Vest Financial LLC Buys 1,862 Shares of Adobe Inc. $ADBE

Vest Financial LLC lifted its holdings in Adobe Inc. (NASDAQ:ADBE) by 41.4% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,359 shares of the software company’s stock after buying an additional 1,862 shares during the period. Vest Financial LLC’s holdings in Adobe were worth $2,460,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 1248 Management LLC purchased a new position in shares of Adobe in the 1st quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Adobe in the 1st quarter worth approximately $26,000. Flaharty Asset Management LLC purchased a new position in shares of Adobe in the 1st quarter worth approximately $29,000. HHM Wealth Advisors LLC purchased a new position in Adobe in the first quarter valued at approximately $30,000. Finally, Garde Capital Inc. purchased a new position in Adobe in the first quarter valued at approximately $34,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on ADBE. TD Cowen dropped their price objective on Adobe from $470.00 to $420.00 and set a “hold” rating on the stock in a research note on Friday, September 12th. Rothschild & Co Redburn downgraded Adobe from a “neutral” rating to a “sell” rating and set a $280.00 price objective on the stock. in a research note on Wednesday, July 2nd. JMP Securities reiterated a “market perform” rating on shares of Adobe in a research note on Friday, September 12th. Wall Street Zen upgraded Adobe from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Finally, UBS Group dropped their price objective on Adobe from $400.00 to $375.00 and set a “neutral” rating on the stock in a research note on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $433.41.

Adobe Trading Down 1.0%

Shares of ADBE stock opened at $335.94 on Wednesday. The company’s fifty day simple moving average is $351.63 and its two-hundred day simple moving average is $369.85. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02. Adobe Inc. has a 1 year low of $330.04 and a 1 year high of $557.90. The stock has a market capitalization of $140.62 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 1.52 and a beta of 1.49.

Adobe (NASDAQ:ADBE) last issued its earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.18 by $0.13. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The business had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.91 billion. During the same quarter in the previous year, the firm posted $4.65 EPS. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. 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, analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current 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.