Adobe Inc. $ADBE Shares Purchased by Triodos Investment Management BV

Triodos Investment Management BV lifted its holdings in Adobe Inc. (NASDAQ:ADBE) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 85,937 shares of the software company’s stock after acquiring an additional 200 shares during the quarter. Adobe accounts for 2.5% of Triodos Investment Management BV’s holdings, making the stock its 17th biggest position. Triodos Investment Management BV’s holdings in Adobe were worth $33,233,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ADBE. Brighton Jones LLC increased its stake in shares of Adobe by 2.1% in the fourth quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock worth $3,588,000 after acquiring an additional 167 shares during the period. Wedge Capital Management L L P NC boosted its holdings in Adobe by 4.4% during the first quarter. Wedge Capital Management L L P NC now owns 859 shares of the software company’s stock worth $329,000 after buying an additional 36 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in Adobe by 14.1% during the first quarter. Wealthcare Advisory Partners LLC now owns 6,359 shares of the software company’s stock worth $2,439,000 after buying an additional 788 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Adobe by 22.3% during the first quarter. GAMMA Investing LLC now owns 7,798 shares of the software company’s stock worth $2,991,000 after buying an additional 1,422 shares in the last quarter. Finally, Simplicity Wealth LLC boosted its holdings in Adobe by 135.4% during the first quarter. Simplicity Wealth LLC now owns 2,611 shares of the software company’s stock worth $1,001,000 after buying an additional 1,502 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Analyst Ratings Changes

ADBE has been the topic of a number of recent analyst reports. Evercore ISI lowered their price target on shares of Adobe from $475.00 to $450.00 and set an “outperform” rating on the stock in a report on Friday, September 12th. Wall Street Zen raised shares of Adobe from a “hold” rating to a “buy” rating in a report on Friday, September 5th. TD Cowen lowered their price target on shares of Adobe from $470.00 to $420.00 and set a “hold” rating on the stock in a report on Friday, September 12th. DA Davidson reissued a “buy” rating and set a $500.00 price target on shares of Adobe in a report on Friday, September 12th. Finally, Redburn Partners set a $280.00 price target on shares of Adobe in a report on Monday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Adobe currently has a consensus rating of “Hold” and an average target price of $433.41.

Adobe Stock Performance

ADBE opened at $347.47 on Friday. The firm’s fifty day simple moving average is $351.88 and its two-hundred day simple moving average is $371.24. The company has a market cap of $145.45 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 1.56 and a beta of 1.49. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. Adobe Inc. has a 52-week low of $330.04 and a 52-week high of $557.90.

Adobe (NASDAQ:ADBE) last issued 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. The business had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business earned $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. Equities analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current fiscal 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.