DecisionMap Wealth Management LLC Buys 116 Shares of Adobe Inc. $ADBE

DecisionMap Wealth Management LLC grew its stake in Adobe Inc. (NASDAQ:ADBE) by 6.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,812 shares of the software company’s stock after buying an additional 116 shares during the period. DecisionMap Wealth Management LLC’s holdings in Adobe were worth $701,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. 1248 Management LLC purchased a new stake in shares of Adobe in the first quarter worth $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in Adobe in the 1st quarter worth $26,000. Flaharty Asset Management LLC purchased a new stake in Adobe in the 1st quarter worth $29,000. HHM Wealth Advisors LLC bought a new stake in Adobe during the first quarter valued at about $30,000. Finally, Nexus Investment Management ULC purchased a new position in shares of Adobe in the second quarter valued at about $31,000. 81.79% of the stock is owned by hedge funds and other institutional investors.

Adobe Trading Up 3.0%

ADBE stock opened at $343.40 on Tuesday. The firm has a fifty day moving average price of $351.18 and a 200 day moving average price of $368.72. Adobe Inc. has a fifty-two week low of $327.50 and a fifty-two week high of $557.90. The firm has a market cap of $143.75 billion, a PE ratio of 21.40, a price-to-earnings-growth ratio of 1.49 and a beta of 1.49. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.02.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, beating the consensus estimate of $5.18 by $0.13. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The business had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.91 billion. During the same quarter last year, the business earned $4.65 earnings per share. Adobe’s quarterly revenue was up 10.7% compared to the same quarter last year. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. Sell-side analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ADBE. TD Cowen cut their target price on Adobe from $470.00 to $420.00 and set a “hold” rating for the company in a research report on Friday, September 12th. Redburn Atlantic downgraded Adobe from a “hold” rating to a “strong sell” rating and dropped their price target for the stock from $420.00 to $280.00 in a research note on Wednesday, July 2nd. Evercore ISI reduced their price objective on shares of Adobe from $475.00 to $450.00 and set an “outperform” rating on the stock in a research report on Friday, September 12th. Oppenheimer lowered their target price on shares of Adobe from $500.00 to $460.00 and set an “outperform” rating on the stock in a report on Tuesday, September 9th. Finally, Melius cut shares of Adobe from a “hold” rating to a “sell” rating and set a $310.00 target price for the company. in a research note on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Adobe currently 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.