Avanza Fonder AB Increases Stock Position in Adobe Inc. $ADBE

Key Points

• Avanza Fonder AB increased its stake in Adobe Inc. by 6.7%, purchasing an additional 1,782 shares, bringing its total holdings to 28,514 shares valued at approximately $11 million.
• Adobe's recent quarterly earnings exceeded expectations, reporting an EPS of $5.31 and revenue of $5.99 billion, a 10.7% increase year-over-year.
• Institutional investors own 81.79% of Adobe's stock, indicating strong institutional interest and support for the company's stability and growth.

Avanza Fonder AB increased its stake in Adobe Inc. (NASDAQ:ADBE - Free Report) by 6.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,514 shares of the software company's stock after buying an additional 1,782 shares during the quarter. Avanza Fonder AB's holdings in Adobe were worth $11,031,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Orin Green Financial LLC increased its stake in Adobe by 3.8% during the 4th quarter. Orin Green Financial LLC now owns 621 shares of the software company's stock worth $276,000 after buying an additional 23 shares in the last quarter. Schmidt P J Investment Management Inc. increased its stake in Adobe by 2.9% during the 1st quarter. Schmidt P J Investment Management Inc. now owns 896 shares of the software company's stock worth $344,000 after buying an additional 25 shares in the last quarter. GS Investments Inc. increased its stake in Adobe by 0.3% during the 1st quarter. GS Investments Inc. now owns 7,563 shares of the software company's stock worth $2,901,000 after buying an additional 26 shares in the last quarter. Ted Buchan & Co increased its stake in Adobe by 1.9% during the 1st quarter. Ted Buchan & Co now owns 1,368 shares of the software company's stock worth $525,000 after buying an additional 26 shares in the last quarter. Finally, Lifeworks Advisors LLC increased its stake in Adobe by 3.6% during the 1st quarter. Lifeworks Advisors LLC now owns 786 shares of the software company's stock worth $301,000 after buying an additional 27 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company's stock.

Adobe Stock Performance

Shares of ADBE traded down $1.66 during midday trading on Tuesday, reaching $362.42. 2,378,960 shares of the stock were exchanged, compared to its average volume of 3,951,146. The business's 50-day moving average price is $355.82 and its 200 day moving average price is $375.39. 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 Inc. has a twelve month low of $330.04 and a twelve month high of $557.90. The company has a market capitalization of $153.74 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 1.64 and a beta of 1.48.

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

Analyst Ratings Changes

ADBE has been the subject of several research reports. Mizuho cut their price objective on Adobe from $530.00 to $460.00 and set an "outperform" rating for the company in a research note on Monday, September 8th. Piper Sandler lowered their price objective on Adobe from $500.00 to $470.00 and set an "overweight" rating on the stock in a research note on Friday, September 12th. Royal Bank Of Canada lowered their price objective on Adobe from $480.00 to $430.00 and set an "outperform" rating on the stock in a research note on Monday, September 8th. Oppenheimer lowered their price objective on Adobe from $500.00 to $460.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 9th. Finally, Barclays boosted their price objective on Adobe from $460.00 to $465.00 and gave the stock an "overweight" rating in a research note on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.