Teza Capital Management LLC Makes New $245,000 Investment in Adobe Inc. $ADBE

Teza Capital Management LLC purchased a new position in shares of Adobe Inc. (NASDAQ:ADBE) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 640 shares of the software company’s stock, valued at approximately $245,000.

Other institutional investors and hedge funds have also modified their holdings of the company. UniSuper Management Pty Ltd lifted its stake in Adobe by 4.4% in the first quarter. UniSuper Management Pty Ltd now owns 99,319 shares of the software company’s stock valued at $38,092,000 after buying an additional 4,153 shares in the last quarter. Scientech Research LLC bought a new stake in shares of Adobe during the first quarter worth $1,050,000. Select Equity Group L.P. raised its holdings in shares of Adobe by 118.8% during the first quarter. Select Equity Group L.P. now owns 514,343 shares of the software company’s stock worth $197,266,000 after acquiring an additional 279,275 shares during the period. Redwood Financial Network Corp lifted its position in Adobe by 46.2% in the 1st quarter. Redwood Financial Network Corp now owns 801 shares of the software company’s stock valued at $307,000 after acquiring an additional 253 shares in the last quarter. Finally, Rise Advisors LLC lifted its position in Adobe by 7.0% in the 1st quarter. Rise Advisors LLC now owns 410 shares of the software company’s stock valued at $157,000 after acquiring an additional 27 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Adobe Trading Up 2.8%

NASDAQ ADBE opened at $358.66 on Tuesday. Adobe Inc. has a 12 month low of $330.04 and a 12 month high of $587.75. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The stock has a 50 day moving average of $359.83 and a 200-day moving average of $381.50. The company has a market cap of $152.14 billion, a PE ratio of 22.95, a PEG ratio of 1.65 and a beta of 1.48.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings results on Thursday, June 12th. The software company reported $5.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.09. The firm had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.80 billion. Adobe had a net margin of 30.39% and a return on equity of 53.68%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $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 research analysts anticipate that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ADBE has been the topic of several recent research reports. Redburn Partners set a $280.00 price target on Adobe in a research note on Monday, September 1st. Mizuho decreased their price objective on Adobe from $530.00 to $460.00 and set an “outperform” rating for the company in a report on Monday. DA Davidson restated a “buy” rating and issued a $500.00 target price on shares of Adobe in a research note on Friday, June 20th. Stifel Nicolaus decreased their price target on shares of Adobe from $525.00 to $480.00 and set a “buy” rating for the company in a research note on Friday, June 13th. Finally, Robert W. Baird lifted their price objective on shares of Adobe from $410.00 to $425.00 and gave the company a “neutral” rating in a report on Monday, June 16th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $448.22.

About Adobe

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.