Banco Santander S.A. Has $27.21 Million Stake in Adobe Inc. $ADBE

Banco Santander S.A. lowered its position in Adobe Inc. (NASDAQ:ADBE) by 0.1% during the second quarter, Holdings Channel reports. The firm owned 70,330 shares of the software company’s stock after selling 41 shares during the period. Banco Santander S.A.’s holdings in Adobe were worth $27,209,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Schmidt P J Investment Management Inc. lifted its position 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 worth $344,000 after purchasing an additional 25 shares during the period. GS Investments Inc. lifted its position in shares of Adobe by 0.3% in the 1st 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 during the period. Ted Buchan & Co lifted its position in shares of Adobe by 1.9% in the 1st quarter. Ted Buchan & Co now owns 1,368 shares of the software company’s stock worth $525,000 after purchasing an additional 26 shares during the period. Lifeworks Advisors LLC increased its stake in shares of Adobe by 3.6% in the 1st quarter. Lifeworks Advisors LLC now owns 786 shares of the software company’s stock valued at $301,000 after acquiring an additional 27 shares in the last quarter. Finally, VanderPol Investments L.L.C. lifted its position in shares of Adobe by 5.2% during the 1st quarter. VanderPol Investments L.L.C. now owns 546 shares of the software company’s stock valued at $209,000 after acquiring an additional 27 shares during the period. Institutional investors and hedge funds own 81.79% of the company’s stock.

Analysts Set New Price Targets

ADBE has been the subject of a number of research reports. DA Davidson restated a “buy” rating and issued a $500.00 price target on shares of Adobe in a report on Friday, September 12th. Rothschild & Co Redburn lowered shares of Adobe from a “neutral” rating to a “sell” rating and set a $280.00 price objective on the stock. in a report on Wednesday, July 2nd. Evercore ISI dropped their price objective on shares of Adobe from $475.00 to $450.00 and set an “outperform” rating on the stock in a report on Friday, September 12th. Mizuho lowered shares of Adobe from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 24th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Adobe in a report on Friday. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $433.41.

Adobe Stock Performance

Shares of ADBE stock opened at $353.52 on Monday. The firm has a market capitalization of $147.98 billion, a PE ratio of 22.03, a price-to-earnings-growth ratio of 1.58 and a beta of 1.49. The firm has a fifty day simple moving average of $351.71 and a two-hundred day simple moving average of $368.95. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. Adobe Inc. has a 12 month low of $327.50 and a 12 month high of $557.90.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 30.01% and a return on equity of 57.54%. Adobe’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $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. Analysts forecast that Adobe Inc. will post 16.65 EPS for the current fiscal year.

About Adobe

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.