Aberdeen Group plc Boosts Position in Adobe Inc. $ADBE

Key Points

• Aberdeen Group plc increased its holdings in Adobe Inc. by 9.5%, owning approximately 0.13% of the company after acquiring an additional 46,541 shares.
• Adobe's latest quarterly earnings report showed an EPS of $5.31, beating expectations, with revenue reaching $5.99 billion, a 10.7% increase year-over-year.
• Despite rising institutional interest, Adobe has received mixed ratings from analysts, with a consensus rating of "Hold" and an average price target of $433.41.

Aberdeen Group plc increased its holdings in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 9.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 538,195 shares of the software company's stock after purchasing an additional 46,541 shares during the quarter. Aberdeen Group plc owned approximately 0.13% of Adobe worth $207,905,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. 1248 Management LLC acquired a new position in Adobe in the first quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Adobe in the first quarter valued at $26,000. Flaharty Asset Management LLC acquired a new position in Adobe in the first quarter valued at $29,000. HHM Wealth Advisors LLC acquired a new position in Adobe in the first quarter valued at $30,000. Finally, Garde Capital Inc. acquired a new position in Adobe in the first quarter valued at $34,000. Institutional investors and hedge funds own 81.79% of the company's stock.

Adobe Price Performance

Shares of NASDAQ:ADBE opened at $337.51 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. The company has a market cap of $141.28 billion, a P/E ratio of 21.03, a PEG ratio of 1.56 and a beta of 1.49. Adobe Inc. has a 52 week low of $330.04 and a 52 week high of $557.90. The company has a 50-day moving average price of $351.67 and a 200 day moving average price of $370.78.

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Phillip Securities upgraded shares of Adobe from a "moderate sell" rating to a "strong-buy" rating in a research note on Monday, June 16th. Royal Bank Of Canada decreased their target price on shares of Adobe from $480.00 to $430.00 and set an "outperform" rating for the company in a research note on Monday, September 8th. Rothschild & Co Redburn downgraded shares of Adobe from a "neutral" rating to a "sell" rating and set a $280.00 target price for the company. in a research note on Wednesday, July 2nd. Robert W. Baird increased their target price on shares of Adobe from $410.00 to $425.00 and gave the stock a "neutral" rating in a research note on Monday, June 16th. Finally, Wall Street Zen upgraded shares of Adobe from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $433.41.

Adobe Company 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.

Want to see what other hedge funds are holding ADBE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Adobe Inc. (NASDAQ:ADBE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.