Adobe Inc. $ADBE Shares Sold by Baird Financial Group Inc.

Key Points

• Baird Financial Group Inc. sold 26,223 shares of Adobe Inc., reducing its holdings by 26.6% in the first quarter, leaving it with 72,296 shares valued at approximately $27.7 million.
• Adobe reported a quarterly EPS of $5.06, exceeding analyst estimates, with revenue of $5.87 billion—10.6% higher than the same quarter last year.
• Wall Street analysts have varied opinions on Adobe's stock, with price targets ranging from $280.00 to $575.00 and ratings ranging from "Strong Buy" to "Sell."

Baird Financial Group Inc. trimmed its stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 26.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,296 shares of the software company's stock after selling 26,223 shares during the quarter. Baird Financial Group Inc.'s holdings in Adobe were worth $27,728,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in ADBE. Vanguard Group Inc. lifted its position in shares of Adobe by 0.4% in the 1st 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 last quarter. Bank of New York Mellon Corp lifted its position in shares of Adobe by 14.4% in the 1st 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Adobe by 12.7% in the 4th 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 last quarter. Goldman Sachs Group Inc. lifted its position in shares of Adobe by 68.3% in the 1st 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 last quarter. Finally, Deutsche Bank AG lifted its position in shares of Adobe by 6.8% in the 1st quarter. Deutsche Bank AG now owns 3,735,509 shares of the software company's stock worth $1,432,680,000 after buying an additional 238,542 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ADBE shares. Rothschild & Co Redburn downgraded shares of Adobe from a "neutral" rating to a "sell" rating and set a $280.00 price target on the stock. in a research report on Wednesday, July 2nd. Redburn Atlantic downgraded shares of Adobe from a "hold" rating to a "strong sell" rating and reduced their price target for the stock from $420.00 to $280.00 in a research report on Wednesday, July 2nd. Bank of America raised their price target on shares of Adobe from $424.00 to $475.00 and gave the stock a "buy" rating in a research report on Friday, June 13th. Robert W. Baird raised their price target on shares of Adobe from $410.00 to $425.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. Finally, DA Davidson restated a "buy" rating and issued a $500.00 price target on shares of Adobe in a research report on Friday, June 20th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Adobe has an average rating of "Moderate Buy" and an average target price of $452.67.

Adobe Stock Performance

Shares of ADBE stock traded up $4.66 during trading hours on Friday, reaching $348.97. The stock had a trading volume of 4,661,454 shares, compared to its average volume of 3,273,635. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.99 and a quick ratio of 0.99. Adobe Inc. has a twelve month low of $330.04 and a twelve month high of $587.75. The firm has a 50-day simple moving average of $360.40 and a 200-day simple moving average of $383.12. The firm has a market capitalization of $148.03 billion, a PE ratio of 22.33, a price-to-earnings-growth ratio of 1.63 and a beta of 1.48.

Adobe (NASDAQ:ADBE - Get Free Report) last released its 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 for the quarter, compared to analysts' expectations of $5.80 billion. Adobe had a net margin of 30.39% and a return on equity of 53.68%. Adobe's quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the company earned $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. As a group, equities analysts forecast 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.