Adobe Inc. $ADBE Stock Holdings Increased by Clare Market Investments LLC

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 lifted its stake in Adobe Inc. (NASDAQ:ADBE - Free Report) by 242.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HF Advisory Group LLC increased its stake in shares of Adobe by 2.2% during the second quarter. HF Advisory Group LLC now owns 3,711 shares of the software company's stock worth $1,436,000 after purchasing an additional 81 shares in the last quarter. Peoples Bank KS boosted its position in shares of Adobe by 60.6% during the 2nd quarter. Peoples Bank KS now owns 1,942 shares of the software company's stock valued at $751,000 after acquiring an additional 733 shares during the last quarter. Baker Tilly Wealth Management LLC grew its stake in shares of Adobe by 6.8% in the 2nd quarter. Baker Tilly Wealth Management LLC now owns 1,082 shares of the software company's stock valued at $419,000 after buying an additional 69 shares during the period. Exchange Traded Concepts LLC increased its stake in Adobe by 151.0% during the second quarter. Exchange Traded Concepts LLC now owns 49,663 shares of the software company's stock worth $19,214,000 after acquiring an additional 29,878 shares during the last quarter. Finally, Marshall Financial Group LLC raised its holdings in Adobe by 12.4% in the 2nd quarter. Marshall Financial Group LLC now owns 5,132 shares of the software company's stock valued at $1,934,000 after buying an additional 566 shares during the period. Institutional investors and hedge funds own 81.79% of the company's stock.

Wall Street Analysts Forecast Growth

ADBE has been the topic of several research analyst reports. Wall Street Zen upgraded Adobe from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Citigroup decreased their price objective on shares of Adobe from $450.00 to $400.00 and set a "neutral" rating for the company in a research report on Thursday, September 11th. Redburn Atlantic cut Adobe from a "hold" rating to a "strong sell" rating and cut their price target for the company from $420.00 to $280.00 in a research note on Wednesday, July 2nd. Oppenheimer lowered their price objective on Adobe from $500.00 to $460.00 and set an "outperform" rating for the company in a research report on Tuesday, September 9th. Finally, Evercore ISI cut 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 analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $435.63.

Adobe Stock Down 0.4%

Shares of NASDAQ:ADBE traded down $1.56 during mid-day trading on Friday, hitting $365.90. 7,675,797 shares of the company traded hands, compared to its average volume of 4,978,333. The firm's 50 day simple moving average is $355.88 and its 200 day simple moving average is $376.98. The firm has a market cap of $155.21 billion, a P/E ratio of 22.80, a PEG ratio of 1.64 and a beta of 1.48. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.99 and a current ratio of 1.02. Adobe Inc. has a 52-week low of $330.04 and a 52-week high of $557.90.

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

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.