Adobe Inc. $ADBE Holdings Decreased by Handelsbanken Fonder AB

Handelsbanken Fonder AB trimmed its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 5.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 158,031 shares of the software company’s stock after selling 8,383 shares during the period. Handelsbanken Fonder AB’s holdings in Adobe were worth $61,139,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ADBE. 1248 Management LLC acquired a new position in shares of Adobe in the 1st quarter valued at about $25,000. LSV Asset Management boosted its holdings in shares of Adobe by 350.0% during the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after purchasing an additional 56 shares during the period. Flaharty Asset Management LLC purchased a new position in Adobe during the first quarter valued at approximately $29,000. HHM Wealth Advisors LLC acquired a new position in Adobe in the 1st quarter valued at approximately $30,000. Finally, Nexus Investment Management ULC purchased a new stake in Adobe in the 2nd quarter worth approximately $31,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on ADBE. Piper Sandler decreased their target price on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating for the company in a research note on Friday, September 12th. Cowen reissued a “hold” rating on shares of Adobe in a research report on Wednesday, October 29th. Mizuho lowered their target price on Adobe from $410.00 to $390.00 and set an “outperform” rating on the stock in a research note on Thursday. Royal Bank Of Canada cut their price target on Adobe from $480.00 to $430.00 and set an “outperform” rating for the company in a research note on Monday, September 8th. Finally, Barclays set a $465.00 price target on Adobe and gave the company an “overweight” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $428.96.

Insider Activity at Adobe

In other news, CAO Jillian Forusz sold 149 shares of the business’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of the sale, the chief accounting officer directly owned 3,426 shares in the company, valued at approximately $1,157,576.88. The trade was a 4.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Adobe Price Performance

Shares of NASDAQ:ADBE opened at $312.40 on Friday. The stock has a market capitalization of $130.77 billion, a P/E ratio of 19.46, a P/E/G ratio of 1.51 and a beta of 1.48. The business has a 50-day moving average of $343.95 and a two-hundred day moving average of $365.61. Adobe Inc. has a fifty-two week low of $312.09 and a fifty-two week high of $557.90. 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 (NASDAQ:ADBE) last issued its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $5.91 billion. During the same period last year, the business earned $4.65 EPS. The firm’s revenue was up 10.7% compared to the same quarter last year. 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 predict that Adobe Inc. will post 16.65 EPS for the current fiscal year.

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.