Hennessy Advisors Inc. Makes New $108,000 Investment in Adobe Inc. $ADBE

Hennessy Advisors Inc. acquired a new stake in Adobe Inc. (NASDAQ:ADBE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 278 shares of the software company’s stock, valued at approximately $108,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Brighton Jones LLC lifted its stake in shares of Adobe by 2.1% in the fourth quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock valued at $3,588,000 after buying an additional 167 shares during the period. Vest Financial LLC raised its holdings in Adobe by 73.4% in the 1st quarter. Vest Financial LLC now owns 4,497 shares of the software company’s stock valued at $1,725,000 after acquiring an additional 1,904 shares in the last quarter. Princeton Global Asset Management LLC lifted its position in shares of Adobe by 30.2% in the 1st quarter. Princeton Global Asset Management LLC now owns 250 shares of the software company’s stock worth $96,000 after acquiring an additional 58 shares during the period. Sivia Capital Partners LLC lifted its position in shares of Adobe by 69.9% in the 1st quarter. Sivia Capital Partners LLC now owns 1,908 shares of the software company’s stock worth $732,000 after acquiring an additional 785 shares during the period. Finally, Regent Peak Wealth Advisors LLC grew its holdings in shares of Adobe by 5.1% during the 1st quarter. Regent Peak Wealth Advisors LLC now owns 1,292 shares of the software company’s stock worth $496,000 after purchasing an additional 63 shares in the last quarter. Institutional investors own 81.79% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on ADBE. Redburn Atlantic lowered Adobe from a “hold” rating to a “strong sell” rating and cut their target price for the company from $420.00 to $280.00 in a research note on Wednesday, July 2nd. Melius lowered shares of Adobe from a “hold” rating to a “sell” rating and set a $310.00 price target on the stock. in a report on Monday, August 11th. Royal Bank Of Canada reduced their price objective on shares of Adobe from $480.00 to $430.00 and set an “outperform” rating for the company in a report on Monday, September 8th. JMP Securities reiterated a “market perform” rating on shares of Adobe in a research report on Friday, September 12th. Finally, Piper Sandler lowered their target price on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a research note on Friday, September 12th. One 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $433.41.

Adobe Trading Down 1.3%

Shares of NASDAQ ADBE opened at $346.74 on Monday. Adobe Inc. has a fifty-two week low of $330.04 and a fifty-two week high of $557.90. The firm has a market capitalization of $145.15 billion, a P/E ratio of 21.60, a P/E/G ratio of 1.55 and a beta of 1.49. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02. The company’s 50 day simple moving average is $353.22 and its 200 day simple moving average is $372.14.

Adobe (NASDAQ:ADBE) last released its earnings results on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, topping analysts’ consensus estimates of $5.18 by $0.13. The firm had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business 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. On average, analysts predict that Adobe Inc. will post 16.65 EPS for the current year.

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.