Adobe Inc. $ADBE Stock Position Boosted by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. grew its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 1,166.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,875 shares of the software company’s stock after buying an additional 79,096 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Adobe were worth $33,223,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in ADBE. Intech Investment Management LLC lifted its position in Adobe by 28.7% in the second quarter. Intech Investment Management LLC now owns 252,533 shares of the software company’s stock worth $97,700,000 after purchasing an additional 56,354 shares during the period. Paragon Capital Management LLC bought a new stake in shares of Adobe in the 2nd quarter worth $962,000. Cetera Investment Advisers lifted its holdings in shares of Adobe by 3.9% in the second quarter. Cetera Investment Advisers now owns 106,607 shares of the software company’s stock valued at $41,244,000 after buying an additional 3,980 shares during the period. Creative Planning lifted its holdings in Adobe by 1.5% in the 2nd quarter. Creative Planning now owns 137,884 shares of the software company’s stock valued at $53,345,000 after acquiring an additional 2,040 shares during the last quarter. Finally, Condor Capital Management boosted its position in shares of Adobe by 135.8% during the 2nd quarter. Condor Capital Management now owns 7,172 shares of the software company’s stock valued at $2,775,000 after purchasing an additional 4,130 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Adobe

In related news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction on Friday, October 31st. The shares were sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of the sale, the chief accounting officer owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. The trade was a 4.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on ADBE. BMO Capital Markets reissued an “outperform” rating and set a $405.00 target price on shares of Adobe in a research note on Wednesday, October 29th. Melius lowered Adobe from a “hold” rating to a “sell” rating and set a $310.00 target price on the stock. in a research report on Monday, August 11th. Oppenheimer reduced 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. Royal Bank Of Canada dropped their price target on Adobe from $480.00 to $430.00 and set an “outperform” rating on the stock in a research note on Monday, September 8th. Finally, UBS Group decreased their target price on shares of Adobe from $400.00 to $375.00 and set a “neutral” rating for the company in a report on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Adobe has a consensus rating of “Hold” and a consensus target price of $433.41.

Adobe Trading Down 0.7%

Shares of NASDAQ:ADBE opened at $331.11 on Friday. The firm has a fifty day moving average of $346.61 and a two-hundred day moving average of $367.12. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. Adobe Inc. has a 12-month low of $323.03 and a 12-month high of $557.90. The firm has a market capitalization of $138.60 billion, a P/E ratio of 20.63, a price-to-earnings-growth ratio of 1.51 and a beta of 1.47.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.18 by $0.13. The firm had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.91 billion. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The business’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter last year, the firm earned $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. On average, equities analysts expect that Adobe Inc. will post 16.65 EPS 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.