<div id="readability-page-1"><p>Mirabaud &amp; Cie SA grew its holdings in  Adobe Inc. (NASDAQ:ADBE - Free Report) by 33.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities &amp; Exchange Commission. The institutional investor  owned 9,498 shares of the software company's stock after acquiring an additional 2,357 shares during the period. Adobe comprises approximately  1.2% of Mirabaud &amp; Cie SA's portfolio, making the stock its 19th largest position. Mirabaud &amp; Cie SA's holdings in Adobe were worth $3,643,000 as of its most recent SEC filing.</p><ul><li>Best Prime Day Ever? Here Are the Prime Winners Riding the Wave</li></ul><p>Several other institutional investors have also modified their holdings of ADBE. Garde Capital Inc. acquired a new position in shares of  Adobe during the first quarter worth about $34,000.  PFG Advisors grew its holdings in  Adobe by 20.8% during the 1st quarter. PFG Advisors now owns 4,964 shares of the software company's stock worth $1,904,000 after acquiring an additional 855 shares in the last quarter.  Krane Funds Advisors LLC grew its holdings in  Adobe by 110.4% during the 1st quarter. Krane Funds Advisors LLC now owns 1,391 shares of the software company's stock worth $533,000 after acquiring an additional 730 shares in the last quarter.  Burling Wealth Partners LLC purchased a new stake in shares of  Adobe in the 4th quarter valued at approximately $1,173,000.  Finally, Financial Counselors Inc. raised its holdings in shares of  Adobe by 9.2% in the 1st quarter. Financial Counselors Inc. now owns 62,851 shares of the software company's stock valued at $24,105,000 after purchasing an additional 5,298 shares in the last quarter. Institutional investors and hedge funds own  81.79% of the company's stock. </p><h2>Analysts Set New Price Targets</h2><p>A number of brokerages recently commented on ADBE. BMO Capital Markets  reiterated an &#34;outperform&#34; rating and set a $450.00 target price on shares of Adobe in a research note on Friday, June 13th. Wall Street Zen upgraded Adobe from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a report on Saturday, July 26th. DA Davidson  reissued a &#34;buy&#34; rating and set a $500.00 target price on shares of Adobe in a research report on Friday, June 20th. JMP Securities  reaffirmed a &#34;market perform&#34; rating on shares of Adobe in a report on Monday, June 23rd. Finally, Rothschild &amp; Co Redburn cut shares of Adobe from a &#34;neutral&#34; rating to a &#34;sell&#34; rating and set a $280.00 price objective on the stock. in a report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned  a hold rating, sixteen have issued  a buy rating and two have assigned  a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $473.88.</p><ul><li>Smart Investors Are Watching These 3 Undervalued Stocks</li></ul><p><b>Check Out Our Latest Stock Report on Adobe</b></p><h2>Adobe Stock Down 2.8%</h2><p>Shares of Adobe stock opened at $347.80 on Friday. Adobe Inc. has a one year low of $332.01 and a one year high of $587.75. The company has a market cap of $147.54 billion, a P/E ratio of 22.25, a PEG ratio of 1.70 and a beta of 1.52. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a fifty day moving average of $385.72 and a two-hundred day moving average of $399.07. </p><ul><li>Snag These 3 Bargain Tech Stocks Before They Pop</li></ul><p>Adobe (NASDAQ:ADBE - Get Free Report) last issued its quarterly earnings results on Thursday, June 12th. The software company reported $5.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.97 by $0.09. The business had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.80 billion. Adobe had a net margin of 30.39% and a return on equity of 53.68%. The business's revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business posted $4.48 earnings per share.  On average, analysts forecast that  Adobe Inc. will post 16.65 earnings per share for the current year. </p><h2>Adobe Company Profile</h2> (Free Report)<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Adobe</li><li>Stock Market Sectors: What Are They and How Many Are There? </li><li>MarketBeat Week in Review – 07/28 - 08/01</li><li>Are Penny Stocks a Good Fit for Your Portfolio?</li><li>Will Hims &amp; Hers Fall Along With Novo Nordisk?</li><li>What is the Euro STOXX 50 Index?</li><li>Play It Cool: Why Comfort Systems USA Is a Hidden AI Winner</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QURCRQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QURCRQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Adobe Right Now?</h2><p>Before you consider Adobe, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Adobe wasn't on the list.</p><p>While Adobe currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

ADBE

<p>Mirabaud & Cie SA increased its stake in Adobe Inc. (NASDAQ:ADBE) by 33.0% in Q1, owning 9,498 shares valued at $3.64 million. Other institutional investors also adjusted their holdings, with 81.79% of Adobe's stock owned by such entities. Analysts have mixed ratings on Adobe, with a consensus rating of "Moderate Buy" and an average price target of $473.88. Adobe's stock opened at $347.80, down 2.8%, with a market cap of $147.54 billion. The company reported Q2 earnings of $5.06 EPS, exceeding estimates, and revenue of $5.87 billion, up 10.6% year-over-year.</p>

- Mirabaud & Cie SA increased its holdings in Adobe Inc. by 33.0% in Q1, owning 9,498 shares valued at $3,643,000.  
- Several institutional investors also adjusted their positions in Adobe, with notable increases from Garde Capital Inc. and PFG Advisors.  
- Adobe's stock has a consensus rating of "Moderate Buy" with an average price target of $473.88, despite recent fluctuations in its share price.  

Adobe Inc. (NASDAQ:ADBE) Shares Bought by Mirabaud & Cie SA