Adobe Inc. $ADBE Shares Bought by Assetmark Inc.

Assetmark Inc. increased its stake in Adobe Inc. (NASDAQ:ADBE) by 103.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,193 shares of the software company’s stock after purchasing an additional 29,605 shares during the period. Assetmark Inc.’s holdings in Adobe were worth $22,514,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Templeton & Phillips Capital Management LLC acquired a new stake in Adobe in the 2nd quarter worth approximately $1,238,000. Barnes Dennig Private Wealth Management LLC boosted its stake in Adobe by 44.9% in the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 100 shares of the software company’s stock worth $39,000 after purchasing an additional 31 shares in the last quarter. World Investment Advisors raised its position in Adobe by 8.0% during the 2nd quarter. World Investment Advisors now owns 24,197 shares of the software company’s stock worth $9,361,000 after buying an additional 1,794 shares during the last quarter. Lathrop Investment Management Co. boosted its holdings in shares of Adobe by 2.8% in the 2nd quarter. Lathrop Investment Management Co. now owns 26,544 shares of the software company’s stock valued at $10,269,000 after acquiring an additional 718 shares during the last quarter. Finally, Daymark Wealth Partners LLC boosted its holdings in shares of Adobe by 2.8% in the 2nd quarter. Daymark Wealth Partners LLC now owns 17,198 shares of the software company’s stock valued at $6,654,000 after acquiring an additional 468 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Adobe Price Performance

NASDAQ:ADBE opened at $340.31 on Friday. Adobe Inc. has a 52 week low of $327.50 and a 52 week high of $557.90. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $142.45 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 1.51 and a beta of 1.49. The stock’s 50-day moving average price is $350.67 and its 200-day moving average price is $368.59.

Adobe (NASDAQ:ADBE) last posted its earnings results on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, beating analysts’ consensus estimates of $5.18 by $0.13. The firm had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.91 billion. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the firm earned $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. As a group, equities analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Citigroup dropped their price objective 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Adobe in a report on Wednesday, October 8th. JMP Securities reaffirmed a “market perform” rating on shares of Adobe in a report on Friday, September 12th. DA Davidson reaffirmed a “buy” rating and issued a $500.00 price objective on shares of Adobe in a report on Friday, September 12th. Finally, Piper Sandler dropped their price objective on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a report on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $433.41.

Adobe 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.