Mitsubishi UFJ Asset Management Co. Ltd. Raises Position in Adobe Inc. $ADBE

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Adobe Inc. (NASDAQ:ADBE) by 4.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 850,650 shares of the software company’s stock after buying an additional 37,890 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Adobe were worth $329,099,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Adobe

In related 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 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 trade represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is currently owned by company insiders.

Adobe Stock Performance

Shares of NASDAQ ADBE opened at $326.95 on Friday. The stock has a market cap of $136.86 billion, a PE ratio of 20.37, a price-to-earnings-growth 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 has a fifty day moving average price of $348.22 and a 200-day moving average price of $368.09. 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 released its earnings results 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. The company had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. Adobe’s revenue for the quarter 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. Equities analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on ADBE shares. Wall Street Zen cut shares of Adobe from a “buy” rating to a “hold” rating in a research note on Saturday. Piper Sandler lowered their price objective on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a research report on Friday, September 12th. JMP Securities reaffirmed a “market perform” rating on shares of Adobe in a research report on Friday, September 12th. UBS Group lowered their price target on Adobe from $400.00 to $375.00 and set a “neutral” rating on the stock in a report on Friday, September 12th. Finally, Oppenheimer dropped their target price on Adobe from $500.00 to $460.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price 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.