Trifecta Capital Advisors LLC Sells 8,282 Shares of Adobe Inc. $ADBE

Trifecta Capital Advisors LLC reduced its position in Adobe Inc. (NASDAQ:ADBE) by 92.9% in the 2nd quarter, Holdings Channel reports. The firm owned 636 shares of the software company’s stock after selling 8,282 shares during the quarter. Trifecta Capital Advisors LLC’s holdings in Adobe were worth $246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Schmidt P J Investment Management Inc. raised its position in shares of Adobe by 2.9% during the first quarter. Schmidt P J Investment Management Inc. now owns 896 shares of the software company’s stock worth $344,000 after acquiring an additional 25 shares during the last quarter. GS Investments Inc. raised its position in shares of Adobe by 0.3% during the first quarter. GS Investments Inc. now owns 7,563 shares of the software company’s stock worth $2,901,000 after acquiring an additional 26 shares during the last quarter. Ted Buchan & Co raised its position in shares of Adobe by 1.9% during the first quarter. Ted Buchan & Co now owns 1,368 shares of the software company’s stock worth $525,000 after acquiring an additional 26 shares during the last quarter. Lifeworks Advisors LLC raised its position in shares of Adobe by 3.6% during the first quarter. Lifeworks Advisors LLC now owns 786 shares of the software company’s stock worth $301,000 after acquiring an additional 27 shares during the last quarter. Finally, VanderPol Investments L.L.C. raised its position in shares of Adobe by 5.2% during the first quarter. VanderPol Investments L.L.C. now owns 546 shares of the software company’s stock worth $209,000 after acquiring an additional 27 shares during the last quarter. 81.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ADBE has been the subject of a number of analyst reports. Mizuho downgraded Adobe from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 24th. Piper Sandler decreased their target price on Adobe from $500.00 to $470.00 and set an “overweight” rating for the company in a research note on Friday, September 12th. Evercore ISI decreased their target price on Adobe from $475.00 to $450.00 and set an “outperform” rating for the company in a research note on Friday, September 12th. BMO Capital Markets decreased their target price on Adobe from $450.00 to $405.00 and set an “outperform” rating for the company in a research note on Friday, September 12th. Finally, Phillip Securities raised Adobe from a “moderate sell” rating to a “strong-buy” rating in a research note on Monday, June 16th. 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 company’s stock. According to data from MarketBeat, Adobe presently has an average rating of “Hold” and an average target price of $433.41.

Adobe Stock Up 0.1%

ADBE stock opened at $348.77 on Thursday. Adobe Inc. has a twelve month low of $330.04 and a twelve month high of $557.90. 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 stock’s 50 day moving average is $352.08 and its 200-day moving average is $371.56. The firm has a market capitalization of $146.00 billion, a PE ratio of 21.73, a P/E/G ratio of 1.56 and a beta of 1.49.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, topping analysts’ consensus estimates of $5.18 by $0.13. The business had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.91 billion. Adobe had a return on equity of 57.54% and a net margin of 30.01%.Adobe’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. Sell-side analysts expect that Adobe Inc. will post 16.65 EPS 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.