Adobe Inc. $ADBE Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd cut its position in Adobe Inc. (NASDAQ:ADBE) by 0.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 85,454 shares of the software company’s stock after selling 757 shares during the quarter. IFM Investors Pty Ltd’s holdings in Adobe were worth $32,774,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Siemens Fonds Invest GmbH lifted its position in Adobe by 252.9% during the 4th quarter. Siemens Fonds Invest GmbH now owns 55,658 shares of the software company’s stock worth $25,000 after acquiring an additional 39,888 shares during the period. 1248 Management LLC acquired a new stake in shares of Adobe during the first quarter worth $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Adobe during the first quarter worth $26,000. SWAN Capital LLC purchased a new position in Adobe in the 4th quarter valued at $28,000. Finally, Copia Wealth Management acquired a new position in Adobe in the 4th quarter valued at $28,000. 81.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ADBE. JMP Securities restated a “market perform” rating on shares of Adobe in a research note on Monday, June 23rd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $450.00 target price on shares of Adobe in a report on Friday, June 13th. Rothschild & Co Redburn downgraded shares of Adobe from a “neutral” rating to a “sell” rating and set a $280.00 target price on the stock. in a report on Wednesday, July 2nd. Redburn Atlantic downgraded shares of Adobe from a “hold” rating to a “strong sell” rating and lowered their target price for the company from $420.00 to $280.00 in a report on Wednesday, July 2nd. Finally, Mizuho lowered their target price on shares of Adobe from $530.00 to $460.00 and set an “outperform” rating on the stock in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $446.74.

Adobe Stock Down 1.3%

ADBE opened at $354.06 on Wednesday. Adobe Inc. has a 12 month low of $330.04 and a 12 month high of $587.75. The stock has a market capitalization of $150.19 billion, a P/E ratio of 22.65, a P/E/G ratio of 1.70 and a beta of 1.48. The business has a 50 day simple moving average of $359.07 and a 200-day simple moving average of $381.31. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.99 and a quick ratio of 0.99.

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