Flputnam Investment Management Co. Boosts Holdings in Adobe Inc. $ADBE

Key Points

• Flputnam Investment Management Co. increased its holdings in Adobe Inc. by 3.9%, acquiring an additional 865 shares to reach a total of 22,799 shares worth $8.74 million.
• Adobe reported quarterly earnings of $5.06 per share, surpassing analyst expectations, with revenue of $5.87 billion reflecting a 10.6% year-over-year growth.
• Adobe's stock received mixed ratings from analysts, with a current consensus of Moderate Buy and an average price target of $466.42.

Flputnam Investment Management Co. lifted its position in Adobe Inc. (NASDAQ:ADBE - Free Report) by 3.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,799 shares of the software company's stock after purchasing an additional 865 shares during the period. Flputnam Investment Management Co.'s holdings in Adobe were worth $8,744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Siemens Fonds Invest GmbH raised its holdings in shares of Adobe by 252.9% during the fourth quarter. Siemens Fonds Invest GmbH now owns 55,658 shares of the software company's stock valued at $25,000 after acquiring an additional 39,888 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Adobe during the first quarter worth approximately $26,000. SWAN Capital LLC acquired a new position in Adobe in the 4th quarter valued at $28,000. Copia Wealth Management purchased a new position in Adobe in the 4th quarter valued at $28,000. Finally, HHM Wealth Advisors LLC purchased a new position in Adobe in the 1st quarter valued at $30,000. Hedge funds and other institutional investors own 81.79% of the company's stock.

Adobe Trading Down 1.2%

Adobe stock traded down $4.19 during trading on Thursday, hitting $344.31. The company had a trading volume of 4,914,154 shares, compared to its average volume of 3,757,559. Adobe Inc. has a 1-year low of $330.04 and a 1-year high of $587.75. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The company's 50 day simple moving average is $361.95 and its 200-day simple moving average is $384.71. The stock has a market cap of $146.06 billion, a price-to-earnings ratio of 22.03, a price-to-earnings-growth ratio of 1.69 and a beta of 1.48.

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Redburn Atlantic cut shares of Adobe from a "hold" rating to a "strong sell" rating and reduced their target price for the company from $420.00 to $280.00 in a research report on Wednesday, July 2nd. Stifel Nicolaus reduced their target price on shares of Adobe from $525.00 to $480.00 and set a "buy" rating for the company in a research report on Friday, June 13th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $480.00 target price on shares of Adobe in a research report on Thursday, June 5th. DA Davidson reiterated a "buy" rating and issued a $500.00 target price on shares of Adobe in a research report on Friday, June 20th. Finally, Citigroup reduced their target price on shares of Adobe from $465.00 to $450.00 and set a "neutral" rating for the company in a research report on Monday, June 16th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $459.52.

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.