Vise Technologies Inc. Takes $8.14 Million Position in Adobe Inc. $ADBE

Vise Technologies Inc. acquired a new position in Adobe Inc. (NASDAQ:ADBE) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 21,046 shares of the software company’s stock, valued at approximately $8,142,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ADBE. Brighton Jones LLC raised its position in Adobe by 2.1% during the fourth quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock valued at $3,588,000 after acquiring an additional 167 shares in the last quarter. Ballentine Partners LLC increased its holdings in shares of Adobe by 14.8% during the 1st quarter. Ballentine Partners LLC now owns 8,082 shares of the software company’s stock valued at $3,099,000 after purchasing an additional 1,041 shares in the last quarter. BankPlus Trust Department increased its holdings in shares of Adobe by 8,100.0% during the 1st quarter. BankPlus Trust Department now owns 164 shares of the software company’s stock valued at $63,000 after purchasing an additional 162 shares in the last quarter. Stephens Inc. AR lifted its stake in shares of Adobe by 2.5% in the 1st quarter. Stephens Inc. AR now owns 47,011 shares of the software company’s stock valued at $18,030,000 after purchasing an additional 1,149 shares during the period. Finally, TruNorth Capital Management LLC boosted its holdings in Adobe by 123.0% during the first quarter. TruNorth Capital Management LLC now owns 223 shares of the software company’s stock worth $86,000 after buying an additional 123 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Adobe news, CAO Jillian Forusz sold 149 shares of the business’s stock in a transaction 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 transaction, the chief accounting officer owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. The trade was a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.16% of the company’s stock.

Adobe Price Performance

Adobe stock opened at $326.95 on Monday. The company has a fifty day simple moving average of $348.22 and a 200-day simple moving average of $368.33. The firm has a market capitalization of $136.86 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 1.51 and a beta of 1.47. 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 Inc. has a 52-week low of $323.03 and a 52-week high of $557.90.

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on ADBE. JMP Securities reaffirmed a “market perform” rating on shares of Adobe in a report on Friday, September 12th. 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. Piper Sandler reduced their price target on Adobe from $500.00 to $470.00 and set an “overweight” rating for the company in a report on Friday, September 12th. UBS Group dropped their price objective on Adobe from $400.00 to $375.00 and set a “neutral” rating on the stock in a report on Friday, September 12th. Finally, DA Davidson reaffirmed a “buy” rating and set a $500.00 target price on shares of Adobe in a research note on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, 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.