Colonial Trust Advisors Decreases Holdings in Adobe Inc. $ADBE

Colonial Trust Advisors reduced its position in Adobe Inc. (NASDAQ:ADBE) by 5.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,465 shares of the software company’s stock after selling 404 shares during the quarter. Colonial Trust Advisors’ holdings in Adobe were worth $2,888,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. 1248 Management LLC purchased a new position in Adobe during the 1st quarter worth $25,000. LSV Asset Management boosted its holdings in Adobe by 350.0% in the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after acquiring an additional 56 shares in the last quarter. Flaharty Asset Management LLC purchased a new stake in shares of Adobe during the first quarter worth about $29,000. HHM Wealth Advisors LLC purchased a new stake in shares of Adobe during the first quarter worth about $30,000. Finally, Nexus Investment Management ULC acquired a new position in shares of Adobe during the second quarter valued at about $31,000. 81.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. UBS Group lowered their target price on shares of Adobe from $400.00 to $375.00 and set a “neutral” rating for the company in a research note on Friday, September 12th. Cowen reiterated a “hold” rating on shares of Adobe in a research note on Wednesday, October 29th. Evercore ISI cut their target price on Adobe from $475.00 to $450.00 and set an “outperform” rating on the stock in a research report on Friday, September 12th. Wall Street Zen cut Adobe from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Barclays set a $465.00 price target on Adobe and gave the company an “overweight” rating in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $428.96.

Adobe Price Performance

Shares of ADBE opened at $317.52 on Friday. The business’s 50-day moving average is $340.32 and its two-hundred day moving average is $363.39. The company has a market capitalization of $132.91 billion, a P/E ratio of 19.78, a P/E/G ratio of 1.51 and a beta of 1.47. Adobe Inc. has a fifty-two week low of $311.58 and a fifty-two week high of $557.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.02.

Adobe (NASDAQ:ADBE) last issued 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. The firm had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.91 billion. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The company’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.65 earnings per share. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. Research analysts predict that Adobe Inc. will post 16.65 earnings per share for the current year.

Insider Activity at Adobe

In other news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 3,426 shares of the company’s stock, valued at $1,157,576.88. The trade was a 4.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is owned by insiders.

Adobe Company 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.