APG Asset Management N.V. Decreases Stock Holdings in Adobe Inc. $ADBE

Key Points

• APG Asset Management N.V. has reduced its stake in Adobe Inc. by 37.3%, now holding 276,227 shares valued at approximately $98 million as of the latest filing.
• Research firms have varying ratings on Adobe, with UBS raising its price target to $430 while Rothschild & Co downgraded the stock to sell with a target price of $280.
• Adobe reported strong quarterly earnings, with an EPS of $5.06, exceeding estimates, and projected a guidance for Q3 2025 earnings between $5.150 and $5.200.

APG Asset Management N.V. trimmed its position in Adobe Inc. (NASDAQ:ADBE - Free Report) by 37.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 276,227 shares of the software company's stock after selling 164,559 shares during the quarter. APG Asset Management N.V. owned 0.06% of Adobe worth $98,076,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Garde Capital Inc. purchased a new position in shares of Adobe in the first quarter worth $34,000. PFG Advisors boosted its holdings in Adobe by 20.8% in the first quarter. PFG Advisors now owns 4,964 shares of the software company's stock valued at $1,904,000 after acquiring an additional 855 shares in the last quarter. Krane Funds Advisors LLC boosted its holdings in Adobe by 110.4% in the first quarter. Krane Funds Advisors LLC now owns 1,391 shares of the software company's stock valued at $533,000 after acquiring an additional 730 shares in the last quarter. Financial Counselors Inc. boosted its holdings in Adobe by 9.2% in the first quarter. Financial Counselors Inc. now owns 62,851 shares of the software company's stock valued at $24,105,000 after acquiring an additional 5,298 shares in the last quarter. Finally, Koss Olinger Consulting LLC bought a new stake in Adobe in the first quarter valued at $305,000. 81.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on ADBE. UBS Group lifted their price target on shares of Adobe from $380.00 to $430.00 and gave the company a "neutral" rating in a report on Monday, June 9th. Robert W. Baird boosted their target price on shares of Adobe from $410.00 to $425.00 and gave the company a "neutral" rating in a report on Monday, June 16th. Oppenheimer dropped their target price on shares of Adobe from $530.00 to $500.00 and set an "outperform" rating on the stock in a report on Friday, June 13th. 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. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $480.00 target price on shares of Adobe in a report on Thursday, June 5th. Two investment 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 given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $467.58.

Adobe Price Performance

NASDAQ ADBE opened at $362.09 on Friday. Adobe Inc. has a 52 week low of $330.04 and a 52 week high of $587.75. The firm has a market capitalization of $153.60 billion, a P/E ratio of 23.17, a PEG ratio of 1.68 and a beta of 1.51. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average price of $366.57 and a 200-day moving average price of $389.97.

Adobe (NASDAQ:ADBE - Get Free Report) last released 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. Adobe had a net margin of 30.39% and a return on equity of 53.68%. The firm had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.80 billion. During the same quarter in the prior year, the firm earned $4.48 EPS. The business's revenue for the quarter was up 10.6% compared to the same quarter last year. Adobe has set its Q3 2025 guidance at 5.150-5.200 EPS. FY 2025 guidance at 20.500-20.700 EPS. Equities research analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current year.

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.

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