Adobe Inc. $ADBE is Seilern Investment Management Ltd's 9th Largest Position

Key Points

• Seilern Investment Management Ltd reduced its stake in Adobe Inc. by 5.0%, now holding approximately 6.1% of its portfolio with a value of $92.1 million.
• Adobe reported a quarterly earnings per share of $5.31, surpassing expectations, with a year-over-year revenue increase of 10.7%.
• Institutional ownership has significantly increased, with various firms like GAMMA Investing LLC and Goldman Sachs expanding their positions in Adobe stock recently.

Seilern Investment Management Ltd lowered its stake in Adobe Inc. (NASDAQ:ADBE - Free Report) by 5.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 238,152 shares of the software company's stock after selling 12,642 shares during the period. Adobe comprises 6.1% of Seilern Investment Management Ltd's investment portfolio, making the stock its 9th biggest position. Seilern Investment Management Ltd owned approximately 0.06% of Adobe worth $92,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the company. Siemens Fonds Invest GmbH grew its holdings 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 in the last quarter. 1248 Management LLC acquired a new stake in shares of Adobe in the 1st quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Adobe during the 1st quarter worth $26,000. SWAN Capital LLC acquired a new position in shares of Adobe during the fourth quarter worth $28,000. Finally, Copia Wealth Management acquired a new stake in Adobe in the fourth quarter valued at $28,000. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Adobe Stock Performance

Shares of NASDAQ ADBE traded down $2.26 during trading hours on Monday, reaching $347.10. The stock had a trading volume of 6,760,024 shares, compared to its average volume of 3,900,378. The firm has a 50-day moving average of $357.32 and a 200-day moving average of $378.97. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.53. The firm has a market cap of $147.24 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 1.65 and a beta of 1.48. Adobe Inc. has a fifty-two week low of $330.04 and a fifty-two week high of $557.90.

Adobe (NASDAQ:ADBE - Get Free Report) last posted its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, beating the consensus estimate of $5.18 by $0.13. The firm had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.91 billion. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The firm's revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business earned $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. Equities research analysts predict that Adobe Inc. will post 16.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. DA Davidson reaffirmed a "buy" rating and set a $500.00 price objective on shares of Adobe in a research report on Friday. Rothschild & Co Redburn downgraded 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. Wall Street Zen upgraded Adobe from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Mizuho dropped their price objective on Adobe from $530.00 to $460.00 and set an "outperform" rating on the stock in a report on Monday, September 8th. Finally, Evercore ISI dropped their price objective on Adobe from $475.00 to $450.00 and set an "outperform" rating on the stock in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $435.63.

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.