Enterprise Bank & Trust Co Sells 30 Shares of Adobe Inc. $ADBE

Enterprise Bank & Trust Co lessened its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 1.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,183 shares of the software company’s stock after selling 30 shares during the period. Enterprise Bank & Trust Co’s holdings in Adobe were worth $845,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. RB Capital Management LLC boosted its holdings in shares of Adobe by 0.4% during the 4th quarter. RB Capital Management LLC now owns 4,944 shares of the software company’s stock valued at $2,198,000 after buying an additional 22 shares in the last quarter. Orin Green Financial LLC boosted its stake in Adobe by 3.8% in the 4th quarter. Orin Green Financial LLC now owns 621 shares of the software company’s stock worth $276,000 after purchasing an additional 23 shares in the last quarter. Schmidt P J Investment Management Inc. boosted its stake in Adobe by 2.9% in the 1st quarter. Schmidt P J Investment Management Inc. now owns 896 shares of the software company’s stock worth $344,000 after purchasing an additional 25 shares in the last quarter. Second Line Capital LLC boosted its stake in Adobe by 3.5% in the 4th quarter. Second Line Capital LLC now owns 768 shares of the software company’s stock worth $342,000 after purchasing an additional 26 shares in the last quarter. Finally, Vista Investment Management boosted its stake in Adobe by 3.1% in the 4th quarter. Vista Investment Management now owns 875 shares of the software company’s stock worth $389,000 after purchasing an additional 26 shares in the last quarter. Institutional investors own 81.79% of the company’s stock.

Adobe Price Performance

NASDAQ ADBE opened at $349.36 on Friday. The company has a 50-day moving average price of $357.32 and a 200-day moving average price of $379.37. Adobe Inc. has a 52 week low of $330.04 and a 52 week high of $557.90. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $148.20 billion, a P/E ratio of 21.77, a PEG ratio of 1.66 and a beta of 1.48.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share 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 56.30%. The firm had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.91 billion. During the same quarter in the prior year, the business earned $4.65 EPS. The business’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. Equities research analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Mizuho dropped their price target on shares of Adobe from $530.00 to $460.00 and set an “outperform” rating on the stock in a research note on Monday, September 8th. Stifel Nicolaus dropped their price target on shares of Adobe from $525.00 to $480.00 and set a “buy” rating on the stock in a research note on Friday, June 13th. Redburn Partners set a $280.00 price target on shares of Adobe in a research note on Monday, September 1st. JMP Securities reiterated a “market perform” rating on shares of Adobe in a research note on Friday. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $470.00 target price (up previously from $430.00) on shares of Adobe in a research report on Friday, June 13th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Adobe has an average rating of “Moderate Buy” and a consensus price target of $435.63.

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.