Chicago Partners Investment Group LLC Has $1.93 Million Stake in Adobe Inc. $ADBE

Key Points

• Chicago Partners Investment Group LLC increased its stake in Adobe Inc. by 48.6%, holding shares worth $1.93 million as of the most recent quarter.
• Adobe reported a quarterly earnings per share of $5.31, surpassing analyst expectations and showing a 10.7% increase in revenue year-over-year.
• Despite positive earnings, several analysts have downgraded Adobe's stock ratings, with price targets ranging from $280 to $450, reflecting a mixed outlook among financial institutions.

Chicago Partners Investment Group LLC grew its holdings in Adobe Inc. (NASDAQ:ADBE - Free Report) by 48.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,193 shares of the software company's stock after buying an additional 1,699 shares during the period. Chicago Partners Investment Group LLC's holdings in Adobe were worth $1,934,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Garde Capital Inc. acquired a new stake in shares of Adobe in the first quarter valued at approximately $34,000. PFG Advisors lifted its holdings in Adobe by 20.8% during the 1st quarter. PFG Advisors now owns 4,964 shares of the software company's stock worth $1,904,000 after purchasing an additional 855 shares during the last quarter. Krane Funds Advisors LLC lifted its holdings in Adobe by 110.4% during the 1st quarter. Krane Funds Advisors LLC now owns 1,391 shares of the software company's stock worth $533,000 after purchasing an additional 730 shares during the last quarter. Financial Counselors Inc. lifted its holdings in Adobe by 9.2% during the 1st quarter. Financial Counselors Inc. now owns 62,851 shares of the software company's stock worth $24,105,000 after purchasing an additional 5,298 shares during the last quarter. Finally, Koss Olinger Consulting LLC acquired a new stake in Adobe during the 1st quarter worth approximately $305,000. 81.79% of the stock is owned by institutional investors and hedge funds.

Adobe Price Performance

Shares of NASDAQ ADBE opened at $333.26 on Monday. The stock has a market capitalization of $139.50 billion, a PE ratio of 20.76, a P/E/G ratio of 1.49 and a beta of 1.49. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02. The business has a fifty day moving average price of $350.99 and a two-hundred day moving average price of $368.76. Adobe Inc. has a fifty-two week low of $327.50 and a fifty-two week high of $557.90.

Adobe (NASDAQ:ADBE - Get Free Report) last announced its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, beating the consensus estimate of $5.18 by $0.13. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The firm had revenue of $5.99 billion during the quarter, compared to analysts' expectations of $5.91 billion. During the same period in the previous year, the firm earned $4.65 EPS. The company's quarterly revenue was up 10.7% compared to the same quarter last year. 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 analysts predict that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on ADBE. Morgan Stanley cut Adobe from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $520.00 to $450.00 in a report on Wednesday, September 24th. Rothschild & Co Redburn cut Adobe from a "neutral" rating to a "sell" rating and set a $280.00 price target for the company. in a report on Wednesday, July 2nd. JMP Securities reissued a "market perform" rating on shares of Adobe in a report on Friday, September 12th. Redburn Partners set a $280.00 price target on Adobe in a report on Monday, September 1st. Finally, TD Cowen dropped their price target on Adobe from $470.00 to $420.00 and set a "hold" rating for the company in a report on Friday, September 12th. One 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 issued a Sell rating to the stock. According to MarketBeat.com, Adobe currently has an average rating of "Hold" and an average target price of $433.41.

Adobe Company 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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