Hunter Associates Investment Management LLC Has $757,000 Stock Position in Adobe Inc. $ADBE

Hunter Associates Investment Management LLC lifted its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 24.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,956 shares of the software company’s stock after buying an additional 389 shares during the period. Hunter Associates Investment Management LLC’s holdings in Adobe were worth $757,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. 1248 Management LLC acquired a new position in Adobe during the first quarter worth about $25,000. Flaharty Asset Management LLC acquired a new position in Adobe during the first quarter worth about $29,000. HHM Wealth Advisors LLC acquired a new position in Adobe during the first quarter worth about $30,000. Nexus Investment Management ULC acquired a new position in Adobe during the second quarter worth about $31,000. Finally, Barnes Dennig Private Wealth Management LLC raised its stake in Adobe by 44.9% during the second quarter. Barnes Dennig Private Wealth Management LLC now owns 100 shares of the software company’s stock worth $39,000 after acquiring an additional 31 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors.

Adobe Price Performance

Adobe stock opened at $337.47 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $141.26 billion, a PE ratio of 21.03, a P/E/G 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 stock has a 50-day moving average price of $350.15 and a two-hundred day moving average price of $368.81.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.18 by $0.13. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The company had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same period last year, the company earned $4.65 earnings per share. The firm’s 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. Analysts expect that Adobe Inc. will post 16.65 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on ADBE shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Adobe in a research note on Wednesday, October 8th. JMP Securities reissued a “market perform” rating on shares of Adobe in a research note on Friday, September 12th. Oppenheimer lowered their target price on Adobe from $500.00 to $460.00 and set an “outperform” rating for the company in a research note on Tuesday, September 9th. Royal Bank Of Canada lowered their target price on Adobe from $480.00 to $430.00 and set an “outperform” rating for the company in a research note on Monday, September 8th. Finally, Barclays set a $465.00 target price on Adobe and gave the company an “overweight” rating in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Adobe currently has a consensus rating of “Hold” and an average 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.