Adobe Inc. $ADBE Shares Purchased by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd increased its stake in Adobe Inc. by 224.6% during the first quarter, owning a total of 6,525 shares valued at approximately $2.5 million.
• Wall Street analysts have mixed ratings on Adobe, with an average rating of "Moderate Buy" and a target price around $452.67, influenced by various target price adjustments from different firms.
• Adobe reported $5.06 EPS for the last quarter, exceeding estimates, with revenue growth of 10.6% year-over-year, and offers guidance for Q3 FY2025 EPS in the range of 5.150-5.200.

Dynamic Technology Lab Private Ltd grew its stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 224.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,525 shares of the software company's stock after acquiring an additional 4,515 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Adobe were worth $2,503,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. RB Capital Management LLC lifted its holdings in shares of Adobe by 0.4% during the fourth quarter. RB Capital Management LLC now owns 4,944 shares of the software company's stock worth $2,198,000 after purchasing an additional 22 shares during the period. Orin Green Financial LLC lifted its holdings 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 purchasing an additional 23 shares during the period. Second Line Capital LLC lifted its holdings 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 purchasing an additional 26 shares during the period. Vista Investment Management lifted its holdings 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 purchasing an additional 26 shares during the period. Finally, GS Investments Inc. lifted its holdings 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 purchasing an additional 26 shares during the period. Institutional investors and hedge funds own 81.79% of the company's stock.

Wall Street Analysts Forecast Growth

ADBE has been the topic of several analyst reports. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $480.00 target price on shares of Adobe in a report on Thursday, June 5th. UBS Group dropped their target price on Adobe from $430.00 to $400.00 and set a "neutral" rating on the stock in a report on Friday, August 29th. DA Davidson reaffirmed a "buy" rating and set a $500.00 target price on shares of Adobe in a report on Friday, June 20th. Wall Street Zen raised Adobe from a "hold" rating to a "buy" rating in a report on Friday. Finally, Barclays dropped their target price on Adobe from $567.00 to $460.00 and set an "overweight" rating on the stock in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Adobe presently has an average rating of "Moderate Buy" and an average target price of $452.67.

Adobe Stock Performance

NASDAQ ADBE opened at $348.97 on Friday. 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 Inc. has a twelve month low of $330.04 and a twelve month high of $587.75. The stock has a market capitalization of $148.03 billion, a price-to-earnings ratio of 22.33, a PEG ratio of 1.65 and a beta of 1.48. The stock has a 50-day moving average of $360.40 and a 200 day moving average of $382.60.

Adobe (NASDAQ:ADBE - Get Free Report) last posted 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 return on equity of 53.68% and a net margin of 30.39%.The company had revenue of $5.87 billion for the quarter, compared to analysts' expectations of $5.80 billion. During the same period in the previous year, the firm posted $4.48 EPS. Adobe's 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. Sell-side 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.

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