Vanguard Personalized Indexing Management LLC Purchases 4,732 Shares of Adobe Inc. $ADBE

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Adobe Inc. by 8.6% during the second quarter, acquiring an additional 4,732 shares worth approximately $23 million.
• Adobe recently reported quarterly earnings of $5.31 per share, beating analyst expectations, with revenue rising by 10.7% year-over-year to nearly $6 billion.
• Shares of Adobe stock are currently trading at $337.51, down 2.9%, with various analysts recently adjusting their ratings and price targets for the stock.

Vanguard Personalized Indexing Management LLC raised its position in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 8.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,573 shares of the software company's stock after purchasing an additional 4,732 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Adobe were worth $23,056,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of ADBE. Brighton Jones LLC raised its position in Adobe by 2.1% during the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company's stock valued at $3,588,000 after purchasing an additional 167 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Adobe by 22.3% in the 1st quarter. GAMMA Investing LLC now owns 7,798 shares of the software company's stock worth $2,991,000 after acquiring an additional 1,422 shares in the last quarter. Rockland Trust Co. raised its position in shares of Adobe by 27.7% in the 1st quarter. Rockland Trust Co. now owns 1,760 shares of the software company's stock worth $675,000 after acquiring an additional 382 shares in the last quarter. Powers Advisory Group LLC raised its position in shares of Adobe by 5.2% in the 1st quarter. Powers Advisory Group LLC now owns 651 shares of the software company's stock worth $250,000 after acquiring an additional 32 shares in the last quarter. Finally, CVA Family Office LLC raised its position in shares of Adobe by 4.8% in the 1st quarter. CVA Family Office LLC now owns 1,405 shares of the software company's stock worth $539,000 after acquiring an additional 64 shares in the last quarter. 81.79% of the stock is owned by institutional investors.

Adobe Stock Down 2.9%

Shares of ADBE stock opened at $337.51 on Friday. The stock's 50-day simple moving average is $351.67 and its 200-day simple moving average is $370.59. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $141.28 billion, a PE ratio of 21.03, a P/E/G ratio of 1.51 and a beta of 1.49. 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.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Robert W. Baird boosted 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. Phillip Securities raised Adobe from a "moderate sell" rating to a "strong-buy" rating in a research report on Monday, June 16th. JMP Securities reissued a "market perform" rating on shares of Adobe in a research report on Friday, September 12th. UBS Group reduced their target price on Adobe from $400.00 to $375.00 and set a "neutral" rating on the stock in a research report on Friday, September 12th. Finally, Morgan Stanley lowered Adobe from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $520.00 to $450.00 in a research report on Wednesday, September 24th. 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $433.41.

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.

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