AlTi Global Inc. Grows Stake in Adobe Inc. $ADBE

AlTi Global Inc. increased its holdings in Adobe Inc. (NASDAQ:ADBE) by 1.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,633 shares of the software company’s stock after purchasing an additional 220 shares during the period. AlTi Global Inc.’s holdings in Adobe were worth $8,368,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC grew its holdings in Adobe by 2.1% during the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock valued at $3,588,000 after buying an additional 167 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Adobe by 22.3% in the first quarter. GAMMA Investing LLC now owns 7,798 shares of the software company’s stock valued at $2,991,000 after purchasing an additional 1,422 shares in the last quarter. Moran Wealth Management LLC increased its position in Adobe by 6.5% in the first quarter. Moran Wealth Management LLC now owns 1,402 shares of the software company’s stock worth $538,000 after purchasing an additional 86 shares during the last quarter. Global Assets Advisory LLC purchased a new position in shares of Adobe in the 1st quarter worth $217,000. Finally, Golden State Equity Partners lifted its stake in shares of Adobe by 3.1% in the 1st quarter. Golden State Equity Partners now owns 1,065 shares of the software company’s stock valued at $408,000 after purchasing an additional 32 shares during the last quarter. 81.79% of the stock is owned by hedge funds and other institutional investors.

Adobe Stock Up 0.0%

Shares of NASDAQ:ADBE opened at $354.12 on Friday. The company has a market capitalization of $148.23 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 1.59 and a beta of 1.49. Adobe Inc. has a 12-month low of $327.50 and a 12-month high of $557.90. The business has a 50-day moving average price of $351.74 and a 200 day moving average price of $368.63. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share 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 analysts’ expectations of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period last year, the business earned $4.65 earnings per share. 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 expect that Adobe Inc. will post 16.65 EPS for the current year.

Analyst Upgrades and Downgrades

ADBE has been the topic of several recent analyst reports. Wall Street Zen downgraded Adobe from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Rothschild & Co Redburn lowered Adobe from a “neutral” rating to a “sell” rating and set a $280.00 target price on the stock. in a research note on Wednesday, July 2nd. BMO Capital Markets dropped 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. Oppenheimer lowered their price objective on shares of Adobe from $500.00 to $460.00 and set an “outperform” rating for the company in a research note on Tuesday, September 9th. Finally, Mizuho lowered shares of Adobe from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Adobe presently has a consensus rating of “Hold” and a consensus target price of $433.41.

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.