1,830 Shares in Adobe Inc. $ADBE Bought by Chiron Capital Management LLC

Key Points

• Chiron Capital Management LLC invested approximately $702,000 in Adobe, acquiring 1,830 shares during the first quarter.
• Adobe's stock has received mixed reviews from analysts, with price targets ranging from $400.00 to $530.00 and a consensus rating of "Moderate Buy."
• Adobe reported $5.06 EPS for the last quarter, exceeding analyst expectations, and noted a 10.6% increase in revenue year-over-year.

Chiron Capital Management LLC bought a new stake in Adobe Inc. (NASDAQ:ADBE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,830 shares of the software company's stock, valued at approximately $702,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Adobe by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 41,143,835 shares of the software company's stock valued at $15,779,895,000 after buying an additional 171,547 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Adobe by 14.4% during the 1st quarter. Bank of New York Mellon Corp now owns 6,530,611 shares of the software company's stock valued at $2,504,685,000 after purchasing an additional 821,293 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Adobe by 12.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,341,695 shares of the software company's stock valued at $2,375,345,000 after purchasing an additional 600,146 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Adobe by 68.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,575,792 shares of the software company's stock valued at $1,754,954,000 after purchasing an additional 1,856,544 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of Adobe by 6.8% in the 1st quarter. Deutsche Bank AG now owns 3,735,509 shares of the software company's stock valued at $1,432,680,000 after acquiring an additional 238,542 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Adobe Trading Up 1.4%

Shares of NASDAQ:ADBE traded up $4.66 during trading on Friday, reaching $348.97. The stock had a trading volume of 4,661,454 shares, compared to its average volume of 3,273,635. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 0.99. The firm's fifty day moving average is $360.40 and its 200 day moving average is $383.12. Adobe Inc. has a 52 week low of $330.04 and a 52 week high of $587.75. The stock has a market cap of $148.03 billion, a price-to-earnings ratio of 22.33, a P/E/G ratio of 1.63 and a beta of 1.48.

Adobe (NASDAQ:ADBE - Get Free Report) last issued its quarterly earnings results on Thursday, June 12th. The software company reported $5.06 earnings per share for the quarter, topping analysts' consensus estimates of $4.97 by $0.09. Adobe had a return on equity of 53.68% and a net margin of 30.39%.The firm had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.80 billion. During the same period last year, the business posted $4.48 EPS. The business's revenue was up 10.6% compared to the same quarter last year. 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, equities analysts forecast that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ADBE. Bank of America increased their price target on Adobe from $424.00 to $475.00 and gave the company a "buy" rating in a research note on Friday, June 13th. BMO Capital Markets reiterated an "outperform" rating and issued a $450.00 price target on shares of Adobe in a research note on Friday, June 13th. Melius cut Adobe from a "hold" rating to a "sell" rating and set a $310.00 price target for the company. in a research note on Monday, August 11th. Stifel Nicolaus reduced their target price on shares of Adobe from $525.00 to $480.00 and set a "buy" rating on the stock in a report on Friday, June 13th. Finally, Phillip Securities raised shares of Adobe from a "moderate sell" rating to a "strong-buy" rating in a report on Monday, June 16th. Two equities research 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. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $452.67.

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.