Clear Creek Financial Management LLC Buys 822 Shares of Adobe Inc. $ADBE

Key Points

• Clear Creek Financial Management LLC increased its stake in Adobe Inc. by 33.6%, purchasing an additional 822 shares, bringing its total holdings to 3,270 shares valued at approximately $1.27 million.
• Adobe's shares opened at $347.47 and have a 52-week range between $330.04 and $557.90, with a market capitalization of $145.45 billion.
• Recent earnings report showed Adobe's earnings per share at $5.31, exceeding expectations, with revenue of $5.99 billion, marking a 10.7% increase year-over-year.

Clear Creek Financial Management LLC increased its stake in Adobe Inc. (NASDAQ:ADBE - Free Report) by 33.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,270 shares of the software company's stock after purchasing an additional 822 shares during the quarter. Clear Creek Financial Management LLC's holdings in Adobe were worth $1,265,000 at the end of the most recent quarter.

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

Adobe Stock Down 0.4%

Shares of NASDAQ:ADBE opened at $347.47 on Friday. Adobe Inc. has a 52-week low of $330.04 and a 52-week high of $557.90. The firm has a fifty day moving average of $351.88 and a 200 day moving average of $371.24. The firm has a market capitalization of $145.45 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 1.56 and a beta of 1.49. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.02.

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

Analyst Ratings Changes

A number of research firms have recently commented on ADBE. Morgan Stanley lowered shares of Adobe from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $520.00 to $450.00 in a research report on Wednesday, September 24th. Wells Fargo & Company restated an "overweight" rating and set a $470.00 price target (up from $430.00) on shares of Adobe in a research report on Friday, June 13th. Bank of America boosted their price target on shares of Adobe from $424.00 to $475.00 and gave the company a "buy" rating in a research report on Friday, June 13th. Robert W. Baird boosted their price target 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. Finally, DA Davidson restated a "buy" rating and set a $500.00 price target on shares of Adobe in a research 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $433.41.

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.

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