Adobe Inc. $ADBE Shares Bought by RPG Investment Advisory LLC

RPG Investment Advisory LLC raised its holdings in Adobe Inc. (NASDAQ:ADBE) by 105.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,448 shares of the software company’s stock after purchasing an additional 24,844 shares during the period. RPG Investment Advisory LLC’s holdings in Adobe were worth $18,581,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Eagle Strategies LLC increased its holdings in shares of Adobe by 1.5% during the 4th quarter. Eagle Strategies LLC now owns 1,465 shares of the software company’s stock valued at $651,000 after acquiring an additional 22 shares during the last quarter. RB Capital Management LLC grew its holdings in Adobe by 0.4% in the 4th quarter. RB Capital Management LLC now owns 4,944 shares of the software company’s stock valued at $2,198,000 after buying an additional 22 shares during the last quarter. Orin Green Financial LLC grew its holdings in Adobe by 3.8% in the 4th quarter. Orin Green Financial LLC now owns 621 shares of the software company’s stock valued at $276,000 after buying an additional 23 shares during the last quarter. Diligent Investors LLC grew its holdings in Adobe by 1.2% in the 4th quarter. Diligent Investors LLC now owns 2,160 shares of the software company’s stock valued at $961,000 after buying an additional 26 shares during the last quarter. Finally, Second Line Capital LLC grew its holdings in Adobe by 3.5% in the 4th quarter. Second Line Capital LLC now owns 768 shares of the software company’s stock valued at $342,000 after buying an additional 26 shares during the last quarter. 81.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ADBE has been the topic of a number of research analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $500.00 target price on shares of Adobe in a report on Friday, June 20th. BMO Capital Markets restated an “outperform” rating and set a $450.00 target price on shares of Adobe in a research report on Friday, June 13th. JMP Securities reiterated a “market perform” rating on shares of Adobe in a research report on Monday, June 23rd. UBS Group lifted their price objective on Adobe from $380.00 to $430.00 and gave the company a “neutral” rating in a research report on Monday, June 9th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $480.00 target price on shares of Adobe in a research note on Thursday, June 5th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $467.58.

Adobe Stock Performance

Shares of Adobe stock opened at $353.43 on Friday. The firm has a market cap of $149.93 billion, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 1.68 and a beta of 1.51. The stock’s 50-day moving average is $367.17 and its 200-day moving average is $390.51. Adobe Inc. has a one year low of $330.04 and a one year high of $587.75. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.99 and a quick ratio of 0.99.

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

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.