Revolve Wealth Partners LLC Trims Stake in Adobe Inc. $ADBE

Revolve Wealth Partners LLC lessened its stake in Adobe Inc. (NASDAQ:ADBE) by 6.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,319 shares of the software company’s stock after selling 97 shares during the period. Revolve Wealth Partners LLC’s holdings in Adobe were worth $510,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in Adobe by 2.1% during the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock worth $3,588,000 after acquiring an additional 167 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Adobe by 22.3% in the 1st quarter. GAMMA Investing LLC now owns 7,798 shares of the software company’s stock valued at $2,991,000 after buying an additional 1,422 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Adobe by 3.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 115,461 shares of the software company’s stock valued at $44,283,000 after purchasing an additional 4,306 shares during the last quarter. Sound Income Strategies LLC raised its position in shares of Adobe by 17.6% in the 1st quarter. Sound Income Strategies LLC now owns 308 shares of the software company’s stock valued at $118,000 after purchasing an additional 46 shares during the last quarter. Finally, Cyndeo Wealth Partners LLC raised its position in shares of Adobe by 2.9% in the 1st quarter. Cyndeo Wealth Partners LLC now owns 7,764 shares of the software company’s stock valued at $2,978,000 after purchasing an additional 216 shares during the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Stock Up 0.5%

Shares of ADBE opened at $339.32 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. The firm has a market cap of $142.04 billion, a P/E ratio of 21.14, a price-to-earnings-growth ratio of 1.51 and a beta of 1.49. The company’s 50-day moving average price is $351.68 and its 200 day moving average price is $370.09. Adobe Inc. has a 12-month low of $330.04 and a 12-month high of $557.90.

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 analysts’ consensus estimates of $5.18 by $0.13. The company had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm 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. On average, sell-side analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. JMP Securities reissued a “market perform” rating on shares of Adobe in a research report on Friday, September 12th. Royal Bank Of Canada dropped their price target on shares of Adobe from $480.00 to $430.00 and set an “outperform” rating on the stock in a research note on Monday, September 8th. Rothschild & Co Redburn cut shares of Adobe from a “neutral” rating to a “sell” rating and set a $280.00 price target on the stock. in a research note on Wednesday, July 2nd. Citigroup lowered their target price on shares of Adobe from $450.00 to $400.00 and set a “neutral” rating on the stock in a research note on Thursday, September 11th. Finally, Piper Sandler lowered their target price on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a research note on Friday, September 12th. One equities 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average 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.