739 Shares in Adobe Inc. $ADBE Purchased by Northwest Wealth Management LLC

Key Points

• Northwest Wealth Management LLC purchased 739 shares of Adobe Inc. valued at approximately $286,000 in the second quarter.
• Multiple hedge funds, including Schmidt P J Investment Management Inc. and GS Investments Inc., increased their stakes in Adobe during the first quarter, with institutional investors now owning 81.79% of the stock.
• Analysts have mixed views on Adobe, with a consensus rating of "Hold" and an average target price of $433.41, down from previous highs.

Northwest Wealth Management LLC bought a new position in Adobe Inc. (NASDAQ:ADBE - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 739 shares of the software company's stock, valued at approximately $286,000.

Several other hedge funds also recently made changes to their positions in the company. Schmidt P J Investment Management Inc. increased its stake in Adobe by 2.9% during the first quarter. Schmidt P J Investment Management Inc. now owns 896 shares of the software company's stock valued at $344,000 after purchasing an additional 25 shares during the last quarter. GS Investments Inc. boosted its holdings in shares of Adobe by 0.3% in the 1st quarter. GS Investments Inc. now owns 7,563 shares of the software company's stock valued at $2,901,000 after buying an additional 26 shares during the period. Ted Buchan & Co boosted its stake in Adobe by 1.9% in the first quarter. Ted Buchan & Co now owns 1,368 shares of the software company's stock valued at $525,000 after acquiring an additional 26 shares during the period. Lifeworks Advisors LLC boosted its stake in Adobe by 3.6% in the first quarter. Lifeworks Advisors LLC now owns 786 shares of the software company's stock valued at $301,000 after acquiring an additional 27 shares during the period. Finally, VanderPol Investments L.L.C. boosted its stake in Adobe by 5.2% in the first quarter. VanderPol Investments L.L.C. now owns 546 shares of the software company's stock valued at $209,000 after acquiring an additional 27 shares during the period. Institutional investors and hedge funds own 81.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ADBE. Royal Bank Of Canada reduced their price objective on Adobe from $480.00 to $430.00 and set an "outperform" rating for the company in a research report on Monday, September 8th. Melius downgraded shares of Adobe from a "hold" rating to a "sell" rating and set a $310.00 price target for the company. in a report on Monday, August 11th. Mizuho downgraded shares of Adobe from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 24th. Oppenheimer reduced their target price on shares of Adobe from $500.00 to $460.00 and set an "outperform" rating for the company in a research note on Tuesday, September 9th. Finally, Robert W. Baird boosted their target price on shares of Adobe from $410.00 to $425.00 and gave the company a "neutral" rating in a research note on Monday, June 16th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $433.41.

Adobe Stock Performance

ADBE opened at $359.42 on Tuesday. 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 company has a market capitalization of $150.45 billion, a price-to-earnings ratio of 22.39, a price-to-earnings-growth ratio of 1.62 and a beta of 1.48. The business has a 50 day moving average price of $355.08 and a two-hundred day moving average price of $373.36. Adobe Inc. has a 1-year low of $330.04 and a 1-year high of $557.90.

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 the consensus estimate of $5.18 by $0.13. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The business had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.91 billion. During the same quarter in the prior year, the firm posted $4.65 earnings per share. 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. Research analysts predict that Adobe Inc. will post 16.65 EPS for the current fiscal year.

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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