PKO Investment Management Joint Stock Co Has $6.19 Million Position in Adobe Inc. $ADBE

PKO Investment Management Joint Stock Co reduced its position in shares of Adobe Inc. (NASDAQ:ADBE) by 11.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,000 shares of the software company’s stock after selling 2,052 shares during the period. PKO Investment Management Joint Stock Co’s holdings in Adobe were worth $6,190,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. PFG Advisors lifted 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 during the last quarter. Krane Funds Advisors LLC raised its holdings in Adobe by 110.4% in the 1st quarter. Krane Funds Advisors LLC now owns 1,391 shares of the software company’s stock valued at $533,000 after acquiring an additional 730 shares in the last quarter. Financial Counselors Inc. raised its holdings in Adobe by 9.2% in the 1st quarter. Financial Counselors Inc. now owns 62,851 shares of the software company’s stock valued at $24,105,000 after acquiring an additional 5,298 shares in the last quarter. Jackson Thornton Wealth Management LLC acquired a new position in Adobe in the 2nd quarter valued at $328,000. Finally, Koss Olinger Consulting LLC acquired a new position in Adobe in the 1st quarter valued at $305,000. 81.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Citigroup dropped their price objective on Adobe from $450.00 to $400.00 and set a “neutral” rating for the company in a report on Thursday, September 11th. Weiss Ratings restated a “hold (c-)” rating on shares of Adobe in a research note on Friday. JMP Securities reissued a “market perform” rating on shares of Adobe in a research note on Friday, September 12th. Royal Bank Of Canada dropped their price target on Adobe from $480.00 to $430.00 and set an “outperform” rating for the company in a research note on Monday, September 8th. Finally, Redburn Partners set a $280.00 price objective on Adobe in a report on Monday, September 1st. One equities research 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 given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $433.41.

Adobe Trading Down 0.2%

Shares of ADBE stock opened at $353.52 on Friday. The firm has a market capitalization of $147.98 billion, a P/E ratio of 22.03, a P/E/G ratio of 1.59 and a beta of 1.49. The stock’s fifty day simple moving average is $351.71 and its 200 day simple moving average is $368.72. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. Adobe Inc. has a twelve month low of $327.50 and a twelve 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 analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $5.91 billion. During the same period last year, the company earned $4.65 earnings per share. The firm’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. As a group, sell-side analysts predict that Adobe Inc. will post 16.65 EPS for the current fiscal year.

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.