Adobe Inc. $ADBE is Machina Capital S.A.S.’s 9th Largest Position

Machina Capital S.A.S. raised its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 443.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,344 shares of the software company’s stock after buying an additional 10,888 shares during the quarter. Adobe comprises about 1.1% of Machina Capital S.A.S.’s investment portfolio, making the stock its 9th biggest holding. Machina Capital S.A.S.’s holdings in Adobe were worth $5,163,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ADBE. 1248 Management LLC bought a new stake in shares of Adobe in the 1st quarter worth $25,000. Flaharty Asset Management LLC bought a new stake in shares of Adobe in the 1st quarter worth $29,000. HHM Wealth Advisors LLC bought a new stake in shares of Adobe in the 1st quarter worth $30,000. Nexus Investment Management ULC bought a new stake in shares of Adobe in the 2nd quarter worth $31,000. Finally, Cornerstone Planning Group LLC increased its holdings in shares of Adobe by 128.6% in the 1st quarter. Cornerstone Planning Group LLC now owns 112 shares of the software company’s stock worth $39,000 after purchasing an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on ADBE shares. DA Davidson reaffirmed a “buy” rating and issued a $500.00 price objective on shares of Adobe in a report on Friday, September 12th. Oppenheimer cut their price objective on Adobe from $500.00 to $460.00 and set an “outperform” rating for the company in a report on Tuesday, September 9th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Adobe in a report on Wednesday, October 8th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $405.00 price objective on shares of Adobe in a report on Wednesday. Finally, UBS Group cut their price objective on Adobe from $400.00 to $375.00 and set a “neutral” rating for the company in a report on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $433.41.

Adobe Stock Performance

NASDAQ:ADBE opened at $340.31 on Monday. The stock has a 50-day simple moving average of $350.67 and a two-hundred day simple moving average of $368.89. Adobe Inc. has a 52-week low of $327.50 and a 52-week high of $557.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $142.45 billion, a PE ratio of 21.20, a P/E/G ratio of 1.51 and a beta of 1.49.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 EPS 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 business had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.91 billion. During the same period in the previous year, the business earned $4.65 earnings per share. 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. Analysts forecast that Adobe Inc. will post 16.65 EPS for the current year.

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.