Adobe Inc. $ADBE Shares Sold by Autumn Glory Partners LLC

Autumn Glory Partners LLC lessened its position in Adobe Inc. (NASDAQ:ADBE) by 2.2% during the second quarter, Holdings Channel reports. The fund owned 1,890 shares of the software company’s stock after selling 43 shares during the quarter. Autumn Glory Partners LLC’s holdings in Adobe were worth $731,000 as of its most recent filing with the Securities & Exchange Commission.

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

Adobe Stock Performance

ADBE stock opened at $346.74 on Monday. 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 stock has a market cap of $145.15 billion, a P/E ratio of 21.60, a P/E/G ratio of 1.55 and a beta of 1.49. The firm has a 50 day simple moving average of $353.22 and a 200 day simple moving average of $372.14. Adobe Inc. has a 52 week low of $330.04 and a 52 week high of $557.90.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, topping the consensus estimate of $5.18 by $0.13. The business had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the company 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. Research analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on ADBE shares. Redburn Partners set a $280.00 target price on shares of Adobe in a research note on Monday, September 1st. Melius cut shares of Adobe from a “hold” rating to a “sell” rating and set a $310.00 target price on the stock. in a research note on Monday, August 11th. Royal Bank Of Canada lowered their target price on shares of Adobe from $480.00 to $430.00 and set an “outperform” rating on the stock in a research note on Monday, September 8th. Phillip Securities raised shares of Adobe from a “moderate sell” rating to a “strong-buy” rating in a research note on Monday, June 16th. Finally, Morgan Stanley cut shares of Adobe from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $520.00 to $450.00 in a research note on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Adobe presently has an average rating of “Hold” and a consensus price target of $433.41.

Adobe Company 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.