Ashford Capital Management Inc. Increases Stock Position in Adobe Inc. $ADBE

Key Points

• Ashford Capital Management Inc. increased its stake in Adobe Inc. by 23.4%, bringing its holdings to $1.48 million with 3,856 shares after acquiring an additional 732 shares in the first quarter.
• Adobe reported $5.06 EPS for the recent quarter, exceeding expectations of $4.97, while revenue also surpassed estimates at $5.87 billion, reflecting a year-over-year growth of 10.6%.
• Analysts have mixed ratings for Adobe, with target prices ranging from $400.00 to $575.00, and a consensus target price of $466.42, indicating a generally positive outlook for the stock.

Ashford Capital Management Inc. lifted its holdings in Adobe Inc. (NASDAQ:ADBE - Free Report) by 23.4% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,856 shares of the software company's stock after buying an additional 732 shares during the period. Ashford Capital Management Inc.'s holdings in Adobe were worth $1,479,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Garde Capital Inc. bought a new position in shares of Adobe during the 1st quarter worth $34,000. PFG Advisors grew its position in Adobe by 20.8% in the first quarter. PFG Advisors now owns 4,964 shares of the software company's stock worth $1,904,000 after acquiring an additional 855 shares in the last quarter. Krane Funds Advisors LLC lifted its position in Adobe by 110.4% in the 1st quarter. Krane Funds Advisors LLC now owns 1,391 shares of the software company's stock worth $533,000 after buying an additional 730 shares during the last quarter. Financial Counselors Inc. grew its position in Adobe by 9.2% during the first quarter. Financial Counselors Inc. now owns 62,851 shares of the software company's stock valued at $24,105,000 after acquiring an additional 5,298 shares during the last quarter. Finally, Koss Olinger Consulting LLC purchased a new position in Adobe in the 1st quarter worth $305,000. 81.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ADBE. Stifel Nicolaus decreased their target price on shares of Adobe from $525.00 to $480.00 and set a "buy" rating on the stock in a research report on Friday, June 13th. Rothschild & Co Redburn cut 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. Melius cut shares of Adobe from a "hold" rating to a "sell" rating and set a $310.00 price objective on the stock. in a report on Monday, August 11th. Royal Bank Of Canada reiterated an "outperform" rating and set a $480.00 price target on shares of Adobe in a report on Thursday, June 5th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $450.00 target price on shares of Adobe in a research report on Friday, June 13th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $459.52.

Adobe Stock Performance

ADBE traded up $2.74 during trading on Monday, hitting $356.70. The company's stock had a trading volume of 2,637,158 shares, compared to its average volume of 3,582,848. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.54. Adobe Inc. has a one year low of $330.04 and a one year high of $587.75. The firm has a market cap of $151.31 billion, a PE ratio of 22.82, a P/E/G ratio of 1.69 and a beta of 1.48. The business's 50 day simple moving average is $363.93 and its 200-day simple moving average is $385.96.

Adobe (NASDAQ:ADBE - Get Free Report) last released its earnings results on Thursday, June 12th. The software company reported $5.06 earnings per share for the quarter, beating analysts' consensus estimates of $4.97 by $0.09. The company had revenue of $5.87 billion for 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%. Adobe's revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the company 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, sell-side analysts predict 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.