AG2R LA Mondiale Gestion D Actifs Acquires New Position in Adobe Inc. $ADBE

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired 16,079 shares of Adobe Inc. valued at approximately $6,674,000 in the first quarter of the year, according to a recent SEC filing.
• Analyst ratings for Adobe have varied, with recent target price adjustments leading to a lowered average target price of $444.89 and a rating of "Moderate Buy" from analysts.
• Adobe reported earnings of $5.06 per share for the last quarter, exceeding expectations and reflecting a 10.6% year-over-year revenue growth.

AG2R LA Mondiale Gestion D Actifs bought a new stake in Adobe Inc. (NASDAQ:ADBE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,079 shares of the software company's stock, valued at approximately $6,674,000.

A number of other large investors also recently modified their holdings of the company. RB Capital Management LLC raised its holdings in shares of Adobe by 0.4% in the 4th quarter. RB Capital Management LLC now owns 4,944 shares of the software company's stock valued at $2,198,000 after buying an additional 22 shares during the period. Orin Green Financial LLC grew its position in Adobe by 3.8% in the 4th quarter. Orin Green Financial LLC now owns 621 shares of the software company's stock valued at $276,000 after acquiring an additional 23 shares in the last quarter. Schmidt P J Investment Management Inc. increased its stake in Adobe by 2.9% during the first quarter. Schmidt P J Investment Management Inc. now owns 896 shares of the software company's stock worth $344,000 after purchasing an additional 25 shares during the period. Second Line Capital LLC lifted its position in shares of Adobe by 3.5% during the fourth quarter. Second Line Capital LLC now owns 768 shares of the software company's stock worth $342,000 after purchasing an additional 26 shares in the last quarter. Finally, Vista Investment Management boosted its position in Adobe by 3.1% in the 4th quarter. Vista Investment Management now owns 875 shares of the software company's stock valued at $389,000 after buying an additional 26 shares during the period. 81.79% of the stock is owned by hedge funds and other institutional investors.

Adobe Stock Performance

Shares of NASDAQ:ADBE traded down $2.26 on Monday, reaching $347.10. The company's stock had a trading volume of 6,760,024 shares, compared to its average volume of 4,336,047. Adobe Inc. has a 52-week low of $330.04 and a 52-week high of $557.90. The stock has a market capitalization of $147.24 billion, a P/E ratio of 21.63, a PEG ratio of 1.65 and a beta of 1.48. The stock's 50-day moving average is $357.32 and its two-hundred day moving average is $378.97. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 0.99.

Adobe (NASDAQ:ADBE - Get Free Report) last issued its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $5.91 billion. During the same quarter in the previous year, the firm posted $4.65 EPS. The firm's revenue for the quarter was up 10.7% on a year-over-year basis. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. As a group, sell-side analysts forecast that Adobe Inc. will post 16.65 EPS for the current year.

Analysts Set New Price Targets

ADBE has been the topic of several recent research reports. Wells Fargo & Company restated an "overweight" rating and set a $470.00 price target (up previously from $430.00) on shares of Adobe in a report on Friday, June 13th. Mizuho decreased their price target on shares of Adobe from $530.00 to $460.00 and set an "outperform" rating for the company in a research note on Monday, September 8th. Wall Street Zen raised shares of Adobe from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Barclays raised their price target on Adobe from $460.00 to $465.00 and gave the company an "overweight" rating in a research note on Friday. Finally, Robert W. Baird lifted their price target on Adobe from $410.00 to $425.00 and gave the stock a "neutral" rating in a report on Monday, June 16th. Two 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 issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target 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.