Missouri Trust & Investment Co Decreases Stock Holdings in Adobe Inc. $ADBE

Missouri Trust & Investment Co lowered its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 14.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,361 shares of the software company’s stock after selling 415 shares during the quarter. Missouri Trust & Investment Co’s holdings in Adobe were worth $913,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in shares of Adobe by 46,806.6% in the 1st quarter. GAMMA Investing LLC now owns 2,990,767 shares of the software company’s stock valued at $1,147,049,000 after purchasing an additional 2,984,391 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Adobe by 308.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,109,436 shares of the software company’s stock valued at $1,202,979,000 after buying an additional 2,347,562 shares during the period. Goldman Sachs Group Inc. lifted its position in Adobe by 68.3% in the first quarter. Goldman Sachs Group Inc. now owns 4,575,792 shares of the software company’s stock worth $1,754,954,000 after buying an additional 1,856,544 shares during the last quarter. Nuveen LLC bought a new stake in Adobe in the first quarter worth $607,443,000. Finally, OVERSEA CHINESE BANKING Corp Ltd boosted its stake in Adobe by 1,482.7% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,298,389 shares of the software company’s stock worth $498,000 after buying an additional 1,216,351 shares during the period. 81.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ADBE has been the subject of several analyst reports. Robert W. Baird raised their target price on shares of Adobe from $410.00 to $425.00 and gave the stock a “neutral” rating in a report on Monday, June 16th. Royal Bank Of Canada decreased their price objective on shares of Adobe from $480.00 to $430.00 and set an “outperform” rating for the company in a research note on Monday, September 8th. Stifel Nicolaus dropped their target price on Adobe from $525.00 to $480.00 and set a “buy” rating for the company in a research report on Friday, June 13th. Mizuho reduced their price target on Adobe from $530.00 to $460.00 and set an “outperform” rating on the stock in a report on Monday, September 8th. Finally, DA Davidson reissued a “buy” rating and set a $500.00 price target on shares of Adobe in a research note on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $433.41.

Adobe Price Performance

ADBE opened at $353.27 on Thursday. The company has a market capitalization of $149.86 billion, a price-to-earnings ratio of 22.01, a PEG ratio of 1.62 and a beta of 1.48. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.53. Adobe Inc. has a 12-month low of $330.04 and a 12-month high of $557.90. The business’s fifty day simple moving average is $355.60 and its 200-day simple moving average is $375.14.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data 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 return on equity of 57.54% and a net margin of 30.01%.The firm had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same period in the previous year, the company posted $4.65 earnings per share. The firm’s quarterly 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 earnings per share for the current fiscal year.

About Adobe

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.