Czech National Bank Has $40.30 Million Stock Position in Adobe Inc. $ADBE

Key Points

• The Czech National Bank increased its stake in Adobe Inc. by 4.2% during the 2nd quarter, holding a position worth $40.30 million with 104,178 shares.
• Adobe reported a 10.7% increase in quarterly revenue year-over-year, with earnings per share of $5.31, surpassing analysts' estimates.
• Analyst ratings on Adobe are mixed, with one strong buy, 15 buys, and a consensus price target of $435.63, reflecting varying outlooks on the company's stock performance.

Czech National Bank increased its stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 4.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,178 shares of the software company's stock after buying an additional 4,213 shares during the period. Czech National Bank's holdings in Adobe were worth $40,304,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Siemens Fonds Invest GmbH lifted 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 period. 1248 Management LLC acquired a new position in Adobe during the 1st quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Adobe during the 1st quarter valued at about $26,000. SWAN Capital LLC acquired a new position in Adobe during the 4th quarter valued at about $28,000. Finally, Copia Wealth Management acquired a new position in Adobe during the 4th quarter valued at about $28,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Adobe Price Performance

NASDAQ ADBE opened at $347.10 on Tuesday. The business has a 50 day simple moving average of $356.72 and a 200 day simple moving average of $378.33. Adobe Inc. has a 52-week low of $330.04 and a 52-week high of $557.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.99 and a current ratio of 1.02. The stock has a market cap of $147.24 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 1.65 and a beta of 1.48.

Adobe (NASDAQ:ADBE - Get Free Report) last posted its earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.18 by $0.13. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The business had revenue of $5.99 billion during the quarter, compared to analysts' expectations of $5.91 billion. During the same period in the prior year, the business earned $4.65 EPS. Adobe's revenue for the quarter was up 10.7% compared to the same quarter last year. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. Analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ADBE shares. UBS Group lowered their price target on Adobe from $400.00 to $375.00 and set a "neutral" rating for the company in a research note on Friday. Barclays upped their price target on Adobe from $460.00 to $465.00 and gave the company an "overweight" rating in a research note on Friday. Piper Sandler lowered their price target on Adobe from $500.00 to $470.00 and set an "overweight" rating for the company in a research note on Friday. Oppenheimer lowered their price target on Adobe from $500.00 to $460.00 and set an "outperform" rating for the company in a research note on Tuesday, September 9th. Finally, Phillip Securities raised Adobe from a "moderate sell" rating to a "strong-buy" rating in a research note on Monday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $435.63.

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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