Adobe Inc. $ADBE Shares Purchased by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management L.L.C. has increased its stake in Adobe Inc. by 14.4%, now owning 8,689 shares valued at approximately $3,332,000.
• Adobe reported earnings of $5.06 per share for the last quarter, surpassing expectations, along with a revenue of $5.87 billion, which was also above estimates.
• Analyst ratings for Adobe vary, with a consensus rating of "Moderate Buy" and a price target average of $467.58, reflecting differing opinions on the company's stock performance.

Landscape Capital Management L.L.C. increased its stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 14.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,689 shares of the software company's stock after purchasing an additional 1,094 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Adobe were worth $3,332,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Garde Capital Inc. acquired a new position in Adobe during the 1st quarter worth $34,000. PFG Advisors lifted its holdings in Adobe by 20.8% during the 1st quarter. PFG Advisors now owns 4,964 shares of the software company's stock worth $1,904,000 after buying an additional 855 shares during the last quarter. Krane Funds Advisors LLC lifted its holdings in Adobe by 110.4% during the 1st quarter. Krane Funds Advisors LLC now owns 1,391 shares of the software company's stock worth $533,000 after buying an additional 730 shares during the last quarter. Financial Counselors Inc. lifted its holdings in Adobe by 9.2% during the 1st quarter. Financial Counselors Inc. now owns 62,851 shares of the software company's stock worth $24,105,000 after buying an additional 5,298 shares during the last quarter. Finally, Koss Olinger Consulting LLC purchased a new stake in Adobe during the 1st quarter worth about $305,000. 81.79% of the stock is owned by institutional investors and hedge funds.

Adobe Stock Up 0.4%

Adobe stock opened at $356.35 on Thursday. Adobe Inc. has a fifty-two week low of $330.04 and a fifty-two week high of $587.75. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $151.16 billion, a P/E ratio of 22.80, a PEG ratio of 1.68 and a beta of 1.51. The stock has a 50-day simple moving average of $364.81 and a 200-day simple moving average of $388.37.

Adobe (NASDAQ:ADBE - Get Free Report) last posted its earnings results on Thursday, June 12th. The software company reported $5.06 earnings per share for the quarter, beating the consensus estimate of $4.97 by $0.09. The business had revenue of $5.87 billion during 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 business's quarterly revenue was up 10.6% on a year-over-year basis. During the same period 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. Equities research analysts expect that Adobe Inc. will post 16.65 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on ADBE shares. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $480.00 price target on shares of Adobe in a report on Thursday, June 5th. Phillip Securities raised Adobe from a "moderate sell" rating to a "strong-buy" rating in a report on Monday, June 16th. Mizuho decreased their price target on Adobe from $575.00 to $530.00 and set an "outperform" rating for the company in a report on Friday, June 13th. Melius downgraded Adobe from a "hold" rating to a "sell" rating and set a $310.00 price target for the company. in a report on Monday, August 11th. Finally, Evercore ISI reissued an "outperform" rating and issued a $475.00 target price on shares of Adobe in a report on Friday, June 13th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Adobe presently has a consensus rating of "Moderate Buy" and a consensus price target of $467.58.

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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