Canada Pension Plan Investment Board Boosts Position in Adobe Inc. $ADBE

Key Points

• The Canada Pension Plan Investment Board increased its stake in Adobe Inc. by 110.6%, now owning approximately 0.23% of the company, valued at $377 million.
• Adobe's Q2 earnings showed an EPS of $5.06, exceeding expectations, with a revenue of $5.87 billion, marking a 10.6% increase from the previous year.
• Recent analyst activity resulted in a mix of ratings for Adobe, with a consensus of "Moderate Buy" and a target price of $467.58, reflecting varied outlooks among brokerages.

Canada Pension Plan Investment Board increased its stake in Adobe Inc. (NASDAQ:ADBE - Free Report) by 110.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 983,686 shares of the software company's stock after buying an additional 516,668 shares during the period. Canada Pension Plan Investment Board owned 0.23% of Adobe worth $377,273,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes 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. Barnes Dennig Private Wealth Management LLC bought a new position in Adobe during the 1st quarter worth about $26,000. SWAN Capital LLC bought a new position in Adobe during the 4th quarter worth about $28,000. Copia Wealth Management bought a new position in Adobe during the 4th quarter worth about $28,000. Finally, HHM Wealth Advisors LLC bought a new position in Adobe during the 1st quarter worth about $30,000. 81.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ADBE shares. Rothschild & Co Redburn cut shares of Adobe from a "neutral" rating to a "sell" rating and set a $280.00 target price on the stock. in a report on Wednesday, July 2nd. Stifel Nicolaus lowered their price target on shares of Adobe from $525.00 to $480.00 and set a "buy" rating on the stock in a report on Friday, June 13th. JMP Securities restated a "market perform" rating on shares of Adobe in a report on Monday, June 23rd. Citigroup lowered their price target on shares of Adobe from $465.00 to $450.00 and set a "neutral" rating on the stock in a report on Monday, June 16th. Finally, Evercore ISI restated an "outperform" rating and issued a $475.00 price target on shares of Adobe in a report on Friday, June 13th. Two investment 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 issued a Sell rating to the company's stock. According to data from MarketBeat.com, Adobe currently has a consensus rating of "Moderate Buy" and an average price target of $459.52.

Adobe Stock Performance

ADBE stock traded up $2.74 during trading on Monday, reaching $356.70. The company had a trading volume of 2,637,158 shares, compared to its average volume of 3,582,848. The firm has a 50-day simple moving average of $363.93 and a 200-day simple moving average of $385.96. The company has a market cap of $151.31 billion, a price-to-earnings ratio of 22.82, a price-to-earnings-growth ratio of 1.69 and a beta of 1.48. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 0.99. Adobe Inc. has a twelve month low of $330.04 and a twelve month high of $587.75.

Adobe (NASDAQ:ADBE - Get Free Report) last released its earnings results on Thursday, June 12th. The software company reported $5.06 EPS for the quarter, topping analysts' consensus estimates of $4.97 by $0.09. The company had revenue of $5.87 billion during the quarter, compared to analysts' expectations of $5.80 billion. Adobe had a net margin of 30.39% and a return on equity of 53.68%. Adobe's revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the business earned $4.48 EPS. Adobe has set its Q3 2025 guidance at 5.150-5.200 EPS. FY 2025 guidance at 20.500-20.700 EPS. As a group, sell-side analysts expect that Adobe Inc. will post 16.65 earnings per share for the current year.

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.