Adobe Inc. $ADBE Shares Bought by Ieq Capital LLC

Key Points

• Ieq Capital LLC increased its holdings in Adobe Inc. by 38.2% during the first quarter, owning a total of 90,391 shares valued at approximately $34.7 million.
• Several institutional investors, including PFG Advisors and Krane Funds Advisors LLC, have also significantly raised their stakes in Adobe, reflecting strong institutional interest.
• Equities analysts show a mixed sentiment on Adobe, with two analysts rating it as a strong buy, while the consensus target price is set at $467.58.

Ieq Capital LLC raised its stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 38.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 90,391 shares of the software company's stock after purchasing an additional 24,983 shares during the period. Ieq Capital LLC's holdings in Adobe were worth $34,668,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Redwood Investment Management LLC bought a new position in shares of Adobe during the 1st quarter valued at about $203,000. Epoch Investment Partners Inc. boosted its holdings in shares of Adobe by 17.7% during the 1st quarter. Epoch Investment Partners Inc. now owns 234,422 shares of the software company's stock valued at $89,908,000 after purchasing an additional 35,290 shares during the last quarter. FORA Capital LLC raised its position in shares of Adobe by 1,148.7% during the 1st quarter. FORA Capital LLC now owns 25,849 shares of the software company's stock valued at $9,914,000 after buying an additional 23,779 shares in the last quarter. J. Stern & Co. LLP raised its position in shares of Adobe by 10.9% during the 1st quarter. J. Stern & Co. LLP now owns 96,623 shares of the software company's stock valued at $37,058,000 after buying an additional 9,517 shares in the last quarter. Finally, Harvest Portfolios Group Inc. raised its position in shares of Adobe by 9.4% during the 1st quarter. Harvest Portfolios Group Inc. now owns 55,807 shares of the software company's stock valued at $21,404,000 after buying an additional 4,809 shares in the last quarter. Institutional investors own 81.79% of the company's stock.

Adobe Trading Up 0.8%

Adobe stock traded up $2.74 during midday trading on Friday, reaching $356.70. The stock had a trading volume of 2,637,158 shares, compared to its average volume of 3,666,279. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.54. Adobe Inc. has a 52-week low of $330.04 and a 52-week high of $587.75. The firm has a market cap of $151.31 billion, a price-to-earnings ratio of 22.82, a price-to-earnings-growth ratio of 1.69 and a beta of 1.51. The company has a fifty day moving average of $363.93 and a 200 day moving average of $386.47.

Adobe (NASDAQ:ADBE - Get Free Report) last issued its earnings results on Thursday, June 12th. The software company reported $5.06 EPS for the quarter, topping analysts' consensus estimates of $4.97 by $0.09. The business had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.80 billion. Adobe had a net margin of 30.39% and a return on equity of 53.68%. The company's quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the company posted $4.48 earnings per share. Adobe has set its Q3 2025 guidance at 5.150-5.200 EPS. FY 2025 guidance at 20.500-20.700 EPS. On average, analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ADBE shares. JMP Securities restated a "market perform" rating on shares of Adobe in a research report on Monday, June 23rd. Evercore ISI restated an "outperform" rating and set a $475.00 target price on shares of Adobe in a research report on Friday, June 13th. Robert W. Baird upped their target price 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. Mizuho decreased their target price on shares of Adobe from $575.00 to $530.00 and set an "outperform" rating on the stock in a research report on Friday, June 13th. Finally, Oppenheimer decreased their target price on shares of Adobe from $530.00 to $500.00 and set an "outperform" rating on the stock in a research report on Friday, June 13th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Adobe currently has an average rating of "Moderate Buy" and a consensus price target of $466.42.

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.