Adobe Inc. $ADBE Holdings Decreased by Denali Advisors LLC

Denali Advisors LLC reduced its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 2.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,391 shares of the software company’s stock after selling 33 shares during the quarter. Denali Advisors LLC’s holdings in Adobe were worth $538,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Brookstone Capital Management raised its position in Adobe by 2.3% in the second quarter. Brookstone Capital Management now owns 11,302 shares of the software company’s stock worth $4,373,000 after acquiring an additional 256 shares in the last quarter. Cantillon Capital Management LLC raised its position in Adobe by 7.5% in the second quarter. Cantillon Capital Management LLC now owns 856,629 shares of the software company’s stock worth $331,413,000 after acquiring an additional 59,743 shares in the last quarter. Citizens & Northern Corp raised its position in Adobe by 3.5% in the second quarter. Citizens & Northern Corp now owns 4,066 shares of the software company’s stock worth $1,573,000 after acquiring an additional 139 shares in the last quarter. Studio Investment Management LLC raised its position in Adobe by 81.9% in the second quarter. Studio Investment Management LLC now owns 3,106 shares of the software company’s stock worth $1,202,000 after acquiring an additional 1,398 shares in the last quarter. Finally, D.A. Davidson & CO. raised its position in Adobe by 1.4% in the second quarter. D.A. Davidson & CO. now owns 57,232 shares of the software company’s stock worth $22,142,000 after acquiring an additional 797 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors.

Adobe Price Performance

NASDAQ ADBE opened at $354.09 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. Adobe Inc. has a 1 year low of $327.50 and a 1 year high of $557.90. The stock’s 50-day moving average price is $351.63 and its two-hundred day moving average price is $368.54. The company has a market cap of $148.22 billion, a PE ratio of 22.06, a PEG ratio of 1.60 and a beta of 1.49.

Adobe (NASDAQ:ADBE) last released its earnings results 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 company had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.91 billion. During the same quarter in the previous year, the business posted $4.65 EPS. The business’s revenue for the quarter 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. On average, analysts predict that Adobe Inc. will post 16.65 EPS for the current year.

Analyst Ratings Changes

ADBE has been the topic of several research reports. Royal Bank Of Canada dropped their price target on shares of Adobe from $480.00 to $430.00 and set an “outperform” rating on the stock in a research report on Monday, September 8th. Rothschild & Co Redburn cut shares of Adobe from a “neutral” rating to a “sell” rating and set a $280.00 price target on the stock. in a research report on Wednesday, July 2nd. Redburn Partners set a $280.00 price target on shares of Adobe in a research report on Monday, September 1st. Barclays boosted their price target on shares of Adobe from $460.00 to $465.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Finally, Melius cut shares of Adobe from a “hold” rating to a “sell” rating and set a $310.00 price target on the stock. in a research report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Adobe has a consensus rating of “Hold” and a consensus target price 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.