Taylor Hoffman Capital Management LLC Acquires 890 Shares of Adobe Inc. $ADBE

Taylor Hoffman Capital Management LLC raised its holdings in Adobe Inc. (NASDAQ:ADBE - Free Report) by 7.3% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,045 shares of the software company's stock after acquiring an additional 890 shares during the quarter. Adobe makes up 1.7% of Taylor Hoffman Capital Management LLC's holdings, making the stock its 22nd largest holding. Taylor Hoffman Capital Management LLC's holdings in Adobe were worth $5,047,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Siemens Fonds Invest GmbH grew 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 worth $25,000 after buying an additional 39,888 shares in the last quarter. 1248 Management LLC bought a new position in shares of Adobe during the 1st quarter worth $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Adobe during the 1st quarter worth $26,000. SWAN Capital LLC bought a new position in shares of Adobe during the 4th quarter worth $28,000. Finally, Copia Wealth Management bought a new position in shares of Adobe during the 4th quarter worth $28,000. Institutional investors own 81.79% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Robert W. Baird increased their price target on Adobe from $410.00 to $425.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. DA Davidson reissued a "buy" rating and set a $500.00 price target on shares of Adobe in a research report on Friday, September 12th. Bank of America increased their price target on Adobe from $424.00 to $475.00 and gave the stock a "buy" rating in a research report on Friday, June 13th. Redburn Partners set a $280.00 price objective on Adobe in a research note on Monday, September 1st. Finally, TD Cowen decreased their price objective on Adobe from $470.00 to $420.00 and set a "hold" rating for the company in a research note on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Adobe has an average rating of "Moderate Buy" and an average price target of $435.63.

Adobe Stock Up 1.6%

Shares of ADBE stock opened at $352.73 on Wednesday. The stock's 50-day simple moving average is $356.13 and its 200-day simple moving average is $378.15. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.99 and a current ratio of 1.02. The firm has a market capitalization of $149.63 billion, a PE ratio of 21.98, a P/E/G ratio of 1.57 and a beta of 1.48. Adobe Inc. has a fifty-two week low of $330.04 and a fifty-two week high of $557.90.

Adobe (NASDAQ:ADBE - Get Free Report) last announced its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, beating analysts' consensus estimates of $5.18 by $0.13. The business had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.91 billion. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The company's revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the company earned $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 analysts expect that Adobe Inc. will post 16.65 earnings per share for the current year.

About Adobe

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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