Plato Investment Management Ltd Purchases 2,442 Shares of Adobe Inc. $ADBE

Plato Investment Management Ltd increased its position in Adobe Inc. (NASDAQ:ADBE) by 18.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,702 shares of the software company’s stock after acquiring an additional 2,442 shares during the quarter. Plato Investment Management Ltd’s holdings in Adobe were worth $6,053,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. 1248 Management LLC bought a new position in shares of Adobe in the first quarter valued at approximately $25,000. Flaharty Asset Management LLC bought a new stake in Adobe during the first quarter valued at approximately $29,000. HHM Wealth Advisors LLC bought a new stake in Adobe during the first quarter valued at approximately $30,000. Nexus Investment Management ULC bought a new stake in Adobe during the second quarter valued at approximately $31,000. Finally, Cornerstone Planning Group LLC lifted its position in Adobe by 128.6% during the first quarter. Cornerstone Planning Group LLC now owns 112 shares of the software company’s stock valued at $39,000 after purchasing an additional 63 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors.

Adobe Trading Up 0.3%

ADBE stock opened at $340.31 on Friday. The company has a market capitalization of $142.45 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 1.51 and a beta of 1.49. Adobe Inc. has a one year low of $327.50 and a one year high of $557.90. The company’s 50 day moving average price is $350.67 and its two-hundred day moving average price is $368.72. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.02.

Adobe (NASDAQ:ADBE) last posted its quarterly 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 net margin of 30.01% and a return on equity of 57.54%. The company had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.91 billion. During the same period in the prior year, the business posted $4.65 EPS. The firm’s 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. As a group, analysts predict that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on ADBE shares. UBS Group dropped their target price on shares of Adobe from $400.00 to $375.00 and set a “neutral” rating for the company in a research report on Friday, September 12th. BMO Capital Markets reiterated an “outperform” rating and set a $405.00 target price on shares of Adobe in a research report on Wednesday. Evercore ISI dropped their target price on shares of Adobe from $475.00 to $450.00 and set an “outperform” rating for the company in a research report on Friday, September 12th. Oppenheimer decreased their price target on shares of Adobe from $500.00 to $460.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 9th. Finally, Redburn Partners set a $280.00 price target on shares of Adobe in a research note on Monday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average 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.