Aberdeen Group plc Raises Stock Position in Adobe Inc. $ADBE

Aberdeen Group plc raised its stake in Adobe Inc. (NASDAQ:ADBE) by 9.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 538,195 shares of the software company’s stock after buying an additional 46,541 shares during the period. Aberdeen Group plc’s holdings in Adobe were worth $207,905,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in ADBE. 1248 Management LLC purchased a new position in Adobe in the first quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Adobe in the first quarter valued at about $26,000. Flaharty Asset Management LLC purchased a new position in Adobe in the first quarter valued at about $29,000. HHM Wealth Advisors LLC purchased a new position in shares of Adobe during the 1st quarter worth approximately $30,000. Finally, Garde Capital Inc. purchased a new position in shares of Adobe during the 1st quarter worth approximately $34,000. 81.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ADBE shares. JMP Securities reissued a “market perform” rating on shares of Adobe in a research note on Friday, September 12th. Weiss Ratings reissued a “hold (c-)” rating on shares of Adobe in a research note on Wednesday. Piper Sandler dropped their price objective on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating for the company in a research note on Friday, September 12th. BMO Capital Markets dropped their price objective on shares of Adobe from $450.00 to $405.00 and set an “outperform” rating for the company in a research note on Friday, September 12th. Finally, Melius cut shares of Adobe from a “hold” rating to a “sell” rating and set a $310.00 price objective for the company. in a research note on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $433.41.

Adobe Stock Down 2.9%

ADBE stock opened at $337.51 on Friday. The stock has a market capitalization of $141.28 billion, a P/E ratio of 21.03, a PEG ratio of 1.56 and a beta of 1.49. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.02. Adobe Inc. has a one year low of $330.04 and a one year high of $557.90. The company has a 50 day moving average price of $351.67 and a two-hundred day moving average price of $370.78.

Adobe (NASDAQ:ADBE) last released its earnings results on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, topping the consensus estimate of $5.18 by $0.13. The firm had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. Adobe’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the company 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. As a group, sell-side analysts expect that Adobe Inc. will post 16.65 EPS for the current year.

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.