Vanguard Group Inc. Sells 119,256 Shares of Adobe Inc. $ADBE

Vanguard Group Inc. trimmed its stake in Adobe Inc. (NASDAQ:ADBE) by 0.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,024,579 shares of the software company’s stock after selling 119,256 shares during the period. Vanguard Group Inc. owned about 0.10% of Adobe worth $15,871,589,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. 1248 Management LLC acquired a new stake in Adobe during the first quarter worth about $25,000. LSV Asset Management lifted its position in shares of Adobe by 350.0% in the 2nd quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after acquiring an additional 56 shares during the period. Flaharty Asset Management LLC acquired a new stake in shares of Adobe during the 1st quarter worth approximately $29,000. HHM Wealth Advisors LLC bought a new stake in shares of Adobe during the first quarter valued at approximately $30,000. Finally, Nexus Investment Management ULC acquired a new position in shares of Adobe in the second quarter valued at $31,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Trading Down 1.8%

Shares of ADBE opened at $325.07 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $136.07 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 1.51 and a beta of 1.47. The stock has a fifty day moving average price of $345.94 and a two-hundred day moving average price of $366.72. Adobe Inc. has a 52-week low of $323.03 and a 52-week high of $557.90.

Adobe (NASDAQ:ADBE) last announced its earnings results on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, topping the consensus estimate of $5.18 by $0.13. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The company had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.91 billion. During the same quarter in the prior year, the business earned $4.65 earnings per share. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. Analysts predict that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ADBE. Redburn Partners set a $280.00 price target on shares of Adobe in a research note on Monday, September 1st. Morgan Stanley lowered shares of Adobe from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $520.00 to $450.00 in a research report on Wednesday, September 24th. Mizuho lowered shares of Adobe from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 24th. BMO Capital Markets restated an “outperform” rating and set a $405.00 price target on shares of Adobe in a research note on Wednesday, October 29th. Finally, Melius lowered Adobe from a “hold” rating to a “sell” rating and set a $310.00 price objective on the stock. in a research note on Monday, August 11th. One 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 given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $433.41.

Insider Buying and Selling at Adobe

In other Adobe news, CAO Jillian Forusz sold 149 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $337.88, for a total value 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 approximately $1,157,576.88. The trade was a 4.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

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.