Adobe Inc. $ADBE Shares Acquired by Acadian Asset Management LLC

Acadian Asset Management LLC increased its position in Adobe Inc. (NASDAQ:ADBE) by 101.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 337,217 shares of the software company’s stock after buying an additional 169,862 shares during the period. Acadian Asset Management LLC’s holdings in Adobe were worth $129,314,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. RB Capital Management LLC increased its position in Adobe by 0.4% during the fourth quarter. RB Capital Management LLC now owns 4,944 shares of the software company’s stock worth $2,198,000 after purchasing an additional 22 shares during the last quarter. Orin Green Financial LLC increased its position in Adobe by 3.8% during the fourth quarter. Orin Green Financial LLC now owns 621 shares of the software company’s stock worth $276,000 after purchasing an additional 23 shares during the last quarter. Schmidt P J Investment Management Inc. increased its position in Adobe by 2.9% during the first quarter. Schmidt P J Investment Management Inc. now owns 896 shares of the software company’s stock worth $344,000 after purchasing an additional 25 shares during the last quarter. Second Line Capital LLC increased its position in Adobe by 3.5% during the fourth quarter. Second Line Capital LLC now owns 768 shares of the software company’s stock worth $342,000 after purchasing an additional 26 shares during the last quarter. Finally, Vista Investment Management increased its position in Adobe by 3.1% during the fourth quarter. Vista Investment Management now owns 875 shares of the software company’s stock worth $389,000 after purchasing an additional 26 shares during the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ADBE shares. Rothschild & Co Redburn lowered shares of Adobe from a “neutral” rating to a “sell” rating and set a $280.00 price target for the company. in a research report on Wednesday, July 2nd. Barclays dropped their price target on shares of Adobe from $567.00 to $460.00 and set an “overweight” rating for the company in a research report on Friday, September 5th. Bank of America boosted their price objective on shares of Adobe from $424.00 to $475.00 and gave the stock a “buy” rating in a research note on Friday, June 13th. Royal Bank Of Canada decreased their price objective on shares of Adobe from $480.00 to $430.00 and set an “outperform” rating for the company in a research note on Monday. Finally, Wall Street Zen upgraded shares of Adobe from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $446.74.

Adobe Price Performance

Shares of ADBE stock opened at $357.42 on Wednesday. The company has a market capitalization of $151.62 billion, a PE ratio of 22.65, a price-to-earnings-growth ratio of 1.70 and a beta of 1.48. The firm has a fifty day simple moving average of $359.07 and a 200-day simple moving average of $381.31. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. Adobe Inc. has a twelve month low of $330.04 and a twelve month high of $587.75.

Adobe (NASDAQ:ADBE) last announced its earnings results on Thursday, June 12th. The software company reported $5.06 earnings per share for the quarter, beating the consensus estimate of $4.97 by $0.09. The business had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.80 billion. Adobe had a net margin of 30.39% and a return on equity of 53.68%. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.48 earnings per share. Adobe has set its Q3 2025 guidance at 5.150-5.200 EPS. FY 2025 guidance at 20.500-20.700 EPS. Equities research analysts anticipate 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.