Brown Shipley& Co Ltd Has $166,000 Stake in Adobe Inc. $ADBE

Brown Shipley& Co Ltd trimmed its holdings in Adobe Inc. (NASDAQ:ADBE) by 7.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 430 shares of the software company’s stock after selling 33 shares during the period. Brown Shipley& Co Ltd’s holdings in Adobe were worth $166,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Garde Capital Inc. acquired a new stake in shares of Adobe in the first quarter valued at approximately $34,000. PFG Advisors lifted its position in shares of Adobe by 20.8% in the first quarter. PFG Advisors now owns 4,964 shares of the software company’s stock valued at $1,904,000 after buying an additional 855 shares during the last quarter. Krane Funds Advisors LLC lifted its position in shares of Adobe by 110.4% in the first quarter. Krane Funds Advisors LLC now owns 1,391 shares of the software company’s stock valued at $533,000 after buying an additional 730 shares during the last quarter. Financial Counselors Inc. increased its stake in shares of Adobe by 9.2% during the first quarter. Financial Counselors Inc. now owns 62,851 shares of the software company’s stock worth $24,105,000 after purchasing an additional 5,298 shares during the period. Finally, Koss Olinger Consulting LLC bought a new position in shares of Adobe during the first quarter worth approximately $305,000. 81.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ADBE shares. BMO Capital Markets lowered their target price on Adobe from $450.00 to $405.00 and set an “outperform” rating on the stock in a research note on Friday, September 12th. Phillip Securities upgraded Adobe from a “moderate sell” rating to a “strong-buy” rating in a research note on Monday, June 16th. DA Davidson reiterated a “buy” rating and set a $500.00 target price on shares of Adobe in a research note on Friday, September 12th. Morgan Stanley lowered Adobe from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $520.00 to $450.00 in a research note on Wednesday, September 24th. Finally, Redburn Partners set a $280.00 target price on Adobe in a research note on Monday, September 1st. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $433.41.

Adobe Price Performance

Adobe stock opened at $352.75 on Wednesday. The stock’s fifty day moving average price is $354.68 and its two-hundred day moving average price is $373.21. Adobe Inc. has a one year low of $330.04 and a one year high of $557.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $147.66 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of 1.61 and a beta of 1.48.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $5.91 billion. During the same quarter last year, the company earned $4.65 EPS. The company’s 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. As a group, research analysts expect 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.