American Century Companies Inc. Has $156.45 Million Holdings in Adobe Inc. $ADBE

Key Points

• American Century Companies Inc. reduced its stake in Adobe Inc. by 9.3%, now owning approximately 0.10% of the company worth $156.45 million.
• Adobe's recent quarterly earnings report showed earnings per share of $5.06, exceeding analysts' estimates, with revenues of $5.87 billion, up 10.6% year-over-year.
• Analysts maintain a consensus rating of Moderate Buy for Adobe stock, with an average price target of $467.58, reflecting their optimism on the company's performance.

American Century Companies Inc. trimmed its stake in Adobe Inc. (NASDAQ:ADBE - Free Report) by 9.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 407,932 shares of the software company's stock after selling 41,957 shares during the quarter. American Century Companies Inc. owned approximately 0.10% of Adobe worth $156,454,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Adobe by 0.4% in the first quarter. Vanguard Group Inc. now owns 41,143,835 shares of the software company's stock worth $15,779,895,000 after buying an additional 171,547 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Adobe by 14.4% in the first quarter. Bank of New York Mellon Corp now owns 6,530,611 shares of the software company's stock worth $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 boosted its position in shares of Adobe by 12.7% in the fourth 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 worth $2,375,345,000 after buying an additional 600,146 shares during the period. Northern Trust Corp boosted its position in shares of Adobe by 14.5% in the fourth quarter. Northern Trust Corp now owns 5,314,215 shares of the software company's stock worth $2,363,125,000 after buying an additional 672,919 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position 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 worth $1,754,954,000 after buying an additional 1,856,544 shares during the period. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Adobe Stock Performance

Shares of NASDAQ ADBE traded up $3.7180 during trading hours on Tuesday, hitting $360.9580. 1,900,108 shares of the company's stock were exchanged, compared to its average volume of 3,782,354. Adobe Inc. has a 1-year low of $330.04 and a 1-year high of $587.75. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $153.12 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 1.68 and a beta of 1.51. The company's 50-day moving average price is $370.66 and its 200-day moving average price is $391.57.

Adobe (NASDAQ:ADBE - Get Free Report) last posted its quarterly earnings results on Thursday, June 12th. The software company reported $5.06 EPS for the quarter, beating the consensus estimate of $4.97 by $0.09. The firm had revenue of $5.87 billion during the quarter, compared to analysts' expectations of $5.80 billion. Adobe had a return on equity of 53.68% and a net margin of 30.39%.The company's revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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. On average, sell-side analysts expect that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ADBE shares. Piper Sandler decreased their target price on Adobe from $600.00 to $500.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Melius cut Adobe from a "hold" rating to a "sell" rating and set a $310.00 price objective for the company. in a research report on Monday, August 11th. Rothschild & Co Redburn cut Adobe from a "neutral" rating to a "sell" rating and set a $280.00 price objective for the company. in a research report on Wednesday, July 2nd. Oppenheimer reduced their price objective on Adobe from $530.00 to $500.00 and set an "outperform" rating for the company in a research report on Friday, June 13th. Finally, Wells Fargo & Company reissued an "overweight" rating and set a $470.00 price objective (up previously from $430.00) on shares of Adobe in a research report on Friday, June 13th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Adobe presently has a consensus rating of "Moderate Buy" and an average target price of $467.58.

Adobe Company 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.