Naples Global Advisors LLC Has $483,000 Stock Holdings in Adobe Inc. $ADBE

Naples Global Advisors LLC grew its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 14.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,249 shares of the software company’s stock after buying an additional 161 shares during the quarter. Naples Global Advisors LLC’s holdings in Adobe were worth $483,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ADBE. 1248 Management LLC acquired a new stake in Adobe in the first quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Adobe in the 1st quarter worth $26,000. Flaharty Asset Management LLC acquired a new stake in Adobe in the 1st quarter valued at $29,000. HHM Wealth Advisors LLC bought a new stake in Adobe during the 1st quarter valued at $30,000. Finally, Garde Capital Inc. acquired a new position in Adobe during the first quarter worth $34,000. Institutional investors own 81.79% of the company’s stock.

Analysts Set New Price Targets

ADBE has been the subject of a number of analyst reports. Stifel Nicolaus reduced their price objective on shares of Adobe from $525.00 to $480.00 and set a “buy” rating for the company in a report on Friday, June 13th. UBS Group dropped their price target on shares of Adobe from $400.00 to $375.00 and set a “neutral” rating on the stock in a research report on Friday, September 12th. TD Cowen lowered their price objective on Adobe from $470.00 to $420.00 and set a “hold” rating for the company in a research note on Friday, September 12th. Piper Sandler dropped their target price on Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a report on Friday, September 12th. Finally, JMP Securities reiterated a “market perform” rating on shares of Adobe in a report on Friday, September 12th. One research 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 given a Sell rating to the stock. According to data from MarketBeat.com, Adobe has a consensus rating of “Hold” and a consensus target price of $433.41.

Adobe Stock Down 1.3%

ADBE opened at $346.74 on Friday. Adobe Inc. has a twelve month low of $330.04 and a twelve month high of $557.90. The company’s 50-day moving average price is $353.22 and its two-hundred day moving average price is $372.37. The stock has a market cap of $145.15 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 1.58 and a beta of 1.49. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last posted its quarterly 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. 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 analysts’ expectations of $5.91 billion. During the same quarter in the previous year, the firm posted $4.65 EPS. Adobe’s revenue was up 10.7% on a year-over-year basis. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. As a group, equities analysts expect that Adobe Inc. will post 16.65 earnings per share for the current 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.