Muirfield Wealth Advisors LLC Has $313,000 Stake in Adobe Inc. $ADBE

Muirfield Wealth Advisors LLC trimmed its position in shares of Adobe Inc. (NASDAQ:ADBE) by 8.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 810 shares of the software company’s stock after selling 71 shares during the quarter. Muirfield Wealth Advisors LLC’s holdings in Adobe were worth $313,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ADBE. 1248 Management LLC purchased a new stake in Adobe in the 1st quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Adobe in the 1st quarter valued at $26,000. Flaharty Asset Management LLC purchased a new stake in Adobe in the 1st quarter valued at $29,000. HHM Wealth Advisors LLC purchased a new stake in Adobe in the 1st quarter valued at $30,000. Finally, Garde Capital Inc. purchased a new stake in Adobe in the 1st quarter valued at $34,000. 81.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ADBE has been the subject of a number of recent analyst reports. Phillip Securities upgraded Adobe from a “moderate sell” rating to a “strong-buy” rating in a research note on Monday, June 16th. Redburn Atlantic downgraded Adobe from a “hold” rating to a “strong sell” rating and reduced their price objective for the company from $420.00 to $280.00 in a research note on Wednesday, July 2nd. Royal Bank Of Canada reduced their price objective on Adobe from $480.00 to $430.00 and set an “outperform” rating for the company in a research note on Monday, September 8th. Piper Sandler reduced their price objective on Adobe from $500.00 to $470.00 and set an “overweight” rating for the company in a research note on Friday, September 12th. Finally, Barclays upped their price objective on Adobe from $460.00 to $465.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $433.41.

Adobe Stock Down 2.9%

Shares of NASDAQ ADBE opened at $337.51 on Friday. Adobe Inc. has a 52 week low of $330.04 and a 52 week high of $557.90. The business has a 50-day simple moving average of $351.67 and a two-hundred day simple moving average of $370.59. 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 company has a market cap of $141.28 billion, a P/E ratio of 21.03, a P/E/G ratio of 1.51 and a beta of 1.49.

Adobe (NASDAQ:ADBE) last issued its 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. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The business had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same quarter last year, the company earned $4.65 EPS. The firm’s revenue was up 10.7% compared to the same quarter last year. 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.

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.