Gamco Investors INC. ET AL Has $365,000 Stock Position in Adobe Inc. $ADBE

Key Points

• Gamco Investors INC. ET AL reduced its stake in Adobe Inc. by 43.3%, selling 727 shares and retaining 951 shares worth approximately $365,000.
• Analysts have set varying price targets for Adobe, with prices ranging from $425.00 to $500.00, indicating a generally positive outlook as the stock maintains an average rating of "Moderate Buy."
• Adobe's quarterly earnings exceeded expectations, reporting $5.06 EPS and revenue of $5.87 billion, which was a 10.6% increase year-over-year.

Gamco Investors INC. ET AL trimmed its holdings in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 43.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 951 shares of the software company's stock after selling 727 shares during the period. Gamco Investors INC. ET AL's holdings in Adobe were worth $365,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Brighton Jones LLC raised its stake in shares of Adobe by 2.1% during the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company's stock worth $3,588,000 after purchasing an additional 167 shares in the last quarter. Bank Pictet & Cie Europe AG raised its stake in shares of Adobe by 2.7% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 28,969 shares of the software company's stock worth $12,882,000 after purchasing an additional 756 shares in the last quarter. Voleon Capital Management LP purchased a new stake in shares of Adobe during the 4th quarter worth about $213,000. AlTi Global Inc. raised its stake in shares of Adobe by 8.4% during the 4th quarter. AlTi Global Inc. now owns 4,924 shares of the software company's stock worth $2,192,000 after purchasing an additional 380 shares in the last quarter. Finally, Aptus Capital Advisors LLC raised its stake in shares of Adobe by 13.8% during the 4th quarter. Aptus Capital Advisors LLC now owns 24,717 shares of the software company's stock worth $10,991,000 after purchasing an additional 2,999 shares in the last quarter. 81.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ADBE has been the subject of a number of recent research reports. Rothschild & Co Redburn downgraded Adobe from a "neutral" rating to a "sell" rating and set a $280.00 price target for the company. in a research note on Wednesday, July 2nd. DA Davidson reaffirmed a "buy" rating and set a $500.00 price target on shares of Adobe in a research note on Friday, June 20th. JMP Securities reaffirmed a "market perform" rating on shares of Adobe in a research note on Monday, June 23rd. Wall Street Zen lowered Adobe from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Finally, Redburn Atlantic lowered Adobe from a "hold" rating to a "strong sell" rating and lowered their price objective for the company from $420.00 to $280.00 in a report on Wednesday, July 2nd. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $466.42.

Adobe Stock Performance

ADBE traded up $2.74 during midday trading on Friday, reaching $356.70. The company's stock had a trading volume of 2,637,158 shares, compared to its average volume of 3,582,848. The stock has a market cap of $151.31 billion, a P/E ratio of 22.82, a PEG ratio of 1.69 and a beta of 1.48. The company has a fifty day simple moving average of $363.93 and a 200 day simple moving average of $385.96. 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 Inc. has a twelve month low of $330.04 and a twelve month high of $587.75.

Adobe (NASDAQ:ADBE - Get Free Report) last released its 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. The firm had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.80 billion. Adobe had a return on equity of 53.68% and a net margin of 30.39%.The company's revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the firm posted $4.48 EPS. 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 earnings per share 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.