Forum Financial Management LP Increases Stock Position in Adobe Inc. $ADBE

Forum Financial Management LP lifted its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 6.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,304 shares of the software company’s stock after acquiring an additional 263 shares during the period. Forum Financial Management LP’s holdings in Adobe were worth $1,665,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ADBE. Brighton Jones LLC grew its position in Adobe by 2.1% in the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock valued at $3,588,000 after buying an additional 167 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Adobe by 22.3% during the 1st quarter. GAMMA Investing LLC now owns 7,798 shares of the software company’s stock worth $2,991,000 after purchasing an additional 1,422 shares in the last quarter. GHP Investment Advisors Inc. boosted its position in shares of Adobe by 8.4% during the 1st quarter. GHP Investment Advisors Inc. now owns 15,332 shares of the software company’s stock worth $5,880,000 after purchasing an additional 1,186 shares in the last quarter. Legacy Advisors LLC boosted its position in shares of Adobe by 2.5% during the 1st quarter. Legacy Advisors LLC now owns 2,004 shares of the software company’s stock worth $769,000 after purchasing an additional 49 shares in the last quarter. Finally, Moran Wealth Management LLC boosted its position in shares of Adobe by 6.5% during the 1st quarter. Moran Wealth Management LLC now owns 1,402 shares of the software company’s stock worth $538,000 after purchasing an additional 86 shares in the last quarter. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Adobe Trading Down 1.0%

Shares of ADBE stock opened at $354.09 on Thursday. Adobe Inc. has a twelve month low of $327.50 and a twelve month high of $557.90. The firm has a 50-day moving average price of $351.63 and a 200 day moving average price of $368.54. 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 $148.22 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 1.60 and a beta of 1.49.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $5.91 billion. During the same quarter in the prior year, the company posted $4.65 EPS. The company’s quarterly 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. Research analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on ADBE shares. Barclays boosted their target price on shares of Adobe from $460.00 to $465.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Evercore ISI decreased their target price on shares of Adobe from $475.00 to $450.00 and set an “outperform” rating on the stock in a research report on Friday, September 12th. UBS Group cut their price target on Adobe from $400.00 to $375.00 and set a “neutral” rating for the company in a research note on Friday, September 12th. Redburn Partners set a $280.00 price target on Adobe in a research note on Monday, September 1st. Finally, Citigroup cut their price target on Adobe from $450.00 to $400.00 and set a “neutral” rating for the company in a research note on Thursday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.