Adobe Inc. $ADBE Shares Purchased by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC grew its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 357.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,726 shares of the software company’s stock after buying an additional 6,817 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Adobe were worth $3,376,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ADBE. Connor Clark & Lunn Investment Management Ltd. increased its position in Adobe by 13.2% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 54,366 shares of the software company’s stock worth $21,033,000 after purchasing an additional 6,331 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Adobe by 4.7% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 850,650 shares of the software company’s stock valued at $329,099,000 after purchasing an additional 37,890 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Adobe by 7.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,355 shares of the software company’s stock worth $911,000 after purchasing an additional 165 shares during the last quarter. Summit Investment Advisors Inc. grew its holdings in shares of Adobe by 0.9% during the first quarter. Summit Investment Advisors Inc. now owns 24,824 shares of the software company’s stock worth $9,521,000 after buying an additional 225 shares in the last quarter. Finally, One Wealth Capital Management LLC grew its holdings in shares of Adobe by 16.2% during the second quarter. One Wealth Capital Management LLC now owns 2,906 shares of the software company’s stock worth $1,124,000 after buying an additional 406 shares in the last quarter. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 directly 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 filing with the SEC, which is accessible through this hyperlink. Insiders own 0.16% of the company’s stock.

Adobe Price Performance

Shares of Adobe stock opened at $326.95 on Monday. The business’s fifty day moving average price is $348.22 and its 200 day moving average price is $368.33. Adobe Inc. has a twelve month low of $323.03 and a twelve month 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. The stock has a market capitalization of $136.86 billion, a P/E ratio of 20.37, a PEG ratio of 1.51 and a beta of 1.47.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results 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 company 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%.The firm’s revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm posted $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. As a group, research analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current year.

Analyst Ratings Changes

ADBE has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Adobe in a research note on Wednesday, October 8th. BMO Capital Markets reissued an “outperform” rating and set a $405.00 price target on shares of Adobe in a research note on Wednesday, October 29th. Wall Street Zen cut Adobe from a “buy” rating to a “hold” rating in a report on Saturday. UBS Group dropped their target price on Adobe from $400.00 to $375.00 and set a “neutral” rating for the company in a research note on Friday, September 12th. Finally, Citigroup reduced their target price on Adobe from $450.00 to $400.00 and set a “neutral” rating on the stock in a research report on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $433.41.

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.