Aptus Capital Advisors LLC Cuts Stake in Adobe Inc. $ADBE

Key Points

• Aptus Capital Advisors LLC reduced its stake in Adobe Inc. by 81.3%, selling 20,086 shares during the first quarter, leaving it with 4,631 shares valued at approximately $1.78 million.
• Institutional investors hold 81.79% of Adobe's stock, with several firms, including GAMMA Investing LLC and Goldman Sachs Group Inc., significantly increasing their positions in the company.
• Analysts have adjusted Adobe's price targets, with an average consensus target of $467.58, reflecting a range of ratings from "Strong Buy" to "Sell."

Aptus Capital Advisors LLC lowered its stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 81.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,631 shares of the software company's stock after selling 20,086 shares during the quarter. Aptus Capital Advisors LLC's holdings in Adobe were worth $1,776,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Siemens Fonds Invest GmbH increased its stake in 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 in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Adobe during the first quarter valued at $26,000. SWAN Capital LLC acquired a new position in shares of Adobe in the 4th quarter valued at $28,000. Copia Wealth Management acquired a new position in shares of Adobe in the 4th quarter valued at $28,000. Finally, HHM Wealth Advisors LLC purchased a new position in Adobe in the 1st quarter worth $30,000. 81.79% of the stock is owned by hedge funds and other institutional investors.

Adobe Price Performance

Shares of Adobe stock traded up $8.66 during trading hours on Friday, reaching $362.09. The stock had a trading volume of 3,055,589 shares, compared to its average volume of 3,743,152. The stock's 50 day moving average is $366.57 and its 200 day moving average is $389.97. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. Adobe Inc. has a twelve month low of $330.04 and a twelve month high of $587.75. The firm has a market capitalization of $153.60 billion, a PE ratio of 23.17, a PEG ratio of 1.68 and a beta of 1.51.

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

Wall Street Analyst Weigh In

Several analysts have weighed in on ADBE shares. Redburn Atlantic downgraded Adobe from a "hold" rating to a "strong sell" rating and dropped their price target for the company from $420.00 to $280.00 in a research note on Wednesday, July 2nd. Wells Fargo & Company reaffirmed an "overweight" rating and set a $470.00 target price (up previously from $430.00) on shares of Adobe in a report on Friday, June 13th. Evercore ISI reiterated an "outperform" rating and issued a $475.00 target price on shares of Adobe in a research report on Friday, June 13th. Oppenheimer cut their price target on shares of Adobe from $530.00 to $500.00 and set an "outperform" rating on the stock in a report on Friday, June 13th. Finally, Citigroup decreased their price objective on shares of Adobe from $465.00 to $450.00 and set a "neutral" rating for the company in a research note on Monday, June 16th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $467.58.

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.