Fuller & Thaler Asset Management Inc. Invests $14.05 Million in Adobe Inc. $ADBE

Key Points

• Fuller & Thaler Asset Management Inc. acquired 36,621 shares of Adobe Inc., valued at approximately $14 million, during the first quarter.
• Sales and acquisition activity for Adobe shows strong institutional interest, with 81.79% of the stock owned by institutional investors and hedge funds.
• Analysts have provided a mixed outlook on Adobe's stock, with an average target price of $467.58, while ratings range from "Strong Buy" to "Sell".

Fuller & Thaler Asset Management Inc. bought a new position in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 36,621 shares of the software company's stock, valued at approximately $14,045,000.

Other hedge funds have also made changes to their positions in the company. Siemens Fonds Invest GmbH boosted its stake 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 worth $25,000 after buying an additional 39,888 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Adobe during the first quarter worth about $26,000. SWAN Capital LLC acquired a new stake in shares of Adobe during the fourth quarter worth about $28,000. Copia Wealth Management acquired a new stake in shares of Adobe during the fourth quarter worth about $28,000. Finally, HHM Wealth Advisors LLC acquired a new stake in Adobe in the first quarter valued at about $30,000. Institutional investors and hedge funds own 81.79% of the company's stock.

Adobe Price Performance

Shares of ADBE stock traded up $8.66 during midday trading on Friday, reaching $362.09. 3,055,589 shares of the company traded hands, compared to its average volume of 3,743,152. The firm's 50 day simple moving average is $366.57 and its two-hundred day simple moving average is $389.97. Adobe Inc. has a 1-year low of $330.04 and a 1-year high of $587.75. 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 firm has a market cap of $153.60 billion, a PE ratio of 23.17, a price-to-earnings-growth ratio of 1.68 and a beta of 1.51.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ADBE shares. Robert W. Baird raised their price objective 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. Wall Street Zen downgraded shares of Adobe from a "buy" rating to a "hold" rating in a research report on Friday. Melius downgraded shares of Adobe from a "hold" rating to a "sell" rating and set a $310.00 price objective for the company. in a research report on Monday, August 11th. DA Davidson restated a "buy" rating and issued a $500.00 price objective on shares of Adobe in a research report on Friday, June 20th. Finally, Wells Fargo & Company restated an "overweight" rating and issued a $470.00 price objective (up previously from $430.00) on shares of Adobe in a research report on Friday, June 13th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $467.58.

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.