Mesirow Financial Investment Management Inc. Increases Stake in Adobe Inc. $ADBE

Mesirow Financial Investment Management Inc. raised its holdings in Adobe Inc. (NASDAQ:ADBE) by 5.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,189 shares of the software company’s stock after buying an additional 1,605 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Adobe were worth $12,066,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. UNIVEST FINANCIAL Corp boosted its position in shares of Adobe by 21.0% during the second quarter. UNIVEST FINANCIAL Corp now owns 24,327 shares of the software company’s stock valued at $9,412,000 after purchasing an additional 4,225 shares in the last quarter. Simon Quick Advisors LLC boosted its position in shares of Adobe by 4.1% during the second quarter. Simon Quick Advisors LLC now owns 19,749 shares of the software company’s stock valued at $7,640,000 after purchasing an additional 783 shares in the last quarter. Coign Capital Advisors LLC boosted its position in shares of Adobe by 2.1% during the second quarter. Coign Capital Advisors LLC now owns 1,531 shares of the software company’s stock valued at $592,000 after purchasing an additional 32 shares in the last quarter. AdvisorShares Investments LLC boosted its position in shares of Adobe by 2.5% during the second quarter. AdvisorShares Investments LLC now owns 16,150 shares of the software company’s stock valued at $6,248,000 after purchasing an additional 395 shares in the last quarter. Finally, Strs Ohio boosted its position in shares of Adobe by 6.6% during the second quarter. Strs Ohio now owns 103,859 shares of the software company’s stock valued at $40,181,000 after purchasing an additional 6,466 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on ADBE. Barclays set a $465.00 price target on Adobe and gave the company an “overweight” rating in a research report on Wednesday. Mizuho downgraded Adobe from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 24th. Redburn Partners set a $280.00 target price on Adobe in a report on Monday, September 1st. TD Cowen dropped their target price on Adobe from $470.00 to $420.00 and set a “hold” rating on the stock in a report on Friday, September 12th. Finally, Morgan Stanley cut shares of Adobe from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $520.00 to $450.00 in a report on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $433.41.

Adobe Trading Up 0.4%

Shares of NASDAQ:ADBE opened at $339.24 on Friday. The company has a market cap of $142.01 billion, a P/E ratio of 21.14, a PEG ratio of 1.51 and a beta of 1.49. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02. Adobe Inc. has a 1 year low of $327.50 and a 1 year high of $557.90. The stock’s fifty day moving average price is $351.10 and its 200-day moving average price is $368.67.

Adobe (NASDAQ:ADBE) last announced its quarterly 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 firm 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 company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the company posted $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. Sell-side analysts expect that Adobe Inc. will post 16.65 earnings per share for the current 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.