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

Key Points

• IFM Investors Pty Ltd has reduced its stake in Adobe Inc. by 0.9%, ending with 85,454 shares valued at approximately $32.77 million.
• Analyst sentiments on Adobe are mixed, with firms like BMO Capital Markets maintaining an "outperform" rating and a $450 target price, while others like Rothschild & Co Redburn have downgraded the stock to "sell" with a target price of $280.
• Adobe reported a 10.6% year-over-year increase in quarterly revenue, with earnings per share of $5.06, surpassing estimated figures.

IFM Investors Pty Ltd lessened its stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 0.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 85,454 shares of the software company's stock after selling 757 shares during the period. IFM Investors Pty Ltd's holdings in Adobe were worth $32,774,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Adobe by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 41,143,835 shares of the software company's stock valued at $15,779,895,000 after buying an additional 171,547 shares during the period. Bank of New York Mellon Corp raised its holdings in Adobe by 14.4% during the 1st quarter. Bank of New York Mellon Corp now owns 6,530,611 shares of the software company's stock valued at $2,504,685,000 after buying an additional 821,293 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Adobe by 2.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,468,383 shares of the software company's stock valued at $2,097,289,000 after buying an additional 126,688 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Adobe by 12.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,341,695 shares of the software company's stock valued at $2,375,345,000 after buying an additional 600,146 shares during the period. Finally, Amundi raised its holdings in Adobe by 24.7% during 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 period. Hedge funds and other institutional investors own 81.79% of the company's stock.

Adobe Stock Down 0.6%

ADBE stock traded down $2.07 during trading on Monday, reaching $347.29. 4,410,351 shares of the company traded hands, compared to its average volume of 3,885,884. Adobe Inc. has a 12 month low of $330.04 and a 12 month high of $557.90. The business has a 50 day simple moving average of $357.32 and a 200 day simple moving average of $378.97. The company has a market capitalization of $147.32 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 1.65 and a beta of 1.48. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.99 and a current ratio of 1.02.

Adobe (NASDAQ:ADBE - Get Free Report) last issued its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $5.91 billion. During the same quarter last year, the company earned $4.65 earnings per share. The firm'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, equities research analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

ADBE has been the topic of a number of recent analyst reports. UBS Group reduced their target price on Adobe from $400.00 to $375.00 and set a "neutral" rating on the stock in a research note on Friday. Stifel Nicolaus reduced their target price on Adobe from $525.00 to $480.00 and set a "buy" rating on the stock in a research note on Friday, June 13th. Piper Sandler reduced their target price on Adobe from $500.00 to $470.00 and set an "overweight" rating on the stock in a research note on Friday. DA Davidson reiterated a "buy" rating and issued a $500.00 target price on shares of Adobe in a research note on Friday. Finally, Oppenheimer reduced their target price on Adobe from $500.00 to $460.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 9th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $435.63.

About Adobe

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.