Caisse DE Depot ET Placement DU Quebec Raises Stock Holdings in Adobe Inc. $ADBE

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in Adobe by 27.4% during the first quarter, now holding 572,262 shares valued at approximately $219,480,000.
• Adobe's recent quarterly earnings surpassed expectations, reporting $5.06 EPS against a consensus of $4.97, with revenue of $5.87 billion, up 10.6% year-over-year.
• Analysts have set new price targets for Adobe, with DA Davidson at $500.00 and Wells Fargo at $470.00, reflecting a generally positive outlook amid a consensus rating of "Moderate Buy."

Caisse DE Depot ET Placement DU Quebec raised its position in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 27.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 572,262 shares of the software company's stock after acquiring an additional 123,251 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.13% of Adobe worth $219,480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Eagle Strategies LLC raised its holdings in Adobe by 1.5% during the 4th quarter. Eagle Strategies LLC now owns 1,465 shares of the software company's stock valued at $651,000 after buying an additional 22 shares during the period. RB Capital Management LLC raised its holdings in Adobe by 0.4% during the 4th quarter. RB Capital Management LLC now owns 4,944 shares of the software company's stock valued at $2,198,000 after buying an additional 22 shares during the period. Orin Green Financial LLC raised its holdings in Adobe by 3.8% during the 4th quarter. Orin Green Financial LLC now owns 621 shares of the software company's stock valued at $276,000 after buying an additional 23 shares during the period. Diligent Investors LLC raised its holdings in Adobe by 1.2% during the 4th quarter. Diligent Investors LLC now owns 2,160 shares of the software company's stock valued at $961,000 after buying an additional 26 shares during the period. Finally, Second Line Capital LLC raised its holdings in Adobe by 3.5% during the 4th quarter. Second Line Capital LLC now owns 768 shares of the software company's stock valued at $342,000 after buying an additional 26 shares during the period. 81.79% of the stock is owned by hedge funds and other institutional investors.

Adobe Stock Performance

Shares of Adobe stock opened at $362.09 on Monday. Adobe Inc. has a 52 week low of $330.04 and a 52 week high of $587.75. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.54. The stock's fifty day moving average is $366.57 and its two-hundred day moving average is $389.32. The company has a market capitalization of $153.60 billion, a PE ratio of 23.17, a price-to-earnings-growth ratio of 1.72 and a beta of 1.51.

Adobe (NASDAQ:ADBE - Get Free Report) last posted its quarterly earnings results 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. Adobe had a return on equity of 53.68% and a net margin of 30.39%.The business had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.80 billion. During the same quarter in the prior year, the company earned $4.48 EPS. The business's revenue 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 expect that Adobe Inc. will post 16.65 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on ADBE shares. DA Davidson restated a "buy" rating and set a $500.00 price target on shares of Adobe in a report on Friday, June 20th. Wells Fargo & Company restated an "overweight" rating and set a $470.00 price target (up previously from $430.00) on shares of Adobe in a report on Friday, June 13th. Phillip Securities raised Adobe from a "moderate sell" rating to a "strong-buy" rating in a research report on Monday, June 16th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $450.00 price objective on shares of Adobe in a research report on Friday, June 13th. Finally, Wall Street Zen downgraded Adobe from a "buy" rating to a "hold" rating in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Adobe presently has a consensus rating of "Moderate Buy" and an average target price of $467.58.

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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