BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 1,041 Shares of Adobe Inc. $ADBE

Key Points

• BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp has decreased its stake in Adobe Inc. by 1.2%, now owning 83,253 shares valued at approximately $31.93 million.
• Institutional ownership for Adobe is strong, with 81.79% of the stock held by institutional investors, reflecting notable interest from major hedge funds.
• Adobe's recent earnings report showed EPS of $5.06, exceeding expectations, and the company has set its guidance for Q3 2025 EPS between 5.150-5.200.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its stake in Adobe Inc. (NASDAQ:ADBE - Free Report) by 1.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 83,253 shares of the software company's stock after selling 1,041 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Adobe were worth $31,930,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings 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 purchasing an additional 171,547 shares during the period. Bank of New York Mellon Corp raised its holdings 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 purchasing an additional 821,293 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Adobe by 12.7% in the fourth 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 valued at $2,375,345,000 after buying an additional 600,146 shares during the period. Northern Trust Corp raised its stake in shares of Adobe by 14.5% in the fourth quarter. Northern Trust Corp now owns 5,314,215 shares of the software company's stock valued at $2,363,125,000 after buying an additional 672,919 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Adobe by 68.3% in the first quarter. Goldman Sachs Group Inc. now owns 4,575,792 shares of the software company's stock valued at $1,754,954,000 after buying an additional 1,856,544 shares during the period. Institutional investors own 81.79% of the company's stock.

Adobe Trading Up 2.5%

Shares of ADBE stock opened at $362.09 on Friday. The company's fifty day simple moving average is $366.57 and its two-hundred day simple moving average is $389.64. 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 1 year low of $330.04 and a 1 year high of $587.75. The stock has a market capitalization of $153.60 billion, a price-to-earnings ratio of 23.17, a PEG ratio of 1.72 and a beta of 1.51.

Adobe (NASDAQ:ADBE - Get Free Report) last issued its earnings results on Thursday, June 12th. The software company reported $5.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.97 by $0.09. Adobe had a net margin of 30.39% and a return on equity of 53.68%. The business had revenue of $5.87 billion for the quarter, compared to analysts' expectations of $5.80 billion. During the same quarter in the previous year, the firm posted $4.48 EPS. The business's revenue for the quarter was up 10.6% compared to the same quarter last year. 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, analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on ADBE. JMP Securities restated a "market perform" rating on shares of Adobe in a research note on Monday, June 23rd. Phillip Securities upgraded Adobe from a "moderate sell" rating to a "strong-buy" rating in a research note on Monday, June 16th. Melius lowered shares of Adobe from a "hold" rating to a "sell" rating and set a $310.00 price target on the stock. in a research report on Monday, August 11th. Redburn Atlantic lowered shares of Adobe from a "hold" rating to a "strong sell" rating and lowered their price target for the company from $420.00 to $280.00 in a research report on Wednesday, July 2nd. Finally, Robert W. Baird boosted their price target on shares of Adobe from $410.00 to $425.00 and gave the company a "neutral" rating in a research report on Monday, June 16th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $467.58.

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.