BDF Gestion Cuts Holdings in Adobe Inc. $ADBE

Key Points

• BDF Gestion reduced its stake in Adobe Inc. by 9.8%, selling 1,152 shares, with holdings valued at $4,085,000 at the end of the recent reporting period.
• Adobe reported $5.31 earnings per share for the last quarter, surpassing analysts' estimates, and had a revenue increase of 10.7% year-over-year.
• Analysts give Adobe an average rating of "Moderate Buy", with an average target price of $435.63, indicating a mix of optimistic and cautious views among brokerages.

BDF Gestion trimmed its position in Adobe Inc. (NASDAQ:ADBE - Free Report) by 9.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,560 shares of the software company's stock after selling 1,152 shares during the quarter. BDF Gestion's holdings in Adobe were worth $4,085,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Copia Wealth Management bought a new stake in Adobe in the 4th quarter worth approximately $28,000. SWAN Capital LLC purchased a new position in shares of Adobe in the fourth quarter valued at $28,000. 1248 Management LLC bought a new stake in Adobe in the first quarter worth $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Adobe during the first quarter valued at $26,000. Finally, Flaharty Asset Management LLC purchased a new stake in Adobe during the first quarter valued at $29,000. 81.79% of the stock is owned by institutional investors.

Adobe Stock Down 0.4%

Shares of ADBE opened at $365.90 on Friday. The firm has a fifty day moving average price of $355.88 and a 200-day moving average price of $376.98. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $155.21 billion, a P/E ratio of 22.80, a P/E/G ratio of 1.65 and a beta of 1.48. Adobe Inc. has a 12-month low of $330.04 and a 12-month high of $557.90.

Adobe (NASDAQ:ADBE - Get Free Report) last announced its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, beating analysts' consensus estimates of $5.18 by $0.13. The company had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The firm's revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter last year, the business posted $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. Equities research analysts expect that Adobe Inc. will post 16.65 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on ADBE. Piper Sandler dropped their price objective on shares of Adobe from $500.00 to $470.00 and set an "overweight" rating for the company in a research note on Friday, September 12th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $470.00 price target (up previously from $430.00) on shares of Adobe in a report on Friday, June 13th. Redburn Atlantic cut Adobe from a "hold" rating to a "strong sell" rating and reduced their price objective for the stock from $420.00 to $280.00 in a research note on Wednesday, July 2nd. UBS Group lowered their price objective on Adobe from $400.00 to $375.00 and set a "neutral" rating for the company in a research note on Friday, September 12th. Finally, Evercore ISI dropped their price objective on shares of Adobe from $475.00 to $450.00 and set an "outperform" rating for the company in a research note on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $435.63.

About Adobe

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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