Adobe Inc. $ADBE Shares Sold by E. Ohman J or Asset Management AB

Key Points

• E. Ohman J or Asset Management AB reduced its holdings in Adobe Inc. by 21.6%, owning 81,658 shares worth approximately $31.6 million after selling 22,508 shares in the second quarter.
• GAMMA Investing LLC significantly increased its position in Adobe by 46,806.6%, now holding 2,990,767 shares valued at over $1.14 billion, while other firms like Goldman Sachs and Amundi also raised their stakes.
• Adobe reported EPS of $5.31 for the latest quarter, exceeding analysts' expectations, and set its FY 2025 guidance at $20.800-20.850 EPS.

E. Ohman J or Asset Management AB reduced its holdings in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 21.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 81,658 shares of the software company's stock after selling 22,508 shares during the period. E. Ohman J or Asset Management AB's holdings in Adobe were worth $31,592,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. GAMMA Investing LLC increased its position in Adobe by 46,806.6% in the 1st quarter. GAMMA Investing LLC now owns 2,990,767 shares of the software company's stock valued at $1,147,049,000 after acquiring an additional 2,984,391 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Adobe by 68.3% in the first quarter. Goldman Sachs Group Inc. now owns 4,575,792 shares of the software company's stock valued at $1,754,954,000 after purchasing an additional 1,856,544 shares during the period. Nuveen LLC purchased a new stake in shares of Adobe during the first quarter worth approximately $607,443,000. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of Adobe by 1,482.7% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,298,389 shares of the software company's stock worth $498,000 after purchasing an additional 1,216,351 shares during the period. Finally, Amundi grew its position in Adobe by 24.7% in the 1st quarter. Amundi now owns 4,848,521 shares of the software company's stock valued at $1,782,642,000 after buying an additional 961,895 shares during the last quarter. 81.79% of the stock is owned by hedge funds and other institutional investors.

Adobe Trading Down 0.3%

Shares of ADBE stock opened at $349.36 on Monday. The stock has a market cap of $148.20 billion, a P/E ratio of 21.77, a P/E/G ratio of 1.65 and a beta of 1.48. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. Adobe Inc. has a fifty-two week low of $330.04 and a fifty-two week high of $557.90. The business has a fifty day simple moving average of $357.32 and a 200-day simple moving average of $378.97.

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

Analyst Ratings Changes

Several analysts have recently commented on the stock. JMP Securities restated a "market perform" rating on shares of Adobe in a research note on Friday. DA Davidson restated a "buy" rating and issued a $500.00 price objective on shares of Adobe in a research report on Friday. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $470.00 price objective (up previously from $430.00) on shares of Adobe in a report on Friday, June 13th. TD Cowen cut their target price on Adobe from $470.00 to $420.00 and set a "hold" rating for the company in a research note on Friday. Finally, Stifel Nicolaus decreased their price target on Adobe from $525.00 to $480.00 and set a "buy" rating on the stock in a research note on Friday, June 13th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price 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.

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