Broyhill Asset Management LLC Buys 65 Shares of Adobe Inc. $ADBE

Broyhill Asset Management LLC increased its holdings in Adobe Inc. (NASDAQ:ADBE) by 9.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 732 shares of the software company’s stock after acquiring an additional 65 shares during the period. Broyhill Asset Management LLC’s holdings in Adobe were worth $281,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Siemens Fonds Invest GmbH raised its position in shares of 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 purchasing an additional 39,888 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Adobe during the first quarter worth approximately $26,000. SWAN Capital LLC purchased a new position in shares of Adobe during the fourth quarter worth approximately $28,000. Copia Wealth Management purchased a new position in shares of Adobe in the fourth quarter worth $28,000. Finally, HHM Wealth Advisors LLC purchased a new position in shares of Adobe in the first quarter worth $30,000. Institutional investors own 81.79% of the company’s stock.

Adobe Price Performance

Adobe stock opened at $356.35 on Thursday. The company has a fifty day simple moving average of $364.81 and a 200-day simple moving average of $388.37. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $151.16 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 1.68 and a beta of 1.51. Adobe Inc. has a 52-week low of $330.04 and a 52-week high of $587.75.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, June 12th. The software company reported $5.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.97 by $0.09. The business had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.80 billion. Adobe had a return on equity of 53.68% and a net margin of 30.39%.The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the business posted $4.48 EPS. Adobe has set its Q3 2025 guidance at 5.150-5.200 EPS. FY 2025 guidance at 20.500-20.700 EPS. On average, equities analysts anticipate that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ADBE has been the subject of several analyst reports. Mizuho reduced their price target on Adobe from $575.00 to $530.00 and set an “outperform” rating for the company in a report on Friday, June 13th. Oppenheimer lowered their price objective on Adobe from $530.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, June 13th. Evercore ISI reaffirmed an “outperform” rating and issued a $475.00 target price on shares of Adobe in a report on Friday, June 13th. Robert W. Baird lifted their price target on Adobe from $410.00 to $425.00 and gave the stock a “neutral” rating in a research report on Monday, June 16th. Finally, UBS Group raised their price objective on shares of Adobe from $380.00 to $430.00 and gave the stock a “neutral” rating in a research note on Monday, June 9th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Adobe currently has an average rating of “Moderate Buy” and a consensus target price of $467.58.

Adobe Company 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.