Asset Management One Co. Ltd. Sells 32,679 Shares of Adobe Inc. $ADBE

Asset Management One Co. Ltd. lessened its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 14.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 186,831 shares of the software company’s stock after selling 32,679 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Adobe were worth $72,281,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of ADBE. 1248 Management LLC bought a new position in Adobe in the 1st quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in Adobe in the 1st quarter valued at $26,000. Flaharty Asset Management LLC bought a new position in Adobe in the 1st quarter valued at $29,000. HHM Wealth Advisors LLC bought a new position in Adobe in the 1st quarter valued at $30,000. Finally, Nexus Investment Management ULC bought a new position in Adobe in the 2nd quarter valued at $31,000. Institutional investors own 81.79% of the company’s stock.

Adobe Stock Up 0.0%

ADBE stock opened at $354.12 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $148.23 billion, a P/E ratio of 22.06, a P/E/G ratio of 1.59 and a beta of 1.49. The business has a 50-day moving average of $351.74 and a 200-day moving average of $368.63. Adobe Inc. has a fifty-two week low of $327.50 and a fifty-two week high of $557.90.

Adobe (NASDAQ:ADBE) last released its earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $5.91 billion. During the same quarter in the prior year, the company posted $4.65 earnings per share. Adobe’s revenue was up 10.7% on a year-over-year basis. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. On average, sell-side analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ADBE shares. Citigroup lowered their target price on Adobe from $450.00 to $400.00 and set a “neutral” rating for the company in a research note on Thursday, September 11th. Melius cut Adobe from a “hold” rating to a “sell” rating and set a $310.00 price objective for the company. in a research note on Monday, August 11th. Redburn Atlantic cut Adobe from a “hold” rating to a “strong sell” rating and decreased their price objective for the stock from $420.00 to $280.00 in a research note on Wednesday, July 2nd. Rothschild & Co Redburn cut Adobe from a “neutral” rating to a “sell” rating and set a $280.00 price objective for the company. in a research note on Wednesday, July 2nd. Finally, Wall Street Zen cut Adobe from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Adobe currently has a consensus rating of “Hold” and a consensus price target of $433.41.

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.