Cwm LLC Raises Stock Holdings in Adobe Inc. $ADBE

Cwm LLC raised its position in shares of Adobe Inc. (NASDAQ:ADBE) by 1.6% during the 2nd quarter, Holdings Channel reports. The fund owned 66,063 shares of the software company’s stock after purchasing an additional 1,051 shares during the period. Cwm LLC’s holdings in Adobe were worth $25,558,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. 1248 Management LLC bought a new position in Adobe during the first quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Adobe in the first quarter worth about $26,000. Flaharty Asset Management LLC purchased a new position in Adobe in the first quarter worth about $29,000. HHM Wealth Advisors LLC purchased a new position in Adobe in the first quarter worth about $30,000. Finally, Garde Capital Inc. purchased a new position in Adobe in the first quarter worth about $34,000. Institutional investors own 81.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ADBE shares. Mizuho downgraded Adobe from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 24th. Royal Bank Of Canada reduced their target price on shares of Adobe from $480.00 to $430.00 and set an “outperform” rating on the stock in a research note on Monday, September 8th. Citigroup reduced their target price on shares of Adobe from $450.00 to $400.00 and set a “neutral” rating on the stock in a research note on Thursday, September 11th. Morgan Stanley downgraded shares of Adobe from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $520.00 to $450.00 in a research note on Wednesday, September 24th. Finally, Barclays raised their price objective on shares of Adobe from $460.00 to $465.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $433.41.

Adobe Stock Performance

Shares of NASDAQ:ADBE opened at $337.51 on Monday. The firm has a market cap of $141.28 billion, a PE ratio of 21.03, a price-to-earnings-growth ratio of 1.51 and a beta of 1.49. The firm’s 50 day simple moving average is $351.67 and its 200-day simple moving average is $370.41. Adobe Inc. has a one year low of $330.04 and a one year high of $557.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.02.

Adobe (NASDAQ:ADBE) last issued 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 during the quarter, compared to analyst estimates of $5.91 billion. Adobe had a return on equity of 57.54% and a net margin of 30.01%.Adobe’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the company posted $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. As a group, equities analysts predict that Adobe Inc. will post 16.65 EPS 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.