Symmetry Partners LLC Acquires Shares of 631 Adobe Inc. $ADBE

Symmetry Partners LLC acquired a new position in shares of Adobe Inc. (NASDAQ:ADBE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 631 shares of the software company’s stock, valued at approximately $244,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 1248 Management LLC bought a new position in shares of Adobe during the first quarter worth $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in Adobe in the first quarter valued at $26,000. Flaharty Asset Management LLC bought a new stake in Adobe during the first quarter worth about $29,000. HHM Wealth Advisors LLC bought a new position in shares of Adobe in the first quarter valued at $30,000. Finally, Garde Capital Inc. acquired a new position in shares of Adobe during the 1st quarter worth about $34,000. Institutional investors own 81.79% of the company’s stock.

Adobe Trading Up 1.8%

ADBE opened at $360.37 on Friday. Adobe Inc. has a twelve month low of $330.04 and a twelve month high of $557.90. The company has a fifty day moving average of $355.25 and a 200-day moving average of $373.63. The stock has a market cap of $150.85 billion, a PE ratio of 22.45, a price-to-earnings-growth ratio of 1.62 and a beta of 1.48. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, topping the consensus estimate of $5.18 by $0.13. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The firm had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.91 billion. During the same period last year, the company posted $4.65 EPS. The business’s quarterly revenue was up 10.7% on a year-over-year basis. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. On average, sell-side analysts predict that Adobe Inc. will post 16.65 EPS for the current year.

Analyst Ratings Changes

ADBE has been the topic of a number of research reports. Stifel Nicolaus decreased their price objective on Adobe from $525.00 to $480.00 and set a “buy” rating on the stock in a report on Friday, June 13th. TD Cowen decreased their target price on shares of Adobe from $470.00 to $420.00 and set a “hold” rating on the stock in a report on Friday, September 12th. Redburn Partners set a $280.00 price objective on shares of Adobe in a research note on Monday, September 1st. Melius downgraded Adobe from a “hold” rating to a “sell” rating and set a $310.00 target price on the stock. in a report on Monday, August 11th. Finally, Oppenheimer dropped their price objective on Adobe from $500.00 to $460.00 and set an “outperform” rating for the company in a research report on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Adobe has an average rating of “Hold” and an average target price 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.