Clare Market Investments LLC Purchases 4,619 Shares of Adobe Inc. $ADBE

Key Points

• Clare Market Investments LLC significantly increased its stake in Adobe Inc., raising it by 242.5% in Q2 to a total of 6,524 shares worth approximately $2.5 million.
• Various other institutional investors have also ramped up their stakes in Adobe, with 81.79% of the company's stock now owned by institutional investors.
• Analysts have mixed opinions on Adobe's stock, with current target prices ranging from $280 to $465 and an average rating of "Moderate Buy".

Clare Market Investments LLC boosted its holdings in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 242.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,524 shares of the software company's stock after buying an additional 4,619 shares during the quarter. Clare Market Investments LLC's holdings in Adobe were worth $2,524,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. RB Capital Management LLC increased its stake 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 worth $2,198,000 after purchasing an additional 22 shares during the period. Orin Green Financial LLC increased its stake 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 worth $276,000 after purchasing an additional 23 shares during the period. Schmidt P J Investment Management Inc. increased its stake in shares of Adobe by 2.9% in the first quarter. Schmidt P J Investment Management Inc. now owns 896 shares of the software company's stock worth $344,000 after purchasing an additional 25 shares during the period. GS Investments Inc. increased its stake in shares of Adobe by 0.3% in the first quarter. GS Investments Inc. now owns 7,563 shares of the software company's stock worth $2,901,000 after purchasing an additional 26 shares during the period. Finally, Ted Buchan & Co increased its stake in shares of Adobe by 1.9% in the first quarter. Ted Buchan & Co now owns 1,368 shares of the software company's stock worth $525,000 after purchasing an additional 26 shares during the period. 81.79% of the stock is owned by institutional investors and hedge funds.

Adobe Price Performance

NASDAQ ADBE traded down $1.82 during trading on Monday, reaching $364.08. 4,704,525 shares of the company traded hands, compared to its average volume of 5,210,053. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.99 and a current ratio of 1.02. The stock's 50 day moving average price is $355.82 and its two-hundred day moving average price is $375.39. The company has a market cap of $154.44 billion, a price-to-earnings ratio of 22.68, a P/E/G ratio of 1.64 and a beta of 1.48. Adobe Inc. has a 1-year low of $330.04 and a 1-year high of $557.90.

Adobe (NASDAQ:ADBE - Get Free Report) last released its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, beating analysts' consensus estimates of $5.18 by $0.13. The company had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.91 billion. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The company's quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the business earned $4.65 earnings per share. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. As a group, analysts anticipate that Adobe Inc. will post 16.65 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on ADBE. JMP Securities reiterated a "market perform" rating on shares of Adobe in a research note on Friday, September 12th. Wall Street Zen raised Adobe from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Bank of America lifted their target price on Adobe from $424.00 to $475.00 and gave the stock a "buy" rating in a research report on Friday, June 13th. Wells Fargo & Company reissued an "overweight" rating and set a $470.00 target price (up from $430.00) on shares of Adobe in a research report on Friday, June 13th. Finally, Evercore ISI decreased their target price on Adobe from $475.00 to $450.00 and set an "outperform" rating on the stock in a research report on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Adobe currently has a consensus rating of "Moderate Buy" and a consensus price target of $435.63.

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.