Adobe Inc. (ADBE) to Watch on Institutional Movement

Adobe Inc. (NASDAQ:ADBE) reached 28.85% versus a 1-year low price of $173.03. The stock was last seen 8.67% higher, reaching at $222.95 on 12/26/2018. At recent session, the prices were hovering between $206.25 and $222.96. This company shares are 30.64% off its target price of $291.26 and the current market capitalization stands at $117.39B. The recent change has given its price a -6.95% deficit over SMA 50 and -19.69% deficit over its 52-week high. The stock witnessed -1.16% declines, -16.76% declines and -7.97% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ADBE’s volatility during a week at 5.83% and during a month it has been found around 4.11%.

Adobe Inc. (ADBE) Top Holders

Institutional investors currently hold around $86.33 billion or 87.9% in ADBE stock. Look at its top three institutional owners. Fmr Llc owns $7.69 billion in Adobe Inc., which represents roughly 6.55% of the company’s market cap and approximately 8.91% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 37,046,965 shares of the stock are valued at $7.6 billion. The third largest holder is Blackrock Inc., which currently holds $6.97 billion worth of this stock and that ownership represents nearly 5.94% of its market capitalization.

Adobe Inc. 13F Filings

At the end of September reporting period, 610 institutional holders increased their position in Adobe Inc. (NASDAQ:ADBE) by some 21,537,021 shares, 652 decreased positions by 22,976,789 and 199 held positions by 376,253,201. That puts total institutional holdings at 420,767,011 shares, according to SEC filings. The stock grabbed 124 new institutional investments totaling 1,901,651 shares while 68 institutional investors sold out their entire positions totaling 904,962 shares.

Adobe Inc. (NASDAQ:ADBE) Insider Trades

Multiple company employees have indulged in significant insider trading. Adobe Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Ricks David A has acquired 75 shares of Adobe Inc. (ADBE) in trading session dated Dec. 20, 2018. These shares are worth $16,244 and were traded at $216.58 each. The SEC filing shows that Lewnes Ann performed a sale of 2,692 shares. The EVP, Chief Marketing Officer disposed these shares by way of transaction on Dec. 19, 2018. The company’s shares were given away at $226.05 per share worth to an income of some $608,527 on account of Lewnes Ann.

EVP, Chief Marketing Officer, Lewnes Ann, sold 2,955 common shares of Adobe Inc. (ADBE) in the open market. In a transaction dated Nov. 21, 2018, the shares were put up for sale at an average price of $225.38, raking in a sum of $665,998. After this sale, 52,692 common shares of ADBE are directly owned by the insider, with total stake valued at $11,747,681.

In the transaction dated Nov. 01, 2018, the great number of shares disposed came courtesy the EVP & GM, Experience Cloud; Rencher Bradley disposed a total of 12,000 shares at an average price of $245.3, amounting to approximately $2,943,600. The insider now directly owns 68,071 shares worth $15,176,429.

Adobe Inc. (ADBE) Analyst Guide

Several analysts have released their opinion on Adobe Inc. (NASDAQ:ADBE), with 10 analysts believing it is a strong buy. Whereas 10 of them predict the stock is a hold. Also, there are 10 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2 average brokerage recommendation.