Stratos Investment Management LLC Sells 1,926 Shares of Adobe Inc. $ADBE

Stratos Investment Management LLC lowered its position in Adobe Inc. (NASDAQ:ADBE) by 9.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,686 shares of the software company’s stock after selling 1,926 shares during the period. Stratos Investment Management LLC’s holdings in Adobe were worth $6,843,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. First National Bank of Mount Dora Trust Investment Services lifted its position in shares of Adobe by 0.4% during the 2nd quarter. First National Bank of Mount Dora Trust Investment Services now owns 17,071 shares of the software company’s stock worth $6,604,000 after buying an additional 66 shares in the last quarter. Oxbow Advisors LLC increased its position in shares of Adobe by 3.0% during the second quarter. Oxbow Advisors LLC now owns 23,071 shares of the software company’s stock valued at $8,926,000 after acquiring an additional 667 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Adobe by 5.4% during the second quarter. Nordea Investment Management AB now owns 1,805,683 shares of the software company’s stock worth $702,790,000 after acquiring an additional 92,044 shares during the period. Empirical Asset Management LLC boosted its position in Adobe by 26.5% in the second quarter. Empirical Asset Management LLC now owns 2,453 shares of the software company’s stock worth $949,000 after purchasing an additional 514 shares during the last quarter. Finally, Bellecapital International Ltd. grew its stake in Adobe by 15.7% in the 2nd quarter. Bellecapital International Ltd. now owns 50,182 shares of the software company’s stock valued at $19,414,000 after purchasing an additional 6,799 shares during the period. 81.79% of the stock is owned by institutional investors.

Adobe Stock Down 0.4%

ADBE opened at $329.23 on Friday. Adobe Inc. has a 12 month low of $327.50 and a 12 month high of $557.90. The company has a market cap of $137.82 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 1.48 and a beta of 1.49. 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 company has a 50 day moving average of $351.14 and a 200 day moving average of $369.21.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, beating the consensus estimate of $5.18 by $0.13. The company had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.91 billion. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business 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 expect that Adobe Inc. will post 16.65 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Adobe in a research note on Wednesday, October 8th. Redburn Atlantic lowered shares of Adobe from a “hold” rating to a “strong sell” rating and lowered their price objective for the stock from $420.00 to $280.00 in a research report on Wednesday, July 2nd. Wall Street Zen raised shares of Adobe from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. TD Cowen decreased their price target on shares of Adobe from $470.00 to $420.00 and set a “hold” rating for the company in a research note on Friday, September 12th. Finally, Royal Bank Of Canada dropped their price objective on Adobe from $480.00 to $430.00 and set an “outperform” rating on the stock in a research note on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $433.41.

About Adobe

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.