Vinva Investment Management Ltd Purchases 10,292 Shares of Adobe Inc. $ADBE

Vinva Investment Management Ltd increased its position in shares of Adobe Inc. (NASDAQ:ADBE) by 45.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,921 shares of the software company’s stock after acquiring an additional 10,292 shares during the quarter. Vinva Investment Management Ltd’s holdings in Adobe were worth $12,702,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ADBE. Schmidt P J Investment Management Inc. boosted its stake in shares of Adobe by 2.9% in the 1st quarter. Schmidt P J Investment Management Inc. now owns 896 shares of the software company’s stock valued at $344,000 after purchasing an additional 25 shares during the last quarter. GS Investments Inc. grew its holdings in Adobe by 0.3% during the 1st quarter. GS Investments Inc. now owns 7,563 shares of the software company’s stock worth $2,901,000 after acquiring an additional 26 shares during the period. Ted Buchan & Co raised its position in shares of Adobe by 1.9% during the 1st quarter. Ted Buchan & Co now owns 1,368 shares of the software company’s stock valued at $525,000 after acquiring an additional 26 shares during the last quarter. VanderPol Investments L.L.C. lifted its stake in shares of Adobe by 5.2% in the 1st quarter. VanderPol Investments L.L.C. now owns 546 shares of the software company’s stock valued at $209,000 after purchasing an additional 27 shares during the period. Finally, Rise Advisors LLC lifted its stake in shares of Adobe by 7.0% in the 1st quarter. Rise Advisors LLC now owns 410 shares of the software company’s stock valued at $157,000 after purchasing an additional 27 shares during the period. Institutional investors own 81.79% of the company’s stock.

Insider Buying and Selling

In other news, CAO Jillian Forusz sold 149 shares of the stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $337.88, for a total transaction of $50,344.12. Following the completion of the transaction, the chief accounting officer directly owned 3,426 shares in the company, valued at $1,157,576.88. This represents a 4.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.16% of the stock is owned by company insiders.

Adobe Stock Down 0.6%

Shares of Adobe stock opened at $317.52 on Thursday. Adobe Inc. has a 52-week low of $311.58 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 business’s 50 day simple moving average is $341.32 and its 200 day simple moving average is $363.71. The firm has a market cap of $132.91 billion, a PE ratio of 19.78, a P/E/G ratio of 1.51 and a beta of 1.47.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, topping the consensus estimate of $5.18 by $0.13. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The company had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.91 billion. During the same period last year, the business earned $4.65 EPS. The business’s quarterly 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. On average, analysts predict that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Royal Bank Of Canada dropped their price objective on Adobe from $480.00 to $430.00 and set an “outperform” rating for the company in a report on Monday, September 8th. Morgan Stanley cut Adobe from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $520.00 to $450.00 in a research note on Wednesday, September 24th. Redburn Partners set a $280.00 price objective on shares of Adobe in a research note on Monday, September 1st. Piper Sandler cut their target price on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a report on Friday, September 12th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Adobe in a research report on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $428.96.

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.