Members Trust Co Takes $219,000 Position in Adobe Inc. $ADBE

Members Trust Co bought a new stake in Adobe Inc. (NASDAQ:ADBE) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 566 shares of the software company’s stock, valued at approximately $219,000.

Other large investors have also recently made changes to their positions in the company. 1248 Management LLC acquired a new position in shares of Adobe in the 1st quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Adobe during the first quarter worth $26,000. Flaharty Asset Management LLC acquired a new position in Adobe during the first quarter worth $29,000. HHM Wealth Advisors LLC acquired a new position in Adobe during the first quarter worth $30,000. Finally, Nexus Investment Management ULC acquired a new position in Adobe during the second quarter worth $31,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Adobe Trading Up 4.1%

Shares of ADBE stock opened at $357.55 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $149.67 billion, a PE ratio of 22.28, a price-to-earnings-growth ratio of 1.54 and a beta of 1.49. The company has a 50-day moving average of $351.57 and a two-hundred day moving average of $368.64. Adobe Inc. has a 1-year low of $327.50 and a 1-year high of $557.90.

Adobe (NASDAQ:ADBE) last announced its earnings results 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. The company had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. Adobe’s revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the firm posted $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. On average, analysts predict that Adobe Inc. will post 16.65 EPS for the current year.

Analyst Ratings Changes

ADBE has been the subject of a number of research analyst reports. Citigroup reduced their price objective on shares of Adobe from $450.00 to $400.00 and set a “neutral” rating for the company in a research report on Thursday, September 11th. Weiss Ratings restated a “hold (c-)” rating on shares of Adobe in a research report on Wednesday, October 8th. Royal Bank Of Canada dropped their target price on shares of Adobe from $480.00 to $430.00 and set an “outperform” rating for the company in a report on Monday, September 8th. BMO Capital Markets dropped their price objective on shares of Adobe from $450.00 to $405.00 and set an “outperform” rating for the company in a report on Friday, September 12th. Finally, Barclays upped their price objective on shares of Adobe from $460.00 to $465.00 and gave the company an “overweight” rating in a report on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Adobe currently has an average rating of “Hold” and a consensus price target of $433.41.

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.