Adobe Inc. $ADBE Shares Purchased by AlTi Global Inc.

AlTi Global Inc. increased its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,633 shares of the software company’s stock after buying an additional 220 shares during the period. AlTi Global Inc.’s holdings in Adobe were worth $8,368,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ADBE. Brighton Jones LLC increased its stake in shares of Adobe by 2.1% during the fourth 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 grew its stake in shares of Adobe by 22.3% during the first quarter. GAMMA Investing LLC now owns 7,798 shares of the software company’s stock worth $2,991,000 after purchasing an additional 1,422 shares in the last quarter. Moran Wealth Management LLC increased its holdings in Adobe by 6.5% in the first quarter. Moran Wealth Management LLC now owns 1,402 shares of the software company’s stock valued at $538,000 after buying an additional 86 shares during the last quarter. Global Assets Advisory LLC acquired a new stake in Adobe in the first quarter valued at $217,000. Finally, Golden State Equity Partners lifted its holdings in Adobe by 3.1% during the 1st quarter. Golden State Equity Partners now owns 1,065 shares of the software company’s stock worth $408,000 after buying an additional 32 shares during the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Analyst Upgrades and Downgrades

ADBE has been the topic of a number of recent analyst reports. DA Davidson reiterated a “buy” rating and issued a $500.00 price objective on shares of Adobe in a report on Friday, September 12th. Redburn Partners set a $280.00 price target on shares of Adobe in a research note on Monday, September 1st. Piper Sandler lowered their target price on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating for the company in a report on Friday, September 12th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Adobe in a research report on Wednesday, October 8th. Finally, TD Cowen reduced their price target on shares of Adobe from $470.00 to $420.00 and set a “hold” rating for the company in a research report 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 issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $433.41.

Adobe Trading Up 0.0%

NASDAQ ADBE opened at $354.12 on Friday. Adobe Inc. has a one year low of $327.50 and a one year high of $557.90. The firm has a market cap of $148.23 billion, a PE ratio of 22.06, a P/E/G ratio of 1.59 and a beta of 1.49. The firm’s fifty day moving average is $351.74 and its two-hundred day moving average is $368.63. 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 (NASDAQ:ADBE) last issued its quarterly earnings results 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 return on equity of 57.54% and a net margin of 30.01%.The firm had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.91 billion. During the same quarter in the previous year, the firm posted $4.65 EPS. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. Analysts expect 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.