Applied Finance Capital Management LLC Increases Stake in Adobe Inc. $ADBE

Key Points

• Applied Finance Capital Management LLC increased its stake in Adobe Inc. by 1.7% in Q2, now holding 83,152 shares valued at approximately $32.17 million.
• Adobe reported earnings per share of $5.31, surpassing estimates, with revenues reaching $5.99 billion, marking a 10.7% increase year-over-year.
• Institutional investors own 81.79% of Adobe's stock, indicating significant confidence from major financial players in the company's future performance.

Applied Finance Capital Management LLC grew its holdings in Adobe Inc. (NASDAQ:ADBE - Free Report) by 1.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 83,152 shares of the software company's stock after buying an additional 1,387 shares during the quarter. Adobe makes up 2.2% of Applied Finance Capital Management LLC's portfolio, making the stock its 10th largest position. Applied Finance Capital Management LLC's holdings in Adobe were worth $32,169,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ADBE. Sage Private Wealth Group LLC bought a new stake in Adobe during the 2nd quarter worth about $234,000. First National Bank of Mount Dora Trust Investment Services raised its stake in shares of Adobe by 0.4% in the second quarter. First National Bank of Mount Dora Trust Investment Services now owns 17,071 shares of the software company's stock worth $6,604,000 after acquiring an additional 66 shares during the last quarter. Oxbow Advisors LLC lifted its position in shares of Adobe by 3.0% during the second quarter. Oxbow Advisors LLC now owns 23,071 shares of the software company's stock worth $8,926,000 after purchasing an additional 667 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Adobe by 5.4% during the second quarter. Nordea Investment Management AB now owns 1,805,683 shares of the software company's stock valued at $702,790,000 after purchasing an additional 92,044 shares during the last quarter. Finally, Empirical Asset Management LLC grew its stake in shares of Adobe by 26.5% during the second quarter. Empirical Asset Management LLC now owns 2,453 shares of the software company's stock valued at $949,000 after purchasing an additional 514 shares during the last quarter. Institutional investors and hedge funds own 81.79% of the company's stock.

Adobe Trading Down 0.4%

NASDAQ ADBE opened at $329.23 on Friday. Adobe Inc. has a 12 month low of $327.50 and a 12 month high of $557.90. The stock has a 50-day simple moving average of $351.14 and a 200 day simple moving average of $369.21. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $137.82 billion, a PE ratio of 20.51, a P/E/G ratio of 1.48 and a beta of 1.49.

Adobe (NASDAQ:ADBE - Get Free Report) last posted its earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.18 by $0.13. The company had revenue of $5.99 billion during 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 for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous 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. Research analysts forecast that Adobe Inc. will post 16.65 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on ADBE. Weiss Ratings restated a "hold (c-)" rating on shares of Adobe in a research report on Wednesday, October 8th. Rothschild & Co Redburn cut Adobe from a "neutral" rating to a "sell" rating and set a $280.00 target price for the company. in a research note on Wednesday, July 2nd. Barclays boosted their target price on Adobe from $460.00 to $465.00 and gave the stock an "overweight" rating in a research report on Friday, September 12th. Evercore ISI decreased their price target on Adobe from $475.00 to $450.00 and set an "outperform" rating on the stock in a report on Friday, September 12th. Finally, Redburn Atlantic lowered Adobe from a "hold" rating to a "strong sell" rating and lowered their price objective for the stock from $420.00 to $280.00 in a research report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Adobe has a consensus rating of "Hold" and an average price target of $433.41.

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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