Adobe Inc. $ADBE Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. raised its holdings in Adobe Inc. (NASDAQ:ADBE) by 1.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 57,232 shares of the software company’s stock after purchasing an additional 797 shares during the period. D.A. Davidson & CO.’s holdings in Adobe were worth $22,142,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ADBE. Brighton Jones LLC grew its holdings in Adobe by 2.1% in the fourth 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 during the period. GAMMA Investing LLC grew its holdings in Adobe by 22.3% in the first quarter. GAMMA Investing LLC now owns 7,798 shares of the software company’s stock valued at $2,991,000 after purchasing an additional 1,422 shares during the period. Asset Management One Co. Ltd. grew its holdings in Adobe by 3.3% in the first quarter. Asset Management One Co. Ltd. now owns 219,510 shares of the software company’s stock valued at $84,189,000 after purchasing an additional 7,016 shares during the period. GHP Investment Advisors Inc. grew its holdings in Adobe by 8.4% in the first quarter. GHP Investment Advisors Inc. now owns 15,332 shares of the software company’s stock valued at $5,880,000 after purchasing an additional 1,186 shares during the period. Finally, Legacy Advisors LLC grew its holdings in Adobe by 2.5% in the first quarter. Legacy Advisors LLC now owns 2,004 shares of the software company’s stock valued at $769,000 after purchasing an additional 49 shares during the period. 81.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on ADBE shares. Mizuho lowered Adobe from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 24th. UBS Group dropped their price objective on Adobe from $400.00 to $375.00 and set a “neutral” rating on the stock in a report on Friday, September 12th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Adobe in a research note on Wednesday, October 8th. Redburn Partners set a $280.00 price target on Adobe in a research note on Monday, September 1st. Finally, Barclays lifted their price target on Adobe from $460.00 to $465.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Adobe has a consensus rating of “Hold” and an average price target of $433.41.

Adobe Stock Performance

NASDAQ ADBE opened at $357.55 on Wednesday. The stock’s fifty day moving average is $351.57 and its two-hundred day moving average is $368.64. The firm has a market capitalization of $149.67 billion, a P/E ratio of 22.28, a price-to-earnings-growth ratio of 1.54 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 fifty-two week low of $327.50 and a fifty-two week high of $557.90.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, topping analysts’ consensus estimates of $5.18 by $0.13. The company 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 firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. On average, research analysts anticipate 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.