Brown Shipley& Co Ltd Has $166,000 Stock Holdings in Adobe Inc. $ADBE

Brown Shipley& Co Ltd lessened its holdings in Adobe Inc. (NASDAQ:ADBE) by 7.1% during the second quarter, HoldingsChannel reports. The firm owned 430 shares of the software company’s stock after selling 33 shares during the quarter. Brown Shipley& Co Ltd’s holdings in Adobe were worth $166,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Cooper Financial Group boosted its holdings in shares of Adobe by 53.8% during the 2nd quarter. Cooper Financial Group now owns 5,619 shares of the software company’s stock valued at $2,174,000 after acquiring an additional 1,965 shares in the last quarter. Broadway Wealth Solutions Inc. boosted its holdings in shares of Adobe by 13.7% during the 2nd quarter. Broadway Wealth Solutions Inc. now owns 753 shares of the software company’s stock valued at $291,000 after acquiring an additional 91 shares in the last quarter. Powers Advisory Group LLC boosted its holdings in shares of Adobe by 13.7% during the 2nd quarter. Powers Advisory Group LLC now owns 740 shares of the software company’s stock valued at $286,000 after acquiring an additional 89 shares in the last quarter. Bourgeon Capital Management LLC boosted its holdings in shares of Adobe by 41.0% during the 2nd quarter. Bourgeon Capital Management LLC now owns 24,680 shares of the software company’s stock valued at $9,548,000 after acquiring an additional 7,176 shares in the last quarter. Finally, Lockerman Financial Group Inc. acquired a new stake in shares of Adobe during the 2nd quarter valued at $200,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Wall Street Analyst Weigh In

ADBE has been the topic of several recent research reports. Robert W. Baird raised their price objective on Adobe from $410.00 to $425.00 and gave the company a “neutral” rating in a report on Monday, June 16th. Redburn Partners set a $280.00 price objective on Adobe in a report on Monday, September 1st. Wall Street Zen raised Adobe from a “hold” rating to a “buy” rating in a report on Friday, September 5th. DA Davidson reaffirmed a “buy” rating and set a $500.00 target price on shares of Adobe in a report on Friday, September 12th. Finally, Redburn Atlantic downgraded Adobe from a “hold” rating to a “strong sell” rating and cut their target price for the stock from $420.00 to $280.00 in a report on Wednesday, July 2nd. One equities research 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 data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $433.41.

Adobe Stock Performance

ADBE stock opened at $352.75 on Wednesday. The stock has a 50-day moving average price of $354.68 and a 200-day moving average price of $373.21. Adobe Inc. has a 1-year low of $330.04 and a 1-year high of $557.90. 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 cap of $147.66 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of 1.61 and a beta of 1.48.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data 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. 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 period last year, the company posted $4.65 EPS. The business’s quarterly revenue was up 10.7% on a year-over-year basis. 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 research analysts expect that Adobe Inc. will post 16.65 earnings per share for the current 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.