Focus Partners Advisor Solutions LLC Has $3.23 Million Stock Position in Adobe Inc. $ADBE

Key Points

• Focus Partners Advisor Solutions LLC increased its holdings in Adobe Inc. by 43.9%, acquiring an additional 2,567 shares, bringing their total ownership to 8,411 shares valued at approximately $3.23 million.
• Adobe reported earnings of $5.06 per share for the last quarter, surpassing the consensus estimate of $4.97, with revenues also exceeding expectations at $5.87 billion.
• Recent analyst ratings reflect a mixed outlook for Adobe, with price targets ranging from $280 to $470, and a consensus rating of "Moderate Buy" based on various assessments by brokerages.

Focus Partners Advisor Solutions LLC boosted its position in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 43.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,411 shares of the software company's stock after purchasing an additional 2,567 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Adobe were worth $3,226,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADBE. GAMMA Investing LLC lifted its holdings in Adobe by 46,806.6% during the first quarter. GAMMA Investing LLC now owns 2,990,767 shares of the software company's stock worth $1,147,049,000 after acquiring an additional 2,984,391 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Adobe by 68.3% in 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 period. Nuveen LLC acquired a new stake in shares of Adobe in the 1st quarter valued at about $607,443,000. OVERSEA CHINESE BANKING Corp Ltd raised its stake in shares of Adobe by 1,482.7% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,298,389 shares of the software company's stock valued at $498,000 after purchasing an additional 1,216,351 shares during the period. Finally, Two Sigma Advisers LP raised its stake in shares of Adobe by 1,414.5% in the 4th quarter. Two Sigma Advisers LP now owns 889,000 shares of the software company's stock valued at $395,321,000 after purchasing an additional 830,300 shares during the period. 81.79% of the stock is currently owned by institutional investors.

Adobe Stock Performance

Shares of NASDAQ:ADBE traded up $4.66 during trading on Friday, reaching $348.97. 4,661,454 shares of the stock were exchanged, compared to its average volume of 3,273,635. Adobe Inc. has a 12 month low of $330.04 and a 12 month high of $587.75. The firm has a market cap of $148.03 billion, a PE ratio of 22.33, a PEG ratio of 1.63 and a beta of 1.48. The stock has a 50-day moving average price of $360.40 and a 200-day moving average price of $383.12. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54.

Adobe (NASDAQ:ADBE - Get Free Report) last issued its quarterly earnings data on Thursday, June 12th. The software company reported $5.06 earnings per share (EPS) 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 company had revenue of $5.87 billion during the quarter, compared to analysts' expectations of $5.80 billion. During the same quarter in the previous year, the company posted $4.48 earnings per share. The business's revenue 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. Research analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ADBE. Barclays lowered their price target on shares of Adobe from $567.00 to $460.00 and set an "overweight" rating on the stock in a research note on Friday. Melius downgraded Adobe from a "hold" rating to a "sell" rating and set a $310.00 target price on the stock. in a research report on Monday, August 11th. UBS Group lowered their target price on Adobe from $430.00 to $400.00 and set a "neutral" rating on the stock in a research report on Friday, August 29th. Phillip Securities upgraded Adobe from a "moderate sell" rating to a "strong-buy" rating in a report on Monday, June 16th. Finally, JMP Securities reiterated a "market perform" rating on shares of Adobe in a report on Monday, June 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $452.67.

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.