Adobe Inc. $ADBE Shares Bought by Solstein Capital LLC

Solstein Capital LLC raised its holdings in Adobe Inc. (NASDAQ:ADBE) by 34.2% during the second quarter, HoldingsChannel.com reports. The firm owned 357 shares of the software company’s stock after buying an additional 91 shares during the period. Solstein Capital LLC’s holdings in Adobe were worth $138,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. 1248 Management LLC acquired a new stake in shares of Adobe during the 1st quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Adobe during the 1st quarter valued at approximately $26,000. Flaharty Asset Management LLC acquired a new stake in shares of Adobe during the 1st quarter valued at approximately $29,000. HHM Wealth Advisors LLC acquired a new stake in shares of Adobe during the 1st quarter valued at approximately $30,000. Finally, Nexus Investment Management ULC acquired a new stake in shares of Adobe during the 2nd quarter valued at approximately $31,000. 81.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. BMO Capital Markets dropped 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. Royal Bank Of Canada dropped their price target on Adobe from $480.00 to $430.00 and set an “outperform” rating on the stock in a research report on Monday, September 8th. Redburn Atlantic lowered Adobe from a “hold” rating to a “strong sell” rating and dropped their price target for the company from $420.00 to $280.00 in a research report on Wednesday, July 2nd. Redburn Partners set a $280.00 price objective on Adobe in a research note on Monday, September 1st. Finally, DA Davidson restated a “buy” rating and set a $500.00 price objective on shares of Adobe in a research note on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $433.41.

Adobe Price Performance

Shares of ADBE opened at $353.52 on Monday. The company has a market cap of $147.98 billion, a P/E ratio of 22.03, a PEG ratio of 1.58 and a beta of 1.49. The stock has a fifty day moving average price of $351.71 and a 200 day moving average price of $368.95. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02. Adobe Inc. has a 12 month low of $327.50 and a 12 month high of $557.90.

Adobe (NASDAQ:ADBE) last released its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, topping 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 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 business posted $4.65 earnings per share. The company’s revenue for the quarter 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, research analysts forecast that Adobe Inc. will post 16.65 earnings per share 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.