IFM Investors Pty Ltd Grows Position in Adobe Inc. $ADBE

IFM Investors Pty Ltd raised its stake in Adobe Inc. (NASDAQ:ADBE) by 1.6% during the second quarter, HoldingsChannel.com reports. The fund owned 86,798 shares of the software company’s stock after purchasing an additional 1,344 shares during the quarter. IFM Investors Pty Ltd’s holdings in Adobe were worth $33,580,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ADBE. Garde Capital Inc. bought a new position in shares of Adobe during the 1st quarter valued at approximately $34,000. PFG Advisors raised its stake in shares of Adobe by 20.8% in the first quarter. PFG Advisors now owns 4,964 shares of the software company’s stock valued at $1,904,000 after acquiring an additional 855 shares during the period. Krane Funds Advisors LLC lifted its holdings in shares of Adobe by 110.4% in the 1st quarter. Krane Funds Advisors LLC now owns 1,391 shares of the software company’s stock worth $533,000 after acquiring an additional 730 shares during the last quarter. Financial Counselors Inc. grew its holdings in Adobe by 9.2% during the 1st quarter. Financial Counselors Inc. now owns 62,851 shares of the software company’s stock valued at $24,105,000 after purchasing an additional 5,298 shares during the last quarter. Finally, Koss Olinger Consulting LLC purchased a new stake in Adobe in the 1st quarter worth about $305,000. Institutional investors own 81.79% of the company’s stock.

Adobe Stock Up 1.5%

ADBE stock opened at $367.46 on Friday. 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 1.02 and a debt-to-equity ratio of 0.53. The firm has a 50-day simple moving average of $355.83 and a 200-day simple moving average of $377.53. The stock has a market capitalization of $155.88 billion, a P/E ratio of 22.89, a P/E/G ratio of 1.62 and a beta of 1.48.

Adobe (NASDAQ:ADBE) last announced its earnings results on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, beating analysts’ consensus estimates of $5.18 by $0.13. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The business had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.91 billion. During the same quarter in the prior year, the firm earned $4.65 earnings per share. The business’s 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. Equities analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on ADBE shares. Piper Sandler cut their target price on Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a research note on Friday, September 12th. Citigroup dropped their target price on shares of Adobe from $450.00 to $400.00 and set a “neutral” rating on the stock in a research report on Thursday, September 11th. Redburn Atlantic downgraded Adobe from a “hold” rating to a “strong sell” rating and decreased their target price for the stock from $420.00 to $280.00 in a report on Wednesday, July 2nd. Evercore ISI decreased their price target on Adobe from $475.00 to $450.00 and set an “outperform” rating for the company in a report on Friday, September 12th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Adobe in a report on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $435.63.

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.