Sowell Financial Services LLC reduced its stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 25.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,352 shares of the software company's stock after selling 1,145 shares during the quarter. Sowell Financial Services LLC's holdings in Adobe were worth $1,297,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Copia Wealth Management bought a new stake in Adobe during the fourth quarter worth approximately $28,000. SWAN Capital LLC purchased a new position in shares of Adobe during the fourth quarter valued at approximately $28,000. 1248 Management LLC purchased a new position in shares of Adobe during the first quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Adobe during the first quarter valued at approximately $26,000. Finally, Flaharty Asset Management LLC purchased a new position in shares of Adobe during the first quarter valued at approximately $29,000. 81.79% of the stock is owned by institutional investors.
Adobe Stock Performance
Shares of ADBE opened at $364.08 on Tuesday. Adobe Inc. has a 12 month low of $330.04 and a 12 month high of $557.90. The stock has a fifty day moving average price of $355.82 and a 200-day moving average price of $375.39. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.53. The firm has a market cap of $154.44 billion, a PE ratio of 22.68, a P/E/G ratio of 1.64 and a beta of 1.48.
Adobe (NASDAQ:ADBE - Get Free Report) last issued its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 EPS 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 firm 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 business posted $4.65 EPS. The business's revenue for the quarter was up 10.7% compared to the same quarter last year. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. Equities research analysts predict that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several research analysts have issued reports on the company. Bank of America boosted their target price on Adobe from $424.00 to $475.00 and gave the company a "buy" rating in a research report on Friday, June 13th. Stifel Nicolaus dropped their target price on Adobe from $525.00 to $480.00 and set a "buy" rating for the company in a research report on Friday, June 13th. Rothschild & Co Redburn lowered Adobe from a "neutral" rating to a "sell" rating and set a $280.00 target price for the company. in a research report on Wednesday, July 2nd. Phillip Securities upgraded Adobe from a "moderate sell" rating to a "strong-buy" rating in a research report on Monday, June 16th. Finally, BMO Capital Markets lowered their price target on Adobe from $450.00 to $405.00 and set an "outperform" rating for the company in a report on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Adobe presently has a consensus rating of "Moderate Buy" and an average target price of $435.63.
Read Our Latest Research Report on ADBE
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.
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