Strathmore Capital Advisors Inc. bought a new position in Adobe Inc. (NASDAQ:ADBE - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 901 shares of the software company's stock, valued at approximately $336,000.
Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Adobe by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 41,143,835 shares of the software company's stock valued at $15,779,895,000 after purchasing an additional 171,547 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Adobe by 14.4% in the 1st quarter. Bank of New York Mellon Corp now owns 6,530,611 shares of the software company's stock valued at $2,504,685,000 after purchasing an additional 821,293 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Adobe by 2.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,468,383 shares of the software company's stock valued at $2,097,289,000 after purchasing an additional 126,688 shares in the last quarter. Amundi increased its holdings in Adobe by 24.7% in the 1st quarter. Amundi now owns 4,848,521 shares of the software company's stock valued at $1,782,642,000 after purchasing an additional 961,895 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Adobe by 68.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,575,792 shares of the software company's stock valued at $1,754,954,000 after purchasing an additional 1,856,544 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.
Adobe Stock Performance
Shares of NASDAQ ADBE opened at $362.07 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. The firm's 50-day moving average price is $355.91 and its two-hundred day moving average price is $378.04. Adobe Inc. has a 52-week low of $330.04 and a 52-week high of $557.90. The stock has a market capitalization of $153.59 billion, a P/E ratio of 22.56, a P/E/G ratio of 1.58 and a beta of 1.48.
Adobe (NASDAQ:ADBE - Get Free Report) last issued its earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.18 by $0.13. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The firm had revenue of $5.99 billion for the quarter, compared to analysts' expectations of $5.91 billion. During the same quarter last year, the company posted $4.65 earnings per share. Adobe's revenue was up 10.7% on a year-over-year basis. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. As a group, sell-side analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current year.
Analyst Ratings Changes
Several brokerages recently issued reports on ADBE. Bank of America increased their price target on Adobe from $424.00 to $475.00 and gave the company a "buy" rating in a report on Friday, June 13th. DA Davidson reiterated a "buy" rating and issued a $500.00 price target on shares of Adobe in a report on Friday, September 12th. Wells Fargo & Company restated an "overweight" rating and set a $470.00 target price (up from $430.00) on shares of Adobe in a research note on Friday, June 13th. Royal Bank Of Canada lowered their target price on Adobe from $480.00 to $430.00 and set an "outperform" rating for the company in a research note on Monday, September 8th. Finally, Piper Sandler lowered their target price on Adobe from $500.00 to $470.00 and set an "overweight" rating for the company in a research note on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $435.63.
Check Out Our Latest Analysis on Adobe
Adobe Company Profile
(
Free Report)
Adobe Inc, together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.
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