Commerzbank Aktiengesellschaft FI Has $5.60 Million Stock Position in Adobe Inc. $ADBE

Commerzbank Aktiengesellschaft FI decreased its stake in Adobe Inc. (NASDAQ:ADBE) by 21.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,471 shares of the software company’s stock after selling 4,030 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Adobe were worth $5,599,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Garde Capital Inc. acquired a new position in shares of Adobe in the 1st quarter valued at $34,000. PFG Advisors boosted its position 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 acquiring an additional 855 shares during the period. Krane Funds Advisors LLC boosted its position in Adobe by 110.4% during the 1st quarter. Krane Funds Advisors LLC now owns 1,391 shares of the software company’s stock worth $533,000 after acquiring an additional 730 shares during the period. Financial Counselors Inc. boosted its position in Adobe by 9.2% during the 1st quarter. Financial Counselors Inc. now owns 62,851 shares of the software company’s stock worth $24,105,000 after acquiring an additional 5,298 shares during the period. Finally, Koss Olinger Consulting LLC acquired a new stake in Adobe during the 1st quarter worth about $305,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Stock Down 0.4%

Shares of Adobe stock opened at $347.47 on Friday. The firm has a market cap of $145.45 billion, a price-to-earnings ratio of 21.65, a P/E/G ratio of 1.56 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 Inc. has a 52-week low of $330.04 and a 52-week high of $557.90. The stock has a 50-day simple moving average of $351.88 and a 200-day simple moving average of $371.24.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.18 by $0.13. The business had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.91 billion. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The firm’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the company earned $4.65 EPS. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. On average, equities research analysts expect 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 have commented on ADBE shares. Wall Street Zen upgraded Adobe from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Phillip Securities upgraded Adobe from a “moderate sell” rating to a “strong-buy” rating in a research report on Monday, June 16th. Mizuho lowered Adobe from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 24th. Rothschild & Co Redburn lowered Adobe from a “neutral” rating to a “sell” rating and set a $280.00 price objective for the company. in a research report on Wednesday, July 2nd. Finally, Redburn Partners set a $280.00 price objective on Adobe in a research report on Monday, September 1st. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average 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.