Hantz Financial Services Inc. Has $28.15 Million Holdings in Adobe Inc. $ADBE

Hantz Financial Services Inc. cut its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 1.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,770 shares of the software company’s stock after selling 703 shares during the period. Hantz Financial Services Inc.’s holdings in Adobe were worth $28,153,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. 1248 Management LLC bought a new position in Adobe during the first quarter worth about $25,000. Flaharty Asset Management LLC bought a new position in Adobe during the first quarter worth about $29,000. HHM Wealth Advisors LLC bought a new position in Adobe during the first quarter worth about $30,000. Nexus Investment Management ULC bought a new position in Adobe during the second quarter worth about $31,000. Finally, Barnes Dennig Private Wealth Management LLC lifted its holdings in Adobe by 44.9% during the second quarter. Barnes Dennig Private Wealth Management LLC now owns 100 shares of the software company’s stock worth $39,000 after acquiring an additional 31 shares in the last quarter. 81.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ADBE has been the topic of several recent analyst reports. Rothschild & Co Redburn lowered Adobe from a “neutral” rating to a “sell” rating and set a $280.00 target price on the stock. in a report on Wednesday, July 2nd. Piper Sandler cut their price target on Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a report on Friday, September 12th. Oppenheimer cut their price target on Adobe from $500.00 to $460.00 and set an “outperform” rating on the stock in a report on Tuesday, September 9th. DA Davidson restated a “buy” rating and issued a $500.00 price target on shares of Adobe in a report on Friday, September 12th. Finally, Melius lowered Adobe from a “hold” rating to a “sell” rating and set a $310.00 price target on the stock. in a report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Adobe presently has a consensus rating of “Hold” and a consensus target price of $433.41.

Adobe Stock Performance

ADBE opened at $337.86 on Thursday. Adobe Inc. has a 52-week low of $327.50 and a 52-week high of $557.90. The firm has a market capitalization of $141.43 billion, a PE ratio of 21.05, a PEG ratio of 1.61 and a beta of 1.49. 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 business’s 50-day simple moving average is $351.39 and its 200 day simple moving average is $368.87.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, topping analysts’ consensus estimates of $5.18 by $0.13. The firm had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.91 billion. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The business’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. As a group, sell-side analysts expect that Adobe Inc. will post 16.65 earnings per share 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.