Bouvel Investment Partners LLC Reduces Stock Position in Adobe Inc. $ADBE

Bouvel Investment Partners LLC reduced its stake in Adobe Inc. (NASDAQ:ADBE) by 7.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,750 shares of the software company’s stock after selling 397 shares during the period. Bouvel Investment Partners LLC’s holdings in Adobe were worth $1,838,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ADBE. Brighton Jones LLC raised its stake in Adobe by 2.1% in the fourth quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock worth $3,588,000 after buying an additional 167 shares in the last quarter. Bank Pictet & Cie Europe AG raised its stake in Adobe by 2.7% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 28,969 shares of the software company’s stock worth $12,882,000 after buying an additional 756 shares in the last quarter. Fourth Dimension Wealth LLC bought a new position in Adobe in the fourth quarter worth about $67,000. GTS Securities LLC raised its stake in Adobe by 105.4% in the fourth quarter. GTS Securities LLC now owns 4,890 shares of the software company’s stock worth $2,174,000 after buying an additional 95,020 shares in the last quarter. Finally, GF Fund Management CO. LTD. bought a new position in Adobe in the fourth quarter worth about $37,099,000. 81.79% of the stock is owned by institutional investors.

Adobe Stock Down 0.4%

ADBE opened at $365.90 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.99 and a current ratio of 1.02. Adobe Inc. has a fifty-two week low of $330.04 and a fifty-two week high of $557.90. The firm’s fifty day moving average is $355.88 and its 200 day moving average is $376.47. The stock has a market cap of $155.21 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 1.64 and a beta of 1.48.

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

Analyst Ratings Changes

A number of equities analysts have weighed in on ADBE shares. Barclays raised their target price on shares of Adobe from $460.00 to $465.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. BMO Capital Markets decreased their target price on shares of Adobe from $450.00 to $405.00 and set an “outperform” rating for the company in a research note on Friday, September 12th. Evercore ISI decreased their target price on shares of Adobe from $475.00 to $450.00 and set an “outperform” rating for the company in a research note on Friday, September 12th. JMP Securities reaffirmed a “market perform” rating on shares of Adobe in a research note on Friday, September 12th. Finally, Melius downgraded shares of Adobe from a “hold” rating to a “sell” rating and set a $310.00 target price for the company. in a research note on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $435.63.

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.