Adobe Inc. $ADBE Shares Bought by Apexium Financial LP

Key Points

• Apexium Financial LP increased its stake in Adobe Inc. by 28.7% during the first quarter, acquiring an additional 785 shares to reach a total of 3,524 shares valued at approximately $1.35 million.
• Adobe recently reported $5.06 earnings per share for the last quarter, exceeding analyst expectations, and saw a revenue increase of 10.6% year-over-year, totaling $5.87 billion.
• Various analysts have recently issued mixed ratings for Adobe’s stock, with price targets ranging from $280 to $475, highlighting a consensus rating of Moderate Buy.

Apexium Financial LP grew its stake in Adobe Inc. (NASDAQ:ADBE - Free Report) by 28.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,524 shares of the software company's stock after purchasing an additional 785 shares during the period. Apexium Financial LP's holdings in Adobe were worth $1,352,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC grew its holdings in Adobe by 46,806.6% during the first quarter. GAMMA Investing LLC now owns 2,990,767 shares of the software company's stock worth $1,147,049,000 after acquiring an additional 2,984,391 shares during the period. Goldman Sachs Group Inc. grew its holdings in Adobe by 68.3% during the first quarter. Goldman Sachs Group Inc. now owns 4,575,792 shares of the software company's stock worth $1,754,954,000 after acquiring an additional 1,856,544 shares during the period. Nuveen LLC acquired a new position in Adobe during the first quarter worth $607,443,000. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in Adobe by 1,482.7% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,298,389 shares of the software company's stock worth $498,000 after acquiring an additional 1,216,351 shares during the period. Finally, Two Sigma Advisers LP grew its holdings in Adobe by 1,414.5% during the fourth quarter. Two Sigma Advisers LP now owns 889,000 shares of the software company's stock worth $395,321,000 after acquiring an additional 830,300 shares during the period. Institutional investors and hedge funds own 81.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ADBE. BMO Capital Markets reaffirmed an "outperform" rating and set a $450.00 price objective on shares of Adobe in a report on Friday, June 13th. Stifel Nicolaus decreased their target price on Adobe from $525.00 to $480.00 and set a "buy" rating on the stock in a research report on Friday, June 13th. DA Davidson reiterated a "buy" rating and set a $500.00 target price on shares of Adobe in a research report on Friday, June 20th. Redburn Atlantic downgraded Adobe from a "hold" rating to a "strong sell" rating and decreased their target price for the stock from $420.00 to $280.00 in a research report on Wednesday, July 2nd. Finally, Wells Fargo & Company reiterated an "overweight" rating and set a $470.00 target price (up from $430.00) on shares of Adobe in a research report on Friday, June 13th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $467.58.

Adobe Trading Up 0.4%

NASDAQ ADBE traded up $1.44 during trading hours on Wednesday, hitting $356.35. 2,351,841 shares of the company's stock were exchanged, compared to its average volume of 3,758,295. The business's 50 day moving average is $365.25 and its 200-day moving average is $388.59. Adobe Inc. has a 12-month low of $330.04 and a 12-month high of $587.75. The firm has a market capitalization of $151.16 billion, a P/E ratio of 22.80, a price-to-earnings-growth ratio of 1.72 and a beta of 1.51. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 0.99.

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