Winthrop Advisory Group LLC Buys 235 Shares of Adobe Inc. $ADBE

Winthrop Advisory Group LLC increased its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 35.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 905 shares of the software company’s stock after acquiring an additional 235 shares during the quarter. Winthrop Advisory Group LLC’s holdings in Adobe were worth $350,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ADBE. Brighton Jones LLC increased its stake in Adobe by 2.1% during the fourth quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock valued at $3,588,000 after acquiring an additional 167 shares during the period. Wedge Capital Management L L P NC increased its holdings in Adobe by 4.4% in the 1st quarter. Wedge Capital Management L L P NC now owns 859 shares of the software company’s stock valued at $329,000 after buying an additional 36 shares during the period. Courier Capital LLC increased its stake in Adobe by 16.0% in the first quarter. Courier Capital LLC now owns 579 shares of the software company’s stock valued at $222,000 after acquiring an additional 80 shares during the period. Range Financial Group LLC bought a new stake in Adobe in the first quarter valued at about $219,000. Finally, Farther Finance Advisors LLC increased its stake in Adobe by 8.5% in the first quarter. Farther Finance Advisors LLC now owns 9,557 shares of the software company’s stock valued at $3,662,000 after acquiring an additional 749 shares during the period. Institutional investors own 81.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Mizuho lowered Adobe from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 24th. Evercore ISI lowered their price target on Adobe from $475.00 to $450.00 and set an “outperform” rating on the stock in a research report on Friday, September 12th. Wall Street Zen upgraded Adobe from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Melius lowered shares of Adobe from a “hold” rating to a “sell” rating and set a $310.00 target price on the stock. in a report on Monday, August 11th. Finally, Redburn Partners set a $280.00 target price on shares of Adobe in a report on Monday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $433.41.

Adobe Price Performance

Shares of ADBE stock opened at $348.31 on Wednesday. The stock’s fifty day moving average is $352.39 and its 200-day moving average is $371.72. 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 capitalization of $145.80 billion, a PE ratio of 21.70, a PEG ratio of 1.57 and a beta of 1.49. Adobe Inc. has a 52 week low of $330.04 and a 52 week high of $557.90.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, topping analysts’ consensus estimates of $5.18 by $0.13. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The firm had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.91 billion. During the same quarter in the prior year, the firm earned $4.65 EPS. The company’s revenue was up 10.7% on a year-over-year basis. 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 expect that Adobe Inc. will post 16.65 EPS 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.