Bulltick Wealth Management LLC Has $4.06 Million Stock Position in Adobe Inc. $ADBE

Bulltick Wealth Management LLC reduced its position in shares of Adobe Inc. (NASDAQ:ADBE) by 32.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,484 shares of the software company’s stock after selling 5,010 shares during the period. Bulltick Wealth Management LLC’s holdings in Adobe were worth $4,056,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. 1248 Management LLC acquired a new position in shares of Adobe in the 1st quarter worth approximately $25,000. Flaharty Asset Management LLC bought a new position in Adobe in the 1st quarter valued at $29,000. HHM Wealth Advisors LLC acquired a new position in Adobe in the first quarter worth $30,000. Nexus Investment Management ULC bought a new stake in shares of Adobe during the second quarter worth $31,000. Finally, Barnes Dennig Private Wealth Management LLC grew its holdings in shares of Adobe by 44.9% during the second quarter. Barnes Dennig Private Wealth Management LLC now owns 100 shares of the software company’s stock worth $39,000 after purchasing an additional 31 shares during the last quarter. 81.79% of the stock is owned by institutional investors.

Insider Transactions at Adobe

In other Adobe news, CAO Jillian Forusz sold 149 shares of the stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of the sale, the chief accounting officer directly owned 3,426 shares in the company, valued at $1,157,576.88. This represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.16% of the company’s stock.

Adobe Stock Down 0.7%

Shares of NASDAQ ADBE opened at $331.11 on Monday. Adobe Inc. has a 52-week low of $323.03 and a 52-week 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. The stock has a market cap of $138.60 billion, a P/E ratio of 20.63, a P/E/G ratio of 1.51 and a beta of 1.47. The firm has a 50 day moving average price of $346.61 and a 200 day moving average price of $367.07.

Adobe (NASDAQ:ADBE) last announced its quarterly 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. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The company had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.91 billion. During the same period last year, the firm posted $4.65 earnings per share. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. 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 year.

Analyst Ratings Changes

A number of research firms recently issued reports on ADBE. DA Davidson reaffirmed a “buy” rating and issued a $500.00 price target on shares of Adobe in a report on Friday, September 12th. TD Cowen dropped their target price on shares of Adobe from $470.00 to $420.00 and set a “hold” rating for the company in a research note on Friday, September 12th. Redburn Partners set a $280.00 price target on shares of Adobe in a research note on Monday, September 1st. Weiss Ratings reissued a “hold (c-)” rating on shares of Adobe in a report on Wednesday, October 8th. Finally, Wall Street Zen downgraded Adobe from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target 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.