Studio Investment Management LLC Purchases 1,398 Shares of Adobe Inc. $ADBE

Studio Investment Management LLC grew its position in shares of Adobe Inc. (NASDAQ:ADBE) by 81.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,106 shares of the software company’s stock after buying an additional 1,398 shares during the period. Studio Investment Management LLC’s holdings in Adobe were worth $1,202,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ADBE. Brighton Jones LLC increased 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 worth $3,588,000 after buying an additional 167 shares during the period. GAMMA Investing LLC increased its position in Adobe by 22.3% during the 1st quarter. GAMMA Investing LLC now owns 7,798 shares of the software company’s stock worth $2,991,000 after buying an additional 1,422 shares during the period. Asset Management One Co. Ltd. increased its position in shares of Adobe by 3.3% in the first quarter. Asset Management One Co. Ltd. now owns 219,510 shares of the software company’s stock worth $84,189,000 after purchasing an additional 7,016 shares during the period. GHP Investment Advisors Inc. increased its position in shares of Adobe by 8.4% in the first quarter. GHP Investment Advisors Inc. now owns 15,332 shares of the software company’s stock worth $5,880,000 after purchasing an additional 1,186 shares during the period. Finally, Legacy Advisors LLC increased its position in shares of Adobe by 2.5% in the first quarter. Legacy Advisors LLC now owns 2,004 shares of the software company’s stock worth $769,000 after purchasing an additional 49 shares during the period. Institutional investors own 81.79% of the company’s stock.

Analyst Ratings Changes

ADBE has been the topic of a number of recent analyst reports. BMO Capital Markets decreased their price target on Adobe from $450.00 to $405.00 and set an “outperform” rating on the stock in a research report on Friday, September 12th. Barclays raised their price target on Adobe from $460.00 to $465.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. UBS Group decreased their price target on Adobe from $400.00 to $375.00 and set a “neutral” rating on the stock in a research report on Friday, September 12th. Oppenheimer decreased their price target on Adobe from $500.00 to $460.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 9th. Finally, Citigroup decreased their price target on Adobe from $450.00 to $400.00 and set a “neutral” rating on the stock in a research report on Thursday, September 11th. One 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. According to MarketBeat, Adobe currently has a consensus rating of “Hold” and a consensus price target of $433.41.

Adobe Stock Performance

NASDAQ:ADBE opened at $357.55 on Wednesday. The stock’s 50-day simple moving average is $351.57 and its 200 day simple moving average is $368.64. The firm has a market capitalization of $149.67 billion, a PE ratio of 22.28, a price-to-earnings-growth ratio of 1.54 and a beta of 1.49. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. Adobe Inc. has a twelve month low of $327.50 and a twelve month 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, beating the consensus estimate 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%.Adobe’s revenue was up 10.7% compared to the same quarter last year. During the same period last year, the firm 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, analysts anticipate that Adobe Inc. will post 16.65 EPS for the current fiscal year.

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.