Nvwm LLC Has $774,000 Stock Position in Adobe Inc. $ADBE

Nvwm LLC lessened its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 35.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,000 shares of the software company’s stock after selling 1,099 shares during the quarter. Nvwm LLC’s holdings in Adobe were worth $774,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. 1248 Management LLC acquired a new stake in Adobe in the first quarter valued at $25,000. Flaharty Asset Management LLC acquired a new stake in shares of Adobe in the first quarter valued at about $29,000. HHM Wealth Advisors LLC bought a new position in shares of Adobe during the first quarter worth about $30,000. Nexus Investment Management ULC acquired a new position in shares of Adobe in the second quarter worth approximately $31,000. Finally, Barnes Dennig Private Wealth Management LLC boosted its holdings in Adobe by 44.9% in the second quarter. Barnes Dennig Private Wealth Management LLC now owns 100 shares of the software company’s stock valued at $39,000 after acquiring an additional 31 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ADBE has been the topic of several recent analyst reports. Piper Sandler dropped their target price on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a report on Friday, September 12th. Royal Bank Of Canada cut their price target on Adobe from $480.00 to $430.00 and set an “outperform” rating for the company in a research note on Monday, September 8th. Mizuho downgraded shares of Adobe from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 24th. TD Cowen cut their price objective on Adobe from $470.00 to $420.00 and set a “hold” rating on the stock in a research report on Friday, September 12th. Finally, Barclays set a $465.00 price target on shares of Adobe and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $433.41.

Insider Activity

In related news, CAO Jillian Forusz sold 149 shares of the stock in a transaction on Friday, October 31st. The shares were sold at an average price of $337.88, for a total transaction of $50,344.12. Following the transaction, the chief accounting officer owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. This trade represents a 4.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.16% of the company’s stock.

Adobe Trading Down 2.4%

Adobe stock opened at $327.35 on Friday. Adobe Inc. has a fifty-two week low of $324.55 and a fifty-two week high of $557.90. The firm’s fifty day moving average price is $348.81 and its 200-day moving average price is $368.20. 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 stock has a market cap of $137.03 billion, a P/E ratio of 20.40, a PEG ratio of 1.51 and a beta of 1.47.

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

About Adobe

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.