Calamos Advisors LLC Has $30.28 Million Holdings in Adobe Inc. $ADBE

Calamos Advisors LLC grew its position in shares of Adobe Inc. (NASDAQ:ADBE) by 0.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 78,278 shares of the software company’s stock after buying an additional 664 shares during the quarter. Calamos Advisors LLC’s holdings in Adobe were worth $30,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Schmidt P J Investment Management Inc. lifted its stake in Adobe by 2.9% in the first quarter. Schmidt P J Investment Management Inc. now owns 896 shares of the software company’s stock valued at $344,000 after acquiring an additional 25 shares during the last quarter. GS Investments Inc. lifted its stake in shares of Adobe by 0.3% in the 1st quarter. GS Investments Inc. now owns 7,563 shares of the software company’s stock valued at $2,901,000 after purchasing an additional 26 shares during the last quarter. Ted Buchan & Co boosted its holdings in Adobe by 1.9% in the first quarter. Ted Buchan & Co now owns 1,368 shares of the software company’s stock worth $525,000 after purchasing an additional 26 shares in the last quarter. Lifeworks Advisors LLC boosted its holdings in Adobe by 3.6% in the first quarter. Lifeworks Advisors LLC now owns 786 shares of the software company’s stock worth $301,000 after purchasing an additional 27 shares in the last quarter. Finally, VanderPol Investments L.L.C. increased its position in Adobe by 5.2% during the first quarter. VanderPol Investments L.L.C. now owns 546 shares of the software company’s stock worth $209,000 after buying an additional 27 shares during the last quarter. Institutional investors own 81.79% of the company’s stock.

Insider Activity at Adobe

In other news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $337.88, for a total transaction of $50,344.12. Following the sale, the chief accounting officer owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. This trade represents a 4.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Adobe Price Performance

Shares of Adobe stock opened at $337.05 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $141.09 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 1.51 and a beta of 1.47. The firm has a fifty day moving average price of $347.18 and a two-hundred day moving average price of $367.65. Adobe Inc. has a fifty-two week low of $323.03 and a fifty-two week high of $557.90.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, beating analysts’ consensus estimates of $5.18 by $0.13. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The business had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.91 billion. During the same quarter in the prior year, the business earned $4.65 earnings per share. The firm’s revenue for the quarter 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 year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ADBE. Redburn Partners set a $280.00 price target on Adobe in a research note on Monday, September 1st. Barclays set a $465.00 target price on Adobe and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Cowen reiterated a “hold” rating on shares of Adobe in a report on Wednesday, October 29th. TD Cowen reduced their price objective on shares of Adobe from $470.00 to $420.00 and set a “hold” rating for the company in a research note on Friday, September 12th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $405.00 price objective on shares of Adobe in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.