Hamilton Point Investment Advisors LLC cut its holdings in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 7.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,486 shares of the software company's stock after selling 1,522 shares during the quarter. Adobe comprises 1.2% of Hamilton Point Investment Advisors LLC's portfolio, making the stock its 27th biggest holding. Hamilton Point Investment Advisors LLC's holdings in Adobe were worth $7,152,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. 1248 Management LLC bought a new position in shares of Adobe in the 1st quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Adobe in the 1st quarter valued at about $26,000. Flaharty Asset Management LLC acquired a new stake in Adobe during the first quarter worth approximately $29,000. HHM Wealth Advisors LLC acquired a new stake in Adobe in the 1st quarter valued at $30,000. Finally, Garde Capital Inc. acquired a new stake in shares of Adobe in the 1st quarter worth about $34,000. 81.79% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on the company. Barclays boosted their target price on Adobe from $460.00 to $465.00 and gave the stock an "overweight" rating in a research note on Friday, September 12th. Redburn Atlantic downgraded shares of Adobe from a "hold" rating to a "strong sell" rating and dropped their price objective for the company from $420.00 to $280.00 in a report on Wednesday, July 2nd. Mizuho cut Adobe from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 24th. Redburn Partners set a $280.00 price target on shares of Adobe in a research report on Monday, September 1st. Finally, Oppenheimer lowered their price objective on shares of Adobe from $500.00 to $460.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Adobe presently has a consensus rating of "Hold" and a consensus price target of $433.41.
Check Out Our Latest Analysis on Adobe
Adobe Price Performance
Shares of NASDAQ:ADBE opened at $339.32 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. Adobe Inc. has a 1-year low of $330.04 and a 1-year high of $557.90. The firm's 50 day simple moving average is $351.68 and its two-hundred day simple moving average is $370.09. The company has a market capitalization of $142.04 billion, a P/E ratio of 21.14, a P/E/G ratio of 1.51 and a beta of 1.49.
Adobe (NASDAQ:ADBE - Get Free Report) last posted its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, topping analysts' consensus estimates of $5.18 by $0.13. The company had revenue of $5.99 billion for the quarter, compared to analysts' expectations of $5.91 billion. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The firm's revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.65 EPS. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. Research analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.
Adobe Profile
(
Free Report)
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.
See Also
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