AIMZ Investment Advisors LLC Grows Stock Position in Adobe Inc. $ADBE

Key Points

• AIMZ Investment Advisors LLC increased its holdings in Adobe Inc. by 82.9% during the first quarter, owning a total of 11,340 shares valued at approximately $4.35 million.
• Adobe's stock currently has a market cap of $153.60 billion and reported earnings of $5.06 EPS for the last quarter, exceeding analyst expectations.
• Equity analysts have a consensus rating of "Moderate Buy" for Adobe, with target prices ranging significantly, including a low of $280.00 and a high of $475.00.

AIMZ Investment Advisors LLC lifted its holdings in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 82.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,340 shares of the software company's stock after purchasing an additional 5,141 shares during the quarter. Adobe comprises approximately 1.5% of AIMZ Investment Advisors LLC's investment portfolio, making the stock its 20th biggest position. AIMZ Investment Advisors LLC's holdings in Adobe were worth $4,349,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Siemens Fonds Invest GmbH grew its position in Adobe by 252.9% in the 4th quarter. Siemens Fonds Invest GmbH now owns 55,658 shares of the software company's stock valued at $25,000 after acquiring an additional 39,888 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Adobe in the first quarter worth $26,000. SWAN Capital LLC purchased a new stake in shares of Adobe during the fourth quarter worth $28,000. Copia Wealth Management acquired a new stake in shares of Adobe in the fourth quarter valued at $28,000. Finally, HHM Wealth Advisors LLC purchased a new position in Adobe in the first quarter valued at $30,000. Institutional investors and hedge funds own 81.79% of the company's stock.

Analyst Ratings Changes

ADBE has been the subject of a number of analyst reports. Phillip Securities raised Adobe from a "moderate sell" rating to a "strong-buy" rating in a research report on Monday, June 16th. Rothschild & Co Redburn cut shares of Adobe from a "neutral" rating to a "sell" rating and set a $280.00 price objective for the company. in a research report on Wednesday, July 2nd. 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 report on Friday, June 13th. Citigroup lowered their price target on Adobe from $465.00 to $450.00 and set a "neutral" rating for the company in a report on Monday, June 16th. Finally, UBS Group increased their price target on shares of Adobe from $380.00 to $430.00 and gave the company a "neutral" rating in a research note on Monday, June 9th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Adobe currently has an average rating of "Moderate Buy" and a consensus price target of $467.58.

Adobe Stock Performance

Shares of Adobe stock traded up $1.44 during trading hours on Wednesday, hitting $356.35. 2,333,192 shares of the company were exchanged, compared to its average volume of 3,758,295. The business has a 50-day moving average of $365.25 and a 200-day moving average of $388.59. Adobe Inc. has a 1 year low of $330.04 and a 1 year high of $587.75. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $151.16 billion, a price-to-earnings ratio of 22.80, a P/E/G ratio of 1.72 and a beta of 1.51.

Adobe (NASDAQ:ADBE - Get Free Report) last released its earnings results on Thursday, June 12th. The software company reported $5.06 EPS for the quarter, topping the consensus estimate of $4.97 by $0.09. The company had revenue of $5.87 billion during 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% on a year-over-year basis. During the same quarter last year, the business earned $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, analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.

About Adobe

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.