5 Best Software Stocks To Invest In According To Hedge Funds

4. Adobe Inc. (NYSE:ADBE)

Number of Hedge Fund Holders in Q4 2022: 99

Adobe Inc. (NYSE:ADBE) is an American software company with different productivity products allowing designers and other professionals to work. It is based in San Jose, California.

Adobe Inc. (NYSE:ADBE) made a heartwarming announcement in March 2023 when its chief people’s officer stated to Bloomberg that the firm will not conduct any layoffs this year. Out of the 943 hedge funds part of Insider Monkey’s database, 99 owned a stake in the company in 2022’s final quarter.

Adobe Inc. (NYSE:ADBE)’s largest investor is Ken Fisher’s Fisher Asset Management which owns five million shares that are worth $1.7 billion.

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