Crux Wealth Advisors Has $699,000 Stock Position in Adobe Inc. $ADBE

Crux Wealth Advisors raised its stake in Adobe Inc. (NASDAQ:ADBE) by 53.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,808 shares of the software company’s stock after buying an additional 628 shares during the quarter. Crux Wealth Advisors’ holdings in Adobe were worth $699,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Chicago Partners Investment Group LLC raised its holdings in shares of Adobe by 48.6% during the second quarter. Chicago Partners Investment Group LLC now owns 5,193 shares of the software company’s stock worth $1,934,000 after acquiring an additional 1,699 shares during the period. Sigma Investment Counselors Inc. increased its holdings in Adobe by 4.5% during the 2nd quarter. Sigma Investment Counselors Inc. now owns 8,745 shares of the software company’s stock worth $3,383,000 after purchasing an additional 378 shares in the last quarter. Dumont & Blake Investment Advisors LLC bought a new position in Adobe during the 2nd quarter worth about $706,000. International Assets Investment Management LLC raised its stake in shares of Adobe by 17.6% in the 2nd quarter. International Assets Investment Management LLC now owns 6,701 shares of the software company’s stock valued at $2,592,000 after purchasing an additional 1,005 shares during the period. Finally, DeDora Capital Inc. lifted its holdings in shares of Adobe by 4.0% in the second quarter. DeDora Capital Inc. now owns 1,563 shares of the software company’s stock valued at $605,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 81.79% of the company’s stock.

Adobe Price Performance

Shares of ADBE opened at $333.26 on Friday. 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’s fifty day simple moving average is $350.99 and its 200 day simple moving average is $368.75. Adobe Inc. has a 1-year low of $327.50 and a 1-year high of $557.90. The company has a market cap of $139.50 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 1.49 and a beta of 1.49.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, beating analysts’ consensus estimates of $5.18 by $0.13. The company had revenue of $5.99 billion during 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 company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last 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. On average, research analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on ADBE. TD Cowen decreased their price objective on Adobe from $470.00 to $420.00 and set a “hold” rating for the company in a report on Friday, September 12th. DA Davidson reaffirmed a “buy” rating and set a $500.00 price target on shares of Adobe in a research note on Friday, September 12th. Morgan Stanley downgraded shares of Adobe from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $520.00 to $450.00 in a report on Wednesday, September 24th. Weiss Ratings restated a “hold (c-)” rating on shares of Adobe in a report on Wednesday, October 8th. Finally, Redburn Partners set a $280.00 target price on shares of Adobe in a research report on Monday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Adobe currently has a consensus 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.