Chilton Capital Management LLC Buys 246 Shares of Adobe Inc. $ADBE

Chilton Capital Management LLC grew its stake in Adobe Inc. (NASDAQ:ADBE) by 4.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,335 shares of the software company’s stock after purchasing an additional 246 shares during the quarter. Chilton Capital Management LLC’s holdings in Adobe were worth $2,451,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in ADBE. 1248 Management LLC acquired a new stake in Adobe during the 1st quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Adobe during the first quarter worth $26,000. Flaharty Asset Management LLC acquired a new stake in shares of Adobe during the first quarter worth $29,000. HHM Wealth Advisors LLC bought a new stake in shares of Adobe in the first quarter valued at about $30,000. Finally, Nexus Investment Management ULC acquired a new position in shares of Adobe in the second quarter valued at about $31,000. Institutional investors own 81.79% of the company’s stock.

Adobe Price Performance

ADBE stock opened at $353.52 on Friday. Adobe Inc. has a 1 year low of $327.50 and a 1 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 stock has a market cap of $147.98 billion, a price-to-earnings ratio of 22.03, a P/E/G ratio of 1.58 and a beta of 1.49. The company has a 50 day simple moving average of $351.71 and a 200 day simple moving average of $368.92.

Adobe (NASDAQ:ADBE) last announced 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 company had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.91 billion. Adobe had a return on equity of 57.54% and a net margin of 30.01%.Adobe’s revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the company earned $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. Research analysts anticipate that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. DA Davidson reissued a “buy” rating and issued a $500.00 price objective on shares of Adobe in a report on Friday, September 12th. TD Cowen reduced their price target on Adobe from $470.00 to $420.00 and set a “hold” rating on the stock in a research report on Friday, September 12th. UBS Group dropped their price objective on Adobe from $400.00 to $375.00 and set a “neutral” rating for the company in a report on Friday, September 12th. Oppenheimer reduced their target price on Adobe from $500.00 to $460.00 and set an “outperform” rating on the stock in a report on Tuesday, September 9th. Finally, Redburn Partners set a $280.00 price target 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, eleven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average 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.