Martingale Asset Management L P Has $16.66 Million Stock Holdings in Adobe Inc. $ADBE

Key Points

• Martingale Asset Management has increased its holdings in Adobe Inc. to approximately $16.66 million, owning 43,448 shares after a 1.9% increase during the first quarter.
• Adobe reported a 10.6% year-over-year revenue increase for the latest quarter, with earnings per share of $5.06, surpassing analyst expectations of $4.97.
• Current analysts' ratings for Adobe show an average of "Moderate Buy" with target prices ranging from $280 to $500, reflecting varied sentiment in the market.

Martingale Asset Management L P increased its holdings in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 1.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,448 shares of the software company's stock after purchasing an additional 810 shares during the period. Martingale Asset Management L P's holdings in Adobe were worth $16,664,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Siemens Fonds Invest GmbH lifted its position in shares of 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 during the period. Barnes Dennig Private Wealth Management LLC bought a new stake in Adobe in the first quarter valued at $26,000. SWAN Capital LLC acquired a new position in shares of Adobe during the fourth quarter valued at about $28,000. Copia Wealth Management bought a new position in shares of Adobe during the 4th quarter worth about $28,000. Finally, HHM Wealth Advisors LLC acquired a new stake in shares of Adobe in the 1st quarter valued at about $30,000. 81.79% of the stock is owned by institutional investors and hedge funds.

Adobe Stock Down 2.1%

ADBE opened at $353.43 on Thursday. The company's 50-day moving average price is $368.37 and its two-hundred day moving average price is $391.09. 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 twelve month low of $330.04 and a twelve month high of $587.75. The stock has a market cap of $149.93 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 1.71 and a beta of 1.51.

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. The business had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.80 billion. Adobe had a return on equity of 53.68% and a net margin of 30.39%.The business's revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the business 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. As a group, equities analysts expect that Adobe Inc. will post 16.65 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ADBE. Redburn Atlantic downgraded Adobe from a "hold" rating to a "strong sell" rating and dropped their price target 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 report on Friday, June 13th. DA Davidson reiterated a "buy" rating and issued a $500.00 target price on shares of Adobe in a report on Friday, June 20th. Rothschild & Co Redburn downgraded shares of Adobe from a "neutral" rating to a "sell" rating and set a $280.00 price target for the company. in a research report on Wednesday, July 2nd. Finally, Robert W. Baird upped their price objective on shares of Adobe from $410.00 to $425.00 and gave the stock a "neutral" rating in a report on Monday, June 16th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $467.58.

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.

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