Catalyst Capital Advisors LLC Boosts Stake in Adobe Inc. $ADBE

Catalyst Capital Advisors LLC raised its position in shares of Adobe Inc. (NASDAQ:ADBE) by 116.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 720 shares of the software company’s stock after acquiring an additional 387 shares during the period. Catalyst Capital Advisors LLC’s holdings in Adobe were worth $279,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ADBE. Brighton Jones LLC grew its position in Adobe by 2.1% during the fourth quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock valued at $3,588,000 after acquiring an additional 167 shares during the period. GAMMA Investing LLC increased its holdings in Adobe by 22.3% in the 1st 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 holdings in Adobe by 6.5% in the 1st quarter. Moran Wealth Management LLC now owns 1,402 shares of the software company’s stock valued at $538,000 after purchasing an additional 86 shares in the last quarter. Global Assets Advisory LLC acquired a new stake in Adobe in the 1st quarter valued at $217,000. Finally, Golden State Equity Partners increased its holdings in 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 in the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Stock Performance

NASDAQ:ADBE opened at $353.52 on Friday. 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 $327.50 and a 1-year high of $557.90. The firm has a 50-day moving average of $351.71 and a two-hundred day moving average of $368.72. The stock has a market cap of $147.98 billion, a P/E ratio of 22.03, a PEG ratio of 1.59 and a beta of 1.49.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, topping the consensus estimate 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 last year, the company posted $4.65 earnings per share. The company’s quarterly revenue 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. On average, research analysts expect that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. JMP Securities reiterated a “market perform” rating on shares of Adobe in a report on Friday, September 12th. Barclays increased their price target on Adobe from $460.00 to $465.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Adobe in a report on Friday. Redburn Partners set a $280.00 price target on Adobe in a report on Monday, September 1st. Finally, Rothschild & Co Redburn downgraded Adobe from a “neutral” rating to a “sell” rating and set a $280.00 price target for the company. in a report on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have assigned 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 a consensus price target 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.