Adobe Inc. $ADBE Shares Bought by Shariaportfolio Inc.

Shariaportfolio Inc. raised its holdings in Adobe Inc. (NASDAQ:ADBE) by 2.1% during the second quarter, HoldingsChannel reports. The firm owned 6,666 shares of the software company’s stock after buying an additional 139 shares during the period. Adobe comprises about 1.1% of Shariaportfolio Inc.’s investment portfolio, making the stock its 12th biggest holding. Shariaportfolio Inc.’s holdings in Adobe were worth $2,579,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Winthrop Advisory Group LLC increased its stake in Adobe by 35.1% in the second quarter. Winthrop Advisory Group LLC now owns 905 shares of the software company’s stock valued at $350,000 after purchasing an additional 235 shares during the period. Hendley & Co. Inc. increased its stake in Adobe by 1.4% in the second quarter. Hendley & Co. Inc. now owns 12,045 shares of the software company’s stock valued at $4,660,000 after purchasing an additional 168 shares during the period. Lakeshore Capital Group Inc. increased its stake in Adobe by 35.5% in the second quarter. Lakeshore Capital Group Inc. now owns 1,118 shares of the software company’s stock valued at $432,000 after purchasing an additional 293 shares during the period. Proffitt & Goodson Inc. increased its stake in Adobe by 3.6% in the second quarter. Proffitt & Goodson Inc. now owns 1,919 shares of the software company’s stock valued at $742,000 after purchasing an additional 66 shares during the period. Finally, Sax Wealth Advisors LLC acquired a new position in Adobe in the second quarter valued at $217,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ADBE has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Adobe from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Phillip Securities upgraded shares of Adobe from a “moderate sell” rating to a “strong-buy” rating in a research note on Monday, June 16th. Bank of America boosted their price target on shares of Adobe from $424.00 to $475.00 and gave the stock a “buy” rating in a research note on Friday, June 13th. Barclays boosted their price target on shares of Adobe from $460.00 to $465.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. Finally, Stifel Nicolaus dropped their price target on shares of Adobe from $525.00 to $480.00 and set a “buy” rating on the stock in a research note on Friday, June 13th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Adobe presently has an average rating of “Hold” and a consensus price target of $433.41.

Adobe Trading Down 0.5%

Shares of ADBE opened at $348.31 on Wednesday. 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 firm’s 50-day moving average is $352.39 and its two-hundred day moving average is $371.72. Adobe Inc. has a twelve month low of $330.04 and a twelve month high of $557.90. The firm has a market capitalization of $145.80 billion, a P/E ratio of 21.70, a PEG ratio of 1.57 and a beta of 1.49.

Adobe (NASDAQ:ADBE) last issued its earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, topping 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 company had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.91 billion. During the same period in the prior year, the business posted $4.65 earnings per share. The firm’s revenue for the quarter 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. On average, research analysts predict that Adobe Inc. will post 16.65 earnings per share 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.