<div id="readability-page-1"><p>Focus Partners Wealth lowered its stake in shares of  Adobe Inc. (NASDAQ:ADBE - Free Report) by 42.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 44,978 shares of the software company's stock after selling 33,753 shares during the period. Focus Partners Wealth's holdings in Adobe were worth $17,252,000 at the end of the most recent reporting period.</p><ul><li>Adobe’s Rebound Has Room to Run: 25% Upside by Year-End</li></ul><p>A number of other hedge funds have also recently made changes to their positions in ADBE. Siemens Fonds Invest GmbH boosted its position in shares of  Adobe by 252.9% during the 4th quarter. Siemens Fonds Invest GmbH now owns 55,658 shares of the software company's stock worth $25,000 after purchasing an additional 39,888 shares during the period.  1248 Management LLC purchased a new position in  Adobe in the 1st quarter valued at approximately $25,000.  Barnes Dennig Private Wealth Management LLC purchased a new position in  Adobe in the 1st quarter valued at approximately $26,000.  SWAN Capital LLC purchased a new position in  Adobe in the 4th quarter valued at approximately $28,000.  Finally, Copia Wealth Management purchased a new position in  Adobe in the 4th quarter valued at approximately $28,000. Hedge funds and other institutional investors own  81.79% of the company's stock. </p><h2>Adobe Price Performance</h2><p>Shares of ADBE opened at $349.36 on Friday. Adobe Inc. has a twelve month low of $330.04 and a twelve month high of $557.90. The firm's fifty day simple moving average is $357.32 and its 200-day simple moving average is $379.80. The firm has a market capitalization of $148.20 billion, a price-to-earnings ratio of 21.77, a PEG ratio of 1.66 and a beta of 1.48. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. </p><ul><li>Should You Buy Figma Stock After Its 55% Post-IPO Drop?</li></ul><p>Adobe (NASDAQ:ADBE - Get Free Report) last announced its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, beating analysts' consensus estimates of $5.18 by $0.13. Adobe had a net margin of 30.01% and a return on equity of 56.30%. The business had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.91 billion. During the same period last year, the business earned $4.65 EPS. The company's revenue 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. Equities analysts forecast that  Adobe Inc. will post 16.65 EPS for the current fiscal year. </p><h2>Wall Street Analysts Forecast Growth</h2><p>Several equities analysts have commented on the stock. Redburn Partners  set a $280.00 price target on shares of Adobe in a research report on Monday, September 1st. Rothschild &amp; Co Redburn cut shares of Adobe from a &#34;neutral&#34; rating to a &#34;sell&#34; rating and set a $280.00 price target for the company. in a research report on Wednesday, July 2nd. Evercore ISI decreased their price target on shares of Adobe from $475.00 to $450.00 and set an &#34;outperform&#34; rating for the company in a research report on Friday. Redburn Atlantic cut shares of Adobe from a &#34;hold&#34; rating to a &#34;strong sell&#34; rating and decreased their price target for the company from $420.00 to $280.00 in a research report on Wednesday, July 2nd. Finally, Phillip Securities upgraded shares of Adobe from a &#34;moderate sell&#34; rating to a &#34;strong-buy&#34; rating in a report on Monday, June 16th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have given a Hold rating and three have assigned  a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $435.63.</p><ul><li>3 Undervalued Stocks Poised to Shine in the Next Market Rally</li></ul><p><b>View Our Latest Research Report on ADBE</b></p><h2>About Adobe</h2> (Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Adobe</li><li>3 Tickers Leading a Meme Stock Revival</li><li>Tesla's U.S. Market Is At An 8-Year Low... How Bad Could It Get?</li><li>Retail Stocks Investing, Explained</li><li>Congress: The Biggest Trades Impacting Markets Today</li><li>What Are Treasury Bonds?</li><li>3 Companies Boosting Buybacks While Others Pull Back</li></ul><p><strong>Want to see what other hedge funds are holding ADBE?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Adobe Inc. (NASDAQ:ADBE - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QURCRQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QURCRQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Adobe Right Now?</h2><p>Before you consider Adobe, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Adobe wasn't on the list.</p><p>While Adobe currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

ADBE

<p>Focus Partners Wealth reduced its stake in Adobe Inc. (NASDAQ: ADBE) by 42.9% in Q1, now holding 44,978 shares after selling 33,753 shares. The value of its holdings was approximately $17.25 million. Other hedge funds have also adjusted their positions in Adobe. The company's stock opened at $349.36, with a 12-month range of $330.04 to $557.90. Adobe reported Q3 earnings of $5.31 per share, exceeding estimates, and projected FY 2025 EPS guidance of 20.800-20.850. Analysts have mixed ratings on the stock, with a consensus target price of $435.63.</p>

- Focus Partners Wealth reduced its stake in Adobe Inc. by 42.9%, holding 44,978 shares valued at $17.25 million after selling 33,753 shares.  
- Adobe reported earnings of $5.31 per share, exceeding estimates, with revenue of $5.99 billion, reflecting a 10.7% year-over-year increase.  
- Analysts maintain a "Moderate Buy" rating for Adobe, with a consensus target price of $435.63, despite some downgrades and varying price targets from different firms.

Focus Partners Wealth Lowers Stake in Adobe Inc. $ADBE