Motley Fool Asset Management LLC Has $11.35 Million Stock Holdings in Adobe Inc. $ADBE

Motley Fool Asset Management LLC increased its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 14.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 29,341 shares of the software company’s stock after acquiring an additional 3,741 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Adobe were worth $11,351,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC raised its holdings in Adobe by 2.1% in the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock valued at $3,588,000 after acquiring an additional 167 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Adobe by 2.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 159,514 shares of the software company’s stock valued at $61,126,000 after acquiring an additional 4,164 shares in the last quarter. Joel Isaacson & Co. LLC raised its holdings in Adobe by 11.0% in the 1st quarter. Joel Isaacson & Co. LLC now owns 1,012 shares of the software company’s stock valued at $388,000 after acquiring an additional 100 shares in the last quarter. Sovran Advisors LLC raised its holdings in Adobe by 80.9% in the 1st quarter. Sovran Advisors LLC now owns 3,034 shares of the software company’s stock valued at $1,058,000 after acquiring an additional 1,357 shares in the last quarter. Finally, Root Financial Partners LLC raised its holdings in Adobe by 26.4% in the 1st quarter. Root Financial Partners LLC now owns 762 shares of the software company’s stock valued at $292,000 after acquiring an additional 159 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Stock Up 1.2%

Shares of ADBE opened at $357.80 on Tuesday. The business’s fifty day moving average price is $351.72 and its two-hundred day moving average price is $368.91. 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 firm has a market capitalization of $149.78 billion, a price-to-earnings ratio of 22.29, a PEG 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.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, beating analysts’ consensus estimates of $5.18 by $0.13. The company had revenue of $5.99 billion for 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 firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.65 EPS. 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 predict that Adobe Inc. will post 16.65 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. DA Davidson reaffirmed a “buy” rating and issued a $500.00 price target on shares of Adobe in a report on Friday, September 12th. Mizuho cut Adobe from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 24th. Royal Bank Of Canada lowered their price objective on Adobe from $480.00 to $430.00 and set an “outperform” rating on the stock in a research note on Monday, September 8th. TD Cowen lowered their price objective on Adobe from $470.00 to $420.00 and set a “hold” rating on the stock in a research note on Friday, September 12th. Finally, Redburn Atlantic lowered Adobe from a “hold” rating to a “strong sell” rating and lowered their price objective for the company from $420.00 to $280.00 in a research note on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Adobe has an average 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.