Adobe Inc. $ADBE Shares Bought by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. significantly increased its position in Adobe by 1,001.7%, now owning approximately 728,249 shares valued at $279.3 million.
• Other institutional investors also raised their stakes in Adobe, with GAMMA Investing LLC making a notable increase of 46,806.6%.
• Adobe reported strong quarterly earnings, with an EPS of $5.06, exceeding estimates, and revenue of $5.87 billion, marking a 10.6% year-over-year growth.

Jacobs Levy Equity Management Inc. increased its stake in Adobe Inc. (NASDAQ:ADBE - Free Report) by 1,001.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 728,249 shares of the software company's stock after purchasing an additional 662,144 shares during the quarter. Adobe makes up approximately 1.1% of Jacobs Levy Equity Management Inc.'s investment portfolio, making the stock its 13th biggest position. Jacobs Levy Equity Management Inc. owned approximately 0.17% of Adobe worth $279,305,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. RB Capital Management LLC raised its holdings in shares of Adobe by 0.4% in the fourth quarter. RB Capital Management LLC now owns 4,944 shares of the software company's stock valued at $2,198,000 after buying an additional 22 shares during the last quarter. Orin Green Financial LLC increased its stake in shares of Adobe by 3.8% during the fourth quarter. Orin Green Financial LLC now owns 621 shares of the software company's stock worth $276,000 after acquiring an additional 23 shares during the period. Second Line Capital LLC increased its stake in shares of Adobe by 3.5% during the fourth quarter. Second Line Capital LLC now owns 768 shares of the software company's stock worth $342,000 after acquiring an additional 26 shares during the period. Vista Investment Management increased its stake in shares of Adobe by 3.1% during the fourth quarter. Vista Investment Management now owns 875 shares of the software company's stock worth $389,000 after acquiring an additional 26 shares during the period. Finally, GS Investments Inc. increased its stake in shares of Adobe by 0.3% during the first quarter. GS Investments Inc. now owns 7,563 shares of the software company's stock worth $2,901,000 after acquiring an additional 26 shares during the period. 81.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ADBE. Rothschild & Co Redburn lowered shares of Adobe from a "neutral" rating to a "sell" rating and set a $280.00 price target on the stock. in a research note on Wednesday, July 2nd. Royal Bank Of Canada dropped their price target on shares of Adobe from $480.00 to $430.00 and set an "outperform" rating on the stock in a research note on Monday. Robert W. Baird boosted their price target 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. Redburn Atlantic downgraded shares of Adobe from a "hold" rating to a "strong sell" rating and decreased their price objective for the stock from $420.00 to $280.00 in a report on Wednesday, July 2nd. Finally, BMO Capital Markets reissued an "outperform" rating and set a $450.00 price objective on shares of Adobe in a report on Friday, June 13th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, Adobe currently has a consensus rating of "Moderate Buy" and a consensus target price of $446.74.

Adobe Trading Down 1.3%

ADBE stock traded down $4.60 on Tuesday, hitting $354.06. 4,304,958 shares of the company were exchanged, compared to its average volume of 3,773,515. Adobe Inc. has a twelve month low of $330.04 and a twelve month high of $587.75. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.99 and a quick ratio of 0.99. The business's fifty day moving average is $359.83 and its two-hundred day moving average is $381.50. The stock has a market capitalization of $150.19 billion, a price-to-earnings ratio of 22.65, a price-to-earnings-growth ratio of 1.65 and a beta of 1.48.

Adobe (NASDAQ:ADBE - Get Free Report) last released its quarterly earnings data on Thursday, June 12th. The software company reported $5.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.09. Adobe had a net margin of 30.39% and a return on equity of 53.68%. The company had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.80 billion. During the same quarter in the prior year, the business earned $4.48 earnings per share. The business's quarterly revenue was up 10.6% compared to the same quarter last year. Adobe has set its Q3 2025 guidance at 5.150-5.200 EPS. FY 2025 guidance at 20.500-20.700 EPS. As a group, research analysts forecast that Adobe Inc. will post 16.65 earnings per share 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.