Trivium Point Advisory LLC Trims Stock Position in Adobe Inc. $ADBE

Trivium Point Advisory LLC lessened its position in shares of Adobe Inc. (NASDAQ:ADBE) by 15.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,090 shares of the software company’s stock after selling 2,259 shares during the quarter. Trivium Point Advisory LLC’s holdings in Adobe were worth $4,677,000 at the end of the most recent reporting period.

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

Adobe Stock Down 0.3%

Adobe stock opened at $359.42 on Tuesday. Adobe Inc. has a twelve month low of $330.04 and a twelve month high of $557.90. The stock’s fifty day simple moving average is $355.08 and its 200-day simple moving average is $373.36. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. The firm has a market capitalization 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.

Adobe (NASDAQ:ADBE) last issued its 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 firm had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The company’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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. As a group, equities analysts expect that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ADBE shares. Stifel Nicolaus decreased their price target on Adobe from $525.00 to $480.00 and set a “buy” rating on the stock in a research note on Friday, June 13th. Mizuho cut Adobe from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 24th. DA Davidson restated a “buy” rating and set a $500.00 price target on shares of Adobe in a research note on Friday, September 12th. Citigroup decreased their price target on Adobe from $450.00 to $400.00 and set a “neutral” rating on the stock in a research note on Thursday, September 11th. Finally, Barclays upped their price target on Adobe from $460.00 to $465.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $433.41.

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.