Armistice Capital LLC Boosts Stock Holdings in Adobe Inc. $ADBE

Key Points

• Armistice Capital LLC significantly increased its stake in Adobe Inc. by 63.5%, acquiring an additional 43,188 shares, bringing their total holdings to 111,200 shares valued at approximately $42.65 million.
• Institutional investors hold 81.79% of Adobe's stock, indicating a strong interest from larger financial firms.
• Recent analyst ratings show a consensus of "Moderate Buy" with a target price of $466.42, reflecting positive sentiment towards Adobe's growth potential.

Armistice Capital LLC lifted its stake in Adobe Inc. (NASDAQ:ADBE - Free Report) by 63.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 111,200 shares of the software company's stock after purchasing an additional 43,188 shares during the period. Armistice Capital LLC's holdings in Adobe were worth $42,649,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. RB Capital Management LLC grew its stake in shares of Adobe by 0.4% in the fourth 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 period. Orin Green Financial LLC raised its stake in Adobe by 3.8% during the fourth quarter. Orin Green Financial LLC now owns 621 shares of the software company's stock valued at $276,000 after purchasing an additional 23 shares in the last quarter. Diligent Investors LLC raised its stake in Adobe by 1.2% during the fourth quarter. Diligent Investors LLC now owns 2,160 shares of the software company's stock valued at $961,000 after purchasing an additional 26 shares in the last quarter. Second Line Capital LLC raised its stake in Adobe by 3.5% during the fourth quarter. Second Line Capital LLC now owns 768 shares of the software company's stock valued at $342,000 after purchasing an additional 26 shares in the last quarter. Finally, Vista Investment Management raised its stake in 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 purchasing an additional 26 shares in the last quarter. 81.79% of the stock is owned by hedge funds and other institutional investors.

Adobe Stock Performance

Shares of Adobe stock traded up $2.87 during midday trading on Wednesday, hitting $348.50. The company had a trading volume of 3,006,178 shares, compared to its average volume of 3,750,448. The stock has a market cap of $147.83 billion, a price-to-earnings ratio of 22.30, a PEG ratio of 1.69 and a beta of 1.48. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.54. The company has a fifty day simple moving average of $362.73 and a 200 day simple moving average of $384.96. Adobe Inc. has a 12-month low of $330.04 and a 12-month high of $587.75.

Adobe (NASDAQ:ADBE - Get Free Report) last announced its quarterly earnings data on Thursday, June 12th. The software company reported $5.06 EPS for the quarter, beating the consensus estimate of $4.97 by $0.09. The firm had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.80 billion. Adobe had a net margin of 30.39% and a return on equity of 53.68%. Adobe's revenue was up 10.6% on a year-over-year basis. During the same period last year, the firm posted $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 predict that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Redburn Atlantic cut shares of Adobe from a "hold" rating to a "strong sell" rating and cut their price objective for the company from $420.00 to $280.00 in a research report on Wednesday, July 2nd. Phillip Securities upgraded shares of Adobe from a "moderate sell" rating to a "strong-buy" rating in a research report on Monday, June 16th. Robert W. Baird boosted their price objective on shares of Adobe from $410.00 to $425.00 and gave the company a "neutral" rating in a research report on Monday, June 16th. Mizuho cut their price objective on shares of Adobe from $575.00 to $530.00 and set an "outperform" rating on the stock in a research report on Friday, June 13th. Finally, Evercore ISI reiterated an "outperform" rating and set a $475.00 price objective on shares of Adobe in a research report on Friday, June 13th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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.