Sunflower Bank N.A. Grows Stock Position in Adobe Inc. $ADBE

Sunflower Bank N.A. lifted its stake in Adobe Inc. (NASDAQ:ADBE) by 31.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,347 shares of the software company’s stock after purchasing an additional 322 shares during the period. Sunflower Bank N.A.’s holdings in Adobe were worth $521,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sivia Capital Partners LLC boosted its holdings in Adobe by 25.5% in the second quarter. Sivia Capital Partners LLC now owns 2,394 shares of the software company’s stock valued at $926,000 after purchasing an additional 486 shares during the period. Intelligence Driven Advisers LLC lifted its holdings in Adobe by 28.1% during the 2nd quarter. Intelligence Driven Advisers LLC now owns 1,325 shares of the software company’s stock worth $513,000 after buying an additional 291 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in Adobe by 2.3% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 17,243 shares of the software company’s stock worth $6,671,000 after buying an additional 383 shares during the last quarter. Lineweaver Wealth Advisors LLC purchased a new stake in Adobe during the 2nd quarter worth about $201,000. Finally, Radnor Capital Management LLC lifted its holdings in Adobe by 36.0% during the 2nd quarter. Radnor Capital Management LLC now owns 6,427 shares of the software company’s stock worth $2,486,000 after buying an additional 1,700 shares during the last quarter. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ADBE has been the subject of a number of recent analyst reports. Piper Sandler decreased their price target on Adobe from $500.00 to $470.00 and set an “overweight” rating for the company in a report on Friday, September 12th. TD Cowen decreased their price target on Adobe from $470.00 to $420.00 and set a “hold” rating for the company in a report on Friday, September 12th. Stifel Nicolaus decreased their price target on Adobe from $525.00 to $480.00 and set a “buy” rating for the company in a report on Friday, June 13th. DA Davidson reaffirmed a “buy” rating and set a $500.00 price target on shares of Adobe in a report on Friday, September 12th. Finally, Wall Street Zen upgraded Adobe from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $435.63.

Adobe Price Performance

Shares of NASDAQ:ADBE opened at $362.07 on Thursday. The business’s 50 day simple moving average is $355.91 and its 200-day simple moving average is $378.04. The firm has a market capitalization of $153.59 billion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 0.99. Adobe Inc. has a 12 month low of $330.04 and a 12 month high of $557.90.

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. The business had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.91 billion. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.65 EPS. 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 forecast 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.