MTM Investment Management LLC Purchases New Stake in Adobe Inc. $ADBE

MTM Investment Management LLC acquired a new position in shares of Adobe Inc. (NASDAQ:ADBE) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 200 shares of the software company’s stock, valued at approximately $77,000.

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

Adobe Price Performance

Shares of NASDAQ:ADBE opened at $331.11 on Monday. Adobe Inc. has a 1-year low of $323.03 and a 1-year high of $557.90. The firm has a market capitalization of $138.60 billion, a PE ratio of 20.63, a PEG ratio of 1.51 and a beta of 1.47. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. The business’s 50 day moving average is $346.61 and its 200-day moving average is $367.07.

Adobe (NASDAQ:ADBE) last issued its earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share 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 business had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.91 billion. During the same period in the previous year, the business earned $4.65 EPS. The firm’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. Sell-side analysts predict that Adobe Inc. will post 16.65 earnings per share for the current year.

Insider Buying and Selling at Adobe

In other news, CAO Jillian Forusz sold 149 shares of the stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of the transaction, the chief accounting officer directly owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. This represents a 4.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

ADBE has been the topic of several research analyst reports. TD Cowen lowered their target price on shares of Adobe from $470.00 to $420.00 and set a “hold” rating on the stock in a research note on Friday, September 12th. BMO Capital Markets reiterated an “outperform” rating and issued a $405.00 price objective on shares of Adobe in a report on Wednesday, October 29th. Barclays set a $465.00 target price on Adobe and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Morgan Stanley downgraded Adobe from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $520.00 to $450.00 in a research note on Wednesday, September 24th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Adobe in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently 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.