Voleon Capital Management LP Has $1.41 Million Stake in Adobe Inc. $ADBE

Voleon Capital Management LP boosted its stake in Adobe Inc. (NASDAQ:ADBE) by 666.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 3,663 shares of the software company’s stock after buying an additional 3,185 shares during the period. Voleon Capital Management LP’s holdings in Adobe were worth $1,405,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of ADBE. RB Capital Management LLC boosted its stake in Adobe by 0.4% in the fourth quarter. RB Capital Management LLC now owns 4,944 shares of the software company’s stock worth $2,198,000 after purchasing an additional 22 shares in the last quarter. Orin Green Financial LLC boosted its stake in Adobe by 3.8% in the fourth quarter. Orin Green Financial LLC now owns 621 shares of the software company’s stock worth $276,000 after purchasing an additional 23 shares in the last quarter. Second Line Capital LLC boosted its stake in Adobe by 3.5% in the fourth quarter. Second Line Capital LLC now owns 768 shares of the software company’s stock worth $342,000 after purchasing an additional 26 shares in the last quarter. Vista Investment Management boosted its stake in Adobe by 3.1% in the fourth quarter. Vista Investment Management now owns 875 shares of the software company’s stock worth $389,000 after purchasing an additional 26 shares in the last quarter. Finally, GS Investments Inc. boosted its stake in Adobe by 0.3% in the first quarter. GS Investments Inc. now owns 7,563 shares of the software company’s stock worth $2,901,000 after purchasing an additional 26 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Barclays reduced their price objective on Adobe from $567.00 to $460.00 and set an “overweight” rating on the stock in a research note on Friday. Wells Fargo & Company reissued an “overweight” rating and issued a $470.00 price objective (up previously from $430.00) on shares of Adobe in a research note on Friday, June 13th. Royal Bank Of Canada cut their price target on Adobe from $480.00 to $430.00 and set an “outperform” rating on the stock in a research note on Monday. BMO Capital Markets reaffirmed an “outperform” rating and set a $450.00 price target on shares of Adobe in a research note on Friday, June 13th. Finally, Redburn Atlantic lowered Adobe from a “hold” rating to a “strong sell” rating and cut their price target for the company from $420.00 to $280.00 in a research note on Wednesday, July 2nd. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Adobe presently has an average rating of “Moderate Buy” and an average target price of $448.22.

Adobe Trading Up 2.8%

NASDAQ ADBE opened at $358.66 on Tuesday. The stock has a 50-day simple moving average of $359.83 and a 200 day simple moving average of $381.50. The company has a market capitalization of $152.14 billion, a PE ratio of 22.95, a P/E/G ratio of 1.65 and a beta of 1.48. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. Adobe Inc. has a 12 month low of $330.04 and a 12 month high of $587.75.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Thursday, June 12th. The software company reported $5.06 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $0.09. The business had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.80 billion. Adobe had a return on equity of 53.68% and a net margin of 30.39%.The firm’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.48 earnings per share. Adobe has set its Q3 2025 guidance at 5.150-5.200 EPS. FY 2025 guidance at 20.500-20.700 EPS. Research analysts forecast that Adobe Inc. will post 16.65 EPS for the current year.

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.