533 Shares in Adobe Inc. $ADBE Bought by Citizens Business Bank

Citizens Business Bank purchased a new position in Adobe Inc. (NASDAQ:ADBE) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 533 shares of the software company’s stock, valued at approximately $206,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 1248 Management LLC purchased a new stake in Adobe in the first quarter worth $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Adobe in the first quarter worth $26,000. Flaharty Asset Management LLC purchased a new stake in Adobe in the first quarter worth $29,000. HHM Wealth Advisors LLC purchased a new stake in Adobe in the first quarter worth $30,000. Finally, Nexus Investment Management ULC purchased a new stake in Adobe in the second quarter worth $31,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Price Performance

Shares of NASDAQ:ADBE opened at $333.26 on Friday. Adobe Inc. has a 1-year low of $327.50 and a 1-year high of $557.90. 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 business has a fifty day moving average price of $350.99 and a 200-day moving average price of $368.86. The company has a market capitalization of $139.50 billion, a PE ratio of 20.76, a PEG ratio of 1.48 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 the consensus estimate of $5.18 by $0.13. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The firm had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same period last year, the company earned $4.65 earnings per share. The company’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. As a group, equities analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Redburn Atlantic lowered Adobe from a “hold” rating to a “strong sell” rating and dropped their price target for the stock from $420.00 to $280.00 in a research note on Wednesday, July 2nd. Mizuho lowered Adobe from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 24th. Oppenheimer lowered their price objective on Adobe from $500.00 to $460.00 and set an “outperform” rating for the company in a research report on Tuesday, September 9th. TD Cowen lowered their price objective on Adobe from $470.00 to $420.00 and set a “hold” rating for the company in a research report on Friday, September 12th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Adobe in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target 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.