Adobe Inc. $ADBE Stake Boosted by Martin Investment Management LLC

Martin Investment Management LLC raised its position in shares of Adobe Inc. (NASDAQ:ADBE) by 28.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,161 shares of the software company’s stock after buying an additional 3,158 shares during the quarter. Adobe accounts for 1.4% of Martin Investment Management LLC’s portfolio, making the stock its 28th largest position. Martin Investment Management LLC’s holdings in Adobe were worth $5,431,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Eagle Strategies LLC raised its position in Adobe by 1.5% in the 4th quarter. Eagle Strategies LLC now owns 1,465 shares of the software company’s stock worth $651,000 after purchasing an additional 22 shares during the last quarter. RB Capital Management LLC increased its stake in shares of Adobe by 0.4% in the 4th quarter. RB Capital Management LLC now owns 4,944 shares of the software company’s stock valued at $2,198,000 after buying an additional 22 shares during the period. Orin Green Financial LLC increased its stake in shares of Adobe by 3.8% in the 4th quarter. Orin Green Financial LLC now owns 621 shares of the software company’s stock valued at $276,000 after buying an additional 23 shares during the period. Diligent Investors LLC raised its position in shares of Adobe by 1.2% during the fourth quarter. Diligent Investors LLC now owns 2,160 shares of the software company’s stock worth $961,000 after acquiring an additional 26 shares during the last quarter. Finally, Second Line Capital LLC lifted its stake in shares of Adobe by 3.5% during the fourth quarter. Second Line Capital LLC now owns 768 shares of the software company’s stock valued at $342,000 after acquiring an additional 26 shares during the period. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ADBE has been the subject of a number of research reports. Wells Fargo & Company reiterated an “overweight” rating and issued a $470.00 price objective (up from $430.00) on shares of Adobe in a research report on Friday, June 13th. Piper Sandler lowered their price target on shares of Adobe from $600.00 to $500.00 and set an “overweight” rating for the company in a research report on Wednesday, April 23rd. Stifel Nicolaus dropped their price target on shares of Adobe from $525.00 to $480.00 and set a “buy” rating for the company in a research note on Friday, June 13th. Royal Bank Of Canada restated an “outperform” rating and issued a $480.00 price objective on shares of Adobe in a report on Thursday, June 5th. Finally, Rothschild & Co Redburn lowered shares of Adobe from a “neutral” rating to a “sell” rating and set a $280.00 target price for the company. in a report on Wednesday, July 2nd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Adobe has a consensus rating of “Moderate Buy” and an average target price of $467.58.

Adobe Stock Down 2.1%

Shares of NASDAQ:ADBE opened at $353.43 on Thursday. The company has a 50 day moving average price of $368.37 and a two-hundred day moving average price of $391.09. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $149.93 billion, a PE ratio of 22.61, a PEG ratio of 1.71 and a beta of 1.51. Adobe Inc. has a 52 week low of $330.04 and a 52 week high of $587.75.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, June 12th. The software company reported $5.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.97 by $0.09. Adobe had a net margin of 30.39% and a return on equity of 53.68%. The company had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.80 billion. During the same quarter in the previous year, the business earned $4.48 EPS. The firm’s revenue was up 10.6% on a year-over-year basis. Adobe has set its Q3 2025 guidance at 5.150-5.200 EPS. FY 2025 guidance at 20.500-20.700 EPS. Analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current year.

Adobe 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.