Savant Capital LLC Has $5.56 Million Holdings in Adobe Inc. $ADBE

Savant Capital LLC lessened its holdings in Adobe Inc. (NASDAQ:ADBE) by 54.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,369 shares of the software company’s stock after selling 17,196 shares during the quarter. Savant Capital LLC’s holdings in Adobe were worth $5,559,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Adobe by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 41,143,835 shares of the software company’s stock worth $15,779,895,000 after acquiring an additional 171,547 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Adobe by 2.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,468,383 shares of the software company’s stock worth $2,097,289,000 after purchasing an additional 126,688 shares during the period. Amundi grew its stake in shares of Adobe by 24.7% during the first quarter. Amundi now owns 4,848,521 shares of the software company’s stock worth $1,782,642,000 after purchasing an additional 961,895 shares during the period. Goldman Sachs Group Inc. increased its holdings 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 last quarter. Finally, Deutsche Bank AG lifted its stake in Adobe by 6.8% in the first quarter. Deutsche Bank AG now owns 3,735,509 shares of the software company’s stock valued at $1,432,680,000 after buying an additional 238,542 shares during the period. 81.79% of the stock is owned by institutional investors.

Adobe Price Performance

ADBE stock opened at $326.95 on Friday. The stock has a 50-day moving average price of $348.22 and a two-hundred day moving average price of $368.22. Adobe Inc. has a 1 year low of $323.03 and a 1 year high of $557.90. The stock has a market cap of $136.86 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 1.51 and a beta of 1.47. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last issued its quarterly 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 company had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.91 billion. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company 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. Equities analysts forecast that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Analyst Ratings Changes

ADBE has been the subject of a number of recent analyst reports. Cowen reaffirmed a “hold” rating on shares of Adobe in a research note on Wednesday, October 29th. UBS Group lowered their target price on shares of Adobe from $400.00 to $375.00 and set a “neutral” rating for the company in a research note on Friday, September 12th. Redburn Partners set a $280.00 price target on shares of Adobe in a research report on Monday, September 1st. DA Davidson reissued a “buy” rating and issued a $500.00 price target on shares of Adobe in a report on Friday, September 12th. Finally, Oppenheimer dropped their price objective on Adobe from $500.00 to $460.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $433.41.

Insiders Place Their Bets

In other news, CAO Jillian Forusz sold 149 shares of the firm’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. This trade represents a 4.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is currently owned by company insiders.

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.