Adobe Inc. $ADBE Shares Sold by United Asset Strategies Inc.

United Asset Strategies Inc. decreased its position in shares of Adobe Inc. (NASDAQ:ADBE) by 3.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 32,027 shares of the software company’s stock after selling 1,161 shares during the period. United Asset Strategies Inc.’s holdings in Adobe were worth $12,283,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ADBE. Garde Capital Inc. purchased a new position in shares of Adobe during the 1st quarter valued at approximately $34,000. PFG Advisors raised its holdings in Adobe by 20.8% in the first quarter. PFG Advisors now owns 4,964 shares of the software company’s stock valued at $1,904,000 after acquiring an additional 855 shares in the last quarter. Krane Funds Advisors LLC boosted its stake in Adobe by 110.4% during the 1st quarter. Krane Funds Advisors LLC now owns 1,391 shares of the software company’s stock valued at $533,000 after acquiring an additional 730 shares during the last quarter. Burling Wealth Partners LLC bought a new position in Adobe during the 4th quarter valued at $1,173,000. Finally, Financial Counselors Inc. grew its holdings in Adobe by 9.2% during the 1st quarter. Financial Counselors Inc. now owns 62,851 shares of the software company’s stock worth $24,105,000 after acquiring an additional 5,298 shares in the last quarter. 81.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ADBE has been the topic of a number of recent analyst reports. Oppenheimer cut their target price on shares of Adobe from $530.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, June 13th. Stifel Nicolaus lowered their price objective on Adobe from $525.00 to $480.00 and set a “buy” rating for the company in a report on Friday, June 13th. Wall Street Zen raised Adobe from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Bank of America boosted their price target on Adobe from $424.00 to $475.00 and gave the company a “buy” rating in a report on Friday, June 13th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $470.00 price target (up from $430.00) on shares of Adobe in a research report on Friday, June 13th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $467.58.

Adobe Stock Performance

ADBE stock opened at $353.43 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $149.93 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 1.71 and a beta of 1.51. Adobe Inc. has a 1 year low of $330.04 and a 1 year high of $587.75. The stock’s fifty day moving average is $368.37 and its two-hundred day moving average is $391.09.

Adobe (NASDAQ:ADBE) last released its quarterly earnings results on Thursday, June 12th. The software company reported $5.06 EPS for the quarter, topping the consensus estimate of $4.97 by $0.09. Adobe had a net margin of 30.39% and a return on equity of 53.68%. The business had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.80 billion. During the same quarter in the prior year, the firm earned $4.48 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. Adobe has set its Q3 2025 guidance at 5.150-5.200 EPS. FY 2025 guidance at 20.500-20.700 EPS. On average, research analysts predict that Adobe Inc. will post 16.65 EPS for the current year.

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.