Aurora Investment Counsel Purchases 127 Shares of Adobe Inc. $ADBE

Aurora Investment Counsel increased its position in Adobe Inc. (NASDAQ:ADBE) by 1.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,652 shares of the software company’s stock after acquiring an additional 127 shares during the period. Adobe comprises about 1.4% of Aurora Investment Counsel’s investment portfolio, making the stock its 13th biggest holding. Aurora Investment Counsel’s holdings in Adobe were worth $2,574,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Garde Capital Inc. bought a new stake in Adobe during the first quarter valued at about $34,000. PFG Advisors grew its holdings in Adobe by 20.8% during the first quarter. PFG Advisors now owns 4,964 shares of the software company’s stock valued at $1,904,000 after purchasing an additional 855 shares during the period. Krane Funds Advisors LLC grew its holdings in Adobe by 110.4% during the first quarter. Krane Funds Advisors LLC now owns 1,391 shares of the software company’s stock valued at $533,000 after purchasing an additional 730 shares during the period. Financial Counselors Inc. grew its holdings in Adobe by 9.2% during the first quarter. Financial Counselors Inc. now owns 62,851 shares of the software company’s stock valued at $24,105,000 after purchasing an additional 5,298 shares during the period. Finally, Koss Olinger Consulting LLC bought a new stake in Adobe during the first quarter valued at about $305,000. Institutional investors own 81.79% of the company’s stock.

Adobe Price Performance

NASDAQ:ADBE opened at $343.40 on Tuesday. 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 capitalization of $143.75 billion, a P/E ratio of 21.40, a P/E/G ratio of 1.49 and a beta of 1.49. Adobe Inc. has a 12 month low of $327.50 and a 12 month high of $557.90. The business’s 50-day moving average is $351.18 and its 200 day moving average is $368.72.

Adobe (NASDAQ:ADBE) last posted its earnings results on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, topping analysts’ consensus estimates of $5.18 by $0.13. The company had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.91 billion. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the business earned $4.65 earnings per share. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. On average, equities research analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ADBE shares. UBS Group lowered their price objective on Adobe from $400.00 to $375.00 and set a “neutral” rating on the stock in a research report on Friday, September 12th. Royal Bank Of Canada lowered their price objective on Adobe from $480.00 to $430.00 and set an “outperform” rating on the stock in a research report on Monday, September 8th. Oppenheimer lowered their price objective on Adobe from $500.00 to $460.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 9th. Morgan Stanley downgraded Adobe from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $520.00 to $450.00 in a research report on Wednesday, September 24th. Finally, BMO Capital Markets lowered their price objective on Adobe from $450.00 to $405.00 and set an “outperform” rating on the stock in a research report on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus 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.