Integrated Quantitative Investments LLC Buys Shares of 2,866 Adobe Inc. $ADBE

Integrated Quantitative Investments LLC purchased a new position in shares of Adobe Inc. (NASDAQ:ADBE) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,866 shares of the software company’s stock, valued at approximately $1,109,000.

A number of other hedge funds have also recently modified their holdings of ADBE. 1248 Management LLC acquired a new position in Adobe in the 1st quarter valued at about $25,000. Flaharty Asset Management LLC purchased a new stake in shares of Adobe during the 1st quarter valued at approximately $29,000. HHM Wealth Advisors LLC acquired a new position in Adobe in the first quarter valued at approximately $30,000. Nexus Investment Management ULC purchased a new position in Adobe in the second quarter worth approximately $31,000. Finally, Barnes Dennig Private Wealth Management LLC increased its stake in Adobe by 44.9% during the second quarter. Barnes Dennig Private Wealth Management LLC now owns 100 shares of the software company’s stock worth $39,000 after acquiring an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Insider Buying and Selling

In other Adobe news, CAO Jillian Forusz sold 149 shares of the company’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $337.88, for a total transaction of $50,344.12. Following the sale, the chief accounting officer owned 3,426 shares in the company, valued at $1,157,576.88. This represents a 4.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.16% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada lowered their price target on Adobe from $480.00 to $430.00 and set an “outperform” rating for the company in a report on Monday, September 8th. Barclays set a $465.00 target price on shares of Adobe and gave the company an “overweight” rating in a research report on Wednesday, October 29th. BMO Capital Markets reiterated an “outperform” rating and set a $405.00 price target on shares of Adobe in a research report on Wednesday, October 29th. Oppenheimer reduced their price target on shares of Adobe from $500.00 to $460.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 9th. Finally, Piper Sandler lowered their price objective on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating for the company in a research report on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $433.41.

Adobe Price Performance

Shares of ADBE opened at $331.11 on Friday. The company has a market cap of $138.60 billion, a P/E ratio of 20.63, a PEG ratio of 1.51 and a beta of 1.47. Adobe Inc. has a fifty-two week low of $323.03 and a fifty-two 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 firm’s 50 day moving average price is $346.61 and its 200 day moving average price is $367.12.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, beating the consensus estimate of $5.18 by $0.13. The company had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the company 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, research analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

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.