Slow Capital Inc. Has $2.93 Million Holdings in Adobe Inc. $ADBE

Slow Capital Inc. grew its holdings in Adobe Inc. (NASDAQ:ADBE) by 3.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,584 shares of the software company’s stock after purchasing an additional 223 shares during the quarter. Slow Capital Inc.’s holdings in Adobe were worth $2,934,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of the stock. KLP Kapitalforvaltning AS grew its stake in shares of Adobe by 8.5% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 201,763 shares of the software company’s stock valued at $78,058,000 after buying an additional 15,800 shares during the period. Roberts Wealth Advisors LLC grew its holdings in shares of Adobe by 9.3% during the second quarter. Roberts Wealth Advisors LLC now owns 8,521 shares of the software company’s stock valued at $3,297,000 after buying an additional 722 shares during the last quarter. Country Club Bank increased its holdings in Adobe by 11.1% during the 2nd quarter. Country Club Bank now owns 3,707 shares of the software company’s stock worth $1,430,000 after purchasing an additional 369 shares in the last quarter. SteelPeak Wealth LLC raised its position in Adobe by 14.8% in the 2nd quarter. SteelPeak Wealth LLC now owns 25,034 shares of the software company’s stock valued at $9,685,000 after buying an additional 3,232 shares during the last quarter. Finally, Motiv8 Investments LLC lifted its stake in Adobe by 10.6% during the 2nd quarter. Motiv8 Investments LLC now owns 2,918 shares of the software company’s stock valued at $1,129,000 after acquiring an additional 280 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Wall Street Analysts Forecast Growth

ADBE has been the topic of several analyst reports. DA Davidson restated a “buy” rating and set a $500.00 price target on shares of Adobe in a report on Friday, September 12th. Phillip Securities upgraded shares of Adobe from a “moderate sell” rating to a “strong-buy” rating in a report on Monday, June 16th. Melius cut shares of Adobe from a “hold” rating to a “sell” rating and set a $310.00 target price on the stock. in a research note on Monday, August 11th. Citigroup lowered their price target on shares of Adobe from $450.00 to $400.00 and set a “neutral” rating on the stock in a report on Thursday, September 11th. Finally, Barclays raised their target price on Adobe from $460.00 to $465.00 and gave the stock an “overweight” rating 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, eleven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $433.41.

Adobe Stock Performance

Shares of ADBE opened at $350.14 on Tuesday. Adobe Inc. has a 52-week low of $330.04 and a 52-week high of $557.90. The stock’s 50-day simple moving average is $352.83 and its 200 day simple moving average is $371.88. 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 stock has a market capitalization of $146.57 billion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 1.55 and a beta of 1.49.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.18 by $0.13. The firm had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm posted $4.65 earnings per share. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. Research analysts forecast that Adobe Inc. will post 16.65 EPS for the current fiscal year.

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.