Adobe Inc. $ADBE Shares Acquired by NBC Securities Inc.

Key Points

• NBC Securities Inc. increased its stake in Adobe by 17.6%, owning a total of 7,164 shares valued at approximately $2.77 million.
• Adobe reported earnings per share of $5.31 for the last quarter, exceeding expectations, with a revenue of $5.99 billion, a 10.7% increase year-over-year.
• The stock has a consensus rating of "Moderate Buy" among analysts, with a price target averaging $435.63.

NBC Securities Inc. raised its position in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 17.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,164 shares of the software company's stock after acquiring an additional 1,072 shares during the quarter. NBC Securities Inc.'s holdings in Adobe were worth $2,771,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Boltwood Capital Management raised its holdings in shares of Adobe by 2.0% during the second quarter. Boltwood Capital Management now owns 1,906 shares of the software company's stock valued at $737,000 after acquiring an additional 38 shares during the last quarter. Gallacher Capital Management LLC increased its holdings in shares of Adobe by 17.0% in the second quarter. Gallacher Capital Management LLC now owns 702 shares of the software company's stock valued at $272,000 after purchasing an additional 102 shares during the last quarter. Investors Research Corp increased its holdings in shares of Adobe by 3.4% in the second quarter. Investors Research Corp now owns 1,504 shares of the software company's stock valued at $582,000 after purchasing an additional 50 shares during the last quarter. Teamwork Financial Advisors LLC increased its holdings in shares of Adobe by 12.8% in the second quarter. Teamwork Financial Advisors LLC now owns 6,267 shares of the software company's stock valued at $2,425,000 after purchasing an additional 711 shares during the last quarter. Finally, Capital Asset Advisory Services LLC increased its holdings in shares of Adobe by 2.3% in the second quarter. Capital Asset Advisory Services LLC now owns 2,821 shares of the software company's stock valued at $1,106,000 after purchasing an additional 64 shares during the last quarter. Institutional investors and hedge funds own 81.79% of the company's stock.

Adobe Price Performance

ADBE stock opened at $349.36 on Monday. Adobe Inc. has a 1 year low of $330.04 and a 1 year high of $557.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.99 and a current ratio of 1.02. The stock's 50 day moving average price is $357.32 and its 200 day moving average price is $378.97. The firm has a market cap of $148.20 billion, a P/E ratio of 21.77, a PEG ratio of 1.65 and a beta of 1.48.

Adobe (NASDAQ:ADBE - Get Free Report) last posted its earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.18 by $0.13. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The firm had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.91 billion. During the same quarter in the prior year, the company earned $4.65 EPS. 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. On average, sell-side analysts expect that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on ADBE. Royal Bank Of Canada cut their price target on Adobe from $480.00 to $430.00 and set an "outperform" rating for the company in a report on Monday, September 8th. UBS Group cut their price target on Adobe from $400.00 to $375.00 and set a "neutral" rating for the company in a report on Friday. Phillip Securities raised Adobe from a "moderate sell" rating to a "strong-buy" rating in a report on Monday, June 16th. Redburn Atlantic lowered Adobe from a "hold" rating to a "strong sell" rating and lowered their price objective for the stock from $420.00 to $280.00 in a research report on Wednesday, July 2nd. Finally, Rothschild & Co Redburn lowered Adobe from a "neutral" rating to a "sell" rating and set a $280.00 price objective for the company. in a research report on Wednesday, July 2nd. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Adobe presently has a consensus rating of "Moderate Buy" and a consensus price target of $435.63.

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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