DDD Partners LLC Purchases Shares of 5,092 Adobe Inc. $ADBE

Key Points

• DDD Partners LLC acquired 5,092 shares of Adobe Inc., valued at approximately $1,970,000, during the second quarter, indicating growing institutional interest in the company.
• Adobe's latest quarterly earnings report showed an EPS of $5.31, surpassing expectations, with a year-over-year revenue increase of 10.7%.
• Analysts have varied opinions on Adobe's stock, with a consensus rating of "Hold" and a target price of $433.41.

DDD Partners LLC purchased a new stake in Adobe Inc. (NASDAQ:ADBE - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 5,092 shares of the software company's stock, valued at approximately $1,970,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. 1248 Management LLC purchased a new position in Adobe in the first quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Adobe in the first quarter worth approximately $26,000. Flaharty Asset Management LLC purchased a new position in Adobe in the first quarter worth approximately $29,000. HHM Wealth Advisors LLC purchased a new position in Adobe in the first quarter worth approximately $30,000. Finally, Nexus Investment Management ULC purchased a new position in Adobe in the second quarter worth approximately $31,000. Hedge funds and other institutional investors own 81.79% of the company's stock.

Adobe Stock Performance

Shares of Adobe stock traded up $2.51 during trading on Friday, reaching $356.63. The company's stock had a trading volume of 289,216 shares, compared to its average volume of 3,942,533. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. The firm has a market cap of $149.29 billion, a PE ratio of 22.18, a P/E/G ratio of 1.59 and a beta of 1.49. The company has a 50-day moving average price of $351.74 and a two-hundred day moving average price of $368.63. 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 (EPS) for the quarter, beating the consensus estimate of $5.18 by $0.13. The company had revenue of $5.99 billion for the quarter, compared to analysts' expectations of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. Adobe's revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company posted $4.65 EPS. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. On average, analysts forecast that Adobe Inc. will post 16.65 EPS for the current year.

Analysts Set New Price Targets

ADBE has been the subject of a number of recent research reports. Weiss Ratings reiterated a "hold (c-)" rating on shares of Adobe in a research note on Wednesday, October 8th. Mizuho downgraded shares of Adobe from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 24th. DA Davidson reiterated a "buy" rating and issued a $500.00 price target on shares of Adobe in a research note on Friday, September 12th. JMP Securities reiterated a "market perform" rating on shares of Adobe in a research note on Friday, September 12th. Finally, Evercore ISI reduced their price objective on shares of Adobe from $475.00 to $450.00 and set an "outperform" rating for the company in a research report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Adobe presently has a consensus rating of "Hold" and a consensus target price of $433.41.

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.

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