Advisors Management Group Inc. ADV Buys 3,446 Shares of Adobe Inc. $ADBE

Key Points

• Advisors Management Group Inc. increased its stake in Adobe Inc. by 29.5%, acquiring an additional 3,446 shares, resulting in a total holding of 15,124 shares valued at approximately $5.85 million.
• Despite mixed analyst ratings, Adobe's stock has a consensus price target of $433.41, reflecting a mix of strong buy and hold ratings from various brokerages.
• Adobe's most recent quarterly earnings report showed an EPS of $5.31, surpassing expectations and indicating a year-over-year revenue growth of 10.7%.

Advisors Management Group Inc. ADV lifted its stake in Adobe Inc. (NASDAQ:ADBE - Free Report) by 29.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,124 shares of the software company's stock after acquiring an additional 3,446 shares during the period. Adobe makes up about 1.1% of Advisors Management Group Inc. ADV's holdings, making the stock its 26th largest holding. Advisors Management Group Inc. ADV's holdings in Adobe were worth $5,851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Schmidt P J Investment Management Inc. boosted its holdings 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 acquiring an additional 25 shares during the period. GS Investments Inc. boosted its holdings 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 acquiring an additional 26 shares during the period. Ted Buchan & Co boosted its holdings 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 acquiring an additional 26 shares during the period. Lifeworks Advisors LLC boosted its holdings in shares of Adobe by 3.6% in the first quarter. Lifeworks Advisors LLC now owns 786 shares of the software company's stock worth $301,000 after acquiring an additional 27 shares during the period. Finally, VanderPol Investments L.L.C. boosted its holdings in shares of Adobe by 5.2% in the first quarter. VanderPol Investments L.L.C. now owns 546 shares of the software company's stock worth $209,000 after acquiring an additional 27 shares during the period. 81.79% of the stock is owned by institutional investors.

Adobe Price Performance

Shares of Adobe stock opened at $360.37 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $150.85 billion, a PE ratio of 22.45, a price-to-earnings-growth ratio of 1.59 and a beta of 1.48. The business's 50-day moving average price is $355.25 and its 200-day moving average price is $374.08. Adobe Inc. has a 12 month low of $330.04 and a 12 month high of $557.90.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on ADBE. Bank of America increased their price objective 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 reiterated an "overweight" rating and issued a $470.00 price objective (up previously from $430.00) on shares of Adobe in a research report on Friday, June 13th. Morgan Stanley downgraded Adobe from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $520.00 to $450.00 in a research report on Wednesday. BMO Capital Markets lowered their price objective on Adobe from $450.00 to $405.00 and set an "outperform" rating on the stock in a research report on Friday, September 12th. Finally, Redburn Partners set a $280.00 price objective on Adobe in a research report on Monday, September 1st. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $433.41.

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.

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