Harbour Investments Inc. Has $1.31 Million Position in Adobe Inc. $ADBE

Harbour Investments Inc. cut its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 2.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,387 shares of the software company’s stock after selling 87 shares during the quarter. Harbour Investments Inc.’s holdings in Adobe were worth $1,310,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Brighton Jones LLC lifted its stake in shares of Adobe by 2.1% in the 4th 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. GAMMA Investing LLC lifted its stake in shares of Adobe by 22.3% in the 1st quarter. GAMMA Investing LLC now owns 7,798 shares of the software company’s stock valued at $2,991,000 after purchasing an additional 1,422 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Adobe by 3.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 115,461 shares of the software company’s stock valued at $44,283,000 after purchasing an additional 4,306 shares during the period. CWA Asset Management Group LLC lifted its stake in shares of Adobe by 36.1% in the 1st quarter. CWA Asset Management Group LLC now owns 2,598 shares of the software company’s stock valued at $996,000 after purchasing an additional 689 shares during the period. Finally, DecisionMap Wealth Management LLC lifted its stake in shares of Adobe by 14.2% in the 1st quarter. DecisionMap Wealth Management LLC now owns 1,696 shares of the software company’s stock valued at $650,000 after purchasing an additional 211 shares during the period. 81.79% of the stock is owned by institutional investors and hedge funds.

Adobe Stock Performance

Shares of ADBE opened at $333.26 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a 50 day moving average price of $350.99 and a two-hundred day moving average price of $368.86. The firm has a market capitalization of $139.50 billion, a P/E ratio of 20.76, a P/E/G ratio of 1.48 and a beta of 1.49. Adobe Inc. has a 52 week low of $327.50 and a 52 week high of $557.90.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, topping analysts’ consensus estimates of $5.18 by $0.13. The firm had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.91 billion. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the company posted $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. Equities analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ADBE has been the topic of a number of recent analyst reports. JMP Securities reissued a “market perform” rating on shares of Adobe in a research note on Friday, September 12th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Adobe in a research report on Wednesday, October 8th. Citigroup decreased their target price on Adobe from $450.00 to $400.00 and set a “neutral” rating for the company in a research report on Thursday, September 11th. BMO Capital Markets decreased their target price on Adobe from $450.00 to $405.00 and set an “outperform” rating for the company in a research report on Friday, September 12th. Finally, Wall Street Zen lowered Adobe from a “buy” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Adobe has a consensus rating of “Hold” and a consensus price target of $433.41.

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.