Twin City Private Wealth LLC Increases Stock Position in Adobe Inc. $ADBE

Twin City Private Wealth LLC grew its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 5.2% during the second quarter, HoldingsChannel.com reports. The fund owned 2,277 shares of the software company’s stock after buying an additional 113 shares during the quarter. Twin City Private Wealth LLC’s holdings in Adobe were worth $881,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. 1248 Management LLC bought a new position in shares of Adobe in the 1st quarter worth approximately $25,000. Flaharty Asset Management LLC bought a new position in shares of Adobe in the 1st quarter worth approximately $29,000. HHM Wealth Advisors LLC bought a new position in shares of Adobe in the 1st quarter worth approximately $30,000. Nexus Investment Management ULC bought a new position in shares of Adobe in the 2nd quarter worth approximately $31,000. Finally, Cornerstone Planning Group LLC lifted its stake in shares of Adobe by 128.6% in the 1st quarter. Cornerstone Planning Group LLC now owns 112 shares of the software company’s stock worth $39,000 after purchasing an additional 63 shares during the period. Institutional investors own 81.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ADBE shares. Oppenheimer lowered their price objective on shares of Adobe from $500.00 to $460.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 9th. Melius cut shares of Adobe from a “hold” rating to a “sell” rating and set a $310.00 price objective on the stock. in a research note on Monday, August 11th. Redburn Partners set a $280.00 target price on shares of Adobe in a research note on Monday, September 1st. TD Cowen decreased their target price on shares of Adobe from $470.00 to $420.00 and set a “hold” rating on the stock in a research note on Friday, September 12th. Finally, Morgan Stanley cut shares of Adobe from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $520.00 to $450.00 in a research note on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $433.41.

Adobe Price Performance

NASDAQ ADBE opened at $340.31 on Friday. Adobe Inc. has a 12 month low of $327.50 and a 12 month high of $557.90. The stock has a market cap of $142.45 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 1.51 and a beta of 1.49. The company’s 50 day moving average is $350.67 and its two-hundred day moving average is $368.59. 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 (NASDAQ:ADBE) last released its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.18 by $0.13. The firm had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter last year, the business 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. As a group, research analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current 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.