Sentry Investment Management LLC Has $471,000 Stock Position in Adobe Inc. $ADBE

Sentry Investment Management LLC reduced its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 40.4% in the second quarter, HoldingsChannel.com reports. The firm owned 1,233 shares of the software company’s stock after selling 836 shares during the period. Sentry Investment Management LLC’s holdings in Adobe were worth $471,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Garde Capital Inc. bought a new stake in Adobe during the 1st quarter worth approximately $34,000. PFG Advisors increased its holdings in Adobe by 20.8% during the 1st quarter. PFG Advisors now owns 4,964 shares of the software company’s stock worth $1,904,000 after purchasing an additional 855 shares in the last quarter. Krane Funds Advisors LLC increased its holdings in Adobe by 110.4% during the 1st quarter. Krane Funds Advisors LLC now owns 1,391 shares of the software company’s stock worth $533,000 after purchasing an additional 730 shares in the last quarter. Financial Counselors Inc. increased 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 worth $24,105,000 after purchasing an additional 5,298 shares in the last quarter. Finally, Koss Olinger Consulting LLC bought a new stake in Adobe during the 1st quarter worth approximately $305,000. 81.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ADBE has been the subject of several recent analyst reports. Barclays upped their target price on Adobe from $460.00 to $465.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Citigroup reduced their target price on Adobe from $450.00 to $400.00 and set a “neutral” rating for the company in a report on Thursday, September 11th. UBS Group reduced their target price on Adobe from $400.00 to $375.00 and set a “neutral” rating for the company in a report on Friday, September 12th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Adobe in a report on Wednesday, October 8th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Adobe in a report on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $433.41.

Adobe Price Performance

Shares of NASDAQ ADBE opened at $333.26 on Monday. The stock has a fifty day simple moving average of $350.99 and a two-hundred day simple moving average of $368.76. Adobe Inc. has a 1-year low of $327.50 and a 1-year high of $557.90. The firm has a market cap of $139.50 billion, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 1.49 and a beta of 1.49. 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 announced its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, beating 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 business had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.91 billion. During the same period in the prior year, the company earned $4.65 earnings per share. Adobe’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. Analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current 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.