Appleton Partners Inc. MA Trims Stock Holdings in Adobe Inc. $ADBE

Appleton Partners Inc. MA decreased its position in Adobe Inc. (NASDAQ:ADBE) by 3.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,524 shares of the software company’s stock after selling 109 shares during the period. Appleton Partners Inc. MA’s holdings in Adobe were worth $1,363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 1248 Management LLC acquired a new stake in Adobe during the 1st quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Adobe during the 1st quarter worth about $26,000. Flaharty Asset Management LLC acquired a new stake in Adobe during the 1st quarter worth about $29,000. HHM Wealth Advisors LLC acquired a new stake in Adobe during the 1st quarter worth about $30,000. Finally, Garde Capital Inc. acquired a new stake in Adobe during the 1st quarter worth about $34,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Stock Performance

Shares of ADBE stock opened at $346.74 on Monday. The company has a market cap of $145.15 billion, a P/E ratio of 21.60, a PEG ratio of 1.55 and a beta of 1.49. The firm has a fifty day moving average price of $353.22 and a 200 day moving average price of $372.14. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. Adobe Inc. has a 12 month low of $330.04 and a 12 month high of $557.90.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results 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. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The company had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same period in the previous year, the business earned $4.65 EPS. Adobe’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. Sell-side analysts predict that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. JMP Securities reaffirmed a “market perform” rating on shares of Adobe in a research report on Friday, September 12th. BMO Capital Markets dropped their target price on Adobe from $450.00 to $405.00 and set an “outperform” rating on the stock in a research report on Friday, September 12th. Royal Bank Of Canada dropped their target price on Adobe from $480.00 to $430.00 and set an “outperform” rating on the stock in a research report on Monday, September 8th. Bank of America raised their target price on Adobe from $424.00 to $475.00 and gave the company a “buy” rating in a research report on Friday, June 13th. Finally, Robert W. Baird raised their target price on Adobe from $410.00 to $425.00 and gave the company a “neutral” rating in a research report on Monday, June 16th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently 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.