International Assets Investment Management LLC Acquires 1,005 Shares of Adobe Inc. $ADBE

International Assets Investment Management LLC lifted its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 17.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,701 shares of the software company’s stock after acquiring an additional 1,005 shares during the quarter. International Assets Investment Management LLC’s holdings in Adobe were worth $2,592,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. DeDora Capital Inc. lifted its holdings in Adobe by 4.0% during the 2nd quarter. DeDora Capital Inc. now owns 1,563 shares of the software company’s stock worth $605,000 after purchasing an additional 60 shares during the last quarter. Palmer Knight Co lifted its holdings in Adobe by 52.1% during the 2nd quarter. Palmer Knight Co now owns 21,682 shares of the software company’s stock worth $8,388,000 after purchasing an additional 7,426 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Adobe during the 2nd quarter worth approximately $59,469,000. Signature Estate & Investment Advisors LLC lifted its holdings in Adobe by 3.8% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 168,502 shares of the software company’s stock worth $65,190,000 after purchasing an additional 6,149 shares during the last quarter. Finally, United Bank lifted its holdings in Adobe by 12.8% during the 2nd quarter. United Bank now owns 3,773 shares of the software company’s stock worth $1,460,000 after purchasing an additional 428 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Mizuho cut Adobe from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 24th. Barclays lifted their price objective on Adobe from $460.00 to $465.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Morgan Stanley cut Adobe from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $520.00 to $450.00 in a report on Wednesday, September 24th. Piper Sandler dropped their price objective on Adobe from $500.00 to $470.00 and set an “overweight” rating for the company in a report on Friday, September 12th. Finally, UBS Group dropped their price objective on Adobe from $400.00 to $375.00 and set a “neutral” rating for the company in a report on Friday, September 12th. One investment 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 given a Sell rating to the company. According to data from MarketBeat.com, Adobe presently has a consensus rating of “Hold” and an average price target of $433.41.

Adobe Price Performance

Adobe stock opened at $333.26 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.02. Adobe Inc. has a 52 week low of $327.50 and a 52 week high of $557.90. The stock has a market capitalization of $139.50 billion, a P/E ratio of 20.76, a price-to-earnings-growth ratio of 1.49 and a beta of 1.49. The stock has a fifty day moving average of $350.99 and a 200-day moving average of $368.75.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, topping analysts’ consensus estimates of $5.18 by $0.13. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The company had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.91 billion. During the same quarter in the previous year, the firm earned $4.65 EPS. Adobe’s 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. On average, sell-side analysts expect that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

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.