GW Henssler & Associates Ltd. Reduces Stake in Adobe Inc. $ADBE

Key Points

• GW Henssler & Associates Ltd. reduced its holdings in Adobe Inc. by 40.8%, owning 14,063 shares valued at approximately $5.39 million after selling 9,683 shares in the first quarter.
• Adobe reported a quarterly EPS of $5.06, exceeding analysts' estimates while revenue reached $5.87 billion, significantly up from the previous year.
• Analysts have given Adobe a consensus rating of "Moderate Buy", with an average target price of $466.42, following mixed ratings from various investment firms.

GW Henssler & Associates Ltd. cut its position in Adobe Inc. (NASDAQ:ADBE - Free Report) by 40.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,063 shares of the software company's stock after selling 9,683 shares during the quarter. GW Henssler & Associates Ltd.'s holdings in Adobe were worth $5,393,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Siemens Fonds Invest GmbH raised its stake 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 valued at $25,000 after purchasing an additional 39,888 shares during the period. 1248 Management LLC bought a new stake in shares of Adobe during the 1st quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Adobe during the 1st quarter valued at $26,000. SWAN Capital LLC bought a new stake in shares of Adobe during the 4th quarter valued at $28,000. Finally, Copia Wealth Management bought a new stake in shares of Adobe during the 4th quarter valued at $28,000. 81.79% of the stock is currently owned by institutional investors.

Adobe Price Performance

NASDAQ ADBE traded up $4.66 during trading on Friday, reaching $348.97. The company's stock had a trading volume of 4,661,454 shares, compared to its average volume of 3,273,635. The stock has a market capitalization of $148.03 billion, a PE ratio of 22.33, a P/E/G ratio of 1.63 and a beta of 1.48. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a fifty day moving average of $360.40 and a 200 day moving average of $383.12. Adobe Inc. has a one year low of $330.04 and a one year high of $587.75.

Adobe (NASDAQ:ADBE - Get Free Report) last announced its earnings results on Thursday, June 12th. The software company reported $5.06 earnings per share for the quarter, topping analysts' consensus estimates of $4.97 by $0.09. Adobe had a return on equity of 53.68% and a net margin of 30.39%.The business had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.80 billion. During the same period in the prior year, the company earned $4.48 EPS. The company's quarterly revenue was up 10.6% compared to the same quarter last year. Adobe has set its Q3 2025 guidance at 5.150-5.200 EPS. FY 2025 guidance at 20.500-20.700 EPS. Analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ADBE. UBS Group decreased their price objective on Adobe from $430.00 to $400.00 and set a "neutral" rating on the stock in a research note on Friday, August 29th. DA Davidson reiterated a "buy" rating and set a $500.00 price objective on shares of Adobe in a research note on Friday, June 20th. Melius lowered Adobe from a "hold" rating to a "sell" rating and set a $310.00 price objective on the stock. in a research note on Monday, August 11th. Bank of America boosted their price objective on Adobe from $424.00 to $475.00 and gave the company a "buy" rating in a research note on Friday, June 13th. Finally, Rothschild & Co Redburn lowered Adobe from a "neutral" rating to a "sell" rating and set a $280.00 price objective on the stock. in a research note on Wednesday, July 2nd. Two equities research 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 given a Sell rating to the stock. According to MarketBeat, Adobe has an average rating of "Moderate Buy" and a consensus price target of $452.67.

Adobe Company 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.