Salomon & Ludwin LLC Acquires 62 Shares of Adobe Inc. $ADBE

Salomon & Ludwin LLC increased its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 45.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 198 shares of the software company’s stock after purchasing an additional 62 shares during the period. Salomon & Ludwin LLC’s holdings in Adobe were worth $75,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Crux Wealth Advisors boosted its stake in shares of Adobe by 53.2% during the second quarter. Crux Wealth Advisors now owns 1,808 shares of the software company’s stock valued at $699,000 after purchasing an additional 628 shares in the last quarter. Chicago Partners Investment Group LLC boosted its stake in Adobe by 48.6% in the second quarter. Chicago Partners Investment Group LLC now owns 5,193 shares of the software company’s stock valued at $1,934,000 after acquiring an additional 1,699 shares in the last quarter. Sigma Investment Counselors Inc. grew its holdings in Adobe by 4.5% in the second quarter. Sigma Investment Counselors Inc. now owns 8,745 shares of the software company’s stock worth $3,383,000 after purchasing an additional 378 shares during the last quarter. Dumont & Blake Investment Advisors LLC purchased a new position in Adobe in the second quarter worth $706,000. Finally, International Assets Investment Management LLC grew its holdings in Adobe by 17.6% in the second quarter. International Assets Investment Management LLC now owns 6,701 shares of the software company’s stock worth $2,592,000 after purchasing an additional 1,005 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors.

Adobe Trading Up 1.2%

NASDAQ:ADBE opened at $333.26 on Monday. Adobe Inc. has a 12 month low of $327.50 and a 12 month high of $557.90. The firm has a fifty day simple moving average of $350.99 and a 200-day simple moving average of $368.76. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $139.50 billion, a P/E ratio of 20.76, a PEG ratio of 1.49 and a beta of 1.49.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, topping 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 business had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same period in the previous year, the firm posted $4.65 earnings per share. The business’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, equities research analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

ADBE has been the topic of several analyst reports. Piper Sandler cut their price target on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a report on Friday, September 12th. Rothschild & Co Redburn lowered shares of Adobe from a “neutral” rating to a “sell” rating and set a $280.00 price target on the stock. in a report on Wednesday, July 2nd. DA Davidson reaffirmed a “buy” rating and issued a $500.00 price target on shares of Adobe in a report on Friday, September 12th. UBS Group cut their price target on shares of Adobe from $400.00 to $375.00 and set a “neutral” rating on the stock in a report on Friday, September 12th. Finally, Evercore ISI cut their price target on shares of Adobe from $475.00 to $450.00 and set an “outperform” rating on the stock in a report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $433.41.

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.