Adobe Inc. $ADBE Stock Position Decreased by Gables Capital Management Inc.

Gables Capital Management Inc. trimmed its position in shares of Adobe Inc. (NASDAQ:ADBE) by 6.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,525 shares of the software company’s stock after selling 100 shares during the period. Gables Capital Management Inc.’s holdings in Adobe were worth $590,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. 1248 Management LLC bought a new position in shares of Adobe in the first quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Adobe during the first quarter valued at approximately $26,000. Flaharty Asset Management LLC acquired a new stake in Adobe during the first quarter valued at approximately $29,000. HHM Wealth Advisors LLC acquired a new stake in Adobe during the first quarter valued at approximately $30,000. Finally, Nexus Investment Management ULC acquired a new stake in Adobe during the second quarter valued at approximately $31,000. 81.79% of the stock is currently owned by institutional investors.

Adobe Stock Performance

ADBE stock opened at $357.55 on Wednesday. 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 has a 50 day moving average price of $351.57 and a 200 day moving average price of $368.64. Adobe Inc. has a fifty-two week low of $327.50 and a fifty-two week high of $557.90. The stock has a market capitalization of $149.67 billion, a PE ratio of 22.28, a price-to-earnings-growth ratio of 1.54 and a beta of 1.49.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $5.91 billion. During the same quarter in the previous year, the company posted $4.65 EPS. Adobe’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. Analysts forecast that Adobe Inc. will post 16.65 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on ADBE. Rothschild & Co Redburn downgraded Adobe from a “neutral” rating to a “sell” rating and set a $280.00 price objective on the stock. in a report on Wednesday, July 2nd. Mizuho downgraded Adobe from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 24th. Morgan Stanley downgraded Adobe from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $520.00 to $450.00 in a report on Wednesday, September 24th. Evercore ISI decreased their price objective on Adobe from $475.00 to $450.00 and set an “outperform” rating on the stock in a report on Friday, September 12th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Adobe in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $433.41.

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.