Banque Transatlantique SA Increases Stake in Adobe Inc. $ADBE

Key Points

• Banque Transatlantique SA increased its stake in Adobe Inc. (NASDAQ:ADBE) by 90.1% in Q1, owning 25,492 shares valued at $9.03 million after acquiring an additional 12,083 shares.
• Adobe's latest earnings report showed an EPS of $5.06, exceeding analysts' expectations of $4.97, with revenue of $5.87 billion for the quarter, reflecting a 10.6% increase year-over-year.
• A variety of institutional investors have recently altered their positions in Adobe, with 81.79% of the stock now held by hedge funds and institutional investors.

Banque Transatlantique SA boosted its position in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 90.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 25,492 shares of the software company's stock after purchasing an additional 12,083 shares during the quarter. Banque Transatlantique SA's holdings in Adobe were worth $9,035,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ADBE. Siemens Fonds Invest GmbH grew its position in Adobe by 252.9% during the 4th quarter. Siemens Fonds Invest GmbH now owns 55,658 shares of the software company's stock valued at $25,000 after purchasing an additional 39,888 shares during the last quarter. 1248 Management LLC purchased a new stake in Adobe during the 1st quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Adobe during the 1st quarter valued at about $26,000. SWAN Capital LLC purchased a new stake in Adobe during the 4th quarter valued at about $28,000. Finally, Copia Wealth Management purchased a new stake in Adobe during the 4th quarter valued at about $28,000. 81.79% of the stock is owned by hedge funds and other institutional investors.

Adobe Stock Performance

ADBE opened at $345.63 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The company has a market cap of $146.62 billion, a price-to-earnings ratio of 22.11, a PEG ratio of 1.69 and a beta of 1.48. The company's 50 day moving average is $362.73 and its 200 day moving average is $384.96. Adobe Inc. has a 12-month low of $330.04 and a 12-month high of $587.75.

Adobe (NASDAQ:ADBE - Get Free Report) last posted its quarterly earnings data on Thursday, June 12th. The software company reported $5.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.97 by $0.09. The company had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.80 billion. Adobe had a net margin of 30.39% and a return on equity of 53.68%. The firm's revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the firm posted $4.48 earnings per share. Adobe has set its Q3 2025 guidance at 5.150-5.200 EPS. FY 2025 guidance at 20.500-20.700 EPS. On average, equities research analysts predict that Adobe Inc. will post 16.65 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on ADBE shares. Mizuho dropped their price target on shares of Adobe from $575.00 to $530.00 and set an "outperform" rating on the stock in a report on Friday, June 13th. BMO Capital Markets reiterated an "outperform" rating and issued a $450.00 price target on shares of Adobe in a research note on Friday, June 13th. Melius lowered shares of Adobe from a "hold" rating to a "sell" rating and set a $310.00 price target for the company. in a research note on Monday, August 11th. Wall Street Zen lowered shares of Adobe from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Finally, Phillip Securities upgraded shares of Adobe from a "moderate sell" rating to a "strong-buy" rating in a research note on Monday, June 16th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $459.52.

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.

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