Adobe Inc. $ADBE Shares Acquired by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC increased its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 357.1% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 8,726 shares of the software company’s stock after acquiring an additional 6,817 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Adobe were worth $3,376,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. 1248 Management LLC purchased a new position in shares of Adobe in the first quarter valued at $25,000. Flaharty Asset Management LLC acquired a new position in Adobe in the 1st quarter worth $29,000. HHM Wealth Advisors LLC purchased a new position in Adobe in the 1st quarter valued at about $30,000. Nexus Investment Management ULC acquired a new stake in shares of Adobe during the second quarter valued at about $31,000. Finally, Barnes Dennig Private Wealth Management LLC increased its position in shares of Adobe by 44.9% during the second quarter. Barnes Dennig Private Wealth Management LLC now owns 100 shares of the software company’s stock worth $39,000 after acquiring an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ADBE. Redburn Partners set a $280.00 price target on Adobe in a report on Monday, September 1st. Oppenheimer reduced their target price on Adobe from $500.00 to $460.00 and set an “outperform” rating for the company in a research note on Tuesday, September 9th. Cowen restated a “hold” rating on shares of Adobe in a research note on Wednesday, October 29th. Wall Street Zen cut shares of Adobe from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Morgan Stanley downgraded shares of Adobe from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $520.00 to $450.00 in a research note on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Adobe has an average rating of “Hold” and a consensus target price of $433.41.

Adobe Stock Performance

Shares of ADBE opened at $326.95 on Monday. The stock has a market capitalization of $136.86 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 1.51 and a beta of 1.47. The business’s fifty day moving average price is $348.22 and its 200 day moving average price is $368.33. 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 $323.03 and a 12-month high of $557.90.

Adobe (NASDAQ:ADBE) last released its earnings results 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. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The firm had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.91 billion. During the same quarter in the previous year, the firm earned $4.65 earnings per share. The firm’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. Equities research analysts forecast that Adobe Inc. will post 16.65 EPS for the current year.

Insiders Place Their Bets

In other Adobe news, CAO Jillian Forusz sold 149 shares of the firm’s stock in a transaction dated 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 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 at this link. 0.16% of the stock is currently owned by company insiders.

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.