Teacher Retirement System of Texas Trims Holdings in Adobe Inc. $ADBE

Teacher Retirement System of Texas decreased its holdings in Adobe Inc. (NASDAQ:ADBE) by 1.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 209,560 shares of the software company’s stock after selling 4,111 shares during the period. Teacher Retirement System of Texas’ holdings in Adobe were worth $81,075,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Y Intercept Hong Kong Ltd increased its stake in Adobe by 154.2% in the second quarter. Y Intercept Hong Kong Ltd now owns 21,759 shares of the software company’s stock worth $8,418,000 after purchasing an additional 13,198 shares during the period. GoalVest Advisory LLC grew its position in shares of Adobe by 37.3% during the 2nd quarter. GoalVest Advisory LLC now owns 276 shares of the software company’s stock worth $107,000 after buying an additional 75 shares in the last quarter. Solstein Capital LLC grew its position in shares of Adobe by 34.2% during the 2nd quarter. Solstein Capital LLC now owns 357 shares of the software company’s stock worth $138,000 after buying an additional 91 shares in the last quarter. Chilton Capital Management LLC grew its position in shares of Adobe by 4.0% during the 2nd quarter. Chilton Capital Management LLC now owns 6,335 shares of the software company’s stock worth $2,451,000 after buying an additional 246 shares in the last quarter. Finally, Resonant Capital Advisors LLC grew its position in shares of Adobe by 80.2% during the 2nd quarter. Resonant Capital Advisors LLC now owns 8,030 shares of the software company’s stock worth $3,107,000 after buying an additional 3,574 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 $353.52 on Monday. Adobe Inc. has a 1-year low of $327.50 and a 1-year high of $557.90. The stock’s 50-day moving average is $351.71 and its 200 day moving average is $368.95. The company has a market cap of $147.98 billion, a P/E ratio of 22.03, a PEG ratio of 1.58 and a beta of 1.49. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $5.91 billion. During the same quarter last year, the company earned $4.65 earnings per share. The firm’s revenue for the quarter 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. Research analysts predict that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Evercore ISI dropped their price target on Adobe from $475.00 to $450.00 and set an “outperform” rating on the stock in a research report on Friday, September 12th. DA Davidson reissued a “buy” rating and set a $500.00 price target on shares of Adobe in a research report on Friday, September 12th. Barclays increased their price target on Adobe from $460.00 to $465.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Redburn Atlantic downgraded Adobe from a “hold” rating to a “strong sell” rating and dropped their price target for the stock from $420.00 to $280.00 in a research report on Wednesday, July 2nd. Finally, Royal Bank Of Canada dropped their price target on Adobe from $480.00 to $430.00 and set an “outperform” rating on the stock in a research report on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $433.41.

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.