Parkside Investments LLC Lowers Stock Holdings in Adobe Inc. $ADBE

Parkside Investments LLC decreased its holdings in Adobe Inc. (NASDAQ:ADBE) by 50.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,000 shares of the software company’s stock after selling 1,000 shares during the period. Parkside Investments LLC’s holdings in Adobe were worth $387,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ADBE. 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 bought a new position in shares of Adobe in the first quarter worth about $26,000. Flaharty Asset Management LLC bought a new position in shares of Adobe in the first quarter worth about $29,000. HHM Wealth Advisors LLC purchased a new stake in Adobe in the 1st quarter worth $30,000. Finally, Garde Capital Inc. purchased a new stake in Adobe in the 1st quarter worth $34,000. Institutional investors own 81.79% of the company’s stock.

Adobe Stock Performance

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

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, beating the consensus estimate of $5.18 by $0.13. The company had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.65 EPS. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. Research analysts predict that Adobe Inc. will post 16.65 EPS for the current year.

Analyst Upgrades and Downgrades

ADBE has been the topic of several recent research reports. Mizuho cut shares of Adobe from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 24th. DA Davidson restated a “buy” rating and set a $500.00 target price on shares of Adobe in a research report on Friday, September 12th. Robert W. Baird upped their target price on shares of Adobe from $410.00 to $425.00 and gave the company a “neutral” rating in a research report on Monday, June 16th. Redburn Partners set a $280.00 target price on shares of Adobe in a research report on Monday, September 1st. Finally, Wall Street Zen upgraded shares of Adobe from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock 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.