First Western Trust Bank Lowers Stock Position in Adobe Inc. $ADBE

First Western Trust Bank cut its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 7.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,327 shares of the software company’s stock after selling 441 shares during the period. First Western Trust Bank’s holdings in Adobe were worth $2,061,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. ABN Amro Investment Solutions purchased a new position in shares of Adobe during the 2nd quarter worth approximately $11,100,000. Smithfield Trust Co raised its position in Adobe by 24.9% in the second quarter. Smithfield Trust Co now owns 3,205 shares of the software company’s stock valued at $1,237,000 after purchasing an additional 638 shares during the period. Breed s Hill Capital LLC lifted its stake in Adobe by 2.9% during the second quarter. Breed s Hill Capital LLC now owns 1,204 shares of the software company’s stock worth $466,000 after purchasing an additional 34 shares in the last quarter. Impax Asset Management Group plc boosted its position in shares of Adobe by 458.2% during the second quarter. Impax Asset Management Group plc now owns 12,654 shares of the software company’s stock worth $4,896,000 after buying an additional 10,387 shares during the period. Finally, Calamos Advisors LLC grew its stake in shares of Adobe by 0.9% in the second quarter. Calamos Advisors LLC now owns 78,278 shares of the software company’s stock valued at $30,284,000 after buying an additional 664 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ADBE. Piper Sandler decreased their target price on Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a research note on Friday, September 12th. Wall Street Zen lowered shares of Adobe from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Barclays set a $465.00 price objective on shares of Adobe and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Evercore ISI dropped their price objective on shares of Adobe from $475.00 to $450.00 and set an “outperform” rating for the company in a report on Friday, September 12th. Finally, Mizuho lowered shares of Adobe from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $433.41.

Adobe Stock Up 1.1%

ADBE stock opened at $337.05 on Thursday. The company’s 50 day moving average price is $347.18 and its 200 day moving average price is $367.65. The firm has a market capitalization of $141.09 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 1.51 and a beta of 1.47. Adobe Inc. has a fifty-two week low of $323.03 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 posted 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. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The company had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.91 billion. During the same quarter in the previous year, the business posted $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. On average, equities research analysts anticipate that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Insider Activity at Adobe

In related 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 transaction, the chief accounting officer owned 3,426 shares in the company, valued at approximately $1,157,576.88. The trade was a 4.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.16% of the company’s stock.

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.