Oxbow Advisors LLC Raises Stock Position in Adobe Inc. $ADBE

Oxbow Advisors LLC raised its holdings in Adobe Inc. (NASDAQ:ADBE) by 3.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,071 shares of the software company’s stock after purchasing an additional 667 shares during the quarter. Adobe accounts for approximately 1.0% of Oxbow Advisors LLC’s investment portfolio, making the stock its 20th biggest holding. Oxbow Advisors LLC’s holdings in Adobe were worth $8,926,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ADBE. 1248 Management LLC acquired a new stake in Adobe during the first quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Adobe in the 1st quarter worth approximately $26,000. Flaharty Asset Management LLC acquired a new stake in shares of Adobe during the 1st quarter worth approximately $29,000. HHM Wealth Advisors LLC purchased a new position in shares of Adobe during the 1st quarter valued at approximately $30,000. Finally, Nexus Investment Management ULC purchased a new stake in Adobe during the second quarter worth $31,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Adobe from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Rothschild & Co Redburn cut Adobe from a “neutral” rating to a “sell” rating and set a $280.00 price target for the company. in a report on Wednesday, July 2nd. JMP Securities reissued a “market perform” rating on shares of Adobe in a report on Friday, September 12th. Barclays upped their target price on Adobe from $460.00 to $465.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. Finally, BMO Capital Markets cut their price target on shares of Adobe from $450.00 to $405.00 and set an “outperform” rating for the company in a report on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Adobe has a consensus rating of “Hold” and a consensus target price of $433.41.

Adobe Price Performance

Shares of NASDAQ ADBE opened at $329.23 on Friday. The firm has a 50-day simple moving average of $351.14 and a 200-day simple moving average of $369.21. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $137.82 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 1.48 and a beta of 1.49. Adobe Inc. has a 52 week low of $327.50 and a 52 week high of $557.90.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.18 by $0.13. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The company had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.91 billion. During the same quarter in the prior year, the company earned $4.65 EPS. Adobe’s revenue was up 10.7% compared to the same quarter last year. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. On average, equities analysts predict that Adobe Inc. will post 16.65 earnings per share for the current fiscal 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.