Camelot Portfolios LLC Raises Holdings in Adobe Inc. $ADBE

Camelot Portfolios LLC lifted its stake in Adobe Inc. (NASDAQ:ADBE) by 41.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,521 shares of the software company’s stock after buying an additional 448 shares during the quarter. Camelot Portfolios LLC’s holdings in Adobe were worth $588,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ADBE. Brighton Jones LLC boosted its position in Adobe by 2.1% during the fourth quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock worth $3,588,000 after purchasing an additional 167 shares in the last quarter. Siemens Fonds Invest GmbH raised its holdings in shares of Adobe by 252.9% during the fourth quarter. Siemens Fonds Invest GmbH now owns 55,658 shares of the software company’s stock valued at $25,000 after acquiring an additional 39,888 shares during the last quarter. Summit Global Investments raised its holdings in shares of Adobe by 530.5% during the first quarter. Summit Global Investments now owns 2,995 shares of the software company’s stock valued at $1,149,000 after acquiring an additional 2,520 shares during the last quarter. Welch Group LLC acquired a new position in shares of Adobe during the first quarter valued at approximately $209,000. Finally, Rothschild Investment LLC raised its holdings in shares of Adobe by 94.3% during the first quarter. Rothschild Investment LLC now owns 2,129 shares of the software company’s stock valued at $817,000 after acquiring an additional 1,033 shares during the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Price Performance

Shares of NASDAQ:ADBE opened at $360.37 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. Adobe Inc. has a fifty-two week low of $330.04 and a fifty-two week high of $557.90. The firm has a 50-day simple moving average of $355.25 and a 200 day simple moving average of $373.63. The company has a market cap of $150.85 billion, a PE ratio of 22.45, a P/E/G ratio of 1.62 and a beta of 1.48.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the firm earned $4.65 EPS. The company’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, sell-side analysts anticipate that Adobe Inc. will post 16.65 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on ADBE shares. 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. BMO Capital Markets cut their target price on Adobe from $450.00 to $405.00 and set an “outperform” rating for the company in a research note on Friday, September 12th. TD Cowen cut their target price on Adobe from $470.00 to $420.00 and set a “hold” rating for the company in a research note on Friday, September 12th. Wall Street Zen raised shares of Adobe from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Finally, Phillip Securities upgraded Adobe from a “moderate sell” rating to a “strong-buy” rating in a report on Monday, June 16th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $433.41.

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.