Adobe Inc. $ADBE Shares Purchased by Dillon & Associates Inc.

Dillon & Associates Inc. boosted its position in Adobe Inc. (NASDAQ:ADBE) by 13.0% during the 2nd quarter, Holdings Channel reports. The fund owned 4,734 shares of the software company’s stock after acquiring an additional 545 shares during the quarter. Dillon & Associates Inc.’s holdings in Adobe were worth $1,832,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ADBE. 1248 Management LLC acquired a new stake in Adobe during the first quarter worth approximately $25,000. Flaharty Asset Management LLC acquired a new stake in Adobe during the first quarter worth approximately $29,000. HHM Wealth Advisors LLC acquired a new stake in Adobe during the first quarter worth approximately $30,000. Nexus Investment Management ULC acquired a new stake in Adobe during the second quarter worth approximately $31,000. Finally, Cornerstone Planning Group LLC raised its holdings in Adobe by 128.6% during the first quarter. Cornerstone Planning Group LLC now owns 112 shares of the software company’s stock worth $39,000 after purchasing an additional 63 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Stock Performance

NASDAQ:ADBE opened at $337.47 on Tuesday. Adobe Inc. has a 1-year low of $327.50 and a 1-year high of $557.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02. The firm’s fifty day moving average price is $350.15 and its 200 day moving average price is $368.81. The firm has a market cap of $141.26 billion, a price-to-earnings ratio of 21.03, a price-to-earnings-growth ratio of 1.51 and a beta of 1.49.

Adobe (NASDAQ:ADBE) last released its earnings results 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 return on equity of 57.54% and a net margin of 30.01%.The company had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same quarter last year, the company earned $4.65 earnings per share. Adobe’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. On average, sell-side analysts expect that Adobe Inc. will post 16.65 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ADBE shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Adobe in a report on Wednesday, October 8th. DA Davidson restated a “buy” rating and set a $500.00 target price on shares of Adobe in a research report on Friday, September 12th. Redburn Partners set a $280.00 target price on shares of Adobe in a research report on Monday, September 1st. Mizuho lowered shares of Adobe from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 24th. Finally, JMP Securities restated a “market perform” rating on shares of Adobe in a research report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $433.41.

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.