Adobe Inc. $ADBE is Ownership Capital B.V.’s 9th Largest Position

Ownership Capital B.V. decreased its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 24.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 222,170 shares of the software company’s stock after selling 70,529 shares during the period. Adobe accounts for 5.0% of Ownership Capital B.V.’s investment portfolio, making the stock its 9th biggest position. Ownership Capital B.V. owned approximately 0.05% of Adobe worth $85,953,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in ADBE. Assenagon Asset Management S.A. boosted its holdings in Adobe by 308.1% in the second quarter. Assenagon Asset Management S.A. now owns 3,109,436 shares of the software company’s stock valued at $1,202,979,000 after acquiring an additional 2,347,562 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Adobe by 68.3% in the first quarter. Goldman Sachs Group Inc. now owns 4,575,792 shares of the software company’s stock valued at $1,754,954,000 after purchasing an additional 1,856,544 shares during the period. Nuveen LLC purchased a new position in Adobe in the first quarter valued at about $607,443,000. OVERSEA CHINESE BANKING Corp Ltd raised its position in Adobe by 1,482.7% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,298,389 shares of the software company’s stock valued at $498,000 after purchasing an additional 1,216,351 shares during the period. Finally, Amundi raised its position in Adobe by 24.7% in the first quarter. Amundi now owns 4,848,521 shares of the software company’s stock valued at $1,782,642,000 after purchasing an additional 961,895 shares during the period. Institutional investors and hedge funds own 81.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Royal Bank Of Canada cut their price objective on Adobe from $480.00 to $430.00 and set an “outperform” rating on the stock in a research report on Monday, September 8th. BMO Capital Markets dropped their target price on Adobe from $450.00 to $405.00 and set an “outperform” rating on the stock in a research report on Friday, September 12th. Redburn Atlantic lowered Adobe from a “hold” rating to a “strong sell” rating and lowered their price objective for the company from $420.00 to $280.00 in a report on Wednesday, July 2nd. Barclays set a $465.00 price objective on Adobe and gave the company an “overweight” rating in a report on Wednesday. Finally, Redburn Partners set a $280.00 price objective on Adobe in a report on Monday, September 1st. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Adobe has an average rating of “Hold” and a consensus target price of $433.41.

Adobe Stock Performance

Shares of NASDAQ ADBE opened at $359.91 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. The stock has a 50 day simple moving average of $351.70 and a 200-day simple moving average of $368.98. The company has a market cap of $150.66 billion, a PE ratio of 22.42, a P/E/G ratio of 1.60 and a beta of 1.49. Adobe Inc. has a 12-month low of $327.50 and a 12-month high of $557.90.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.18 by $0.13. The business had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.91 billion. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The business’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous 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, equities research analysts forecast that Adobe Inc. will post 16.65 EPS for the current year.

Adobe 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.