Signature Estate & Investment Advisors LLC Has $65.19 Million Stock Holdings in Adobe Inc. $ADBE

Key Points

• Signature Estate & Investment Advisors LLC increased its holdings in Adobe Inc. by 3.8%, owning 168,502 shares valued at $65.19 million, which represents 1.5% of their portfolio.
• Various institutional investors have recently adjusted their positions in Adobe, with 81.79% of its stock now owned by hedge funds and institutional investors.
• Adobe reported a 10.7% year-over-year revenue growth with earnings of $5.31 per share, exceeding estimates, and has set guidance for fiscal year 2025 EPS between 20.800-20.850.

Signature Estate & Investment Advisors LLC grew its position in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 3.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 168,502 shares of the software company's stock after purchasing an additional 6,149 shares during the quarter. Adobe makes up 1.5% of Signature Estate & Investment Advisors LLC's holdings, making the stock its 18th biggest holding. Signature Estate & Investment Advisors LLC's holdings in Adobe were worth $65,190,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Schmidt P J Investment Management Inc. boosted its stake in shares of Adobe by 2.9% during the first quarter. Schmidt P J Investment Management Inc. now owns 896 shares of the software company's stock valued at $344,000 after purchasing an additional 25 shares in the last quarter. GS Investments Inc. boosted its stake in shares of Adobe by 0.3% during the first quarter. GS Investments Inc. now owns 7,563 shares of the software company's stock valued at $2,901,000 after purchasing an additional 26 shares in the last quarter. Ted Buchan & Co boosted its stake in shares of Adobe by 1.9% during the first quarter. Ted Buchan & Co now owns 1,368 shares of the software company's stock valued at $525,000 after purchasing an additional 26 shares in the last quarter. Lifeworks Advisors LLC boosted its stake in shares of Adobe by 3.6% during the first quarter. Lifeworks Advisors LLC now owns 786 shares of the software company's stock valued at $301,000 after purchasing an additional 27 shares in the last quarter. Finally, VanderPol Investments L.L.C. boosted its stake in shares of Adobe by 5.2% during the first quarter. VanderPol Investments L.L.C. now owns 546 shares of the software company's stock valued at $209,000 after purchasing an additional 27 shares in the last quarter. 81.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ADBE has been the subject of a number of analyst reports. Barclays raised their price objective on Adobe from $460.00 to $465.00 and gave the stock an "overweight" rating in a research report on Friday, September 12th. Melius downgraded Adobe from a "hold" rating to a "sell" rating and set a $310.00 price objective for the company. in a research report on Monday, August 11th. Morgan Stanley downgraded Adobe from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $520.00 to $450.00 in a research report on Wednesday, September 24th. Oppenheimer lowered their price objective on Adobe from $500.00 to $460.00 and set an "outperform" rating for the company in a research report on Tuesday, September 9th. Finally, Citigroup lowered their price objective on Adobe from $450.00 to $400.00 and set a "neutral" rating for the company in a research report on Thursday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $433.41.

Adobe Trading Up 1.2%

NASDAQ ADBE opened at $333.26 on Friday. The company has a market cap of $139.50 billion, a price-to-earnings ratio of 20.76, a P/E/G ratio of 1.48 and a beta of 1.49. Adobe Inc. has a 52 week low of $327.50 and a 52 week high of $557.90. The business has a 50 day moving average price of $350.99 and a 200-day moving average price of $368.86. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE - Get Free Report) last released its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, beating the consensus estimate of $5.18 by $0.13. The firm had revenue of $5.99 billion during 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 company's quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.65 earnings per share. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. As a group, equities analysts expect that Adobe Inc. will post 16.65 earnings per share for the current fiscal 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.

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