952 Shares in Adobe Inc. $ADBE Bought by Integrity Alliance LLC.

Key Points

• Integrity Alliance LLC has acquired 952 shares of Adobe Inc. valued at approximately $365,000, indicating growing interest in the company's stock.
• Adobe's stock has received mixed analyst ratings, with one downgrade to a "sell" rating and a consensus target price of $435.63 among 28 analysts.
• Adobe reported a revenue of $5.99 billion for the last quarter, surpassing estimates and reflecting a 10.7% increase compared to the previous year.

Integrity Alliance LLC. purchased a new stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 952 shares of the software company's stock, valued at approximately $365,000.

Other hedge funds also recently bought and sold shares of the company. Garde Capital Inc. purchased a new position in Adobe during the 1st quarter valued at about $34,000. PFG Advisors increased its holdings in Adobe by 20.8% during the 1st quarter. PFG Advisors now owns 4,964 shares of the software company's stock valued at $1,904,000 after purchasing an additional 855 shares during the period. Krane Funds Advisors LLC increased its holdings in Adobe by 110.4% during the 1st quarter. Krane Funds Advisors LLC now owns 1,391 shares of the software company's stock valued at $533,000 after purchasing an additional 730 shares during the period. Financial Counselors Inc. grew its holdings in shares of Adobe by 9.2% during the 1st quarter. Financial Counselors Inc. now owns 62,851 shares of the software company's stock worth $24,105,000 after acquiring an additional 5,298 shares during the period. Finally, Koss Olinger Consulting LLC purchased a new position in shares of Adobe during the 1st quarter worth approximately $305,000. Hedge funds and other institutional investors own 81.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ADBE shares. Barclays upped their target price on Adobe from $460.00 to $465.00 and gave the stock an "overweight" rating in a report on Friday. Robert W. Baird upped their price target on Adobe from $410.00 to $425.00 and gave the stock a "neutral" rating in a research note on Monday, June 16th. Wells Fargo & Company restated an "overweight" rating and issued a $470.00 price target (up previously from $430.00) on shares of Adobe in a research note on Friday, June 13th. Melius downgraded Adobe from a "hold" rating to a "sell" rating and set a $310.00 price target on the stock. in a research note on Monday, August 11th. Finally, Evercore ISI lowered their price objective on Adobe from $475.00 to $450.00 and set an "outperform" rating on the stock in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $435.63.

Adobe Stock Performance

NASDAQ ADBE traded down $2.26 during trading hours on Monday, hitting $347.10. 6,760,024 shares of the company's stock traded hands, compared to its average volume of 3,900,378. The business's fifty day moving average price is $357.32 and its two-hundred day moving average price is $378.97. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $147.24 billion, a P/E ratio of 21.63, a P/E/G ratio of 1.65 and a beta of 1.48. Adobe Inc. has a 52 week low of $330.04 and a 52 week high of $557.90.

Adobe (NASDAQ:ADBE - Get Free Report) last announced its earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.18 by $0.13. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The company had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.91 billion. During the same period in the previous year, the business posted $4.65 earnings per share. The firm's quarterly revenue was up 10.7% compared to the same quarter last year. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. Equities research analysts predict that Adobe Inc. will post 16.65 EPS for the current year.

Adobe Profile

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.