Adobe Inc. $ADBE Shares Purchased by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. boosted its stake in Adobe Inc. (NASDAQ:ADBE) by 58.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,958 shares of the software company’s stock after buying an additional 5,150 shares during the period. Adobe makes up approximately 0.8% of University of Texas Texas AM Investment Management Co.’s portfolio, making the stock its 24th biggest position. University of Texas Texas AM Investment Management Co.’s holdings in Adobe were worth $5,400,000 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 the stock. 1248 Management LLC acquired a new stake in Adobe in the 1st quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Adobe in the first quarter valued at $26,000. Flaharty Asset Management LLC purchased a new stake in shares of Adobe in the 1st quarter valued at $29,000. HHM Wealth Advisors LLC acquired a new position in Adobe during the 1st quarter worth about $30,000. Finally, Nexus Investment Management ULC acquired a new position in Adobe during the 2nd quarter worth about $31,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Adobe Trading Down 0.2%

NASDAQ:ADBE opened at $353.52 on Friday. The company has a market capitalization of $147.98 billion, a PE ratio of 22.03, a P/E/G ratio of 1.58 and a beta of 1.49. Adobe Inc. has a 52-week low of $327.50 and a 52-week high of $557.90. The stock’s 50 day moving average price is $351.71 and its 200 day moving average price is $368.92. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data 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. The business had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.91 billion. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The company’s revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the company earned $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. On average, research analysts anticipate that Adobe Inc. will post 16.65 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on ADBE shares. Citigroup cut their price target on shares of Adobe from $450.00 to $400.00 and set a “neutral” rating on the stock in a research note on Thursday, September 11th. Oppenheimer reduced their price target on Adobe from $500.00 to $460.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 9th. DA Davidson restated a “buy” rating and set a $500.00 target price on shares of Adobe in a research note on Friday, September 12th. JMP Securities reiterated a “market perform” rating on shares of Adobe in a research note on Friday, September 12th. Finally, Barclays boosted their price target on shares of Adobe from $460.00 to $465.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.