Adobe Inc. $ADBE Shares Purchased by Evergreen Capital Management LLC

Key Points

• Evergreen Capital Management LLC significantly increased its stake in Adobe Inc. by 88.3% during the first quarter, now holding a total of 6,069 shares valued at approximately $2.33 million.
• Adobe reported quarterly earnings of $5.06 EPS, surpassing analyst expectations, with revenues of $5.87 billion, marking a 10.6% year-over-year growth.
• Analysts generally maintain positive sentiment towards Adobe, with a majority rating it as a Moderate Buy and setting an average price target of $466.42.

Evergreen Capital Management LLC boosted its holdings in Adobe Inc. (NASDAQ:ADBE - Free Report) by 88.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,069 shares of the software company's stock after purchasing an additional 2,846 shares during the quarter. Evergreen Capital Management LLC's holdings in Adobe were worth $2,328,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. RB Capital Management LLC raised its holdings in shares of Adobe by 0.4% in the 4th quarter. RB Capital Management LLC now owns 4,944 shares of the software company's stock valued at $2,198,000 after buying an additional 22 shares during the period. Orin Green Financial LLC increased its holdings in Adobe by 3.8% during the 4th 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. Diligent Investors LLC increased its holdings in Adobe by 1.2% during the 4th quarter. Diligent Investors LLC now owns 2,160 shares of the software company's stock worth $961,000 after purchasing an additional 26 shares during the period. Second Line Capital LLC increased its holdings in Adobe by 3.5% during the 4th 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. Finally, Vista Investment Management increased its holdings in shares of Adobe by 3.1% in the 4th quarter. Vista Investment Management now owns 875 shares of the software company's stock valued at $389,000 after acquiring an additional 26 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors.

Adobe Price Performance

Adobe stock traded up $2.87 during mid-day trading on Wednesday, hitting $348.50. 2,999,025 shares of the company were exchanged, compared to its average volume of 3,745,702. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.99 and a quick ratio of 0.99. The business's 50 day simple moving average is $362.73 and its two-hundred day simple moving average is $384.96. The company has a market capitalization of $147.83 billion, a P/E ratio of 22.30, a PEG 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.

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 business had revenue of $5.87 billion for the quarter, compared to analysts' expectations of $5.80 billion. During the same quarter last year, the firm earned $4.48 earnings per share. The business's revenue was up 10.6% on a year-over-year basis. Adobe has set its Q3 2025 guidance at 5.150-5.200 EPS. FY 2025 guidance at 20.500-20.700 EPS. Analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ADBE shares. Oppenheimer decreased their target price on Adobe from $530.00 to $500.00 and set an "outperform" rating for the company in a research report on Friday, June 13th. Rothschild & Co Redburn cut 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. Evercore ISI reissued an "outperform" rating and set a $475.00 target price on shares of Adobe in a research note on Friday, June 13th. Mizuho cut their target price on Adobe from $575.00 to $530.00 and set an "outperform" rating for the company in a research note on Friday, June 13th. Finally, Phillip Securities raised Adobe from a "moderate sell" rating to a "strong-buy" rating in a research note on Monday, June 16th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price 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.