Legacy Private Trust Co.减少了Adobe Inc.（纳斯达克股票代码：ADBE）的股票头寸|Adobe_新浪财经

Legacy Private Trust Co. reduced its stake in shares of Adobe Inc. (NASDAQ:ADBE – Get Rating) by 5.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,233 shares of the software company's stock after selling 331 shares during the quarter. Legacy Private Trust Co.'s holdings in Adobe were worth $1,761,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of ADBE. Financial Enhancement Group LLC boosted its stake in Adobe by 338.1% during the 3rd quarter. Financial Enhancement Group LLC now owns 92 shares of the software company's stock valued at $25,000 after purchasing an additional 71 shares in the last quarter. TD Capital Management LLC bought a new stake in Adobe in the third quarter worth about $28,000. Western Pacific Wealth Management LP raised its position in Adobe by 3,550.0% in the third quarter. Western Pacific Wealth Management LP now owns 146 shares of the software company's stock worth $40,000 after acquiring an additional 142 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC acquired a new stake in Adobe in the 3rd quarter valued at about $51,000. Finally, Vienna Asset Management LLC bought a new position in shares of Adobe during the 3rd quarter valued at about $67,000. Institutional investors and hedge funds own 79.36% of the company's stock.

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Insider Activity

In related news, Director John E. Warnock sold 1,500 shares of the company's stock in a transaction on Friday, March 17th. The shares were sold at an average price of $357.91, for a total transaction of $536,865.00. Following the completion of the sale, the director now directly owns 378,965 shares of the company's stock, valued at approximately $135,635,363.15. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director John E. Warnock sold 1,500 shares of Adobe stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $357.91, for a total value of $536,865.00. Following the transaction, the director now directly owns 378,965 shares in the company, valued at $135,635,363.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Mark S. Garfield sold 132 shares of the stock in a transaction that occurred on Friday, March 17th. The shares were 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 of the company's stock, valued at approximately $1,280,755.80. The disclosure for this sale can be found here. Insiders have sold a total of 22,747 shares of company stock valued at $7,915,709 over the last 90 days. 0.24% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on ADBE shares. JPMorgan Chase & Co. increased their target price on shares of Adobe from $365.00 to $380.00 and gave the company a "neutral" rating in a research note on Thursday, March 16th. Credit Suisse Group raised their price objective on Adobe from $325.00 to $350.00 and gave the stock a "neutral" rating in a research note on Friday, March 17th. Barclays boosted their target price on Adobe from $340.00 to $385.00 in a research report on Thursday, March 16th. BMO Capital Markets increased their price target on Adobe from $395.00 to $400.00 and gave the company a "market perform" rating in a research report on Thursday, March 16th. Finally, Piper Sandler restated an "overweight" rating and set a $415.00 price objective on shares of Adobe in a report on Wednesday, March 22nd. Sixteen equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Adobe presently has a consensus rating of "Hold" and an average target price of $409.19.

Adobe Stock Down 0.5 %

ADBE stock opened at $373.15 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.26. The firm has a market cap of $171.12 billion, a PE ratio of 36.76, a PEG ratio of 2.30 and a beta of 1.27. Adobe Inc. has a 1 year low of $274.73 and a 1 year high of $473.49. The company has a fifty day simple moving average of $356.42 and a 200 day simple moving average of $333.46.

Adobe (NASDAQ:ADBE – Get Rating) last released its quarterly earnings results 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. Adobe had a return on equity of 36.53% and a net margin of 26.32%. The company had revenue of $4.66 billion during the quarter, compared to the consensus estimate of $4.62 billion. During the same quarter in the prior year, the company posted $2.84 EPS. The firm's revenue was up 9.2% on a year-over-year basis. Sell-side analysts anticipate that Adobe Inc. will post 12.22 EPS for the current fiscal year.

About Adobe

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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.

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