Wealth Architects LLC Has $424,000 Stock Position in Adobe Inc. $ADBE

Wealth Architects LLC lifted its position in Adobe Inc. (NASDAQ:ADBE) by 9.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,096 shares of the software company’s stock after acquiring an additional 98 shares during the period. Wealth Architects LLC’s holdings in Adobe were worth $424,000 as of its most recent SEC filing.

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

Adobe Stock Performance

Shares of ADBE opened at $337.51 on Monday. The firm has a market cap of $141.28 billion, a price-to-earnings ratio of 21.03, a price-to-earnings-growth ratio of 1.51 and a beta of 1.49. The company’s fifty day moving average is $351.67 and its 200-day moving average is $370.41. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. Adobe Inc. has a 12 month low of $330.04 and a 12 month high of $557.90.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share (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 analysts’ expectations of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. Adobe’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the prior 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. Equities analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. BMO Capital Markets lowered their target price on Adobe from $450.00 to $405.00 and set an “outperform” rating on the stock in a research note on Friday, September 12th. Wall Street Zen upgraded shares of Adobe from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Royal Bank Of Canada dropped their price objective 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. Piper Sandler decreased their target price on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating for the company in a research note on Friday, September 12th. Finally, Redburn Partners set a $280.00 price target on shares of Adobe in a report on Monday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently 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.