Signature Estate & Investment Advisors LLC Buys 160,962 Shares of Adobe Inc. $ADBE

Signature Estate & Investment Advisors LLC boosted its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 11,571.7% in the first quarter, Holdings Channel reports. The institutional investor owned 162,353 shares of the software company’s stock after purchasing an additional 160,962 shares during the period. Adobe accounts for approximately 1.6% of Signature Estate & Investment Advisors LLC’s portfolio, making the stock its 15th biggest position. Signature Estate & Investment Advisors LLC’s holdings in Adobe were worth $62,267,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ADBE. Brighton Jones LLC increased its position in Adobe by 2.1% during 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 in the last quarter. Bank Pictet & Cie Europe AG increased its position in Adobe by 2.7% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 28,969 shares of the software company’s stock valued at $12,882,000 after buying an additional 756 shares in the last quarter. CoreCap Advisors LLC increased its position in Adobe by 16.3% during the 4th quarter. CoreCap Advisors LLC now owns 414 shares of the software company’s stock valued at $184,000 after buying an additional 58 shares in the last quarter. Focus Partners Wealth increased its position in Adobe by 106.2% during the 4th quarter. Focus Partners Wealth now owns 78,731 shares of the software company’s stock valued at $35,831,000 after buying an additional 40,548 shares in the last quarter. Finally, Guardian Wealth Advisors LLC NC increased its holdings in shares of Adobe by 4.8% in the 4th quarter. Guardian Wealth Advisors LLC NC now owns 1,671 shares of the software company’s stock worth $743,000 after purchasing an additional 76 shares in the last quarter. Institutional investors own 81.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on ADBE. DA Davidson reissued a “buy” rating and issued a $500.00 target price on shares of Adobe in a report on Friday, June 20th. Mizuho reduced their target price on Adobe from $575.00 to $530.00 and set an “outperform” rating for the company in a report on Friday, June 13th. Citigroup dropped their price target on Adobe from $465.00 to $450.00 and set a “neutral” rating on the stock in a research note on Monday, June 16th. Oppenheimer dropped their price target on Adobe from $530.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, June 13th. Finally, Bank of America raised their price target on Adobe from $424.00 to $475.00 and gave the stock a “buy” rating in a research note on Friday, June 13th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $452.67.

Adobe Stock Performance

ADBE stock opened at $348.97 on Monday. The company has a market cap of $148.03 billion, a P/E ratio of 22.33, a price-to-earnings-growth ratio of 1.65 and a beta of 1.48. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.99 and a quick ratio of 0.99. The stock’s fifty day moving average price is $360.40 and its 200-day moving average price is $382.10. Adobe Inc. has a 1 year low of $330.04 and a 1 year high of $587.75.

Adobe (NASDAQ:ADBE) last released its earnings results on Thursday, June 12th. The software company reported $5.06 earnings per share for the quarter, beating the consensus estimate of $4.97 by $0.09. The company had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.80 billion. Adobe had a return on equity of 53.68% and a net margin of 30.39%.Adobe’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business earned $4.48 earnings per share. Adobe has set its Q3 2025 guidance at 5.150-5.200 EPS. FY 2025 guidance at 20.500-20.700 EPS. On average, equities analysts forecast 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.