Highland Capital Management LLC Has $3.54 Million Stake in Adobe Inc. $ADBE

Highland Capital Management LLC grew its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 13.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,156 shares of the software company’s stock after acquiring an additional 1,076 shares during the quarter. Highland Capital Management LLC’s holdings in Adobe were worth $3,542,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of Adobe by 2.1% during the fourth quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock worth $3,588,000 after purchasing an additional 167 shares during the last quarter. Vest Financial LLC grew its holdings in shares of Adobe by 73.4% during the first quarter. Vest Financial LLC now owns 4,497 shares of the software company’s stock worth $1,725,000 after purchasing an additional 1,904 shares during the last quarter. Stablepoint Partners LLC grew its holdings in shares of Adobe by 37.2% during the first quarter. Stablepoint Partners LLC now owns 2,213 shares of the software company’s stock worth $849,000 after purchasing an additional 600 shares during the last quarter. Procyon Advisors LLC grew its holdings in shares of Adobe by 17.0% during the first quarter. Procyon Advisors LLC now owns 6,699 shares of the software company’s stock worth $2,569,000 after purchasing an additional 972 shares during the last quarter. Finally, Eagle Rock Investment Company LLC grew its holdings in shares of Adobe by 2.1% during the first quarter. Eagle Rock Investment Company LLC now owns 17,985 shares of the software company’s stock worth $6,898,000 after purchasing an additional 372 shares during the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Barclays boosted their price target on Adobe from $460.00 to $465.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Stifel Nicolaus reduced their target price on Adobe from $525.00 to $480.00 and set a “buy” rating on the stock in a report on Friday, June 13th. Melius cut 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. DA Davidson reiterated a “buy” rating and issued a $500.00 target price on shares of Adobe in a report on Friday, September 12th. Finally, Piper Sandler reduced their target price on Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a report on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $433.41.

Adobe Price Performance

Shares of NASDAQ:ADBE opened at $346.74 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. Adobe Inc. has a twelve month low of $330.04 and a twelve month high of $557.90. The stock’s 50 day moving average is $353.22 and its 200-day moving average is $372.26. The firm has a market capitalization of $145.15 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 1.55 and a beta of 1.49.

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