Trillium Asset Management LLC Sells 47,821 Shares of Adobe Inc. $ADBE

Trillium Asset Management LLC reduced its stake in Adobe Inc. (NASDAQ:ADBE) by 81.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 10,667 shares of the software company’s stock after selling 47,821 shares during the period. Trillium Asset Management LLC’s holdings in Adobe were worth $4,127,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Schmidt P J Investment Management Inc. raised its stake in Adobe by 2.9% in the first quarter. Schmidt P J Investment Management Inc. now owns 896 shares of the software company’s stock worth $344,000 after buying an additional 25 shares in the last quarter. GS Investments Inc. boosted its stake in Adobe by 0.3% during the first quarter. GS Investments Inc. now owns 7,563 shares of the software company’s stock worth $2,901,000 after acquiring an additional 26 shares in the last quarter. Ted Buchan & Co boosted its stake in Adobe by 1.9% during the first quarter. Ted Buchan & Co now owns 1,368 shares of the software company’s stock worth $525,000 after acquiring an additional 26 shares in the last quarter. Lifeworks Advisors LLC boosted its stake in Adobe by 3.6% during the first quarter. Lifeworks Advisors LLC now owns 786 shares of the software company’s stock worth $301,000 after acquiring an additional 27 shares in the last quarter. Finally, VanderPol Investments L.L.C. boosted its stake in Adobe by 5.2% during the first quarter. VanderPol Investments L.L.C. now owns 546 shares of the software company’s stock worth $209,000 after acquiring an additional 27 shares in the last quarter. 81.79% of the stock is owned by institutional investors.

Adobe Stock Up 0.1%

ADBE opened at $335.53 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. The firm has a 50 day moving average price of $349.35 and a 200-day moving average price of $368.49. Adobe Inc. has a twelve month low of $327.50 and a twelve month high of $557.90. The stock has a market capitalization of $140.45 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 1.51 and a beta of 1.49.

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 net margin of 30.01% and a return on equity of 57.54%. The firm had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.91 billion. During the same period in the previous year, the company earned $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. Equities research analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current year.

Insider Buying and Selling at Adobe

In other news, CAO Jillian Forusz sold 149 shares of the business’s 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on ADBE shares. Redburn Partners set a $280.00 price objective on shares of Adobe in a research note on Monday, September 1st. JMP Securities reaffirmed a “market perform” rating on shares of Adobe in a report on Friday, September 12th. Melius cut shares of Adobe from a “hold” rating to a “sell” rating and set a $310.00 target price for the company. in a report on Monday, August 11th. Morgan Stanley cut shares of Adobe from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $520.00 to $450.00 in a report on Wednesday, September 24th. Finally, Barclays set a $465.00 target price on shares of Adobe and gave the stock an “overweight” rating in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $433.41.

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.