Wisconsin Wealth Advisors LLC Has $770,000 Stake in Adobe Inc. $ADBE

Wisconsin Wealth Advisors LLC raised its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 40.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,990 shares of the software company’s stock after acquiring an additional 572 shares during the quarter. Wisconsin Wealth Advisors LLC’s holdings in Adobe were worth $770,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. 1248 Management LLC bought a new position in shares of Adobe in the first quarter valued at about $25,000. LSV Asset Management lifted its holdings in Adobe by 350.0% in the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock valued at $28,000 after buying an additional 56 shares during the period. Flaharty Asset Management LLC acquired a new stake in Adobe during the 1st quarter worth $29,000. HHM Wealth Advisors LLC bought a new stake in Adobe in the first quarter valued at about $30,000. Finally, Nexus Investment Management ULC acquired a new stake in shares of Adobe in the 2nd quarter valued at approximately $31,000. 81.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ADBE has been the topic of several recent analyst reports. Evercore ISI reduced their target price on Adobe from $475.00 to $450.00 and set an “outperform” rating on the stock in a report on Friday, September 12th. Citigroup cut their price target 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. JMP Securities restated a “market perform” rating on shares of Adobe in a report on Friday, September 12th. TD Cowen lowered their target price on Adobe from $470.00 to $420.00 and set a “hold” rating for the company in a report on Friday, September 12th. Finally, Melius cut Adobe from a “hold” rating to a “sell” rating and set a $310.00 price objective for the company. in a research report on Monday, August 11th. One investment 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $433.41.

Adobe Stock Performance

Shares of NASDAQ:ADBE opened at $318.64 on Thursday. Adobe Inc. has a 12-month low of $315.17 and a 12-month high of $557.90. The company’s 50 day moving average price is $344.71 and its two-hundred day moving average price is $365.98. The firm has a market cap of $133.38 billion, a PE ratio of 19.85, a PEG ratio of 1.51 and a beta of 1.48. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results 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 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 prior year, the company earned $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. Equities research analysts predict that Adobe Inc. will post 16.65 earnings per share for the current year.

Insider Transactions at Adobe

In related news, CAO Jillian Forusz sold 149 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $337.88, for a total transaction of $50,344.12. Following the completion of the sale, the chief accounting officer owned 3,426 shares of the company’s stock, valued at $1,157,576.88. This trade represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.16% of the stock is currently owned by insiders.

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.