Atika Capital Management LLC Buys 3,400 Shares of Adobe Inc. $ADBE

Atika Capital Management LLC lifted its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 18.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,400 shares of the software company’s stock after purchasing an additional 3,400 shares during the quarter. Adobe accounts for about 1.2% of Atika Capital Management LLC’s holdings, making the stock its 29th largest position. Atika Capital Management LLC’s holdings in Adobe were worth $8,208,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ADBE. Siemens Fonds Invest GmbH raised its stake in shares of Adobe by 252.9% during the 4th quarter. Siemens Fonds Invest GmbH now owns 55,658 shares of the software company’s stock valued at $25,000 after purchasing an additional 39,888 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Adobe during the 1st quarter valued at $26,000. SWAN Capital LLC bought a new stake in shares of Adobe during the 4th quarter valued at $28,000. Copia Wealth Management bought a new stake in shares of Adobe during the 4th quarter valued at $28,000. Finally, HHM Wealth Advisors LLC bought a new stake in shares of Adobe during the 1st quarter valued at $30,000. 81.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ADBE shares. Melius lowered Adobe from a “hold” rating to a “sell” rating and set a $310.00 target price on the stock. in a research note on Monday, August 11th. JMP Securities restated a “market perform” rating on shares of Adobe in a research note on Monday, June 23rd. Rothschild & Co Redburn lowered Adobe from a “neutral” rating to a “sell” rating and set a $280.00 target price on the stock. in a research note on Wednesday, July 2nd. Redburn Atlantic lowered Adobe from a “hold” rating to a “strong sell” rating and decreased their target price for the stock from $420.00 to $280.00 in a research note on Wednesday, July 2nd. Finally, BMO Capital Markets restated an “outperform” rating and issued a $450.00 target price on shares of Adobe in a research note on Friday, June 13th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Adobe currently has a consensus rating of “Moderate Buy” and a consensus price target of $467.58.

Adobe Price Performance

Shares of Adobe stock opened at $353.43 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $149.93 billion, a PE ratio of 22.61, a price-to-earnings-growth ratio of 1.71 and a beta of 1.51. The business’s 50-day moving average price is $368.37 and its 200-day moving average price is $391.09. Adobe Inc. has a 12 month low of $330.04 and a 12 month high of $587.75.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, June 12th. The software company reported $5.06 EPS for the quarter, beating the consensus estimate of $4.97 by $0.09. The firm had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.80 billion. Adobe had a return on equity of 53.68% and a net margin of 30.39%.The company’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the company earned $4.48 EPS. Adobe has set its Q3 2025 guidance at 5.150-5.200 EPS. FY 2025 guidance at 20.500-20.700 EPS. Sell-side analysts forecast that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Adobe Company 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.