Farther Finance Advisors LLC Has $4.34 Million Position in Adobe Inc. $ADBE

Farther Finance Advisors LLC lifted its stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 17.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,227 shares of the software company's stock after purchasing an additional 1,670 shares during the quarter. Farther Finance Advisors LLC's holdings in Adobe were worth $4,344,000 as of its most recent filing with the Securities and Exchange Commission.

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A number of other institutional investors also recently modified their holdings of the stock. Siemens Fonds Invest GmbH boosted its holdings in Adobe by 252.9% in the fourth quarter. Siemens Fonds Invest GmbH now owns 55,658 shares of the software company's stock valued at $25,000 after acquiring an additional 39,888 shares in the last quarter. 1248 Management LLC purchased a new stake in Adobe during the 1st quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Adobe during the first quarter valued at $26,000. SWAN Capital LLC purchased a new stake in Adobe in the fourth quarter valued at about $28,000. Finally, Copia Wealth Management purchased a new position in shares of Adobe in the fourth quarter worth about $28,000. Institutional investors and hedge funds own 81.79% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ADBE shares. Mizuho lowered their price objective on Adobe from $530.00 to $460.00 and set an "outperform" rating on the stock in a research note on Monday, September 8th. Wall Street Zen raised Adobe from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Wells Fargo & Company reissued an "overweight" rating and set a $470.00 target price (up from $430.00) on shares of Adobe in a research note on Friday, June 13th. Redburn Partners set a $280.00 price objective on Adobe in a report on Monday, September 1st. Finally, Citigroup cut their price target on Adobe from $450.00 to $400.00 and set a "neutral" rating on the stock in a research note on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Adobe presently has a consensus rating of "Moderate Buy" and an average target price of $435.63.

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Check Out Our Latest Research Report on Adobe

Adobe Price Performance

ADBE stock opened at $365.90 on Friday. The stock has a market cap of $155.21 billion, a PE ratio of 22.80, a P/E/G ratio of 1.64 and a beta of 1.48. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 0.99. The firm has a 50 day simple moving average of $355.88 and a two-hundred day simple moving average of $376.47. Adobe Inc. has a one year low of $330.04 and a one year high of $557.90.

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Adobe (NASDAQ:ADBE - Get Free Report) last issued its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share (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 net margin of 30.01% and a return on equity of 57.54%. Adobe's quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the business earned $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. On average, analysts predict that Adobe Inc. will post 16.65 EPS for the current fiscal 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.

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