Adobe Inc. $ADBE Stock Position Raised by Blue Trust Inc.

Blue Trust Inc. lifted its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 14.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,919 shares of the software company’s stock after buying an additional 484 shares during the period. Blue Trust Inc.’s holdings in Adobe were worth $1,516,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. 1248 Management LLC acquired a new position in Adobe during the 1st quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Adobe during the 1st quarter valued at about $26,000. Flaharty Asset Management LLC acquired a new position in Adobe during the 1st quarter valued at about $29,000. HHM Wealth Advisors LLC acquired a new position in Adobe during the 1st quarter valued at about $30,000. Finally, Garde Capital Inc. acquired a new position in Adobe during the 1st quarter valued at about $34,000. 81.79% of the stock is owned by institutional investors and hedge funds.

Adobe Stock Performance

NASDAQ:ADBE opened at $337.51 on Friday. 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 1 year low of $330.04 and a 1 year high of $557.90. The firm’s fifty day simple moving average is $351.67 and its 200 day simple moving average is $370.78. The firm has a market capitalization of $141.28 billion, a PE ratio of 21.03, a PEG ratio of 1.56 and a beta of 1.49.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results 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 firm had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same period in the prior year, the firm earned $4.65 EPS. The business’s revenue was up 10.7% on a year-over-year basis. 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.

Wall Street Analysts Forecast Growth

ADBE has been the subject of a number of research analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $500.00 price target on shares of Adobe in a research note on Friday, September 12th. Wall Street Zen upgraded shares of Adobe from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Wells Fargo & Company restated an “overweight” rating and issued a $470.00 price target (up previously from $430.00) on shares of Adobe in a research report on Friday, June 13th. Redburn Atlantic lowered shares of Adobe from a “hold” rating to a “strong sell” rating and dropped their price objective for the company from $420.00 to $280.00 in a research note on Wednesday, July 2nd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Adobe in a research note on Wednesday. One 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average 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.