Billionaire Ken Fisher and Corporate Insiders Are Betting On These Stocks: Top 5 Stocks

3. Adobe Inc. (NASDAQ:ADBE)

Fisher Investments’ Q2 2023 Stake: $2.3 billion

Adobe Inc. (NASDAQ:ADBE) is one of the largest software companies in the world. It is one of Bank of America’s hottest artificial intelligence stock picks, with the bank upgrading its shares to Buy from Neutral and boosting the share price target to $630 from $575 in August based on an AI based revenue upside in its fiscal year 2024. The firm’s CFO Mr. Daniel Durn bought $936,358 worth of shares in September 2022.

By the end of this year’s second quarter, 109 out of the 910 hedge fund holdings studied by Insider Monkey had held a stake in the company. Out of these, Adobe Inc. (NASDAQ:ADBE)’s largest shareholder is Mr. Fisher’s hedge fund through its $2.3 billion investment.

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