Strengthening Families & Communities LLC Boosts Stock Position in Adobe Inc. $ADBE

Strengthening Families & Communities LLC lifted its position in Adobe Inc. (NASDAQ:ADBE) by 4.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,112 shares of the software company’s stock after purchasing an additional 45 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Adobe were worth $430,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. 1248 Management LLC acquired a new position in Adobe during the first quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Adobe during the 1st quarter valued at about $26,000. Flaharty Asset Management LLC acquired a new position in shares of Adobe in the 1st quarter valued at about $29,000. HHM Wealth Advisors LLC acquired a new position in shares of Adobe in the 1st quarter valued at about $30,000. Finally, Garde Capital Inc. purchased a new stake in shares of Adobe in the first quarter worth about $34,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Price Performance

NASDAQ:ADBE opened at $337.51 on Friday. The stock has a 50 day moving average of $351.67 and a two-hundred day moving average of $370.78. Adobe Inc. has a 12 month low of $330.04 and a 12 month high of $557.90. The firm has a market cap of $141.28 billion, a P/E ratio of 21.03, a price-to-earnings-growth ratio of 1.56 and a beta of 1.49. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last released its earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share 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 quarter last year, the business posted $4.65 earnings per share. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. On average, analysts expect that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Citigroup decreased their price target on Adobe from $450.00 to $400.00 and set a “neutral” rating for the company in a report on Thursday, September 11th. Robert W. Baird boosted their target price on shares of Adobe from $410.00 to $425.00 and gave the company a “neutral” rating in a research note on Monday, June 16th. Bank of America increased their price target on shares of Adobe from $424.00 to $475.00 and gave the stock a “buy” rating in a report on Friday, June 13th. Morgan Stanley cut shares of Adobe from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $520.00 to $450.00 in a report on Wednesday, September 24th. Finally, Rothschild & Co Redburn lowered shares of Adobe from a “neutral” rating to a “sell” rating and set a $280.00 target price on the stock. in a research note on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price 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.