First Financial Bankshares Inc Has $17.48 Million Stock Holdings in Adobe Inc. $ADBE

First Financial Bankshares Inc grew its position in Adobe Inc. (NASDAQ:ADBE) by 15.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,578 shares of the software company’s stock after purchasing an additional 6,188 shares during the period. First Financial Bankshares Inc’s holdings in Adobe were worth $17,481,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. RB Capital Management LLC boosted its stake in shares of Adobe by 0.4% in the 4th quarter. RB Capital Management LLC now owns 4,944 shares of the software company’s stock valued at $2,198,000 after purchasing an additional 22 shares in the last quarter. Orin Green Financial LLC lifted its position in Adobe by 3.8% during the 4th quarter. Orin Green Financial LLC now owns 621 shares of the software company’s stock worth $276,000 after buying an additional 23 shares in the last quarter. Diligent Investors LLC lifted its position in Adobe by 1.2% during the 4th quarter. Diligent Investors LLC now owns 2,160 shares of the software company’s stock worth $961,000 after buying an additional 26 shares in the last quarter. Second Line Capital LLC lifted its position in Adobe by 3.5% during the 4th quarter. Second Line Capital LLC now owns 768 shares of the software company’s stock worth $342,000 after buying an additional 26 shares in the last quarter. Finally, Vista Investment Management lifted its position in Adobe by 3.1% during the 4th quarter. Vista Investment Management now owns 875 shares of the software company’s stock worth $389,000 after buying an additional 26 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Stock Performance

Shares of ADBE stock opened at $356.70 on Monday. 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 has a market cap of $151.31 billion, a PE ratio of 22.82, a price-to-earnings-growth ratio of 1.69 and a beta of 1.48. The stock has a 50-day moving average of $363.93 and a 200-day moving average of $385.96. Adobe Inc. has a one year low of $330.04 and a one year high of $587.75.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, June 12th. The software company reported $5.06 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $0.09. The company had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.80 billion. Adobe had a return on equity of 53.68% and a net margin of 30.39%.Adobe’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business posted $4.48 EPS. Adobe has set its Q3 2025 guidance at 5.150-5.200 EPS. FY 2025 guidance at 20.500-20.700 EPS. As a group, sell-side analysts expect that Adobe Inc. will post 16.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. JMP Securities reiterated a “market perform” rating on shares of Adobe in a research report on Monday, June 23rd. Stifel Nicolaus reduced their price target on shares of Adobe from $525.00 to $480.00 and set a “buy” rating on the stock in a research report on Friday, June 13th. Citigroup reduced their price target on shares of Adobe from $465.00 to $450.00 and set a “neutral” rating on the stock in a research report on Monday, June 16th. Oppenheimer reduced their price target on shares of Adobe from $530.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, June 13th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $480.00 price target on shares of Adobe in a research report on Thursday, June 5th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $466.42.

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.