Focus Partners Wealth Lowers Stake in Adobe Inc. $ADBE

Focus Partners Wealth lowered its stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 42.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 44,978 shares of the software company's stock after selling 33,753 shares during the period. Focus Partners Wealth's holdings in Adobe were worth $17,252,000 at the end of the most recent reporting period.

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A number of other hedge funds have also recently made changes to their positions in ADBE. Siemens Fonds Invest GmbH boosted its position in shares of Adobe by 252.9% during the 4th quarter. Siemens Fonds Invest GmbH now owns 55,658 shares of the software company's stock worth $25,000 after purchasing an additional 39,888 shares during the period. 1248 Management LLC purchased a new position in Adobe in the 1st quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Adobe in the 1st quarter valued at approximately $26,000. SWAN Capital LLC purchased a new position in Adobe in the 4th quarter valued at approximately $28,000. Finally, Copia Wealth Management purchased a new position in Adobe in the 4th quarter valued at approximately $28,000. Hedge funds and other institutional investors own 81.79% of the company's stock.

Adobe Price Performance

Shares of ADBE opened at $349.36 on Friday. Adobe Inc. has a twelve month low of $330.04 and a twelve month high of $557.90. The firm's fifty day simple moving average is $357.32 and its 200-day simple moving average is $379.80. The firm has a market capitalization of $148.20 billion, a price-to-earnings ratio of 21.77, a PEG ratio of 1.66 and a beta of 1.48. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54.

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Adobe (NASDAQ:ADBE - Get Free Report) last announced its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share 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 56.30%. The business had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.91 billion. During the same period last year, the business earned $4.65 EPS. The company's revenue was up 10.7% on a year-over-year basis. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. Equities analysts forecast that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Redburn Partners set a $280.00 price target on shares of Adobe in a research report on Monday, September 1st. Rothschild & Co Redburn cut shares of Adobe from a "neutral" rating to a "sell" rating and set a $280.00 price target for the company. in a research report on Wednesday, July 2nd. Evercore ISI decreased their price target on shares of Adobe from $475.00 to $450.00 and set an "outperform" rating for the company in a research report on Friday. Redburn Atlantic cut shares of Adobe from a "hold" rating to a "strong sell" rating and decreased their price target for the company from $420.00 to $280.00 in a research report on Wednesday, July 2nd. Finally, Phillip Securities upgraded shares of Adobe from a "moderate sell" rating to a "strong-buy" rating in a report on Monday, June 16th. Two investment analysts have 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 stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $435.63.

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View Our Latest Research Report on ADBE

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.

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