Corton Capital Inc. Buys New Holdings in Adobe Inc. $ADBE

Corton Capital Inc. bought a new stake in Adobe Inc. (NASDAQ:ADBE) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 591 shares of the software company’s stock, valued at approximately $229,000.

A number of other large investors have also recently bought and sold shares of the company. Schmidt P J Investment Management Inc. boosted its position in Adobe by 2.9% in the first quarter. Schmidt P J Investment Management Inc. now owns 896 shares of the software company’s stock valued at $344,000 after buying an additional 25 shares during the last quarter. GS Investments Inc. boosted its position in Adobe by 0.3% in the first quarter. GS Investments Inc. now owns 7,563 shares of the software company’s stock valued at $2,901,000 after buying an additional 26 shares during the last quarter. Ted Buchan & Co boosted its position in Adobe by 1.9% in the first quarter. Ted Buchan & Co now owns 1,368 shares of the software company’s stock valued at $525,000 after buying an additional 26 shares during the last quarter. Lifeworks Advisors LLC boosted its position in Adobe by 3.6% in the first quarter. Lifeworks Advisors LLC now owns 786 shares of the software company’s stock valued at $301,000 after buying an additional 27 shares during the last quarter. Finally, VanderPol Investments L.L.C. boosted its position in Adobe by 5.2% in the first quarter. VanderPol Investments L.L.C. now owns 546 shares of the software company’s stock valued at $209,000 after buying an additional 27 shares during the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Trading Down 0.8%

Shares of ADBE stock opened at $337.47 on Tuesday. 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 company has a market cap of $141.26 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 1.51 and a beta of 1.49. The stock has a 50 day simple moving average of $350.15 and a 200-day simple moving average of $368.81. Adobe Inc. has a 1-year low of $327.50 and a 1-year high of $557.90.

Adobe (NASDAQ:ADBE) last announced 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 during the quarter, compared to the consensus estimate of $5.91 billion. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior 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, equities research analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on ADBE shares. Wall Street Zen upgraded Adobe from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. 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. Cowen restated a “hold” rating on shares of Adobe in a research report on Wednesday, October 29th. JMP Securities restated a “market perform” rating on shares of Adobe in a research report on Friday, September 12th. Finally, Evercore ISI lowered their price objective on Adobe from $475.00 to $450.00 and set an “outperform” rating on the stock in a research report on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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.