RFG Advisory LLC boosted its holdings in Adobe Inc. (NASDAQ:ADBE - Free Report) by 146.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,648 shares of the software company's stock after purchasing an additional 3,946 shares during the period. RFG Advisory LLC's holdings in Adobe were worth $2,572,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. 1248 Management LLC purchased a new position in Adobe in the first quarter worth $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Adobe in the first quarter worth $26,000. Flaharty Asset Management LLC purchased a new position in Adobe in the first quarter worth $29,000. HHM Wealth Advisors LLC purchased a new position in shares of Adobe during the 1st quarter valued at $30,000. Finally, Garde Capital Inc. purchased a new position in shares of Adobe during the 1st quarter valued at $34,000. Hedge funds and other institutional investors own 81.79% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently commented on ADBE. JMP Securities reaffirmed a "market perform" rating on shares of Adobe in a research report on Friday, September 12th. Melius cut Adobe from a "hold" rating to a "sell" rating and set a $310.00 price target on the stock. in a research report on Monday, August 11th. Royal Bank Of Canada dropped their price target on Adobe from $480.00 to $430.00 and set an "outperform" rating on the stock in a research report on Monday, September 8th. Morgan Stanley cut Adobe from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $520.00 to $450.00 in a research report on Wednesday, September 24th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Adobe in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Adobe has a consensus rating of "Hold" and a consensus target price of $433.41.
Read Our Latest Stock Report on Adobe
Adobe Stock Performance
Shares of ADBE opened at $335.94 on Wednesday. The stock's 50-day simple moving average is $351.63 and its 200 day simple moving average is $369.85. The stock has a market capitalization of $140.62 billion, a price-to-earnings ratio of 20.93, a price-to-earnings-growth ratio of 1.52 and a beta of 1.49. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.02. Adobe Inc. has a 52-week low of $330.04 and a 52-week high of $557.90.
Adobe (NASDAQ:ADBE - Get Free Report) last issued its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.18 by $0.13. The business had revenue of $5.99 billion for the quarter, compared to analysts' expectations of $5.91 billion. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The firm's quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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. Research analysts forecast that Adobe Inc. will post 16.65 EPS for the current fiscal year.
Adobe Company Profile
(
Free Report)
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.
Featured Articles
Want to see what other hedge funds are holding ADBE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Adobe Inc. (NASDAQ:ADBE - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Adobe, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Adobe wasn't on the list.
While Adobe currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
