Disciplina Capital Management LLC Sells 46 Shares of Adobe Inc. $ADBE

Disciplina Capital Management LLC decreased its position in Adobe Inc. (NASDAQ:ADBE) by 25.1% during the 1st quarter, HoldingsChannel reports. The fund owned 137 shares of the software company’s stock after selling 46 shares during the quarter. Disciplina Capital Management LLC’s holdings in Adobe were worth $53,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in Adobe by 2.1% in the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock valued at $3,588,000 after buying an additional 167 shares during the last quarter. Bank Pictet & Cie Europe AG grew its holdings in shares of Adobe by 2.7% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 28,969 shares of the software company’s stock valued at $12,882,000 after acquiring an additional 756 shares in the last quarter. First Trust Advisors LP increased its position in shares of Adobe by 15.4% in the fourth quarter. First Trust Advisors LP now owns 437,408 shares of the software company’s stock valued at $194,507,000 after acquiring an additional 58,218 shares during the last quarter. Capital World Investors raised its holdings in Adobe by 3.1% during the fourth quarter. Capital World Investors now owns 458,495 shares of the software company’s stock worth $203,884,000 after acquiring an additional 13,755 shares in the last quarter. Finally, MYDA Advisors LLC bought a new stake in Adobe during the fourth quarter worth about $489,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on ADBE. Phillip Securities raised Adobe from a “moderate sell” rating to a “strong-buy” rating in a research report on Monday, June 16th. Royal Bank Of Canada reissued an “outperform” rating and issued a $480.00 target price on shares of Adobe in a research note on Thursday, June 5th. Stifel Nicolaus cut their price target on shares of Adobe from $525.00 to $480.00 and set a “buy” rating for the company in a research note on Friday, June 13th. Piper Sandler decreased their price objective on shares of Adobe from $600.00 to $500.00 and set an “overweight” rating for the company in a research report on Wednesday, April 23rd. Finally, Evercore ISI restated an “outperform” rating and set a $475.00 price objective on shares of Adobe in a research note on Friday, June 13th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $467.58.

Adobe Trading Up 1.8%

Shares of ADBE stock opened at $354.85 on Monday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $150.53 billion, a P/E ratio of 22.70, a P/E/G ratio of 1.68 and a beta of 1.51. Adobe Inc. has a twelve month low of $330.04 and a twelve month high of $587.75. The stock’s fifty day simple moving average is $371.84 and its 200 day simple moving average is $392.13.

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