Trilogy Capital Inc. Acquires 980 Shares of Adobe Inc. $ADBE

Key Points

• Trilogy Capital Inc. increased its holdings in Adobe Inc. by 19.2% in the second quarter, owning a total of 6,090 shares valued at approximately $2.36 million.
• Adobe recently reported earnings that surpassed analysts' expectations, yielding $5.31 EPS on revenue of $5.99 billion, reflecting a year-over-year revenue increase of 10.7%.
• Wall Street analysts have mixed ratings on Adobe, with several firms adjusting price targets, resulting in an average target of $433.41 amid ratings that range from "Strong Buy" to "Sell."

Trilogy Capital Inc. grew its holdings in Adobe Inc. (NASDAQ:ADBE - Free Report) by 19.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,090 shares of the software company's stock after purchasing an additional 980 shares during the period. Trilogy Capital Inc.'s holdings in Adobe were worth $2,356,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Rogco LP increased its stake in shares of Adobe by 14.2% in the 2nd quarter. Rogco LP now owns 1,394 shares of the software company's stock valued at $539,000 after purchasing an additional 173 shares during the last quarter. Consolidated Portfolio Review Corp increased its stake in shares of Adobe by 4.9% in the 2nd quarter. Consolidated Portfolio Review Corp now owns 6,301 shares of the software company's stock valued at $2,438,000 after purchasing an additional 292 shares during the last quarter. Columbia Asset Management grew its position in Adobe by 2.0% during the 2nd quarter. Columbia Asset Management now owns 15,537 shares of the software company's stock worth $6,011,000 after acquiring an additional 305 shares during the last quarter. Cooper Financial Group grew its position in Adobe by 53.8% during the 2nd quarter. Cooper Financial Group now owns 5,619 shares of the software company's stock worth $2,174,000 after acquiring an additional 1,965 shares during the last quarter. Finally, Broadway Wealth Solutions Inc. grew its position in Adobe by 13.7% during the 2nd quarter. Broadway Wealth Solutions Inc. now owns 753 shares of the software company's stock worth $291,000 after acquiring an additional 91 shares during the last quarter. Institutional investors own 81.79% of the company's stock.

Wall Street Analysts Forecast Growth

ADBE has been the topic of a number of research reports. Royal Bank Of Canada reduced their price objective on Adobe from $480.00 to $430.00 and set an "outperform" rating on the stock in a research report on Monday, September 8th. Oppenheimer reduced their price objective on Adobe from $500.00 to $460.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 9th. Wells Fargo & Company restated an "overweight" rating and set a $470.00 price objective (up previously from $430.00) on shares of Adobe in a research report on Friday, June 13th. Redburn Atlantic lowered Adobe from a "hold" rating to a "strong sell" rating and reduced their price objective for the stock from $420.00 to $280.00 in a research report on Wednesday, July 2nd. Finally, Wall Street Zen upgraded Adobe from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $433.41.

Adobe Stock Down 2.6%

Shares of NASDAQ:ADBE opened at $343.72 on Thursday. The company has a market capitalization of $143.88 billion, a price-to-earnings ratio of 21.42, a P/E/G ratio of 1.58 and a beta of 1.49. 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 business's 50-day moving average is $354.11 and its 200-day moving average is $373.01. Adobe Inc. has a 1 year low of $330.04 and a 1 year 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 (EPS) for the quarter, beating analysts' consensus estimates of $5.18 by $0.13. The company had revenue of $5.99 billion for 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 firm's revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business earned $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. Equities research analysts predict 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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