Capital Investment Advisors LLC Sells 913 Shares of Adobe Inc. $ADBE

Capital Investment Advisors LLC cut its stake in Adobe Inc. (NASDAQ:ADBE) by 13.0% in the second quarter, HoldingsChannel.com reports. The fund owned 6,087 shares of the software company’s stock after selling 913 shares during the period. Capital Investment Advisors LLC’s holdings in Adobe were worth $2,355,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Centennial Wealth Advisory LLC bought a new stake in shares of Adobe in the 2nd quarter valued at about $218,000. Northwest Wealth Management LLC bought a new stake in shares of Adobe in the 2nd quarter valued at about $286,000. Raleigh Capital Management Inc. increased its stake in shares of Adobe by 80.1% in the 2nd quarter. Raleigh Capital Management Inc. now owns 1,138 shares of the software company’s stock valued at $440,000 after acquiring an additional 506 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Adobe by 1.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 93,509 shares of the software company’s stock valued at $36,177,000 after acquiring an additional 1,626 shares during the last quarter. Finally, Baron Silver Stevens Financial Advisors LLC bought a new stake in shares of Adobe in the 2nd quarter valued at about $219,000. 81.79% of the stock is owned by institutional investors.

Adobe Trading Down 1.9%

NASDAQ:ADBE opened at $352.75 on Wednesday. Adobe Inc. has a twelve month low of $330.04 and a twelve month high of $557.90. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. The business has a 50 day moving average price of $354.68 and a two-hundred day moving average price of $373.21. The company has a market cap of $147.66 billion, a P/E ratio of 21.98, a price-to-earnings-growth ratio of 1.61 and a beta of 1.48.

Adobe (NASDAQ:ADBE) last released its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share 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 firm had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same quarter in the prior year, the firm posted $4.65 EPS. The business’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. As a group, analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ADBE has been the subject of a number of recent analyst reports. Phillip Securities raised Adobe from a “moderate sell” rating to a “strong-buy” rating in a research note on Monday, June 16th. Bank of America increased their target price on Adobe from $424.00 to $475.00 and gave the stock a “buy” rating in a research note on Friday, June 13th. Citigroup lowered their target price on Adobe from $450.00 to $400.00 and set a “neutral” rating for the company in a research note on Thursday, September 11th. BMO Capital Markets lowered their target price on Adobe from $450.00 to $405.00 and set an “outperform” rating for the company in a research note on Friday, September 12th. Finally, Redburn Atlantic cut Adobe from a “hold” rating to a “strong sell” rating and lowered their target price for the stock from $420.00 to $280.00 in a research note on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have assigned a Hold rating and three have assigned 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 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.