Trivium Point Advisory LLC Cuts Position in Adobe Inc. $ADBE

Key Points

• Trivium Point Advisory LLC reduced its holdings in Adobe Inc. by 15.7% during the 2nd quarter, selling 2,259 shares and remaining with 12,090 shares valued at approximately $4.67 million.
• Several institutional investors, including 1248 Management LLC and Barnes Dennig Private Wealth Management LLC, have recently acquired new stakes in Adobe, indicating ongoing interest in the stock among institutional investors.
• Wall Street analysts have mixed opinions on Adobe, with price targets ranging from $310 to $500, reflecting varying outlooks on the stock's performance, while its average target price sits at $433.41.

Trivium Point Advisory LLC lessened its holdings in Adobe Inc. (NASDAQ:ADBE - Free Report) by 15.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,090 shares of the software company's stock after selling 2,259 shares during the period. Trivium Point Advisory LLC's holdings in Adobe were worth $4,677,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. 1248 Management LLC purchased a new position in shares of Adobe in the 1st quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Adobe in the 1st quarter worth about $26,000. Flaharty Asset Management LLC acquired a new stake in Adobe in the 1st quarter worth about $29,000. HHM Wealth Advisors LLC acquired a new stake in Adobe in the 1st quarter worth about $30,000. Finally, Garde Capital Inc. acquired a new stake in Adobe in the 1st quarter worth about $34,000. Hedge funds and other institutional investors own 81.79% of the company's stock.

Wall Street Analyst Weigh In

ADBE has been the topic of several research analyst reports. Royal Bank Of Canada lowered their price objective on Adobe from $480.00 to $430.00 and set an "outperform" rating on the stock in a report on Monday, September 8th. Barclays lifted their price objective on Adobe from $460.00 to $465.00 and gave the stock an "overweight" rating in a report on Friday, September 12th. DA Davidson reiterated a "buy" rating and issued a $500.00 price objective on shares of Adobe in a report on Friday, September 12th. Wells Fargo & Company reiterated an "overweight" rating and issued a $470.00 price objective (up from $430.00) on shares of Adobe in a report on Friday, June 13th. Finally, Melius cut Adobe from a "hold" rating to a "sell" rating and set a $310.00 price objective on the stock. in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, Adobe presently has an average rating of "Hold" and an average target price of $433.41.

Adobe Trading Down 0.3%

Shares of Adobe stock opened at $359.42 on Tuesday. The stock has a market cap of $150.45 billion, a P/E ratio of 22.39, a P/E/G ratio of 1.62 and a beta of 1.48. The stock's 50 day simple moving average is $355.08 and its 200-day simple moving average is $373.36. Adobe Inc. has a 1-year low of $330.04 and a 1-year high of $557.90. 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 (NASDAQ:ADBE - Get Free Report) last issued its earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, topping the consensus estimate of $5.18 by $0.13. The business 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 business's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $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. 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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