Adobe Inc. $ADBE Shares Sold by Forza Wealth Management LLC

Forza Wealth Management LLC reduced its stake in Adobe Inc. (NASDAQ:ADBE) by 7.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 600 shares of the software company’s stock after selling 47 shares during the period. Forza Wealth Management LLC’s holdings in Adobe were worth $232,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of ADBE. 1248 Management LLC purchased a new stake in shares of Adobe during the 1st quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Adobe in the first quarter worth $26,000. Flaharty Asset Management LLC bought a new stake in shares of Adobe in the 1st quarter worth about $29,000. HHM Wealth Advisors LLC bought a new position in Adobe during the 1st quarter worth approximately $30,000. Finally, Garde Capital Inc. acquired a new position in Adobe in the first quarter worth $34,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Trading Down 1.9%

NASDAQ:ADBE opened at $352.75 on Wednesday. The company’s 50 day moving average is $354.68 and its 200-day moving average is $373.21. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. Adobe Inc. has a 12 month low of $330.04 and a 12 month high of $557.90. The firm has a market cap of $147.66 billion, a price-to-earnings ratio of 21.98, a P/E/G ratio of 1.61 and a beta of 1.48.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.18 by $0.13. The business had revenue of $5.99 billion during 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.65 EPS. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. Equities analysts anticipate that Adobe Inc. will post 16.65 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. DA Davidson reiterated a “buy” rating and issued a $500.00 target price on shares of Adobe in a research note on Friday, September 12th. Evercore ISI lowered their price objective on shares of Adobe from $475.00 to $450.00 and set an “outperform” rating on the stock in a research note on Friday, September 12th. Stifel Nicolaus reduced their price objective on shares of Adobe from $525.00 to $480.00 and set a “buy” rating for the company in a research note on Friday, June 13th. Oppenheimer reduced their price objective on Adobe from $500.00 to $460.00 and set an “outperform” rating for the company in a research note on Tuesday, September 9th. Finally, Barclays boosted their price target on shares of Adobe from $460.00 to $465.00 and gave the company an “overweight” rating in a report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $433.41.

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.