Empowered Funds LLC Has $7.54 Million Stock Holdings in Adobe Inc. $ADBE

Key Points

• Empowered Funds LLC has increased its stake in Adobe Inc. by 27.7%, acquiring an additional 4,264 shares to hold a total of 19,655 shares valued at approximately $7.5 million.
• Several other institutional investors have also adjusted their positions, with a total of 81.79% of Adobe's stock now owned by institutional investors.
• Adobe recently reported quarterly earnings that exceeded analyst expectations, with a revenue of $5.87 billion and an EPS of $5.06.

Empowered Funds LLC lifted its stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 27.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,655 shares of the software company's stock after acquiring an additional 4,264 shares during the quarter. Empowered Funds LLC's holdings in Adobe were worth $7,538,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC grew its holdings in Adobe by 2.1% during the fourth quarter. Brighton Jones LLC now owns 8,068 shares of the software company's stock valued at $3,588,000 after purchasing an additional 167 shares during the last quarter. Bank Pictet & Cie Europe AG grew its stake in Adobe by 2.7% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 28,969 shares of the software company's stock valued at $12,882,000 after buying an additional 756 shares during the last quarter. Minot DeBlois Advisors LLC bought a new position in Adobe in the 4th quarter worth $40,000. Numerai GP LLC acquired a new position in Adobe during the 4th quarter worth $2,357,000. Finally, Northeast Financial Consultants Inc boosted its holdings in Adobe by 7.8% during the fourth quarter. Northeast Financial Consultants Inc now owns 2,061 shares of the software company's stock valued at $916,000 after acquiring an additional 150 shares during the period. 81.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ADBE shares. UBS Group dropped their price objective on Adobe from $400.00 to $375.00 and set a "neutral" rating on the stock in a research note on Friday. Stifel Nicolaus lowered their target price on Adobe from $525.00 to $480.00 and set a "buy" rating on the stock in a report on Friday, June 13th. DA Davidson reiterated a "buy" rating and set a $500.00 price target on shares of Adobe in a report on Friday. Redburn Partners set a $280.00 price objective on Adobe in a research report on Monday, September 1st. Finally, Wall Street Zen raised shares of Adobe from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $435.63.

Adobe Stock Performance

Shares of NASDAQ ADBE traded down $1.19 during trading hours on Friday, reaching $349.36. The stock had a trading volume of 14,118,114 shares, compared to its average volume of 3,814,649. Adobe Inc. has a twelve month low of $330.04 and a twelve month high of $557.90. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.99 and a quick ratio of 0.99. The business's fifty day moving average is $357.32 and its two-hundred day moving average is $379.80. The company has a market cap of $148.20 billion, a price-to-earnings ratio of 21.77, a PEG ratio of 1.66 and a beta of 1.48.

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 analysts' consensus estimates of $5.18 by $0.13. Adobe had a net margin of 30.01% and a return on equity of 56.30%. The company had revenue of $5.99 billion during the quarter, compared to analysts' expectations of $5.91 billion. During the same quarter in the prior year, the company posted $4.65 EPS. The business's revenue was up 10.7% on a year-over-year basis. 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 expect that Adobe Inc. will post 16.65 EPS for the current year.

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.