Intellectus Partners LLC Has $2.26 Million Stake in Adobe Inc. $ADBE

Intellectus Partners LLC raised its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 24.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 5,844 shares of the software company’s stock after purchasing an additional 1,149 shares during the quarter. Intellectus Partners LLC’s holdings in Adobe were worth $2,261,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. 1248 Management LLC bought a new position in Adobe during the first quarter valued at about $25,000. Flaharty Asset Management LLC bought a new stake in shares of Adobe in the 1st quarter worth approximately $29,000. HHM Wealth Advisors LLC acquired a new stake in shares of Adobe during the 1st quarter worth approximately $30,000. Nexus Investment Management ULC bought a new stake in shares of Adobe during the second quarter valued at approximately $31,000. Finally, Cornerstone Planning Group LLC raised its stake in shares of Adobe by 128.6% in the first quarter. Cornerstone Planning Group LLC now owns 112 shares of the software company’s stock valued at $39,000 after purchasing an additional 63 shares in the last quarter. Institutional investors own 81.79% of the company’s stock.

Adobe Price Performance

NASDAQ:ADBE opened at $340.31 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. The firm has a market cap of $142.45 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 1.51 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 company’s 50-day moving average price is $350.67 and its two-hundred day moving average price is $368.89.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share 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 company had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.91 billion. During the same quarter last year, the business posted $4.65 earnings per share. The company’s revenue was up 10.7% on a year-over-year basis. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. On average, equities analysts anticipate that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ADBE shares. BMO Capital Markets reiterated an “outperform” rating and set a $405.00 price target on shares of Adobe in a research note on Wednesday. UBS Group reduced their price objective on shares of Adobe from $400.00 to $375.00 and set a “neutral” rating for the company in a report on Friday, September 12th. Cowen reissued a “hold” rating on shares of Adobe in a research note on Wednesday. Wall Street Zen raised shares of Adobe from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. Finally, Oppenheimer decreased their price objective on Adobe from $500.00 to $460.00 and set an “outperform” rating on the stock in a report on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $433.41.

About Adobe

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.