Nordwand Advisors LLC Invests $463,000 in Adobe Inc. $ADBE

Nordwand Advisors LLC acquired a new position in Adobe Inc. (NASDAQ:ADBE) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 1,197 shares of the software company’s stock, valued at approximately $463,000.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in Adobe by 2.1% during the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock valued at $3,588,000 after acquiring an additional 167 shares in the last quarter. AMG National Trust Bank grew its stake in shares of Adobe by 25.0% in the first quarter. AMG National Trust Bank now owns 2,236 shares of the software company’s stock worth $858,000 after purchasing an additional 447 shares in the last quarter. Kestra Private Wealth Services LLC increased its holdings in shares of Adobe by 0.5% during the first quarter. Kestra Private Wealth Services LLC now owns 13,340 shares of the software company’s stock valued at $5,116,000 after purchasing an additional 69 shares during the period. IFP Advisors Inc increased its holdings in shares of Adobe by 2.0% during the first quarter. IFP Advisors Inc now owns 5,848 shares of the software company’s stock valued at $2,243,000 after purchasing an additional 112 shares during the period. Finally, Wealth Alliance LLC raised its stake in shares of Adobe by 5.7% during the first quarter. Wealth Alliance LLC now owns 2,084 shares of the software company’s stock valued at $799,000 after purchasing an additional 113 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Adobe

In related news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction on Friday, October 31st. The stock was sold at an average price of $337.88, for a total value of $50,344.12. Following the transaction, the chief accounting officer directly owned 3,426 shares in the company, valued at $1,157,576.88. The trade was a 4.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.16% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ADBE has been the subject of a number of recent analyst reports. Mizuho lowered shares of Adobe from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 24th. Royal Bank Of Canada reduced their price target on shares of Adobe from $480.00 to $430.00 and set an “outperform” rating for the company in a research note on Monday, September 8th. Wall Street Zen cut shares of Adobe from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Oppenheimer lowered their price objective on shares of Adobe from $500.00 to $460.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 9th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $405.00 target price on shares of Adobe in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $433.41.

Adobe Stock Down 1.8%

NASDAQ ADBE opened at $325.07 on Tuesday. Adobe Inc. has a 12 month low of $323.03 and a 12 month high of $557.90. The company has a market capitalization of $136.07 billion, a P/E ratio of 20.25, a PEG ratio of 1.51 and a beta of 1.47. The company’s 50 day simple moving average is $345.94 and its 200 day simple moving average is $366.72. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02.

Adobe (NASDAQ:ADBE) last issued its earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share 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 analysts’ expectations of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the firm posted $4.65 earnings per share. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. Equities research analysts expect that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

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.