Adobe Inc. $ADBE Shares Acquired by Applied Capital LLC FL

Key Points

• Applied Capital LLC FL increased its stake in Adobe Inc. by 186.7% during the second quarter, acquiring an additional 1,180 shares for a total of 1,812 shares valued at $701,000.
• Brokerage analysts have mixed opinions on Adobe, with Barclays raising their price target to $465, while Royal Bank Of Canada lowered theirs to $430.
• Adobe reported $5.31 earnings per share for the last quarter, exceeding analyst expectations, and projected 20.800-20.850 EPS for FY 2025.

Applied Capital LLC FL increased its holdings in Adobe Inc. (NASDAQ:ADBE - Free Report) by 186.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,812 shares of the software company's stock after acquiring an additional 1,180 shares during the quarter. Applied Capital LLC FL's holdings in Adobe were worth $701,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. 1248 Management LLC acquired a new stake in Adobe during the 1st quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Adobe in the first quarter valued at approximately $26,000. Flaharty Asset Management LLC purchased a new stake in shares of Adobe during the first quarter worth approximately $29,000. HHM Wealth Advisors LLC acquired a new stake in shares of Adobe during the first quarter worth $30,000. Finally, Garde Capital Inc. purchased a new position in Adobe in the 1st quarter valued at $34,000. Institutional investors and hedge funds own 81.79% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on ADBE. Barclays upped their price objective on shares of Adobe from $460.00 to $465.00 and gave the stock an "overweight" rating in a research report on Friday, September 12th. Royal Bank Of Canada cut their price target on shares of Adobe from $480.00 to $430.00 and set an "outperform" rating for the company in a report on Monday, September 8th. Piper Sandler lowered their price objective on Adobe from $500.00 to $470.00 and set an "overweight" rating on the stock in a report on Friday, September 12th. Bank of America increased their target price on Adobe from $424.00 to $475.00 and gave the stock a "buy" rating in a research note on Friday, June 13th. Finally, Stifel Nicolaus decreased their price target on Adobe from $525.00 to $480.00 and set a "buy" rating on the stock in a research note on Friday, June 13th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Adobe currently has a consensus rating of "Hold" and an average price target of $433.41.

Adobe Price Performance

Shares of NASDAQ:ADBE opened at $337.51 on Friday. The firm has a market capitalization of $141.28 billion, a price-to-earnings ratio of 21.03, a price-to-earnings-growth ratio of 1.56 and a beta of 1.49. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02. The business's 50 day simple moving average is $351.67 and its 200-day simple moving average is $370.78. Adobe Inc. has a 12 month low of $330.04 and a 12 month high of $557.90.

Adobe (NASDAQ:ADBE - Get Free Report) last issued its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.18 by $0.13. The firm had revenue of $5.99 billion during the quarter, compared to analysts' expectations of $5.91 billion. Adobe had a return on equity of 57.54% and a net margin of 30.01%.Adobe's revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm posted $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. As a group, equities analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

About Adobe

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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