Retirement Guys Formula LLC Buys 328 Shares of Adobe Inc. $ADBE

Retirement Guys Formula LLC raised its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 9.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 3,985 shares of the software company’s stock after acquiring an additional 328 shares during the period. Retirement Guys Formula LLC’s holdings in Adobe were worth $1,542,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of ADBE. GAMMA Investing LLC lifted its stake in Adobe by 46,806.6% during the 1st quarter. GAMMA Investing LLC now owns 2,990,767 shares of the software company’s stock valued at $1,147,049,000 after acquiring an additional 2,984,391 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Adobe by 308.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,109,436 shares of the software company’s stock valued at $1,202,979,000 after purchasing an additional 2,347,562 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Adobe by 68.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,575,792 shares of the software company’s stock valued at $1,754,954,000 after purchasing an additional 1,856,544 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Adobe during the 1st quarter valued at $607,443,000. Finally, OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of Adobe by 1,482.7% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,298,389 shares of the software company’s stock valued at $498,000 after purchasing an additional 1,216,351 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors.

Adobe Trading Down 2.4%

Shares of ADBE opened at $353.27 on Thursday. The business has a 50-day moving average of $355.60 and a 200 day moving average of $375.14. Adobe Inc. has a fifty-two week low of $330.04 and a fifty-two week high of $557.90. The firm has a market cap of $149.86 billion, a P/E ratio of 22.01, a price-to-earnings-growth ratio of 1.62 and a beta of 1.48. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.99 and a current ratio of 1.02.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data 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 company had revenue of $5.99 billion during 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 firm’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter last year, the firm posted $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. As a group, research analysts forecast that Adobe Inc. will post 16.65 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ADBE shares. Evercore ISI decreased their target price on Adobe from $475.00 to $450.00 and set an “outperform” rating for the company in a research report on Friday, September 12th. Oppenheimer decreased their target price on Adobe from $500.00 to $460.00 and set an “outperform” rating for the company in a research report on Tuesday, September 9th. Wall Street Zen raised Adobe from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. UBS Group decreased their target price on Adobe from $400.00 to $375.00 and set a “neutral” rating for the company in a research report on Friday, September 12th. Finally, Robert W. Baird raised their target price on Adobe from $410.00 to $425.00 and gave the company a “neutral” rating in a research report on Monday, June 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $433.41.

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.