Premier Path Wealth Partners LLC Has $1.68 Million Position in Adobe Inc. $ADBE

Premier Path Wealth Partners LLC cut its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 5.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,334 shares of the software company’s stock after selling 248 shares during the period. Premier Path Wealth Partners LLC’s holdings in Adobe were worth $1,677,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Schmidt P J Investment Management Inc. lifted its holdings in shares of Adobe by 2.9% during the first quarter. Schmidt P J Investment Management Inc. now owns 896 shares of the software company’s stock worth $344,000 after purchasing an additional 25 shares during the period. GS Investments Inc. raised its position in Adobe by 0.3% during the 1st quarter. GS Investments Inc. now owns 7,563 shares of the software company’s stock worth $2,901,000 after purchasing an additional 26 shares during the last quarter. Ted Buchan & Co raised its position in Adobe by 1.9% during the 1st quarter. Ted Buchan & Co now owns 1,368 shares of the software company’s stock worth $525,000 after purchasing an additional 26 shares during the last quarter. Lifeworks Advisors LLC lifted its holdings in Adobe by 3.6% during the 1st quarter. Lifeworks Advisors LLC now owns 786 shares of the software company’s stock worth $301,000 after buying an additional 27 shares during the period. Finally, VanderPol Investments L.L.C. grew its position in shares of Adobe by 5.2% in the 1st quarter. VanderPol Investments L.L.C. now owns 546 shares of the software company’s stock valued at $209,000 after buying an additional 27 shares during the last quarter. 81.79% of the stock is owned by institutional investors.

Adobe Trading Down 6.1%

NASDAQ:ADBE opened at $337.86 on Thursday. Adobe Inc. has a 12 month low of $327.50 and a 12 month high of $557.90. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $141.43 billion, a price-to-earnings ratio of 21.05, a PEG ratio of 1.61 and a beta of 1.49. The firm has a fifty day simple moving average of $351.39 and a two-hundred day simple moving average of $368.87.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 30.01% and a return on equity of 57.54%. The business’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm 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. Analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ADBE has been the subject of a number of analyst reports. JMP Securities restated a “market perform” rating on shares of Adobe in a research report on Friday, September 12th. Redburn Partners set a $280.00 target price on shares of Adobe in a research report on Monday, September 1st. Mizuho lowered shares of Adobe from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 24th. TD Cowen dropped their target price on shares of Adobe from $470.00 to $420.00 and set a “hold” rating on the stock in a report on Friday, September 12th. Finally, Wall Street Zen raised Adobe from a “hold” rating to a “buy” rating in a research note on Sunday. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average 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.