GS Investments Inc. Has $3 Million Holdings in Adobe Inc. $ADBE

GS Investments Inc. boosted its stake in Adobe Inc. (NASDAQ:ADBE) by 2.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,741 shares of the software company’s stock after acquiring an additional 178 shares during the quarter. GS Investments Inc.’s holdings in Adobe were worth $2,995,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. PFG Advisors grew its holdings in Adobe by 20.8% during the first quarter. PFG Advisors now owns 4,964 shares of the software company’s stock worth $1,904,000 after purchasing an additional 855 shares during the period. Lathrop Investment Management Co. lifted its position in shares of Adobe by 2.8% in the second quarter. Lathrop Investment Management Co. now owns 26,544 shares of the software company’s stock valued at $10,269,000 after buying an additional 718 shares during the last quarter. Mcdaniel Terry & Co. lifted its position in shares of Adobe by 2.8% in the second quarter. Mcdaniel Terry & Co. now owns 39,507 shares of the software company’s stock valued at $15,284,000 after buying an additional 1,093 shares during the last quarter. Jackson Thornton Wealth Management LLC bought a new position in shares of Adobe during the 2nd quarter worth approximately $328,000. Finally, Koss Olinger Consulting LLC acquired a new position in shares of Adobe during the 1st quarter worth approximately $305,000. Institutional investors own 81.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Citigroup cut their price target on Adobe from $450.00 to $400.00 and set a “neutral” rating for the company in a report on Thursday, September 11th. Royal Bank Of Canada cut their target price on shares of Adobe from $480.00 to $430.00 and set an “outperform” rating for the company in a research note on Monday, September 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Adobe in a research note on Wednesday, October 8th. JMP Securities reissued a “market perform” rating on shares of Adobe in a report on Friday, September 12th. Finally, Cowen restated a “hold” rating on shares of Adobe in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Adobe presently has a consensus rating of “Hold” and a consensus price target of $433.41.

Insider Activity

In related news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $337.88, for a total value of $50,344.12. Following the transaction, the chief accounting officer directly owned 3,426 shares of the company’s stock, valued at $1,157,576.88. This trade represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.16% of the company’s stock.

Adobe Price Performance

Shares of NASDAQ ADBE opened at $326.95 on Friday. The business has a fifty day moving average price of $348.22 and a two-hundred day moving average price of $368.22. The stock has a market capitalization of $136.86 billion, a PE ratio of 20.37, a P/E/G ratio of 1.51 and a beta of 1.47. 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 fifty-two week low of $323.03 and a fifty-two week high of $557.90.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, topping the consensus estimate of $5.18 by $0.13. The business had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. Adobe’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the business 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. As a group, 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.