Triumph Capital Management Invests $244,000 in Adobe Inc. $ADBE

Triumph Capital Management acquired a new position in Adobe Inc. (NASDAQ:ADBE) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 631 shares of the software company’s stock, valued at approximately $244,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Siemens Fonds Invest GmbH raised its stake in shares of Adobe by 252.9% in the 4th quarter. Siemens Fonds Invest GmbH now owns 55,658 shares of the software company’s stock worth $25,000 after buying an additional 39,888 shares in the last quarter. 1248 Management LLC acquired a new position in shares of Adobe in the 1st quarter worth $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Adobe in the 1st quarter worth $26,000. SWAN Capital LLC acquired a new position in shares of Adobe in the 4th quarter worth $28,000. Finally, Copia Wealth Management acquired a new position in shares of Adobe in the 4th quarter worth $28,000. Institutional investors own 81.79% of the company’s stock.

Analyst Ratings Changes

ADBE has been the topic of a number of recent research reports. Evercore ISI decreased their target price on Adobe from $475.00 to $450.00 and set an “outperform” rating on the stock in a report on Friday, September 12th. Citigroup decreased their target price on Adobe from $450.00 to $400.00 and set a “neutral” rating on the stock in a report on Thursday, September 11th. Wall Street Zen upgraded Adobe from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Phillip Securities upgraded Adobe from a “moderate sell” rating to a “strong-buy” rating in a report on Monday, June 16th. Finally, Oppenheimer lowered their price target on Adobe from $500.00 to $460.00 and set an “outperform” rating on the stock in a report on Tuesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $435.63.

Adobe Trading Up 1.6%

ADBE stock opened at $352.73 on Wednesday. Adobe Inc. has a 1-year low of $330.04 and a 1-year high of $557.90. The firm has a market cap of $149.63 billion, a P/E ratio of 21.98, a P/E/G ratio of 1.57 and a beta of 1.48. The business’s 50 day moving average is $356.13 and its 200-day moving average is $378.15. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.53.

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