Sapient Capital LLC cut its stake in Adobe Inc. (NASDAQ:ADBE - Free Report) by 80.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 922 shares of the software company's stock after selling 3,706 shares during the quarter. Sapient Capital LLC's holdings in Adobe were worth $357,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Garde Capital Inc. acquired a new position in Adobe during the first quarter worth $34,000. PFG Advisors grew its stake in shares of Adobe by 20.8% in the first 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 last quarter. Krane Funds Advisors LLC increased its holdings in shares of 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 purchasing an additional 730 shares during the period. Financial Counselors Inc. increased its stake in Adobe by 9.2% during the first quarter. Financial Counselors Inc. now owns 62,851 shares of the software company's stock valued at $24,105,000 after acquiring an additional 5,298 shares during the period. Finally, Koss Olinger Consulting LLC bought a new position in Adobe in the first quarter worth $305,000. Hedge funds and other institutional investors own 81.79% of the company's stock.
Adobe Price Performance
ADBE opened at $362.07 on Thursday. The company has a fifty day simple moving average of $355.91 and a 200 day simple moving average of $378.04. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. The stock has a market cap of $153.59 billion, a P/E ratio of 22.56, a P/E/G ratio of 1.58 and a beta of 1.48. Adobe Inc. has a 12 month low of $330.04 and a 12 month high of $557.90.
Adobe (NASDAQ:ADBE - Get Free Report) last announced its quarterly 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 company had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same period in the prior year, the company earned $4.65 earnings per share. The company's revenue for the quarter 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, research analysts expect that Adobe Inc. will post 16.65 EPS for the current year.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. Citigroup lowered their price target on shares of Adobe from $450.00 to $400.00 and set a "neutral" rating on the stock in a report on Thursday, September 11th. Mizuho dropped their price target on shares of Adobe from $530.00 to $460.00 and set an "outperform" rating for the company in a research report on Monday, September 8th. Melius cut shares of Adobe from a "hold" rating to a "sell" rating and set a $310.00 price target for the company. in a research note on Monday, August 11th. Rothschild & Co Redburn lowered Adobe from a "neutral" rating to a "sell" rating and set a $280.00 price objective on the stock. in a research note on Wednesday, July 2nd. Finally, Royal Bank Of Canada cut their target price on Adobe from $480.00 to $430.00 and set an "outperform" rating for the company in a research report on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $435.63.
Read Our Latest Analysis on ADBE
Adobe Company Profile
(
Free Report)
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.
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