Keeler Thomas Management LLC Has $685,000 Stock Holdings in Adobe Inc. $ADBE

Keeler Thomas Management LLC trimmed its holdings in Adobe Inc. (NASDAQ:ADBE) by 15.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,771 shares of the software company’s stock after selling 325 shares during the period. Keeler Thomas Management LLC’s holdings in Adobe were worth $685,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Leelyn Smith LLC lifted its position in shares of Adobe by 6.2% in the second quarter. Leelyn Smith LLC now owns 11,064 shares of the software company’s stock valued at $4,280,000 after buying an additional 650 shares during the last quarter. Hobart Private Capital LLC lifted its position in shares of Adobe by 137.1% in the second quarter. Hobart Private Capital LLC now owns 2,760 shares of the software company’s stock valued at $1,068,000 after buying an additional 1,596 shares during the last quarter. CNB Bank lifted its position in shares of Adobe by 6.4% in the second quarter. CNB Bank now owns 2,297 shares of the software company’s stock valued at $889,000 after buying an additional 138 shares during the last quarter. Sage Mountain Advisors LLC lifted its position in shares of Adobe by 19.9% in the second quarter. Sage Mountain Advisors LLC now owns 2,644 shares of the software company’s stock valued at $1,023,000 after buying an additional 438 shares during the last quarter. Finally, DDD Partners LLC bought a new position in shares of Adobe during the second quarter worth approximately $1,970,000. 81.79% of the stock is owned by institutional investors and hedge funds.

Adobe Price Performance

Adobe stock opened at $353.52 on Friday. 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 Inc. has a 52 week low of $327.50 and a 52 week high of $557.90. The stock has a market capitalization of $147.98 billion, a P/E ratio of 22.03, a price-to-earnings-growth ratio of 1.59 and a beta of 1.49. The stock has a fifty day moving average of $351.71 and a 200-day moving average of $368.72.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, topping analysts’ consensus estimates of $5.18 by $0.13. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The company 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 firm earned $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. On average, sell-side analysts expect that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. TD Cowen lowered their target price on Adobe from $470.00 to $420.00 and set a “hold” rating on the stock in a research note on Friday, September 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Adobe in a research note on Friday. Melius lowered Adobe from a “hold” rating to a “sell” rating and set a $310.00 target price on the stock. in a research note on Monday, August 11th. Mizuho lowered Adobe from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 24th. Finally, Morgan Stanley lowered Adobe from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $520.00 to $450.00 in a research note on Wednesday, September 24th. One 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 MarketBeat, the company has an average rating of “Hold” and an average price target 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.