Adobe Inc. $ADBE Shares Bought by Mcdaniel Terry & Co.

Mcdaniel Terry & Co. grew its stake in Adobe Inc. (NASDAQ:ADBE) by 2.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,507 shares of the software company’s stock after purchasing an additional 1,093 shares during the period. Adobe makes up approximately 1.3% of Mcdaniel Terry & Co.’s portfolio, making the stock its 28th biggest holding. Mcdaniel Terry & Co.’s holdings in Adobe were worth $15,284,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ADBE. PFG Advisors increased its position in Adobe by 20.8% during the 1st 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. Krane Funds Advisors LLC lifted its holdings in Adobe by 110.4% in the first quarter. Krane Funds Advisors LLC now owns 1,391 shares of the software company’s stock valued at $533,000 after acquiring an additional 730 shares during the period. Financial Counselors Inc. boosted its position in shares of Adobe by 9.2% during the 1st quarter. Financial Counselors Inc. now owns 62,851 shares of the software company’s stock worth $24,105,000 after purchasing an additional 5,298 shares in the last quarter. Jackson Thornton Wealth Management LLC acquired a new position in shares of Adobe during the 2nd quarter worth $328,000. Finally, Koss Olinger Consulting LLC purchased a new position in shares of Adobe in the 1st quarter valued at about $305,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Trading Down 0.2%

Adobe stock opened at $353.52 on Friday. The stock has a 50-day moving average price of $351.71 and a 200 day moving average price of $368.72. Adobe Inc. has a 52 week low of $327.50 and a 52 week high of $557.90. The stock has a market cap of $147.98 billion, a PE ratio of 22.03, a P/E/G ratio of 1.59 and a beta of 1.49. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53.

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. The company had revenue of $5.99 billion for 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%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the company earned $4.65 EPS. 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 predict that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. JMP Securities restated a “market perform” rating on shares of Adobe in a research report on Friday, September 12th. Royal Bank Of Canada decreased their price target on Adobe from $480.00 to $430.00 and set an “outperform” rating on the stock in a research note on Monday, September 8th. Morgan Stanley downgraded Adobe from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $520.00 to $450.00 in a research note on Wednesday, September 24th. Rothschild & Co Redburn downgraded Adobe from a “neutral” rating to a “sell” rating and set a $280.00 target price on the stock. in a research report on Wednesday, July 2nd. Finally, Barclays raised their price target on Adobe from $460.00 to $465.00 and gave the company an “overweight” rating in a research 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target 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.