ASR Vermogensbeheer N.V. Has $50.97 Million Position in Adobe Inc. $ADBE

Key Points

• ASR Vermogensbeheer N.V. increased its holdings in Adobe Inc. by 3.2%, owning 131,748 shares valued at approximately $50.97 million.
• Adobe's most recent earnings exceeded expectations, with a reported EPS of $5.31 and revenue of $5.99 billion, indicating a 10.7% year-over-year revenue growth.
• Analyst ratings for Adobe show a consensus of "Hold" with an average price target of $433.41 amidst recent adjustments by major investment firms.

ASR Vermogensbeheer N.V. lifted its position in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 3.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 131,748 shares of the software company's stock after buying an additional 4,137 shares during the period. Adobe comprises about 0.7% of ASR Vermogensbeheer N.V.'s investment portfolio, making the stock its 27th largest holding. ASR Vermogensbeheer N.V.'s holdings in Adobe were worth $50,968,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Garde Capital Inc. acquired a new position in Adobe during the first quarter valued at approximately $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 valued at $1,904,000 after purchasing an additional 855 shares during 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 valued at $533,000 after purchasing an additional 730 shares during 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 valued at $24,105,000 after purchasing an additional 5,298 shares during the last quarter. Finally, Koss Olinger Consulting LLC acquired a new position in Adobe during the first quarter valued at approximately $305,000. 81.79% of the stock is owned by institutional investors and hedge funds.

Adobe Stock Down 2.6%

Shares of NASDAQ:ADBE opened at $343.72 on Thursday. The firm has a market cap of $143.88 billion, a P/E ratio of 21.42, a P/E/G ratio of 1.58 and a beta of 1.49. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. Adobe Inc. has a 12-month low of $330.04 and a 12-month high of $557.90. The business has a fifty day simple moving average of $354.11 and a 200 day simple moving average of $373.01.

Adobe (NASDAQ:ADBE - Get Free Report) last announced its earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.18 by $0.13. The business had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.91 billion. Adobe had a return on equity of 57.54% and a net margin of 30.01%.Adobe's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the company earned $4.65 EPS. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. Analysts predict that Adobe Inc. will post 16.65 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on ADBE shares. Royal Bank Of Canada reduced their price target on Adobe from $480.00 to $430.00 and set an "outperform" rating for the company in a research report on Monday, September 8th. Redburn Partners set a $280.00 price target on Adobe in a research report on Monday, September 1st. Melius cut Adobe from a "hold" rating to a "sell" rating and set a $310.00 price target for the company. in a research report on Monday, August 11th. JMP Securities restated a "market perform" rating on shares of Adobe in a research note on Friday, September 12th. Finally, BMO Capital Markets dropped their price objective on Adobe from $450.00 to $405.00 and set an "outperform" rating on the stock in a research note on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $433.41.

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.

Want to see what other hedge funds are holding ADBE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Adobe Inc. (NASDAQ:ADBE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.