Martin Investment Management LLC Acquires 3,158 Shares of Adobe Inc. $ADBE

Key Points

• Martin Investment Management LLC increased its stake in Adobe Inc. by 28.7%, now holding 14,161 shares worth approximately $5.43 million.
• Adobe's stock has a consensus rating of "Moderate Buy" among analysts, with an average target price of $467.58.
• The company reported EPS of $5.06 for the last quarter, surpassing estimates, with revenue growth of 10.6% year-over-year.

Martin Investment Management LLC raised its holdings in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 28.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,161 shares of the software company's stock after purchasing an additional 3,158 shares during the period. Adobe comprises about 1.4% of Martin Investment Management LLC's portfolio, making the stock its 28th largest holding. Martin Investment Management LLC's holdings in Adobe were worth $5,431,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Eagle Strategies LLC boosted its position in shares of Adobe by 1.5% in the fourth quarter. Eagle Strategies LLC now owns 1,465 shares of the software company's stock valued at $651,000 after acquiring an additional 22 shares during the period. RB Capital Management LLC boosted its position in shares of Adobe by 0.4% in the fourth quarter. RB Capital Management LLC now owns 4,944 shares of the software company's stock valued at $2,198,000 after acquiring an additional 22 shares during the period. Orin Green Financial LLC boosted its position in shares of Adobe by 3.8% in the fourth quarter. Orin Green Financial LLC now owns 621 shares of the software company's stock valued at $276,000 after acquiring an additional 23 shares during the period. Diligent Investors LLC boosted its position in shares of Adobe by 1.2% in the fourth quarter. Diligent Investors LLC now owns 2,160 shares of the software company's stock valued at $961,000 after acquiring an additional 26 shares during the period. Finally, Second Line Capital LLC raised its stake in shares of Adobe by 3.5% in the fourth quarter. Second Line Capital LLC now owns 768 shares of the software company's stock valued at $342,000 after purchasing an additional 26 shares in the last quarter. Institutional investors own 81.79% of the company's stock.

Adobe Price Performance

Adobe stock traded up $8.66 during mid-day trading on Friday, hitting $362.09. 3,055,589 shares of the company were exchanged, compared to its average volume of 3,743,152. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.54. The business has a fifty day moving average of $366.57 and a 200 day moving average of $389.97. Adobe Inc. has a 1-year low of $330.04 and a 1-year high of $587.75. The company has a market capitalization of $153.60 billion, a PE ratio of 23.17, a price-to-earnings-growth ratio of 1.68 and a beta of 1.51.

Adobe (NASDAQ:ADBE - Get Free Report) last released 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 firm had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.80 billion. During the same period in the prior year, the company posted $4.48 earnings per share. The business's revenue for the quarter 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. As a group, sell-side analysts expect that Adobe Inc. will post 16.65 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on ADBE. Rothschild & Co Redburn lowered Adobe from a "neutral" rating to a "sell" rating and set a $280.00 target price for the company. in a research note on Wednesday, July 2nd. JMP Securities restated a "market perform" rating on shares of Adobe in a research note on Monday, June 23rd. Melius lowered Adobe from a "hold" rating to a "sell" rating and set a $310.00 target price for the company. in a research note on Monday, August 11th. Bank of America upped their target price on Adobe from $424.00 to $475.00 and gave the company a "buy" rating in a research note on Friday, June 13th. Finally, Stifel Nicolaus cut their target price on Adobe from $525.00 to $480.00 and set a "buy" rating for the company in a research note on Friday, June 13th. Two equities research 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's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $467.58.

Adobe Company 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.