AlTi Global Inc. Acquires 16,489 Shares of Adobe Inc. $ADBE

Key Points

• AlTi Global Inc. has significantly increased its holdings in Adobe Inc., acquiring an additional 16,489 shares, bringing its total to 21,413 shares valued at approximately $8.2 million.
• Adobe's recent financial results exceeded analyst expectations, with an EPS of $5.06 and revenue of $5.87 billion, marking a year-over-year revenue increase of 10.6%.
• The stock's performance shows volatility, with a current market cap of $146.62 billion and a price range over the past year between $330.04 and $587.75.

AlTi Global Inc. grew its holdings in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 334.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,413 shares of the software company's stock after buying an additional 16,489 shares during the period. AlTi Global Inc.'s holdings in Adobe were worth $8,212,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. RB Capital Management LLC increased its holdings in Adobe by 0.4% in the 4th quarter. RB Capital Management LLC now owns 4,944 shares of the software company's stock worth $2,198,000 after acquiring an additional 22 shares during the last quarter. Orin Green Financial LLC raised its holdings in shares of Adobe by 3.8% during the 4th quarter. Orin Green Financial LLC now owns 621 shares of the software company's stock valued at $276,000 after buying an additional 23 shares in the last quarter. Diligent Investors LLC increased its stake in Adobe by 1.2% in the 4th quarter. Diligent Investors LLC now owns 2,160 shares of the software company's stock worth $961,000 after purchasing an additional 26 shares during the period. Second Line Capital LLC increased its stake in Adobe by 3.5% in the 4th quarter. Second Line Capital LLC now owns 768 shares of the software company's stock worth $342,000 after purchasing an additional 26 shares during the period. Finally, Vista Investment Management increased its stake in shares of Adobe by 3.1% during the fourth quarter. Vista Investment Management now owns 875 shares of the software company's stock valued at $389,000 after buying an additional 26 shares during the period. Institutional investors own 81.79% of the company's stock.

Adobe Price Performance

Shares of Adobe stock opened at $345.63 on Wednesday. The stock has a market cap of $146.62 billion, a price-to-earnings ratio of 22.11, a price-to-earnings-growth ratio of 1.69 and a beta of 1.48. The stock has a 50 day moving average price of $362.73 and a 200-day moving average price of $384.96. Adobe Inc. has a one year low of $330.04 and a one year high of $587.75. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 0.99.

Adobe (NASDAQ:ADBE - Get Free Report) last issued its quarterly earnings results on Thursday, June 12th. The software company reported $5.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.97 by $0.09. Adobe had a return on equity of 53.68% and a net margin of 30.39%.The company had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.80 billion. During the same period last year, the company earned $4.48 earnings per share. Adobe's revenue was up 10.6% on a year-over-year basis. Adobe has set its Q3 2025 guidance at 5.150-5.200 EPS. FY 2025 guidance at 20.500-20.700 EPS. Equities analysts expect that Adobe Inc. will post 16.65 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ADBE shares. Royal Bank Of Canada reissued an "outperform" rating and set a $480.00 target price on shares of Adobe in a research note on Thursday, June 5th. Mizuho dropped their target price on Adobe from $575.00 to $530.00 and set an "outperform" rating on the stock in a report on Friday, June 13th. Bank of America upped their price target on Adobe from $424.00 to $475.00 and gave the company a "buy" rating in a report on Friday, June 13th. Phillip Securities raised Adobe from a "moderate sell" rating to a "strong-buy" rating in a report on Monday, June 16th. Finally, Melius cut Adobe from a "hold" rating to a "sell" rating and set a $310.00 price objective for the company. in a research report on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Adobe has an average rating of "Moderate Buy" and a consensus target price of $459.52.

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.

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