2,645 Shares in Adobe Inc. $ADBE Bought by Ransom Advisory Ltd

Key Points

• Ransom Advisory Ltd recently invested $1.01 million in Adobe Inc. by acquiring 2,645 shares, highlighting increasing institutional interest in the software company.
• Adobe reported a quarterly earnings per share of $5.06, exceeding analysts' expectations of $4.97, with revenue up 10.6% year-over-year.
• Despite positive earnings, Adobe's stock has seen a 1.3% decline recently, currently trading at $354.06, with a consensus rating of "Moderate Buy" among analysts.

Ransom Advisory Ltd bought a new position in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,645 shares of the software company's stock, valued at approximately $1,014,000.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Adobe by 0.4% during the first quarter. Vanguard Group Inc. now owns 41,143,835 shares of the software company's stock worth $15,779,895,000 after buying an additional 171,547 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Adobe by 14.4% in the 1st quarter. Bank of New York Mellon Corp now owns 6,530,611 shares of the software company's stock worth $2,504,685,000 after purchasing an additional 821,293 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Adobe by 2.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,468,383 shares of the software company's stock worth $2,097,289,000 after purchasing an additional 126,688 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Adobe by 12.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,341,695 shares of the software company's stock worth $2,375,345,000 after purchasing an additional 600,146 shares during the period. Finally, Amundi raised its holdings in shares of Adobe by 24.7% in the 1st quarter. Amundi now owns 4,848,521 shares of the software company's stock worth $1,782,642,000 after purchasing an additional 961,895 shares during the period. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on ADBE. Stifel Nicolaus cut their price objective on Adobe from $525.00 to $480.00 and set a "buy" rating on the stock in a report on Friday, June 13th. Wall Street Zen upgraded Adobe from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. DA Davidson reiterated a "buy" rating and issued a $500.00 target price on shares of Adobe in a research note on Friday. Melius lowered Adobe from a "hold" rating to a "sell" rating and set a $310.00 target price for the company. in a research note on Monday, August 11th. Finally, Piper Sandler lowered their target price on Adobe from $500.00 to $470.00 and set an "overweight" rating for the company in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $435.63.

Adobe Stock Performance

Adobe stock traded down $1.51 during mid-day trading on Monday, hitting $347.86. 4,269,805 shares of the company's stock traded hands, compared to its average volume of 3,884,921. The firm has a 50 day moving average price of $357.32 and a 200 day moving average price of $378.97. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. The company has a market cap of $147.56 billion, a PE ratio of 21.67, a price-to-earnings-growth ratio of 1.65 and a beta of 1.48. Adobe Inc. has a one year low of $330.04 and a one year high of $557.90.

Adobe (NASDAQ:ADBE - Get Free Report) last announced its earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, beating the consensus estimate of $5.18 by $0.13. The firm had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.91 billion. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The firm's revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.65 EPS. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. On average, equities analysts forecast that Adobe Inc. will post 16.65 EPS 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.