Vident Advisory LLC Acquires 29,400 Shares of Adobe Inc. $ADBE

Key Points

• Vident Advisory LLC increased its stake in Adobe Inc. by 22.2%, owning 161,681 shares valued at approximately $62 million as of its latest SEC filing.
• Adobe's shares opened at $353.96 and have a market cap of $150.15 billion, with analysts projecting the company to report 16.65 EPS for the current fiscal year.
• Several analysts have set new price targets for Adobe, with DA Davidson issuing a price target of $500, reflecting a consensus rating of "Moderate Buy."

Vident Advisory LLC raised its stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 22.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 161,681 shares of the software company's stock after acquiring an additional 29,400 shares during the quarter. Adobe makes up 0.9% of Vident Advisory LLC's portfolio, making the stock its 20th biggest position. Vident Advisory LLC's holdings in Adobe were worth $62,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the stock. Evergreen Capital Management LLC boosted its stake in Adobe by 88.3% during the 1st quarter. Evergreen Capital Management LLC now owns 6,069 shares of the software company's stock valued at $2,328,000 after acquiring an additional 2,846 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Adobe by 76.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,895,642 shares of the software company's stock valued at $727,038,000 after acquiring an additional 819,697 shares during the last quarter. Magnetar Financial LLC boosted its stake in Adobe by 254.0% during the 1st quarter. Magnetar Financial LLC now owns 2,581 shares of the software company's stock valued at $990,000 after acquiring an additional 1,852 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in Adobe by 110.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 983,686 shares of the software company's stock valued at $377,273,000 after acquiring an additional 516,668 shares during the last quarter. Finally, WPG Advisers LLC bought a new position in Adobe during the 1st quarter valued at $59,000. 81.79% of the stock is currently owned by institutional investors.

Adobe Stock Performance

Shares of ADBE stock traded up $2.74 during trading hours on Monday, reaching $356.70. The stock had a trading volume of 2,637,158 shares, compared to its average volume of 3,582,848. The firm has a market capitalization of $151.31 billion, a PE ratio of 22.82, a price-to-earnings-growth ratio of 1.69 and a beta of 1.48. 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 firm has a 50-day simple moving average of $363.93 and a 200-day simple moving average of $385.96. Adobe Inc. has a twelve month low of $330.04 and a twelve month high of $587.75.

Adobe (NASDAQ:ADBE - Get Free Report) last announced 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. The company had revenue of $5.87 billion for the quarter, compared to analysts' expectations of $5.80 billion. Adobe had a net margin of 30.39% and a return on equity of 53.68%. The business's revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. As a group, equities analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ADBE shares. Wells Fargo & Company restated an "overweight" rating and issued a $470.00 price target (up from $430.00) on shares of Adobe in a research report on Friday, June 13th. Bank of America raised their price target on shares of Adobe from $424.00 to $475.00 and gave the stock a "buy" rating in a research report on Friday, June 13th. Royal Bank Of Canada restated an "outperform" rating and issued a $480.00 price target on shares of Adobe in a research report on Thursday, June 5th. DA Davidson restated a "buy" rating and issued a $500.00 price target on shares of Adobe in a research report on Friday, June 20th. Finally, Redburn Partners set a $280.00 price target on shares of Adobe in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Adobe presently 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.