West Family Investments Inc. Has $604,000 Stock Position in Adobe Inc. $ADBE

West Family Investments Inc. increased its stake in Adobe Inc. (NASDAQ:ADBE) by 58.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,562 shares of the software company’s stock after buying an additional 577 shares during the quarter. West Family Investments Inc.’s holdings in Adobe were worth $604,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its position in shares of Adobe by 2.1% in the fourth quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock valued at $3,588,000 after buying an additional 167 shares during the last quarter. Sound View Wealth Advisors Group LLC raised its stake in Adobe by 9.6% in the 1st quarter. Sound View Wealth Advisors Group LLC now owns 750 shares of the software company’s stock valued at $288,000 after acquiring an additional 66 shares during the period. Baker Avenue Asset Management LP lifted its holdings in Adobe by 241.5% during the 1st quarter. Baker Avenue Asset Management LP now owns 2,524 shares of the software company’s stock valued at $968,000 after purchasing an additional 1,785 shares during the last quarter. Signature Wealth Management Partners LLC boosted its position in Adobe by 31.6% during the first quarter. Signature Wealth Management Partners LLC now owns 917 shares of the software company’s stock worth $352,000 after purchasing an additional 220 shares during the period. Finally, Mirabaud & Cie SA increased its holdings in shares of Adobe by 33.0% in the first quarter. Mirabaud & Cie SA now owns 9,498 shares of the software company’s stock valued at $3,643,000 after purchasing an additional 2,357 shares during the last quarter. 81.79% of the stock is owned by institutional investors.

Adobe Stock Performance

Shares of Adobe stock opened at $320.25 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. The company has a market cap of $134.05 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 1.51 and a beta of 1.47. The company has a 50 day moving average of $339.41 and a 200-day moving average of $362.63. Adobe Inc. has a 1-year low of $311.58 and a 1-year 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 the consensus estimate 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 the consensus estimate of $5.91 billion. During the same period in the previous year, the business earned $4.65 earnings per share. The company’s revenue 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. As a group, equities research analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ADBE has been the subject of a number of research reports. DA Davidson restated a “buy” rating and set a $500.00 target price on shares of Adobe in a research note on Thursday, November 20th. Barclays set a $465.00 price objective on shares of Adobe and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Citigroup decreased their target price on Adobe from $450.00 to $400.00 and set a “neutral” rating on the stock in a research report on Thursday, September 11th. Melius cut Adobe from a “hold” rating to a “sell” rating and set a $310.00 price target for the company. in a report on Monday, August 11th. Finally, Mizuho reduced their price target on Adobe from $410.00 to $390.00 and set an “outperform” rating for the company in a research note on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $428.96.

Insider Activity at Adobe

In related news, CAO Jillian Forusz sold 149 shares of the company’s stock in a transaction 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 completion of the sale, the chief accounting officer directly owned 3,426 shares in the company, valued at $1,157,576.88. This represents a 4.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.16% of the company’s stock.

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.