Strengthening Families & Communities LLC Boosts Stock Position in Adobe Inc. $ADBE

Strengthening Families & Communities LLC lifted its stake in Adobe Inc. (NASDAQ:ADBE) by 4.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,112 shares of the software company’s stock after purchasing an additional 45 shares during the period. Strengthening Families & Communities LLC’s holdings in Adobe were worth $430,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC boosted its position in shares of Adobe by 2.1% during the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock valued at $3,588,000 after acquiring an additional 167 shares during the last quarter. GAMMA Investing LLC raised its stake in Adobe by 22.3% during the first quarter. GAMMA Investing LLC now owns 7,798 shares of the software company’s stock worth $2,991,000 after purchasing an additional 1,422 shares during the period. Rockland Trust Co. boosted its holdings in Adobe by 27.7% in the 1st quarter. Rockland Trust Co. now owns 1,760 shares of the software company’s stock valued at $675,000 after purchasing an additional 382 shares during the last quarter. RFG Holdings Inc. grew its stake in shares of Adobe by 25.2% in the 1st quarter. RFG Holdings Inc. now owns 1,796 shares of the software company’s stock valued at $689,000 after buying an additional 362 shares during the period. Finally, GraniteShares Advisors LLC increased its holdings in shares of Adobe by 4.3% during the 1st quarter. GraniteShares Advisors LLC now owns 3,323 shares of the software company’s stock worth $1,274,000 after buying an additional 138 shares during the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Price Performance

Shares of ADBE opened at $337.51 on Friday. Adobe Inc. has a fifty-two week low of $330.04 and a fifty-two week high of $557.90. The firm’s 50 day moving average price is $351.67 and its 200 day moving average price is $370.78. The company has a market cap of $141.28 billion, a P/E ratio of 21.03, a PEG ratio of 1.56 and a beta of 1.49. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53.

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

Analyst Ratings Changes

Several research analysts recently weighed in on ADBE shares. Melius lowered Adobe from a “hold” rating to a “sell” rating and set a $310.00 price objective for the company. in a research report on Monday, August 11th. Mizuho lowered Adobe from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 24th. Rothschild & Co Redburn downgraded Adobe from a “neutral” rating to a “sell” rating and set a $280.00 price objective for the company. in a research report on Wednesday, July 2nd. Citigroup reduced their price objective on shares of Adobe from $450.00 to $400.00 and set a “neutral” rating on the stock in a report on Thursday, September 11th. Finally, Evercore ISI lowered their target price on shares of Adobe from $475.00 to $450.00 and set an “outperform” rating for the company in a research note on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Adobe presently has a consensus rating of “Hold” and an average price target of $433.41.

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.