Adobe Inc. $ADBE Shares Sold by Triglav Investments D.O.O.

Triglav Investments D.O.O. lowered its holdings in Adobe Inc. (NASDAQ:ADBE) by 12.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,265 shares of the software company’s stock after selling 174 shares during the period. Triglav Investments D.O.O.’s holdings in Adobe were worth $489,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Assenagon Asset Management S.A. grew its stake in Adobe by 308.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,109,436 shares of the software company’s stock worth $1,202,979,000 after buying an additional 2,347,562 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Adobe by 68.3% during the first quarter. Goldman Sachs Group Inc. now owns 4,575,792 shares of the software company’s stock valued at $1,754,954,000 after acquiring an additional 1,856,544 shares during the period. Nuveen LLC bought a new position in shares of Adobe during the first quarter worth about $607,443,000. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in shares of Adobe by 1,482.7% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,298,389 shares of the software company’s stock worth $498,000 after acquiring an additional 1,216,351 shares during the period. Finally, Amundi lifted its position in Adobe by 24.7% in the 1st quarter. Amundi now owns 4,848,521 shares of the software company’s stock valued at $1,782,642,000 after purchasing an additional 961,895 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Adobe Stock Up 0.3%

Shares of ADBE stock opened at $340.31 on Friday. Adobe Inc. has a 1 year low of $327.50 and a 1 year 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 business’s fifty day moving average is $350.67 and its 200-day moving average is $368.72. The stock has a market cap of $142.45 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 1.51 and a beta of 1.49.

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 quarter in the prior year, the firm posted $4.65 earnings per share. The company’s revenue 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. Equities analysts expect that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

ADBE has been the subject of a number of analyst reports. Royal Bank Of Canada reduced their target price on shares of Adobe from $480.00 to $430.00 and set an “outperform” rating for the company in a research note on Monday, September 8th. Redburn Partners set a $280.00 price objective on Adobe in a report on Monday, September 1st. Morgan Stanley cut Adobe from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $520.00 to $450.00 in a research report on Wednesday, September 24th. JMP Securities reiterated a “market perform” rating on shares of Adobe in a research report on Friday, September 12th. Finally, Barclays set a $465.00 price target on Adobe and gave the stock an “overweight” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Adobe presently has a consensus rating of “Hold” and an average target price 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.