Adobe Inc. $ADBE Shares Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in Adobe Inc. by 1.8% during Q2, ending up with approximately 483,957 shares valued at $187.2 million.
• A number of analysts have set varying price targets for Adobe, with the current average target at $433.41 and several ratings including "buy" and "outperform."
• In its recent earnings report, Adobe surpassed consensus estimates with $5.31 EPS and reported revenue of $5.99 billion, showing a 10.7% year-over-year increase.

Robeco Institutional Asset Management B.V. lessened its holdings in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 1.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 483,957 shares of the software company's stock after selling 9,057 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.11% of Adobe worth $187,233,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Garde Capital Inc. purchased a new stake in Adobe during the first quarter worth $34,000. PFG Advisors boosted its position in Adobe by 20.8% during the first quarter. PFG Advisors now owns 4,964 shares of the software company's stock worth $1,904,000 after purchasing an additional 855 shares in the last quarter. Krane Funds Advisors LLC boosted its position in Adobe by 110.4% during the first 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 in the last quarter. Financial Counselors Inc. boosted its position in Adobe by 9.2% during the first quarter. Financial Counselors Inc. now owns 62,851 shares of the software company's stock worth $24,105,000 after purchasing an additional 5,298 shares in the last quarter. Finally, Koss Olinger Consulting LLC purchased a new stake in Adobe during the first quarter worth $305,000. Institutional investors and hedge funds own 81.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Royal Bank Of Canada decreased their target price on Adobe from $480.00 to $430.00 and set an "outperform" rating on the stock in a research report on Monday, September 8th. DA Davidson reiterated a "buy" rating and set a $500.00 target price on shares of Adobe in a research report on Friday, September 12th. Wall Street Zen upgraded Adobe from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Oppenheimer decreased their target price on Adobe from $500.00 to $460.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 9th. Finally, Redburn Partners set a $280.00 price objective on Adobe in a research report on Monday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Adobe currently has an average rating of "Hold" and an average price target of $433.41.

Adobe Stock Performance

NASDAQ ADBE opened at $343.72 on Thursday. The business's 50-day moving average price is $354.11 and its 200 day moving average price is $373.01. Adobe Inc. has a twelve month low of $330.04 and a twelve month high of $557.90. The company has a market capitalization of $143.88 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 1.58 and a beta of 1.49. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE - Get Free Report) last released its earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share 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 firm had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.91 billion. During the same period in the prior year, the business posted $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, research analysts predict that Adobe Inc. will post 16.65 earnings per share for the current year.

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.

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