Adobe Inc. $ADBE Shares Acquired by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. boosted its holdings in Adobe Inc. (NASDAQ:ADBE) by 22.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 9,445 shares of the software company’s stock after buying an additional 1,740 shares during the period. Mufg Securities Americas Inc.’s holdings in Adobe were worth $3,654,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. 1248 Management LLC acquired a new position in shares of Adobe during the 1st quarter valued at $25,000. LSV Asset Management lifted its stake in shares of Adobe by 350.0% during the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after purchasing an additional 56 shares in the last quarter. Flaharty Asset Management LLC purchased a new stake in shares of Adobe in the first quarter worth about $29,000. HHM Wealth Advisors LLC acquired a new stake in shares of Adobe in the first quarter valued at about $30,000. Finally, Nexus Investment Management ULC purchased a new stake in shares of Adobe during the 2nd quarter valued at about $31,000. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ADBE shares. Wells Fargo & Company decreased their price target on Adobe from $470.00 to $420.00 and set an “overweight” rating for the company in a report on Thursday. Oppenheimer lowered their price target on shares of Adobe from $500.00 to $460.00 and set an “outperform” rating for the company in a report on Tuesday, September 9th. Barclays set a $465.00 price objective on shares of Adobe and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Cowen reaffirmed a “hold” rating on shares of Adobe in a research report on Wednesday, October 29th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $405.00 price target on shares of Adobe in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $428.96.

Insiders Place Their Bets

In other Adobe news, CAO Jillian Forusz sold 149 shares of the business’s stock in a transaction on Friday, October 31st. The shares were 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 $1,157,576.88. The trade was a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is currently owned by insiders.

Adobe Stock Up 3.8%

NASDAQ:ADBE opened at $324.19 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $135.71 billion, a price-to-earnings ratio of 20.20, a price-to-earnings-growth ratio of 1.51 and a beta of 1.47. Adobe Inc. has a one year low of $311.58 and a one year high of $557.90. The stock has a 50-day simple moving average of $343.44 and a 200 day simple moving average of $365.22.

Adobe (NASDAQ:ADBE) last released its earnings results on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, topping analysts’ consensus estimates of $5.18 by $0.13. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The company had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.91 billion. During the same quarter last year, the business posted $4.65 EPS. Adobe’s quarterly revenue was up 10.7% compared to the same quarter last year. 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 EPS 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.