Lockerman Financial Group Inc. Makes New Investment in Adobe Inc. $ADBE

Lockerman Financial Group Inc. bought a new position in shares of Adobe Inc. (NASDAQ:ADBE) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 517 shares of the software company’s stock, valued at approximately $200,000.

Other large investors have also recently added to or reduced their stakes in the company. 1248 Management LLC bought a new position in Adobe during the 1st quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Adobe during the 1st quarter valued at $26,000. Flaharty Asset Management LLC acquired a new stake in Adobe during the 1st quarter valued at $29,000. HHM Wealth Advisors LLC acquired a new stake in Adobe during the first quarter worth approximately $30,000. Finally, Garde Capital Inc. acquired a new stake in Adobe during the first quarter worth approximately $34,000. Institutional investors own 81.79% of the company’s stock.

Adobe Stock Down 0.3%

Shares of ADBE opened at $359.42 on Tuesday. Adobe Inc. has a one year low of $330.04 and a one year high of $557.90. The company has a market cap of $150.45 billion, a P/E ratio of 22.39, a P/E/G ratio of 1.62 and a beta of 1.48. 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 has a 50 day simple moving average of $355.08 and a two-hundred day simple moving average of $373.36.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, beating the consensus estimate of $5.18 by $0.13. The business had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The company’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the business earned $4.65 earnings per share. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. Research analysts forecast that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on ADBE. Stifel Nicolaus cut their price objective on shares of Adobe from $525.00 to $480.00 and set a “buy” rating for the company in a research report on Friday, June 13th. Morgan Stanley downgraded shares of Adobe from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $520.00 to $450.00 in a research report on Wednesday, September 24th. BMO Capital Markets cut their price objective on shares of Adobe from $450.00 to $405.00 and set an “outperform” rating for the company in a research report on Friday, September 12th. Robert W. Baird lifted their price target on shares of Adobe from $410.00 to $425.00 and gave the company a “neutral” rating in a research report on Monday, June 16th. Finally, Mizuho downgraded shares of Adobe from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $433.41.

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.