Adobe Inc. $ADBE Shares Sold by Ashton Thomas Private Wealth LLC

by · The Cerbat Gem

Ashton Thomas Private Wealth LLC decreased its stake in Adobe Inc. (NASDAQ:ADBE – Free Report) by 4.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,419 shares of the software company’s stock after selling 495 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Adobe were worth $4,418,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ADBE. Brighton Jones LLC grew its position in shares of Adobe by 2.1% in the fourth quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock valued at $3,588,000 after purchasing an additional 167 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Adobe by 2.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 159,514 shares of the software company’s stock worth $61,126,000 after buying an additional 4,164 shares in the last quarter. Joel Isaacson & Co. LLC lifted its stake in shares of Adobe by 11.0% in the first quarter. Joel Isaacson & Co. LLC now owns 1,012 shares of the software company’s stock worth $388,000 after buying an additional 100 shares in the last quarter. Sovran Advisors LLC lifted its stake in shares of Adobe by 80.9% in the first quarter. Sovran Advisors LLC now owns 3,034 shares of the software company’s stock worth $1,058,000 after buying an additional 1,357 shares in the last quarter. Finally, Root Financial Partners LLC lifted its stake in shares of Adobe by 26.4% in the first quarter. Root Financial Partners LLC now owns 762 shares of the software company’s stock worth $292,000 after buying an additional 159 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Price Performance

Adobe stock opened at $357.80 on Tuesday. The company’s 50 day simple moving average is $351.72 and its 200-day simple moving average is $368.91. The company has a market capitalization of $149.78 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 1.58 and a beta of 1.49. Adobe Inc. has a 1 year low of $327.50 and a 1 year high of $557.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.02.

Adobe (NASDAQ:ADBE – Get Free Report) last released its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.18 by $0.13. The business had revenue of $5.99 billion for the quarter, compared to the consensus estimate 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 period in the previous 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. As a group, equities research analysts expect that Adobe Inc. will post 16.65 earnings per share for the current year.

Wall Street Analyst Weigh In

ADBE has been the topic of several research reports. TD Cowen decreased their price target on shares of Adobe from $470.00 to $420.00 and set a “hold” rating on the stock in a research note on Friday, September 12th. UBS Group reduced their target price on shares of Adobe from $400.00 to $375.00 and set a “neutral” rating on the stock in a research note on Friday, September 12th. Redburn Atlantic downgraded shares of Adobe from a “hold” rating to a “strong sell” rating and reduced their target price for the stock from $420.00 to $280.00 in a research note on Wednesday, July 2nd. Redburn Partners set a $280.00 target price on shares of Adobe in a research note on Monday, September 1st. Finally, Mizuho downgraded shares of Adobe from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Adobe has an average rating of “Hold” and an average price target of $433.41.

View Our Latest Report on ADBE

Adobe Company Profile

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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.

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