. RB Capital Management LLC now owns 4,944 shares of the software company’s stock worth $2,198,000 after buying an additional 22 shares during the period. Finally, Orin Green Financial LLC increased its stake in Adobe by 3.8% in the fourth quarter. Orin Green Financial LLC now owns 621 shares of the software company’s stock valued at $276,000 after purchasing an additional 23 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ADBE. Mizuho cut their target price on Adobe from $575.00 to $530.00 and set an “outperform” rating on the stock in a report on Friday, June 13th. JPMorgan Chase & Co. decreased their target price on Adobe from $580.00 to $540.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. KeyCorp raised shares of Adobe from an “underweight” rating to a “sector weight” rating in a report on Friday, March 21st. Summit Redstone set a $410.00 target price on shares of Adobe in a research report on Wednesday, March 19th. Finally, Jefferies Financial Group reduced their price target on Adobe from $650.00 to $590.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Nine analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Adobe presently has an average rating of “Moderate Buy” and a consensus price target of $496.75.

Adobe Price Performance

Shares of Adobe stock opened at $387.55 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.18 and a current ratio of 0.99. The stock has a market capitalization of $165.17 billion, a price-to-earnings ratio of 24.80, a price-to-earnings-growth ratio of 1.81 and a beta of 1.55. The company has a fifty day moving average of $391.76 and a 200-day moving average of $413.89. Adobe Inc. has a 52-week low of $332.01 and a 52-week high of $587.75.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, June 12th. The software company reported $5.06 earnings per share for the quarter, beating the consensus estimate of $4.97 by $0.09. The firm had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.80 billion. Adobe had a return on equity of 53.68% and a net margin of 30.39%. The business’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.48 earnings per share. Equities research analysts expect that Adobe Inc. will post 16.65 EPS for the current year.

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.