Adobe Inc. $ADBE Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers grew its position in Adobe Inc. (NASDAQ:ADBE) by 3.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 106,607 shares of the software company’s stock after purchasing an additional 3,980 shares during the period. Cetera Investment Advisers’ holdings in Adobe were worth $41,244,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ADBE. PFG Advisors grew its position in Adobe by 20.8% in the 1st quarter. PFG Advisors now owns 4,964 shares of the software company’s stock worth $1,904,000 after purchasing an additional 855 shares during the last quarter. Lathrop Investment Management Co. lifted its stake in shares of Adobe by 2.8% in the second quarter. Lathrop Investment Management Co. now owns 26,544 shares of the software company’s stock valued at $10,269,000 after buying an additional 718 shares during the period. Mcdaniel Terry & Co. grew its position in Adobe by 2.8% during the second quarter. Mcdaniel Terry & Co. now owns 39,507 shares of the software company’s stock worth $15,284,000 after buying an additional 1,093 shares in the last quarter. Jackson Thornton Wealth Management LLC bought a new position in Adobe during the second quarter valued at about $328,000. Finally, Koss Olinger Consulting LLC bought a new stake in shares of Adobe in the 1st quarter worth approximately $305,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Adobe Trading Down 0.7%

ADBE stock opened at $331.11 on Monday. The business has a fifty day moving average price of $346.61 and a 200 day moving average price of $367.07. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02. Adobe Inc. has a fifty-two week low of $323.03 and a fifty-two week high of $557.90. The stock has a market capitalization of $138.60 billion, a price-to-earnings ratio of 20.63, a P/E/G ratio of 1.51 and a beta of 1.47.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 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 for the quarter, compared to analyst estimates of $5.91 billion. During the same quarter in the previous year, the firm earned $4.65 earnings per share. The business’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. Analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Analysts Set New Price Targets

ADBE has been the topic of a number of research reports. Citigroup lowered their price objective on Adobe from $450.00 to $400.00 and set a “neutral” rating on the stock in a research report on Thursday, September 11th. TD Cowen lowered their price target on shares of Adobe from $470.00 to $420.00 and set a “hold” rating on the stock in a report on Friday, September 12th. DA Davidson reiterated a “buy” rating and set a $500.00 target price on shares of Adobe in a research report on Friday, September 12th. Melius cut shares of Adobe from a “hold” rating to a “sell” rating and set a $310.00 price target for the company. in a research note on Monday, August 11th. Finally, Morgan Stanley downgraded Adobe from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $520.00 to $450.00 in a research report on Wednesday, September 24th. One 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $433.41.

Insiders Place Their Bets

In other Adobe news, CAO Jillian Forusz sold 149 shares of the firm’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of the sale, the chief accounting officer owned 3,426 shares in the company, valued at approximately $1,157,576.88. This trade represents a 4.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.16% of the company’s stock.

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.