Olympiad Research LP Purchases 216 Shares of Adobe Inc. $ADBE

Olympiad Research LP lifted its position in Adobe Inc. (NASDAQ:ADBE) by 18.8% in the 2nd quarter, Holdings Channel reports. The fund owned 1,368 shares of the software company’s stock after acquiring an additional 216 shares during the quarter. Adobe accounts for 0.9% of Olympiad Research LP’s holdings, making the stock its 14th biggest holding. Olympiad Research LP’s holdings in Adobe were worth $529,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. 1248 Management LLC bought a new position in Adobe during the 1st quarter valued at approximately $25,000. Flaharty Asset Management LLC bought a new position in Adobe in the 1st quarter worth about $29,000. HHM Wealth Advisors LLC purchased a new position in Adobe in the first quarter worth about $30,000. Nexus Investment Management ULC bought a new position in shares of Adobe in the second quarter worth approximately $31,000. Finally, Barnes Dennig Private Wealth Management LLC grew its holdings in shares of Adobe by 44.9% during the second quarter. Barnes Dennig Private Wealth Management LLC now owns 100 shares of the software company’s stock valued at $39,000 after buying an additional 31 shares during the last quarter. Institutional investors own 81.79% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on ADBE. DA Davidson restated a “buy” rating and issued a $500.00 price objective on shares of Adobe in a report on Friday, September 12th. Mizuho lowered Adobe from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 24th. Wall Street Zen downgraded Adobe from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Cowen reaffirmed a “hold” rating on shares of Adobe in a research report on Wednesday, October 29th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $405.00 target price on shares of Adobe 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $433.41.

Adobe Stock Down 1.0%

ADBE opened at $333.60 on Friday. The firm’s 50 day simple moving average is $346.97 and its two-hundred day simple moving average is $367.41. The company has a market capitalization of $139.64 billion, a PE ratio of 20.79, a PEG ratio of 1.51 and a beta of 1.47. Adobe Inc. has a 1-year low of $323.03 and a 1-year high of $557.90. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, topping the consensus estimate of $5.18 by $0.13. The firm had revenue of $5.99 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business posted $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. As a group, equities analysts forecast that Adobe Inc. will post 16.65 EPS for the current year.

Insider Transactions at Adobe

In other Adobe news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $337.88, for a total transaction of $50,344.12. Following the transaction, the chief accounting officer owned 3,426 shares of the company’s stock, valued at $1,157,576.88. The trade was a 4.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.16% of the company’s stock.

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.