Mitsubishi UFJ Trust & Banking Corp Increases Stock Position in Adobe Inc. $ADBE

Mitsubishi UFJ Trust & Banking Corp lifted its stake in Adobe Inc. (NASDAQ:ADBE) by 2.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 304,923 shares of the software company’s stock after acquiring an additional 6,533 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Adobe were worth $117,969,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 1248 Management LLC purchased a new stake in Adobe during the 1st quarter valued at $25,000. Flaharty Asset Management LLC purchased a new position in shares of Adobe in the 1st quarter worth $29,000. HHM Wealth Advisors LLC bought a new stake in shares of Adobe in the first quarter worth $30,000. Nexus Investment Management ULC purchased a new stake in Adobe during the second quarter valued at $31,000. Finally, Barnes Dennig Private Wealth Management LLC lifted its holdings in Adobe by 44.9% in the second 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 during the period. Institutional investors own 81.79% of the company’s stock.

Wall Street Analysts Forecast Growth

ADBE has been the subject of a number of recent research reports. Weiss Ratings restated a “hold (c-)” rating on shares of Adobe in a research note on Wednesday, October 8th. BMO Capital Markets reissued an “outperform” rating and issued a $405.00 price objective on shares of Adobe in a report on Wednesday, October 29th. Morgan Stanley cut shares of Adobe from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $520.00 to $450.00 in a report on Wednesday, September 24th. Cowen reiterated a “hold” rating on shares of Adobe in a research report on Wednesday, October 29th. Finally, Royal Bank Of Canada cut their price objective on shares of Adobe from $480.00 to $430.00 and set an “outperform” rating for the company in a research report on Monday, September 8th. One equities research 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $433.41.

Insider Buying and Selling

In other news, CAO Jillian Forusz sold 149 shares of the business’s 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Adobe Price Performance

Shares of NASDAQ:ADBE opened at $333.22 on Wednesday. The company has a market capitalization of $139.49 billion, a P/E ratio of 20.76, a P/E/G ratio of 1.51 and a beta of 1.47. Adobe Inc. has a 1-year low of $323.03 and a 1-year high of $557.90. The firm’s 50 day simple moving average is $347.41 and its two-hundred day simple moving average is $367.86. 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 announced its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, beating 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 firm had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.91 billion. During the same period last year, the firm 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. Research analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.

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.