Adobe Inc. $ADBE Shares Sold by Fullcircle Wealth LLC

Fullcircle Wealth LLC lowered its position in shares of Adobe Inc. (NASDAQ:ADBE) by 10.6% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 1,741 shares of the software company’s stock after selling 207 shares during the quarter. Fullcircle Wealth LLC’s holdings in Adobe were worth $674,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PFG Advisors lifted its position in Adobe by 20.8% during the 1st quarter. PFG Advisors now owns 4,964 shares of the software company’s stock worth $1,904,000 after acquiring an additional 855 shares during the period. Lathrop Investment Management Co. lifted its position in Adobe by 2.8% during the 2nd quarter. Lathrop Investment Management Co. now owns 26,544 shares of the software company’s stock worth $10,269,000 after acquiring an additional 718 shares during the period. Mcdaniel Terry & Co. raised its stake in shares of Adobe by 2.8% during the 2nd quarter. Mcdaniel Terry & Co. now owns 39,507 shares of the software company’s stock valued at $15,284,000 after buying an additional 1,093 shares during the last quarter. Financial Counselors Inc. raised its stake in shares of Adobe by 9.2% during the 1st quarter. Financial Counselors Inc. now owns 62,851 shares of the software company’s stock valued at $24,105,000 after buying an additional 5,298 shares during the last quarter. Finally, Jackson Thornton Wealth Management LLC purchased a new position in shares of Adobe during the 2nd quarter valued at about $328,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Trading Down 0.8%

ADBE stock opened at $337.47 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. Adobe Inc. has a 12-month low of $327.50 and a 12-month high of $557.90. The stock has a market cap of $141.26 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 1.51 and a beta of 1.49. The business’s 50-day moving average is $350.15 and its 200 day moving average is $368.81.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.18 by $0.13. The company had revenue of $5.99 billion for 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%.Adobe’s revenue was up 10.7% compared to the same quarter last year. During the same period in the previous 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, sell-side analysts anticipate that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on ADBE. Royal Bank Of Canada reduced their price objective on Adobe from $480.00 to $430.00 and set an “outperform” rating for the company in a research note on Monday, September 8th. Wall Street Zen upgraded Adobe from a “hold” rating to a “buy” rating in a research note on Sunday, October 26th. Barclays set a $465.00 price objective on Adobe and gave the company an “overweight” rating in a research note on Wednesday, October 29th. JMP Securities restated a “market perform” rating on shares of Adobe in a research note on Friday, September 12th. Finally, TD Cowen cut their price target on Adobe from $470.00 to $420.00 and set a “hold” rating for the company in a research note on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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.