Martin Investment Management LLC Buys 3,158 Shares of Adobe Inc. $ADBE

Martin Investment Management LLC lifted its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 28.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,161 shares of the software company’s stock after acquiring an additional 3,158 shares during the period. Adobe makes up about 1.4% of Martin Investment Management LLC’s investment portfolio, making the stock its 28th largest holding. Martin Investment Management LLC’s holdings in Adobe were worth $5,431,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in ADBE. Copia Wealth Management bought a new position in Adobe during the 4th quarter worth about $28,000. SWAN Capital LLC bought a new stake in shares of Adobe in the fourth quarter valued at about $28,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Adobe during the first quarter worth about $26,000. HHM Wealth Advisors LLC acquired a new position in shares of Adobe during the first quarter worth about $30,000. Finally, Bernard Wealth Management Corp. bought a new position in shares of Adobe during the fourth quarter worth about $36,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Adobe Stock Performance

Shares of ADBE stock opened at $353.43 on Thursday. The company has a fifty day moving average price of $368.37 and a two-hundred day moving average price of $391.09. Adobe Inc. has a one year low of $330.04 and a one year high of $587.75. The stock has a market cap of $149.93 billion, a P/E ratio of 22.61, a P/E/G ratio of 1.71 and a beta of 1.51. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.99 and a quick ratio of 0.99.

Adobe (NASDAQ:ADBE) last issued its earnings results on Thursday, June 12th. The software company reported $5.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.97 by $0.09. Adobe had a net margin of 30.39% and a return on equity of 53.68%. The company had revenue of $5.87 billion for the quarter, compared to analysts’ expectations of $5.80 billion. During the same period in the prior year, the firm earned $4.48 EPS. Adobe’s quarterly revenue was up 10.6% compared to the same quarter last year. Adobe has set its Q3 2025 guidance at 5.150-5.200 EPS. FY 2025 guidance at 20.500-20.700 EPS. As a group, equities analysts predict that Adobe Inc. will post 16.65 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ADBE shares. Wells Fargo & Company reaffirmed an “overweight” rating and set a $470.00 price target (up from $430.00) on shares of Adobe in a research note on Friday, June 13th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $480.00 target price on shares of Adobe in a research report on Thursday, June 5th. Citigroup lowered their price target on shares of Adobe from $465.00 to $450.00 and set a “neutral” rating on the stock in a research note on Monday, June 16th. Evercore ISI restated an “outperform” rating and set a $475.00 price objective on shares of Adobe in a research note on Friday, June 13th. Finally, UBS Group raised their price objective on Adobe from $380.00 to $430.00 and gave the company a “neutral” rating in a report on Monday, June 9th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Adobe has a consensus rating of “Moderate Buy” and an average target price of $467.58.

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.