Tocqueville Asset Management L.P. Raises Stock Position in Adobe Inc. $ADBE

Key Points

• Tocqueville Asset Management L.P. increased its stake in Adobe Inc. by 2.0%, owning a total of 125,692 shares valued at approximately $48.21 million as of the end of the last quarter.
• Various institutional investors have shown increased interest in Adobe, with 81.79% of the stock held by hedge funds and institutional investors.
• Recent analyst reports have varied, with price targets for Adobe ranging from $280 (Redburn Atlantic) to $475 (Evercore ISI), showcasing a consensus rating of "Moderate Buy" with a target price of $467.58.

Tocqueville Asset Management L.P. boosted its position in Adobe Inc. (NASDAQ:ADBE - Free Report) by 2.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 125,692 shares of the software company's stock after purchasing an additional 2,503 shares during the period. Tocqueville Asset Management L.P.'s holdings in Adobe were worth $48,207,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Copia Wealth Management purchased a new stake in shares of Adobe during the 4th quarter valued at $28,000. SWAN Capital LLC purchased a new position in Adobe in the 4th quarter worth $28,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Adobe in the 1st quarter worth $26,000. HHM Wealth Advisors LLC purchased a new position in Adobe in the 1st quarter worth $30,000. Finally, Bernard Wealth Management Corp. purchased a new position in Adobe in the 4th quarter worth $36,000. 81.79% of the stock is owned by institutional investors.

Adobe Stock Performance

ADBE stock traded up $3.79 during trading on Tuesday, reaching $361.03. The company had a trading volume of 2,773,009 shares, compared to its average volume of 3,783,909. The firm has a 50-day simple moving average of $370.66 and a 200-day simple moving average of $391.57. The company has a market cap of $153.15 billion, a price-to-earnings ratio of 23.10, a price-to-earnings-growth ratio of 1.68 and a beta of 1.51. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 0.99. Adobe Inc. has a twelve month low of $330.04 and a twelve month high of $587.75.

Adobe (NASDAQ:ADBE - Get Free Report) last released its earnings results on Thursday, June 12th. The software company reported $5.06 EPS for the quarter, topping analysts' consensus estimates of $4.97 by $0.09. Adobe had a net margin of 30.39% and a return on equity of 53.68%. The company had revenue of $5.87 billion during the quarter, compared to analysts' expectations of $5.80 billion. During the same period last year, the business earned $4.48 EPS. Adobe's revenue for the quarter was up 10.6% on a year-over-year basis. Adobe has set its Q3 2025 guidance at 5.150-5.200 EPS. FY 2025 guidance at 20.500-20.700 EPS. As a group, sell-side analysts expect that Adobe Inc. will post 16.65 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ADBE shares. Mizuho cut their price target on shares of Adobe from $575.00 to $530.00 and set an "outperform" rating on the stock in a report on Friday, June 13th. Oppenheimer lowered their price target on shares of Adobe from $530.00 to $500.00 and set an "outperform" rating for the company in a research report on Friday, June 13th. Wall Street Zen raised shares of Adobe from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Piper Sandler decreased their price objective on shares of Adobe from $600.00 to $500.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Finally, Stifel Nicolaus cut their target price on shares of Adobe from $525.00 to $480.00 and set a "buy" rating for the company in a research report on Friday, June 13th. Two research analysts have 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $467.58.

Adobe 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.