Adobe Inc. $ADBE Shares Sold by Ransom Advisory Ltd

Ransom Advisory Ltd lessened its stake in Adobe Inc. (NASDAQ:ADBE) by 7.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 2,445 shares of the software company’s stock after selling 200 shares during the period. Ransom Advisory Ltd’s holdings in Adobe were worth $946,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Siemens Fonds Invest GmbH grew its stake in shares of Adobe by 252.9% in the fourth quarter. Siemens Fonds Invest GmbH now owns 55,658 shares of the software company’s stock worth $25,000 after acquiring an additional 39,888 shares in the last quarter. 1248 Management LLC acquired a new position in shares of Adobe in the first quarter worth $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Adobe in the first quarter worth $26,000. SWAN Capital LLC acquired a new position in shares of Adobe in the fourth quarter worth $28,000. Finally, Copia Wealth Management acquired a new position in shares of Adobe in the fourth quarter worth $28,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Rothschild & Co Redburn downgraded shares of Adobe from a “neutral” rating to a “sell” rating and set a $280.00 price target for the company. in a research note on Wednesday, July 2nd. Stifel Nicolaus dropped their price target on shares of Adobe from $525.00 to $480.00 and set a “buy” rating for the company in a research note on Friday, June 13th. JMP Securities restated a “market perform” rating on shares of Adobe in a research note on Friday. Barclays boosted their target price on shares of Adobe from $460.00 to $465.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Redburn Partners set a $280.00 target price on shares of Adobe in a research note on Monday, September 1st. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $435.63.

Adobe Price Performance

Shares of ADBE opened at $349.36 on Monday. Adobe Inc. has a 1-year low of $330.04 and a 1-year high of $557.90. The stock has a market cap of $148.20 billion, a PE ratio of 21.77, a price-to-earnings-growth ratio of 1.65 and a beta of 1.48. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 0.99. The firm has a fifty day moving average price of $357.32 and a 200 day moving average price of $378.97.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, beating analysts’ consensus estimates 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. Adobe’s quarterly revenue was up 10.7% compared to the same quarter last year. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. As a group, sell-side analysts anticipate that Adobe Inc. will post 16.65 EPS for the current year.

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.