Moss Adams Wealth Advisors LLC Purchases 350 Shares of Adobe Inc. $ADBE

Moss Adams Wealth Advisors LLC increased its position in Adobe Inc. (NASDAQ:ADBE) by 15.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,599 shares of the software company’s stock after acquiring an additional 350 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in Adobe were worth $1,006,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Garde Capital Inc. acquired a new position in shares of Adobe during the first quarter valued at about $34,000. PFG Advisors increased its stake in Adobe by 20.8% during the first quarter. PFG Advisors now owns 4,964 shares of the software company’s stock valued at $1,904,000 after acquiring an additional 855 shares during the period. Krane Funds Advisors LLC raised its holdings in Adobe by 110.4% in the 1st quarter. Krane Funds Advisors LLC now owns 1,391 shares of the software company’s stock valued at $533,000 after acquiring an additional 730 shares in the last quarter. Financial Counselors Inc. raised its holdings in Adobe by 9.2% in the 1st quarter. Financial Counselors Inc. now owns 62,851 shares of the software company’s stock valued at $24,105,000 after acquiring an additional 5,298 shares in the last quarter. Finally, Koss Olinger Consulting LLC bought a new stake in shares of Adobe in the 1st quarter worth approximately $305,000. Institutional investors own 81.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ADBE shares. Bank of America boosted their price objective on Adobe from $424.00 to $475.00 and gave the company a “buy” rating in a research report on Friday, June 13th. Piper Sandler decreased their price target on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a research note on Friday, September 12th. DA Davidson reissued a “buy” rating and issued a $500.00 price target on shares of Adobe in a report on Friday, September 12th. Oppenheimer reduced their price objective on shares of Adobe from $500.00 to $460.00 and set an “outperform” rating for the company in a report on Tuesday, September 9th. Finally, JMP Securities reissued a “market perform” rating on shares of Adobe in a research note on Friday, September 12th. 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 stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $433.41.

Adobe Stock Up 1.8%

ADBE opened at $360.37 on Monday. The firm has a market cap of $150.85 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 1.62 and a beta of 1.48. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.02. The firm’s 50-day simple moving average is $355.25 and its 200-day simple moving average is $373.60. Adobe Inc. has a twelve month low of $330.04 and a twelve month high of $557.90.

Adobe (NASDAQ:ADBE) last released its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, beating analysts’ consensus estimates of $5.18 by $0.13. The firm had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The company’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 business earned $4.65 earnings per share. 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 anticipate that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Adobe 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.