Adobe Inc. $ADBE Shares Purchased by EP Wealth Advisors LLC

Key Points

• EP Wealth Advisors LLC has increased its stake in Adobe Inc. by 7.4%, now owning 48,703 shares valued at approximately $18.68 million.
• Adobe reported earnings of $5.06 per share in its latest quarter, surpassing analyst expectations, with revenue also exceeding estimates at $5.87 billion.
• The stock has seen significant investment activity, with 81.79% of its shares held by hedge funds and institutional investors, demonstrating strong market interest.

EP Wealth Advisors LLC boosted its stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 7.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 48,703 shares of the software company's stock after buying an additional 3,357 shares during the period. EP Wealth Advisors LLC's holdings in Adobe were worth $18,679,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Adobe by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 41,143,835 shares of the software company's stock valued at $15,779,895,000 after buying an additional 171,547 shares in the last quarter. Bank of New York Mellon Corp increased its position in Adobe by 14.4% during the first quarter. Bank of New York Mellon Corp now owns 6,530,611 shares of the software company's stock worth $2,504,685,000 after purchasing an additional 821,293 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Adobe by 12.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,341,695 shares of the software company's stock worth $2,375,345,000 after purchasing an additional 600,146 shares during the last quarter. Goldman Sachs Group Inc. increased its position 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 purchasing an additional 1,856,544 shares during the last quarter. Finally, Deutsche Bank AG increased its position in Adobe by 6.8% during the first quarter. Deutsche Bank AG now owns 3,735,509 shares of the software company's stock worth $1,432,680,000 after purchasing an additional 238,542 shares during the last quarter. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Adobe Price Performance

ADBE stock opened at $345.63 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $146.62 billion, a PE ratio of 22.11, a P/E/G ratio of 1.69 and a beta of 1.48. Adobe Inc. has a 12-month low of $330.04 and a 12-month high of $587.75. The business's fifty day moving average price is $362.73 and its 200 day moving average price is $384.96.

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, beating the consensus estimate of $4.97 by $0.09. The firm had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.80 billion. Adobe had a return on equity of 53.68% and a net margin of 30.39%.The company's quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.48 EPS. Adobe has set its Q3 2025 guidance at 5.150-5.200 EPS. FY 2025 guidance at 20.500-20.700 EPS. On average, sell-side analysts anticipate that Adobe Inc. will post 16.65 EPS for the current year.

Analysts Set New Price Targets

ADBE has been the subject of several recent analyst reports. JMP Securities restated a "market perform" rating on shares of Adobe in a research report on Monday, June 23rd. Melius downgraded Adobe from a "hold" rating to a "sell" rating and set a $310.00 target price on the stock. in a research report on Monday, August 11th. Oppenheimer reduced their target price on Adobe from $530.00 to $500.00 and set an "outperform" rating on the stock in a research report on Friday, June 13th. Robert W. Baird lifted their target price on Adobe from $410.00 to $425.00 and gave the company a "neutral" rating in a research report on Monday, June 16th. Finally, Mizuho reduced their target price on Adobe from $575.00 to $530.00 and set an "outperform" rating on the stock in a research report on Friday, June 13th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock 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.

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