Crux Wealth Advisors Buys 628 Shares of Adobe Inc. $ADBE

Crux Wealth Advisors raised its stake in Adobe Inc. (NASDAQ:ADBE) by 53.2% during the 2nd quarter, Holdings Channel reports. The fund owned 1,808 shares of the software company’s stock after acquiring an additional 628 shares during the period. Crux Wealth Advisors’ holdings in Adobe were worth $699,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. 1248 Management LLC acquired a new position in Adobe in the 1st quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Adobe in the first quarter valued at about $26,000. Flaharty Asset Management LLC acquired a new position in shares of Adobe in the first quarter valued at about $29,000. HHM Wealth Advisors LLC bought a new position in Adobe during the first quarter worth about $30,000. Finally, Nexus Investment Management ULC acquired a new stake in Adobe in the 2nd quarter worth about $31,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ADBE has been the topic of a number of analyst reports. Piper Sandler decreased their target price on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a research report on Friday, September 12th. Evercore ISI reduced their price target on Adobe from $475.00 to $450.00 and set an “outperform” rating on the stock in a research report on Friday, September 12th. Morgan Stanley lowered Adobe from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $520.00 to $450.00 in a research note on Wednesday, September 24th. Redburn Partners set a $280.00 target price on Adobe in a research report on Monday, September 1st. Finally, Redburn Atlantic cut Adobe from a “hold” rating to a “strong sell” rating and decreased their price target for the stock from $420.00 to $280.00 in a research report on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Adobe has a consensus rating of “Hold” and a consensus target price of $433.41.

Adobe Trading Up 1.2%

Shares of ADBE stock opened at $333.26 on Friday. Adobe Inc. has a fifty-two week low of $327.50 and a fifty-two week high of $557.90. The stock’s fifty day moving average price is $350.99 and its two-hundred day moving average price is $368.75. 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 company has a market cap of $139.50 billion, a PE ratio of 20.76, a P/E/G ratio of 1.49 and a beta of 1.49.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $5.91 billion. During the same period last year, the firm posted $4.65 earnings per share. Adobe’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. Equities analysts predict that Adobe Inc. will post 16.65 EPS for the current fiscal 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.