Junto Capital Management LP Has $32.31 Million Position in Adobe Inc. $ADBE

Key Points

• Junto Capital Management LP increased its holdings in Adobe Inc. by 4.9% in Q1, buying an additional 3,912 shares, bringing their total to 84,245 shares valued at approximately $32.3 million.
• Institutional ownership of Adobe is significant, with 81.79% of the stock currently held by institutional investors, including major stakeholders like Vanguard and Goldman Sachs.
• Adobe's stock has a current average price target of $466.42, with a consensus rating of "Moderate Buy," following positive earnings that exceeded analyst expectations for Q2.

Junto Capital Management LP increased its holdings in Adobe Inc. (NASDAQ:ADBE - Free Report) by 4.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,245 shares of the software company's stock after buying an additional 3,912 shares during the quarter. Junto Capital Management LP's holdings in Adobe were worth $32,310,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Garde Capital Inc. bought a new stake in Adobe during the first quarter worth approximately $34,000. PFG Advisors lifted its holdings in shares of Adobe by 20.8% in the first quarter. PFG Advisors now owns 4,964 shares of the software company's stock valued at $1,904,000 after buying an additional 855 shares during the period. Krane Funds Advisors LLC lifted its holdings in shares of Adobe by 110.4% in the first quarter. Krane Funds Advisors LLC now owns 1,391 shares of the software company's stock valued at $533,000 after buying an additional 730 shares during the period. Financial Counselors Inc. boosted its stake in Adobe by 9.2% during the first quarter. Financial Counselors Inc. now owns 62,851 shares of the software company's stock valued at $24,105,000 after buying an additional 5,298 shares in the last quarter. Finally, Koss Olinger Consulting LLC acquired a new position in Adobe during the first quarter worth about $305,000. Institutional investors and hedge funds own 81.79% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on ADBE. Wells Fargo & Company reissued an "overweight" rating and issued a $470.00 price target (up from $430.00) on shares of Adobe in a report on Friday, June 13th. Robert W. Baird raised their target price on shares of Adobe from $410.00 to $425.00 and gave the stock a "neutral" rating in a report on Monday, June 16th. Redburn Partners set a $280.00 price target on shares of Adobe in a research report on Monday. DA Davidson reiterated a "buy" rating and set a $500.00 price objective on shares of Adobe in a research report on Friday, June 20th. Finally, Bank of America lifted their target price on Adobe from $424.00 to $475.00 and gave the stock a "buy" rating in a report on Friday, June 13th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $459.52.

Adobe Stock Down 3.2%

Shares of ADBE stock traded down $11.35 during trading on Tuesday, hitting $345.35. 3,649,781 shares of the company were exchanged, compared to its average volume of 3,748,148. The business's 50-day simple moving average is $363.46 and its 200 day simple moving average is $385.24. Adobe Inc. has a twelve month low of $330.04 and a twelve month high of $587.75. The firm has a market capitalization of $146.50 billion, a price-to-earnings ratio of 22.10, a P/E/G ratio of 1.69 and a beta of 1.48. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 0.99.

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, topping 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 quarter in the prior year, the firm earned $4.48 EPS. The company's revenue was up 10.6% compared to the same quarter last year. 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 forecast that Adobe Inc. will post 16.65 EPS for the current fiscal year.

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.