Adobe Inc. $ADBE Shares Bought by Silvant Capital Management LLC

Silvant Capital Management LLC raised its position in Adobe Inc. (NASDAQ:ADBE) by 2.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,141 shares of the software company’s stock after buying an additional 149 shares during the period. Silvant Capital Management LLC’s holdings in Adobe were worth $2,739,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ADBE. GAMMA Investing LLC increased its holdings in Adobe by 46,806.6% in the first quarter. GAMMA Investing LLC now owns 2,990,767 shares of the software company’s stock valued at $1,147,049,000 after buying an additional 2,984,391 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Adobe by 68.3% in the first quarter. Goldman Sachs Group Inc. now owns 4,575,792 shares of the software company’s stock valued at $1,754,954,000 after buying an additional 1,856,544 shares in the last quarter. Nuveen LLC purchased a new position in Adobe in the first quarter valued at $607,443,000. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in Adobe by 1,482.7% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,298,389 shares of the software company’s stock valued at $498,000 after buying an additional 1,216,351 shares in the last quarter. Finally, Two Sigma Advisers LP increased its holdings in Adobe by 1,414.5% in the fourth quarter. Two Sigma Advisers LP now owns 889,000 shares of the software company’s stock valued at $395,321,000 after buying an additional 830,300 shares in the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Citigroup cut their price objective on shares of Adobe from $465.00 to $450.00 and set a “neutral” rating for the company in a report on Monday, June 16th. JMP Securities reaffirmed a “market perform” rating on shares of Adobe in a report on Monday, June 23rd. Rothschild & Co Redburn cut shares of Adobe from a “neutral” rating to a “sell” rating and set a $280.00 target price for the company. in a research note on Wednesday, July 2nd. Evercore ISI reissued an “outperform” rating and set a $475.00 target price on shares of Adobe in a research note on Friday, June 13th. Finally, Bank of America boosted their target price 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. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $467.58.

Adobe Stock Down 2.3%

ADBE stock opened at $354.91 on Wednesday. Adobe Inc. has a 52 week low of $330.04 and a 52 week high of $587.75. The stock has a market capitalization of $150.55 billion, a P/E ratio of 22.71, a P/E/G ratio of 1.72 and a beta of 1.51. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.54. The firm has a 50-day simple moving average of $365.25 and a 200-day simple moving average of $388.59.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, June 12th. The software company reported $5.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.97 by $0.09. Adobe had a net margin of 30.39% and a return on equity of 53.68%. The company had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.80 billion. During the same quarter in the prior year, the company earned $4.48 EPS. Adobe’s revenue was up 10.6% compared to the same quarter last year. Adobe has set its Q3 2025 guidance at 5.150-5.200 EPS. FY 2025 guidance at 20.500-20.700 EPS. Equities analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

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.