Carmignac Gestion lowered its holdings in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 33.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 10,628 shares of the software company's stock after selling 5,321 shares during the period. Carmignac Gestion's holdings in Adobe were worth $4,080,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Siemens Fonds Invest GmbH raised its stake in Adobe by 252.9% during the fourth quarter. Siemens Fonds Invest GmbH now owns 55,658 shares of the software company's stock worth $25,000 after buying an additional 39,888 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in Adobe during the first quarter worth $26,000. SWAN Capital LLC bought a new position in Adobe during the fourth quarter worth $28,000. Copia Wealth Management bought a new position in Adobe during the fourth quarter worth $28,000. Finally, HHM Wealth Advisors LLC bought a new position in Adobe during the first quarter worth $30,000. Institutional investors own 81.79% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have commented on the stock. Wells Fargo & Company restated an "overweight" rating and issued a $470.00 price target (up from $430.00) on shares of Adobe in a report on Friday, June 13th. DA Davidson restated a "buy" rating and issued a $500.00 price target on shares of Adobe in a report on Friday, June 20th. 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 report on Monday, June 16th. Stifel Nicolaus reduced their price target on shares of Adobe from $525.00 to $480.00 and set a "buy" rating for the company in a report on Friday, June 13th. Finally, Redburn Atlantic cut 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 report on Wednesday, July 2nd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $467.58.
Get Our Latest Research Report on Adobe
Adobe Stock Up 2.5%
Adobe stock traded up $8.66 during midday trading on Friday, hitting $362.09. 3,050,086 shares of the stock were exchanged, compared to its average volume of 3,774,250. Adobe Inc. has a 52-week low of $330.04 and a 52-week high of $587.75. The stock has a market capitalization of $153.60 billion, a price-to-earnings ratio of 23.17, a price-to-earnings-growth ratio of 1.68 and a beta of 1.51. The business's 50-day moving average price is $367.17 and its 200-day moving average price is $390.51. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.54.
Adobe (NASDAQ:ADBE - Get Free Report) last released its quarterly earnings results on Thursday, June 12th. The software company reported $5.06 earnings per share for the quarter, topping the consensus estimate 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 period in the previous year, the company earned $4.48 earnings per share. The firm'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. On average, research analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.
About Adobe
(
Free Report)
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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