Siren L.L.C. Grows Stock Position in Adobe Inc. $ADBE

Key Points

• Siren L.L.C. increased its position in Adobe Inc. by 119.3%, acquiring 10,500 additional shares and holding a total of 19,298 shares valued at approximately $7.4 million.
• Institutional investors own 81.79% of Adobe's stock, with several hedge funds significantly increasing their holdings in recent quarters.
• Despite strong earnings reports, several analysts have lowered their ratings and target prices for Adobe, indicating a cautious outlook for the stock.

Siren L.L.C. lifted its position in Adobe Inc. (NASDAQ:ADBE - Free Report) by 119.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,298 shares of the software company's stock after purchasing an additional 10,500 shares during the quarter. Siren L.L.C.'s holdings in Adobe were worth $7,401,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Siemens Fonds Invest GmbH lifted its holdings in Adobe by 252.9% in the fourth quarter. Siemens Fonds Invest GmbH now owns 55,658 shares of the software company's stock valued at $25,000 after acquiring an additional 39,888 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new position in Adobe in the first quarter valued at approximately $26,000. SWAN Capital LLC purchased a new stake in shares of Adobe in the fourth quarter valued at approximately $28,000. Copia Wealth Management acquired a new position in shares of Adobe during the 4th quarter worth approximately $28,000. Finally, HHM Wealth Advisors LLC acquired a new position in shares of Adobe during the 1st quarter worth approximately $30,000. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Adobe Stock Up 0.8%

ADBE stock traded up $2.74 during trading on Monday, hitting $356.70. 2,637,158 shares of the company's stock were exchanged, compared to its average volume of 3,582,848. The business has a 50-day moving average price of $363.93 and a two-hundred day moving average price of $385.96. The stock has a market capitalization of $151.31 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 1.69 and a beta of 1.48. Adobe Inc. has a 52-week low of $330.04 and a 52-week high of $587.75. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54.

Adobe (NASDAQ:ADBE - Get Free Report) last released its quarterly earnings results on Thursday, June 12th. The software company reported $5.06 EPS for the quarter, topping the consensus estimate of $4.97 by $0.09. The company had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.80 billion. Adobe had a return on equity of 53.68% and a net margin of 30.39%.The firm's revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.48 earnings per share. 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, equities research analysts expect that Adobe Inc. will post 16.65 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Wall Street Zen downgraded Adobe from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Melius cut Adobe from a "hold" rating to a "sell" rating and set a $310.00 price target for the company. in a research report on Monday, August 11th. DA Davidson reiterated a "buy" rating and set a $500.00 price target on shares of Adobe in a research report on Friday, June 20th. Robert W. Baird upped their price target on Adobe from $410.00 to $425.00 and gave the company a "neutral" rating in a research note on Monday, June 16th. Finally, Rothschild & Co Redburn lowered Adobe from a "neutral" rating to a "sell" rating and set a $280.00 target price on the stock. in a research note on Wednesday, July 2nd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Adobe currently has an average rating of "Moderate Buy" and an average price target of $459.52.

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.