Motiv8 Investments LLC Boosts Stock Position in Adobe Inc. $ADBE

Motiv8 Investments LLC lifted its position in Adobe Inc. (NASDAQ:ADBE) by 10.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,918 shares of the software company’s stock after purchasing an additional 280 shares during the quarter. Motiv8 Investments LLC’s holdings in Adobe were worth $1,129,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. KPP Advisory Services LLC increased its holdings in Adobe by 6.7% in the 2nd quarter. KPP Advisory Services LLC now owns 1,216 shares of the software company’s stock worth $470,000 after buying an additional 76 shares during the period. Comprehensive Financial Consultants Institutional Inc. boosted its holdings in shares of Adobe by 17.6% in the 2nd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 3,187 shares of the software company’s stock valued at $1,233,000 after acquiring an additional 477 shares during the last quarter. Valley National Advisers Inc. increased its stake in shares of Adobe by 90.8% in the second quarter. Valley National Advisers Inc. now owns 1,225 shares of the software company’s stock worth $474,000 after acquiring an additional 583 shares during the period. PUREfi Wealth LLC raised its holdings in shares of Adobe by 27.4% during the second quarter. PUREfi Wealth LLC now owns 2,029 shares of the software company’s stock worth $785,000 after purchasing an additional 436 shares during the last quarter. Finally, Plimoth Trust Co. LLC lifted its position in Adobe by 6.0% during the second quarter. Plimoth Trust Co. LLC now owns 8,713 shares of the software company’s stock valued at $3,371,000 after purchasing an additional 495 shares during the period. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Wall Street Analyst Weigh In

ADBE has been the subject of a number of recent research reports. Melius lowered Adobe from a “hold” rating to a “sell” rating and set a $310.00 price objective for the company. in a research note on Monday, August 11th. TD Cowen dropped their target price on Adobe from $470.00 to $420.00 and set a “hold” rating on the stock in a report on Friday, September 12th. Redburn Atlantic downgraded Adobe from a “hold” rating to a “strong sell” rating and decreased their price target for the company from $420.00 to $280.00 in a report on Wednesday, July 2nd. Piper Sandler lowered their price objective on Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a research report on Friday, September 12th. Finally, Royal Bank Of Canada cut their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $433.41.

Adobe Stock Down 1.3%

ADBE stock opened at $346.74 on Monday. The company has a market cap of $145.15 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 1.55 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 Inc. has a 12 month low of $330.04 and a 12 month high of $557.90. The firm has a 50-day moving average of $353.22 and a two-hundred day moving average of $372.14.

Adobe (NASDAQ:ADBE) last issued its earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, topping the consensus estimate of $5.18 by $0.13. The business had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.91 billion. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $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. As a group, analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

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.