Adobe Inc. $ADBE Shares Bought by Magnetar Financial LLC

Key Points

• Magnetar Financial LLC increased its stake in Adobe Inc. by 254%, acquiring an additional 1,852 shares, bringing their total holdings to 2,581 shares valued at approximately $990,000.
• Adobe reported quarterly earnings of $5.06 per share, exceeding analysts' estimates, and its revenue reached $5.87 billion, which is a 10.6% increase year-over-year.
• Institutional investors own 81.79% of Adobe's stock, indicating strong institutional interest in the company.

Magnetar Financial LLC boosted its holdings in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 254.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,581 shares of the software company's stock after acquiring an additional 1,852 shares during the period. Magnetar Financial LLC's holdings in Adobe were worth $990,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Siemens Fonds Invest GmbH grew its stake in Adobe by 252.9% during the 4th quarter. Siemens Fonds Invest GmbH now owns 55,658 shares of the software company's stock valued at $25,000 after acquiring an additional 39,888 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in Adobe during the 1st quarter valued at about $26,000. SWAN Capital LLC purchased a new position in Adobe during the fourth quarter worth about $28,000. Copia Wealth Management purchased a new position in Adobe during the fourth quarter worth about $28,000. Finally, HHM Wealth Advisors LLC purchased a new position in Adobe during the first quarter worth about $30,000. Hedge funds and other institutional investors own 81.79% of the company's stock.

Adobe Trading Up 0.8%

Shares of Adobe stock traded up $2.74 on Friday, reaching $356.70. The company had a trading volume of 2,637,158 shares, compared to its average volume of 3,582,848. The firm's 50 day moving average price is $363.93 and its two-hundred day moving average price is $385.96. The firm has a market cap of $151.31 billion, a PE ratio of 22.82, a PEG ratio of 1.69 and a beta of 1.48. Adobe Inc. has a 52-week low of $330.04 and a 52-week high of $587.75. 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 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. The business had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.80 billion. Adobe had a net margin of 30.39% and a return on equity of 53.68%. The business's revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm earned $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. Sell-side analysts predict that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ADBE shares. Bank of America lifted their target price on shares of Adobe from $424.00 to $475.00 and gave the stock a "buy" rating in a research note on Friday, June 13th. Citigroup reduced their target price on shares of Adobe from $465.00 to $450.00 and set a "neutral" rating on the stock in a research note on Monday, June 16th. Redburn Atlantic downgraded shares of Adobe from a "hold" rating to a "strong sell" rating and reduced their target price for the stock from $420.00 to $280.00 in a research note on Wednesday, July 2nd. Wells Fargo & Company reaffirmed an "overweight" rating and set a $470.00 target price (up from $430.00) on shares of Adobe in a research note on Friday, June 13th. Finally, Melius downgraded shares of Adobe from a "hold" rating to a "sell" rating and set a $310.00 target price on the stock. in a research note on Monday, August 11th. Two research 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average 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.