Guardian Asset Advisors LLC Reduces Stock Holdings in Adobe Inc. $ADBE

Guardian Asset Advisors LLC lowered its position in Adobe Inc. (NASDAQ:ADBE) by 18.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 711 shares of the software company’s stock after selling 157 shares during the quarter. Guardian Asset Advisors LLC’s holdings in Adobe were worth $275,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. 1248 Management LLC purchased a new stake in shares of Adobe in the first quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Adobe in the first quarter valued at about $26,000. Flaharty Asset Management LLC purchased a new stake in shares of Adobe in the first quarter valued at about $29,000. HHM Wealth Advisors LLC purchased a new stake in shares of Adobe in the first quarter valued at about $30,000. Finally, Nexus Investment Management ULC acquired a new position in Adobe in the second quarter valued at about $31,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Stock Up 0.0%

Shares of ADBE opened at $354.12 on Friday. The stock has a market capitalization of $148.23 billion, a PE ratio of 22.06, a P/E/G ratio of 1.59 and a beta of 1.49. Adobe Inc. has a 1 year low of $327.50 and a 1 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. The company’s 50-day simple moving average is $351.74 and its 200-day simple moving average is $368.63.

Adobe (NASDAQ:ADBE) last issued its quarterly 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. The business had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.65 earnings per share. 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 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ADBE has been the topic of a number of research analyst reports. DA Davidson reissued a “buy” rating and issued a $500.00 price target on shares of Adobe in a research note on Friday, September 12th. JMP Securities restated a “market perform” rating on shares of Adobe in a report on Friday, September 12th. Mizuho lowered shares of Adobe from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 24th. UBS Group decreased their price objective on shares of Adobe from $400.00 to $375.00 and set a “neutral” rating on the stock in a report on Friday, September 12th. Finally, TD Cowen decreased their price objective on shares of Adobe from $470.00 to $420.00 and set a “hold” rating on the stock in a report on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $433.41.

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.