Wilson Asset Management International PTY Ltd. Cuts Stake in Adobe Inc. $ADBE

Key Points

• Wilson Asset Management International PTY Ltd. has reduced its stake in Adobe Inc. by 2.4%, now holding 39,050 shares valued at approximately $15.1 million.
• Several institutional investors, including 1248 Management LLC and Barnes Dennig Private Wealth Management LLC, have recently begun new positions in Adobe, indicating ongoing investor interest despite recent stock adjustments.
• Analysts have set new price targets for Adobe, with Oppenheimer lowering the target from $500 to $460, while others, like Phillip Securities, have upgraded the stock to a "strong buy."

Wilson Asset Management International PTY Ltd. lowered its holdings in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,050 shares of the software company's stock after selling 942 shares during the quarter. Adobe makes up 3.7% of Wilson Asset Management International PTY Ltd.'s portfolio, making the stock its 11th biggest holding. Wilson Asset Management International PTY Ltd.'s holdings in Adobe were worth $15,108,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. 1248 Management LLC purchased a new position in Adobe during the 1st quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Adobe in the 1st quarter valued at approximately $26,000. Flaharty Asset Management LLC bought a new stake in shares of Adobe in the 1st quarter valued at approximately $29,000. HHM Wealth Advisors LLC bought a new stake in shares of Adobe in the 1st quarter valued at approximately $30,000. Finally, Garde Capital Inc. bought a new stake in shares of Adobe in the 1st quarter valued at approximately $34,000. Hedge funds and other institutional investors own 81.79% of the company's stock.

Analysts Set New Price Targets

ADBE has been the subject of several analyst reports. Oppenheimer lowered their price objective on Adobe from $500.00 to $460.00 and set an "outperform" rating for the company in a research note on Tuesday, September 9th. UBS Group decreased their price target on Adobe from $400.00 to $375.00 and set a "neutral" rating for the company in a research note on Friday, September 12th. TD Cowen decreased their price target on Adobe from $470.00 to $420.00 and set a "hold" rating for the company in a research note on Friday, September 12th. JMP Securities reissued a "market perform" rating on shares of Adobe in a research note on Friday, September 12th. Finally, Phillip Securities raised Adobe from a "moderate sell" rating to a "strong-buy" rating in a research note on Monday, June 16th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $433.41.

Adobe Trading Up 0.5%

Shares of NASDAQ ADBE opened at $339.32 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. The business has a fifty day simple moving average of $351.68 and a two-hundred day simple moving average of $370.09. The firm has a market cap of $142.04 billion, a PE ratio of 21.14, a price-to-earnings-growth ratio of 1.51 and a beta of 1.49. Adobe Inc. has a twelve month low of $330.04 and a twelve month high of $557.90.

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, beating analysts' consensus estimates of $5.18 by $0.13. The business had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.91 billion. Adobe had a return on equity of 57.54% and a net margin of 30.01%.Adobe's revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the company 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 expect that Adobe Inc. will post 16.65 earnings per share 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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