Nabity Jensen Investment Management Inc Sells 48 Shares of Adobe Inc. $ADBE

Nabity Jensen Investment Management Inc decreased its position in shares of Adobe Inc. (NASDAQ:ADBE) by 3.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,459 shares of the software company’s stock after selling 48 shares during the quarter. Nabity Jensen Investment Management Inc’s holdings in Adobe were worth $564,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ADBE. 1248 Management LLC purchased a new stake in shares of Adobe during the 1st quarter worth $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Adobe in the first quarter worth about $26,000. Flaharty Asset Management LLC purchased a new position in shares of Adobe in the first quarter worth about $29,000. HHM Wealth Advisors LLC purchased a new position in shares of Adobe in the first quarter worth about $30,000. Finally, Garde Capital Inc. purchased a new position in shares of Adobe in the first quarter worth about $34,000. Institutional investors own 81.79% of the company’s stock.

Analyst Upgrades and Downgrades

ADBE has been the topic of several research analyst reports. Robert W. Baird raised their price objective on Adobe from $410.00 to $425.00 and gave the company a “neutral” rating in a report on Monday, June 16th. Rothschild & Co Redburn lowered Adobe from a “neutral” rating to a “sell” rating and set a $280.00 price objective on the stock. in a report on Wednesday, July 2nd. Redburn Partners set a $280.00 price objective on Adobe in a report on Monday, September 1st. Wells Fargo & Company reissued an “overweight” rating and issued a $470.00 price objective (up from $430.00) on shares of Adobe in a report on Friday, June 13th. Finally, Bank of America raised their price objective on Adobe from $424.00 to $475.00 and gave the company a “buy” rating in a report on Friday, June 13th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Adobe currently has a consensus rating of “Hold” and a consensus target price of $433.41.

Adobe Price Performance

ADBE stock opened at $352.75 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $147.66 billion, a P/E ratio of 21.98, a P/E/G ratio of 1.61 and a beta of 1.48. The business’s 50-day moving average is $354.68 and its two-hundred day moving average is $373.21. Adobe Inc. has a 1 year low of $330.04 and a 1 year high of $557.90.

Adobe (NASDAQ:ADBE) last released 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. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The business had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.91 billion. During the same quarter in the prior year, the business posted $4.65 EPS. The business’s revenue for the quarter 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. Analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

About Adobe

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.