Cantillon Capital Management LLC Grows Stake in Adobe Inc. $ADBE

Cantillon Capital Management LLC increased its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 7.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 856,629 shares of the software company’s stock after acquiring an additional 59,743 shares during the period. Adobe comprises approximately 1.9% of Cantillon Capital Management LLC’s portfolio, making the stock its 27th biggest holding. Cantillon Capital Management LLC’s holdings in Adobe were worth $331,413,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ADBE. Brighton Jones LLC grew its holdings in Adobe by 2.1% during the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock valued at $3,588,000 after buying an additional 167 shares in the last quarter. GAMMA Investing LLC grew its holdings in Adobe by 22.3% during the 1st quarter. GAMMA Investing LLC now owns 7,798 shares of the software company’s stock valued at $2,991,000 after buying an additional 1,422 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in Adobe by 3.3% during the 1st quarter. Asset Management One Co. Ltd. now owns 219,510 shares of the software company’s stock valued at $84,189,000 after buying an additional 7,016 shares in the last quarter. GHP Investment Advisors Inc. grew its holdings in Adobe by 8.4% during the 1st quarter. GHP Investment Advisors Inc. now owns 15,332 shares of the software company’s stock valued at $5,880,000 after buying an additional 1,186 shares in the last quarter. Finally, Legacy Advisors LLC grew its holdings in Adobe by 2.5% during the 1st quarter. Legacy Advisors LLC now owns 2,004 shares of the software company’s stock valued at $769,000 after buying an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Price Performance

Shares of ADBE stock opened at $357.55 on Wednesday. Adobe Inc. has a 52-week low of $327.50 and a 52-week high of $557.90. 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 firm has a market capitalization of $149.67 billion, a P/E ratio of 22.28, a P/E/G ratio of 1.54 and a beta of 1.49. The stock has a 50 day moving average price of $351.57 and a 200 day moving average price of $368.64.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.18 by $0.13. The firm had revenue of $5.99 billion during 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%.Adobe’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the company earned $4.65 EPS. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. As a group, sell-side analysts predict that Adobe Inc. will post 16.65 earnings per share for the current year.

Analysts Set New Price Targets

ADBE has been the subject of several research analyst reports. Citigroup cut their price target on Adobe from $450.00 to $400.00 and set a “neutral” rating for the company in a report on Thursday, September 11th. DA Davidson restated a “buy” rating and set a $500.00 price target on shares of Adobe in a report on Friday, September 12th. Royal Bank Of Canada dropped their target price on Adobe from $480.00 to $430.00 and set an “outperform” rating for the company in a report on Monday, September 8th. Mizuho cut Adobe from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 24th. Finally, Barclays lifted their target price on Adobe from $460.00 to $465.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $433.41.

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.