Adobe Inc. $ADBE Shares Acquired by New Hampshire Trust

New Hampshire Trust increased its holdings in Adobe Inc. (NASDAQ:ADBE) by 2.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,243 shares of the software company’s stock after acquiring an additional 134 shares during the quarter. New Hampshire Trust’s holdings in Adobe were worth $2,028,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. 1248 Management LLC acquired a new stake in Adobe in the first quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Adobe in the first quarter worth $26,000. Flaharty Asset Management LLC purchased a new position in Adobe in the first quarter worth $29,000. HHM Wealth Advisors LLC purchased a new position in Adobe in the first quarter worth $30,000. Finally, Nexus Investment Management ULC purchased a new position in Adobe in the second quarter worth $31,000. 81.79% of the stock is owned by institutional investors and hedge funds.

Adobe Price Performance

Shares of NASDAQ:ADBE opened at $353.52 on Friday. The business’s fifty day moving average price is $351.71 and its two-hundred day moving average price is $368.92. The stock has a market cap of $147.98 billion, a PE ratio of 22.03, a price-to-earnings-growth ratio of 1.58 and a beta of 1.49. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.02. Adobe Inc. has a one year low of $327.50 and a one year high of $557.90.

Adobe (NASDAQ:ADBE) last released its earnings results 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 company had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm earned $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. On average, analysts forecast that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ADBE. Royal Bank Of Canada decreased their price objective on shares of Adobe from $480.00 to $430.00 and set an “outperform” rating on the stock in a report on Monday, September 8th. Melius downgraded shares of Adobe from a “hold” rating to a “sell” rating and set a $310.00 price objective on the stock. in a report on Monday, August 11th. BMO Capital Markets decreased their target price on Adobe from $450.00 to $405.00 and set an “outperform” rating on the stock in a research report on Friday, September 12th. UBS Group decreased their target price on Adobe from $400.00 to $375.00 and set a “neutral” rating on the stock in a research report on Friday, September 12th. Finally, DA Davidson reiterated a “buy” rating and set a $500.00 target price on shares of Adobe in a research report on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price 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.