1,805 Shares in Adobe Inc. $ADBE Bought by Eubel Brady & Suttman Asset Management Inc.

Eubel Brady & Suttman Asset Management Inc. acquired a new position in shares of Adobe Inc. (NASDAQ:ADBE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,805 shares of the software company’s stock, valued at approximately $698,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. 1248 Management LLC bought a new stake in Adobe during the 1st quarter worth $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Adobe during the 1st quarter worth about $26,000. Flaharty Asset Management LLC acquired a new position in Adobe during the 1st quarter worth about $29,000. HHM Wealth Advisors LLC acquired a new position in Adobe during the 1st quarter worth about $30,000. Finally, Nexus Investment Management ULC acquired a new position in Adobe during the 2nd quarter worth about $31,000. Institutional investors own 81.79% of the company’s stock.

Adobe Stock Up 0.6%

Shares of NASDAQ:ADBE opened at $359.91 on Wednesday. The company has a market capitalization of $150.66 billion, a price-to-earnings ratio of 22.42, a P/E/G ratio of 1.60 and a beta of 1.49. 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 business’s 50-day moving average is $351.70 and its 200-day moving average is $368.98. Adobe Inc. has a 1 year low of $327.50 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.18 by $0.13. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The company had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.91 billion. During the same period in the previous year, the business earned $4.65 EPS. The firm’s revenue was up 10.7% compared to the same quarter last year. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. Equities research analysts predict that Adobe Inc. will post 16.65 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the company. Evercore ISI cut their target price on Adobe from $475.00 to $450.00 and set an “outperform” rating on the stock in a report on Friday, September 12th. Royal Bank Of Canada cut their target price on Adobe from $480.00 to $430.00 and set an “outperform” rating on the stock in a report on Monday, September 8th. TD Cowen cut their target price on Adobe from $470.00 to $420.00 and set a “hold” rating on the stock in a report on Friday, September 12th. DA Davidson reaffirmed a “buy” rating and set a $500.00 target price on shares of Adobe in a report on Friday, September 12th. Finally, Oppenheimer cut their target price on Adobe from $500.00 to $460.00 and set an “outperform” rating on the stock in a report on Tuesday, September 9th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $433.41.

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.