5 Stocks to Invest In Today According to Rob Cope’s Columbus Point

4. Adobe Inc. (NASDAQ: ADBE)

Cope’s Stake Value: $18,207,000
Percentage of Rob Cope’s 13F Portfolio: 8.11%
Number of Hedge Fund Holders: 89

Adobe Inc. (NASDAQ: ADBE) is a global software corporation with a wide range of products. The company was founded in 1982 and is placed fourth on the list of 10 stocks to invest in today according to Rob Cope’s Columbus Point. Adobe Inc. (NASDAQ: ADBE) shares have returned 35.91% to investors during the course of the past 12 months.

On July 28, Walmart Inc. (NYSE: WMT) and Adobe Inc. (NASDAQ: ADBE) established a strategic agreement to combine Walmart’s Marketplace, online and in-store fulfillment, and pickup technologies with Adobe Commerce.

The hedge fund chaired by Rob Cope currently holds 31,089 shares of Adobe Inc. (NASDAQ: ADBE) that amount to $18.21 million, after increasing its stakes by 33% in the second quarter of 2021. Adobe Inc. (NASDAQ: ADBE) occupies 8.11% of Columbus Point’s total portfolio. Ken Fisher’s

Fisher Asset Management is a leading shareholder in Adobe Inc. (NASDAQ: ADBE), with 6.21 million shares worth $3.63 million.

In its second-quarter 2021 investor letter, Richie Capital Group mentioned Adobe Inc. (NASDAQ: ADBE). Here is what the fund said:

“Adobe Systems (ADBE – up 24.8%) – In the last 15 years, Adobe has transformed itself into a software behemoth, more than tripling its revenue since 2010. The company is famous for its namesake PDF-reader and photo-editing software Photoshop. However, ADBE sells a full suite of software products through a recurring subscription model. The company transitioned from selling boxed software to recurring subscriptions in 2013 and revenues have grown consistently since. The company achieved $13B in revenue in 2020 with 88% Gross Margins.”