Eagle Wealth Strategies LLC Reduces Stake in Adobe Inc. $ADBE

Eagle Wealth Strategies LLC reduced its position in Adobe Inc. (NASDAQ:ADBE) by 4.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 856 shares of the software company’s stock after selling 36 shares during the period. Eagle Wealth Strategies LLC’s holdings in Adobe were worth $331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. 1248 Management LLC purchased a new position in shares of Adobe in the 1st quarter worth $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Adobe in the 1st quarter worth $26,000. Flaharty Asset Management LLC purchased a new position in shares of Adobe in the 1st quarter worth $29,000. HHM Wealth Advisors LLC purchased a new position in shares of Adobe in the 1st quarter worth $30,000. Finally, Garde Capital Inc. bought a new position in Adobe in the 1st quarter worth $34,000. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Adobe Trading Down 0.3%

Shares of ADBE stock opened at $359.42 on Tuesday. Adobe Inc. has a 12-month low of $330.04 and a 12-month high of $557.90. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. The stock’s 50-day moving average price is $355.08 and its 200-day moving average price is $373.36. The stock has a market capitalization of $150.45 billion, a price-to-earnings ratio of 22.39, a price-to-earnings-growth ratio of 1.62 and a beta of 1.48.

Adobe (NASDAQ:ADBE) last issued its earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.18 by $0.13. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The firm had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.91 billion. During the same period in the previous year, the firm posted $4.65 earnings per share. The business’s revenue was up 10.7% compared to the same quarter last year. 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 predict that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Wall Street Zen raised Adobe from a “hold” rating to a “buy” rating in a report on Friday, September 5th. UBS Group decreased their price target on Adobe from $400.00 to $375.00 and set a “neutral” rating on the stock in a report on Friday, September 12th. Bank of America raised 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. Evercore ISI decreased their price target on Adobe from $475.00 to $450.00 and set an “outperform” rating on the stock in a report on Friday, September 12th. Finally, Redburn Partners set a $280.00 price target on Adobe in a report on Monday, September 1st. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.