Adobe Inc. $ADBE Stock Position Raised by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. lifted its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 24.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,362 shares of the software company’s stock after purchasing an additional 7,650 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Adobe were worth $14,841,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ADBE. 1248 Management LLC acquired a new position in shares of Adobe in the first quarter worth about $25,000. LSV Asset Management lifted its position in shares of Adobe by 350.0% in the 2nd quarter. LSV Asset Management now owns 72 shares of the software company’s stock valued at $28,000 after acquiring an additional 56 shares in the last quarter. Flaharty Asset Management LLC purchased a new stake in shares of Adobe in the 1st quarter valued at approximately $29,000. HHM Wealth Advisors LLC acquired a new position in Adobe in the 1st quarter worth approximately $30,000. Finally, Nexus Investment Management ULC purchased a new position in Adobe during the 2nd quarter worth approximately $31,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Stock Performance

Shares of ADBE stock opened at $319.55 on Wednesday. Adobe Inc. has a fifty-two week low of $311.58 and a fifty-two week high of $557.90. The stock’s 50-day moving average is $342.21 and its two-hundred day moving average is $364.04. 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 firm has a market cap of $133.76 billion, a P/E ratio of 19.91, a PEG ratio of 1.51 and a beta of 1.47.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, beating the consensus estimate of $5.18 by $0.13. The business 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 firm’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business 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. Analysts predict that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ADBE has been the subject of a number of research analyst reports. Royal Bank Of Canada reduced their target price on Adobe from $480.00 to $430.00 and set an “outperform” rating for the company in a report on Monday, September 8th. Cowen reissued a “hold” rating on shares of Adobe in a research note on Wednesday, October 29th. Wells Fargo & Company decreased their price objective on Adobe from $470.00 to $420.00 and set an “overweight” rating for the company in a research report on Thursday, November 20th. Wall Street Zen cut Adobe from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Melius downgraded Adobe from a “hold” rating to a “sell” rating and set a $310.00 target price on the stock. in a report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Adobe presently has an average rating of “Hold” and a consensus price target of $428.96.

Insider Activity at Adobe

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

About Adobe

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.