Adobe Inc. $ADBE Stock Holdings Decreased by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC lowered its position in shares of Adobe Inc. (NASDAQ:ADBE) by 12.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,276 shares of the software company’s stock after selling 1,043 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Adobe were worth $2,815,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 1248 Management LLC purchased a new stake in shares of Adobe in the first quarter valued at $25,000. Flaharty Asset Management LLC acquired a new position in Adobe during the first quarter valued at $29,000. HHM Wealth Advisors LLC purchased a new stake in Adobe in the 1st quarter worth about $30,000. Nexus Investment Management ULC acquired a new stake in Adobe during the 2nd quarter worth about $31,000. Finally, Barnes Dennig Private Wealth Management LLC grew its stake in Adobe by 44.9% during the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 100 shares of the software company’s stock valued at $39,000 after acquiring an additional 31 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Price Performance

NASDAQ ADBE opened at $325.07 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $136.07 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 1.51 and a beta of 1.47. Adobe Inc. has a 12-month low of $323.03 and a 12-month high of $557.90. The company has a 50 day moving average price of $345.94 and a two-hundred day moving average price of $366.72.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $5.91 billion. During the same quarter in the prior year, the business posted $4.65 EPS. Adobe’s quarterly 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. As a group, equities analysts predict that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Insider Buying and Selling at Adobe

In other news, CAO Jillian Forusz sold 149 shares of the company’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $337.88, for a total transaction of $50,344.12. Following the completion of the sale, the chief accounting officer owned 3,426 shares in the company, valued at approximately $1,157,576.88. This represents a 4.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ADBE shares. Mizuho downgraded Adobe from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 24th. Melius downgraded shares of Adobe from a “hold” rating to a “sell” rating and set a $310.00 price objective on the stock. in a research report on Monday, August 11th. JMP Securities reiterated a “market perform” rating on shares of Adobe in a research note on Friday, September 12th. Evercore ISI decreased their target price on shares of Adobe from $475.00 to $450.00 and set an “outperform” rating for the company in a research note on Friday, September 12th. Finally, Citigroup lowered their price target on shares of Adobe from $450.00 to $400.00 and set a “neutral” rating on the stock in a report on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Adobe presently 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.