Talbot Financial LLC Boosts Position in Adobe Inc. $ADBE

Key Points

• Talbot Financial LLC increased its holdings in Adobe Inc. by 26.0% during the second quarter, owning 46,157 shares valued at approximately $17.86 million.
• Adobe's recent earnings surpassed expectations, with $5.31 earnings per share and revenue of $5.99 billion, reflecting a 10.7% year-over-year increase.
• Several analysts have downgraded their price forecasts for Adobe, with average target prices now around $433.41, indicating mixed sentiment among research analysts.

Talbot Financial LLC boosted its holdings in Adobe Inc. (NASDAQ:ADBE - Free Report) by 26.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 46,157 shares of the software company's stock after buying an additional 9,532 shares during the period. Adobe makes up about 1.7% of Talbot Financial LLC's investment portfolio, making the stock its 22nd largest position. Talbot Financial LLC's holdings in Adobe were worth $17,857,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ADBE. Schmidt P J Investment Management Inc. grew its holdings in Adobe by 2.9% during the 1st 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. grew its holdings in Adobe by 0.3% during the 1st 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 grew its holdings in Adobe by 1.9% during the 1st 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 grew its holdings in Adobe by 3.6% during the 1st 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. grew its holdings in Adobe by 5.2% during the 1st quarter. VanderPol Investments L.L.C. now owns 546 shares of the software company's stock worth $209,000 after acquiring an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 81.79% of the company's stock.

Analyst Upgrades and Downgrades

ADBE has been the subject of several recent analyst reports. Piper Sandler decreased their price objective on shares of Adobe from $500.00 to $470.00 and set an "overweight" rating for the company in a report on Friday, September 12th. Wall Street Zen raised shares of Adobe from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Oppenheimer decreased their price objective on shares of Adobe from $500.00 to $460.00 and set an "outperform" rating for the company in a report on Tuesday, September 9th. Melius lowered shares of Adobe from a "hold" rating to a "sell" rating and set a $310.00 price objective for the company. in a report on Monday, August 11th. Finally, BMO Capital Markets decreased their price objective on shares of Adobe from $450.00 to $405.00 and set an "outperform" rating for the company in a report on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Adobe presently has an average rating of "Hold" and an average target price of $433.41.

Adobe Stock Down 1.3%

NASDAQ ADBE opened at $346.74 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02. The company's 50 day simple moving average is $353.22 and its 200 day simple moving average is $372.26. Adobe Inc. has a 12 month low of $330.04 and a 12 month high of $557.90. The company has a market capitalization of $145.15 billion, a P/E ratio of 21.60, a PEG ratio of 1.55 and a beta of 1.49.

Adobe (NASDAQ:ADBE - Get Free Report) last released its earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, topping the consensus estimate of $5.18 by $0.13. The business had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The firm's quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the firm 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. Equities research 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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