Arlington Partners LLC Purchases 2,570 Shares of Adobe Inc. $ADBE

Key Points

• Arlington Partners LLC increased its stake in Adobe Inc. by 29.6% during Q2, now holding 11,252 shares valued at approximately $4.35 million.
• Adobe's earnings report for the recent quarter posted an EPS of $5.31, surpassing estimates, with revenue growth of 10.7% year-over-year.
• Analyst ratings for Adobe show a consensus rating of "Moderate Buy", with an average price target of approximately $435.63.

Arlington Partners LLC raised its position in Adobe Inc. (NASDAQ:ADBE - Free Report) by 29.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,252 shares of the software company's stock after purchasing an additional 2,570 shares during the period. Arlington Partners LLC's holdings in Adobe were worth $4,353,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ADBE. Seascape Capital Management grew its stake in Adobe by 1.2% during the second quarter. Seascape Capital Management now owns 5,932 shares of the software company's stock worth $2,295,000 after buying an additional 71 shares during the period. Salvus Wealth Management LLC raised its holdings in Adobe by 22.3% in the second quarter. Salvus Wealth Management LLC now owns 1,511 shares of the software company's stock valued at $585,000 after acquiring an additional 276 shares in the last quarter. Foster Group Inc. acquired a new position in Adobe in the second quarter worth about $272,000. Acropolis Investment Management LLC lifted its stake in Adobe by 25.0% during the second quarter. Acropolis Investment Management LLC now owns 1,189 shares of the software company's stock worth $460,000 after purchasing an additional 238 shares during the last quarter. Finally, LaFleur & Godfrey LLC raised its stake in Adobe by 39.5% during the second quarter. LaFleur & Godfrey LLC now owns 3,761 shares of the software company's stock worth $1,455,000 after acquiring an additional 1,065 shares during the period. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ADBE has been the topic of a number of recent analyst reports. Rothschild & Co Redburn downgraded shares of Adobe from a "neutral" rating to a "sell" rating and set a $280.00 price target on the stock. in a research report on Wednesday, July 2nd. DA Davidson reiterated a "buy" rating and issued a $500.00 price objective on shares of Adobe in a report on Friday, September 12th. Wall Street Zen upgraded Adobe from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Oppenheimer lowered their price target on Adobe from $500.00 to $460.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 9th. Finally, Robert W. Baird increased their price target on shares of Adobe from $410.00 to $425.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Adobe presently has an average rating of "Moderate Buy" and an average price target of $435.63.

Adobe Stock Down 0.5%

Shares of NASDAQ:ADBE traded down $1.82 during mid-day trading on Monday, reaching $364.08. 4,704,525 shares of the stock were exchanged, compared to its average volume of 5,210,053. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. Adobe Inc. has a one year low of $330.04 and a one year high of $557.90. The stock's 50 day simple moving average is $355.82 and its 200-day simple moving average is $375.39. The company has a market cap of $154.44 billion, a P/E ratio of 22.68, a P/E/G ratio of 1.64 and a beta of 1.48.

Adobe (NASDAQ:ADBE - Get Free Report) last issued its earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.18 by $0.13. The company had revenue of $5.99 billion for the quarter, compared to analysts' expectations of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. Adobe's quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm 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. As a group, equities research analysts predict 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.