Vestmark Advisory Solutions Inc. Has $2.55 Million Stake in Adobe Inc. $ADBE

Vestmark Advisory Solutions Inc. grew its position in Adobe Inc. (NASDAQ:ADBE) by 31.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,577 shares of the software company’s stock after acquiring an additional 1,585 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Adobe were worth $2,545,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Brighton Jones LLC lifted its position in Adobe by 2.1% during the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock worth $3,588,000 after buying an additional 167 shares in the last quarter. Alps Advisors Inc. raised its stake in shares of Adobe by 25.2% in the first quarter. Alps Advisors Inc. now owns 8,639 shares of the software company’s stock worth $3,313,000 after acquiring an additional 1,740 shares during the last quarter. MJP Associates Inc. ADV raised its stake in shares of Adobe by 13.2% in the first quarter. MJP Associates Inc. ADV now owns 855 shares of the software company’s stock worth $328,000 after acquiring an additional 100 shares during the last quarter. Country Club Bank lifted its position in shares of Adobe by 1.2% during the first quarter. Country Club Bank now owns 3,338 shares of the software company’s stock worth $1,287,000 after purchasing an additional 40 shares in the last quarter. Finally, Riversedge Advisors LLC bought a new stake in shares of Adobe during the first quarter valued at approximately $207,000. 81.79% of the stock is currently owned by institutional investors.

Insider Activity at Adobe

In related news, CAO Jillian Forusz sold 149 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $337.88, for a total transaction of $50,344.12. Following the sale, the chief accounting officer owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. This trade represents a 4.17% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.16% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on ADBE. Weiss Ratings restated a “hold (c-)” rating on shares of Adobe in a research report on Wednesday, October 8th. Melius lowered Adobe from a “hold” rating to a “sell” rating and set a $310.00 price target on the stock. in a research note on Monday, August 11th. BMO Capital Markets reiterated an “outperform” rating and issued a $405.00 price objective on shares of Adobe in a research report on Wednesday, October 29th. TD Cowen dropped their price objective on Adobe from $470.00 to $420.00 and set a “hold” rating for the company in a report on Friday, September 12th. Finally, Piper Sandler cut their target price on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a research report on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $433.41.

Adobe Stock Down 0.1%

Shares of Adobe stock opened at $326.95 on Friday. The business has a fifty day simple moving average of $348.22 and a 200 day simple moving average of $368.22. The stock has a market cap of $136.86 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 1.51 and a beta of 1.47. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. Adobe Inc. has a 12 month low of $323.03 and a 12 month high of $557.90.

Adobe (NASDAQ:ADBE) last issued its earnings results 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. The firm had revenue of $5.99 billion for 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%.The company’s revenue was up 10.7% compared to the same quarter last year. During the same quarter 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. Research analysts predict that Adobe Inc. will post 16.65 EPS for the current year.

Adobe 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.