Cypress Capital Group Has $2.17 Million Holdings in Adobe Inc. $ADBE

Cypress Capital Group trimmed its stake in Adobe Inc. (NASDAQ:ADBE) by 9.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,600 shares of the software company’s stock after selling 596 shares during the quarter. Cypress Capital Group’s holdings in Adobe were worth $2,167,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. 1248 Management LLC acquired a new stake in Adobe in the first quarter worth $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Adobe in the first quarter worth $26,000. Flaharty Asset Management LLC acquired a new stake in Adobe in the first quarter worth $29,000. HHM Wealth Advisors LLC acquired a new stake in Adobe in the first quarter worth $30,000. Finally, Garde Capital Inc. acquired a new stake in Adobe in the first quarter worth $34,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on ADBE shares. Robert W. Baird raised their price target on shares of Adobe from $410.00 to $425.00 and gave the stock a “neutral” rating in a report on Monday, June 16th. BMO Capital Markets dropped their price objective on shares of Adobe from $450.00 to $405.00 and set an “outperform” rating on the stock in a research note on Friday, September 12th. Piper Sandler dropped their price objective on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a research note on Friday, September 12th. Melius lowered 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. Finally, UBS Group dropped their price objective on shares of Adobe from $400.00 to $375.00 and set a “neutral” rating on the stock in a research note on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $433.41.

Adobe Stock Down 2.9%

ADBE opened at $337.51 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02. The company’s 50-day moving average is $351.67 and its 200 day moving average is $370.41. Adobe Inc. has a fifty-two week low of $330.04 and a fifty-two week high of $557.90. The firm has a market capitalization of $141.28 billion, a P/E ratio of 21.03, a PEG ratio of 1.51 and a beta of 1.49.

Adobe (NASDAQ:ADBE) last released its quarterly 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. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The company had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.91 billion. During the same period last year, the firm earned $4.65 earnings per share. The firm’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. Research 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.