Should You Buy Adobe Systems Incorporated (ADBE)?

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As aggregate interest increased, specific money managers were breaking ground themselves. Point State Capital, managed by Zach Schreiber, established the largest position in Adobe Systems Incorporated (NASDAQ:ADBE). Point State Capital had $160 million invested in the company at the end of the quarter. Ken Griffin’s Citadel Investment Group also made a $53.9 million investment in the stock during the quarter. The other funds with new positions in the stock are Ken Heebner’s Capital Growth Management, Ben Gambill’s Tiger Eye Capital, and Christopher Lord’s Criterion Capital.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Adobe Systems Incorporated (NASDAQ:ADBE) but similarly valued. These stocks are Telefonica S.A. (ADR) (NYSE:TEF), Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), Suncor Energy Inc. (USA) (NYSE:SU), and Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA). All of these stocks’ market caps are closest to ADBE’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
TEF 5 7181 -1
PBR 32 1030690 9
SU 22 809820 -3
TEVA 54 4254824 -1

As you can see these stocks had an average of 28 hedge funds with bullish positions and the average amount invested in these stocks was $1.53 billion, which is lower than the $2.87 billion in ADBE’s case. Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) is the most popular stock in this table. On the other hand Telefonica S.A. (ADR) (NYSE:TEF) is the least popular one with only five investors holding shares. Compared to these stocks Adobe Systems Incorporated (NASDAQ:ADBE) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

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