Adobe Inc. $ADBE Shares Bought by Brown Lisle Cummings Inc.

Brown Lisle Cummings Inc. raised its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 45.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 179 shares of the software company’s stock after acquiring an additional 56 shares during the quarter. Brown Lisle Cummings Inc.’s holdings in Adobe were worth $69,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in ADBE. West Branch Capital LLC grew its position in Adobe by 17.7% in the 2nd quarter. West Branch Capital LLC now owns 432 shares of the software company’s stock valued at $167,000 after buying an additional 65 shares in the last quarter. Advisors Management Group Inc. ADV increased its position in Adobe by 29.5% in the second quarter. Advisors Management Group Inc. ADV now owns 15,124 shares of the software company’s stock worth $5,851,000 after purchasing an additional 3,446 shares during the period. Cove Private Wealth LLC grew its position in shares of Adobe by 28.7% during the 2nd quarter. Cove Private Wealth LLC now owns 4,349 shares of the software company’s stock worth $1,683,000 after buying an additional 970 shares during the period. Patton Fund Management Inc. acquired a new position in shares of Adobe in the 2nd quarter valued at approximately $231,000. Finally, Kathmere Capital Management LLC raised its stake in shares of Adobe by 8.0% during the 2nd quarter. Kathmere Capital Management LLC now owns 3,490 shares of the software company’s stock worth $1,350,000 after purchasing an additional 258 shares in the last quarter. 81.79% of the stock is owned by institutional investors and hedge funds.

Adobe Stock Up 1.8%

Shares of NASDAQ ADBE opened at $360.37 on Friday. The firm has a market capitalization of $150.85 billion, a PE ratio of 22.45, a price-to-earnings-growth ratio of 1.62 and a beta of 1.48. The firm’s 50-day moving average is $355.25 and its 200-day moving average is $373.63. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.53. Adobe Inc. has a 1 year low of $330.04 and a 1 year high of $557.90.

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, topping the consensus estimate of $5.18 by $0.13. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The company had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.91 billion. During the same period last year, the business earned $4.65 EPS. The business’s quarterly 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. Equities analysts expect that Adobe Inc. will post 16.65 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ADBE. Robert W. Baird upped their price objective on Adobe from $410.00 to $425.00 and gave the stock a “neutral” rating in a research report on Monday, June 16th. Evercore ISI decreased their price target on shares of Adobe from $475.00 to $450.00 and set an “outperform” rating on the stock in a research note on Friday, September 12th. Stifel Nicolaus reduced their price objective on Adobe from $525.00 to $480.00 and set a “buy” rating for the company in a research report on Friday, June 13th. Wells Fargo & Company reiterated an “overweight” rating and issued a $470.00 price target (up previously from $430.00) on shares of Adobe in a research report on Friday, June 13th. Finally, Melius lowered shares of Adobe from a “hold” rating to a “sell” rating and set a $310.00 price target on the stock. in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus 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.