Brighton Jones LLC Acquires 3,245 Shares of Adobe Inc. $ADBE

Brighton Jones LLC raised its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 43.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,750 shares of the software company’s stock after purchasing an additional 3,245 shares during the quarter. Brighton Jones LLC’s holdings in Adobe were worth $4,159,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. MQS Management LLC bought a new stake in Adobe during the 2nd quarter valued at $216,000. Ramsay Stattman Vela & Price Inc. increased its stake in shares of Adobe by 1.0% during the second quarter. Ramsay Stattman Vela & Price Inc. now owns 12,090 shares of the software company’s stock valued at $4,677,000 after buying an additional 115 shares during the period. Mcdaniel Terry & Co. raised its holdings in shares of Adobe by 2.8% in the second quarter. Mcdaniel Terry & Co. now owns 39,507 shares of the software company’s stock valued at $15,284,000 after acquiring an additional 1,093 shares in the last quarter. SSA Swiss Advisors AG purchased a new stake in Adobe in the second quarter worth about $3,608,000. Finally, Focus Partners Advisor Solutions LLC grew its holdings in Adobe by 2.5% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 8,618 shares of the software company’s stock worth $3,334,000 after acquiring an additional 207 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Royal Bank Of Canada reduced their price target on shares of Adobe from $480.00 to $430.00 and set an “outperform” rating for the company in a report on Monday, September 8th. Citigroup reduced their price objective on shares of Adobe from $450.00 to $400.00 and set a “neutral” rating for the company in a research note on Thursday, September 11th. Oppenheimer lowered their target price on Adobe from $500.00 to $460.00 and set an “outperform” rating for the company in a report on Tuesday, September 9th. Melius downgraded Adobe from a “hold” rating to a “sell” rating and set a $310.00 price target on the stock. in a report on Monday, August 11th. Finally, Morgan Stanley lowered Adobe from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $520.00 to $450.00 in a research report on Wednesday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $433.41.

Adobe Trading Down 0.2%

ADBE opened at $353.52 on Friday. The firm has a market cap of $147.98 billion, a price-to-earnings ratio of 22.03, a PEG ratio of 1.58 and a beta of 1.49. 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 Inc. has a 12 month low of $327.50 and a 12 month high of $557.90. The stock has a fifty day moving average price of $351.71 and a 200-day moving average price of $368.92.

Adobe (NASDAQ:ADBE) last announced its earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.18 by $0.13. The company had revenue of $5.99 billion for 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 quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the company 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 research analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

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.