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Caprock Group LLC Takes Position in Adobe Inc. $ADBE
Caprock Group LLC has acquired a new stake of 22,305 shares in Adobe Inc. (NASDAQ:ADBE) during the third quarter, valued at approximately $7.96 million. This move is part of a trend where several institutional investors have increased their holdings, collectively owning about 81.79% of the company. Despite mixed analyst ratings with an average price target of $401.13, Adobe has recently surpassed quarterly earnings expectations but is trading near its 52-week low.