DnB Asset Management AS Has $171.95 Million Stock Position in Adobe Inc. $ADBE

Key Points

• DnB Asset Management AS increased its stake in Adobe Inc. by 115.2% during the 1st quarter, owning a total of 448,322 shares which represents approximately 0.8% of its portfolio.
• Multiple institutional investors have also recently acquired stakes in Adobe, with hedge funds owning 81.79% of the company's stock.
• Adobe's most recent quarterly earnings showed an EPS of $5.06, surpassing analysts' expectations, and the company provided a Q3 2025 EPS guidance of 5.150-5.200.

DnB Asset Management AS increased its stake in Adobe Inc. (NASDAQ:ADBE - Free Report) by 115.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 448,322 shares of the software company's stock after purchasing an additional 240,031 shares during the quarter. Adobe comprises about 0.8% of DnB Asset Management AS's portfolio, making the stock its 24th biggest holding. DnB Asset Management AS owned 0.11% of Adobe worth $171,945,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Brighton Jones LLC lifted its holdings in Adobe by 2.1% in the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company's stock valued at $3,588,000 after acquiring an additional 167 shares during the last quarter. Bank Pictet & Cie Europe AG grew its holdings in Adobe by 2.7% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 28,969 shares of the software company's stock valued at $12,882,000 after purchasing an additional 756 shares during the last quarter. Cetera Investment Advisers grew its holdings in Adobe by 5.6% during the fourth quarter. Cetera Investment Advisers now owns 91,842 shares of the software company's stock valued at $40,840,000 after purchasing an additional 4,889 shares during the last quarter. Corton Capital Inc. bought a new stake in shares of Adobe in the fourth quarter valued at approximately $321,000. Finally, Cornerstone Select Advisors LLC bought a new stake in shares of Adobe in the fourth quarter valued at approximately $974,000. Institutional investors and hedge funds own 81.79% of the company's stock.

Adobe Price Performance

Shares of NASDAQ:ADBE traded up $9.69 during midday trading on Monday, reaching $358.66. The company's stock had a trading volume of 5,032,953 shares, compared to its average volume of 3,770,413. Adobe Inc. has a fifty-two week low of $330.04 and a fifty-two week high of $587.75. The company has a market capitalization of $152.14 billion, a P/E ratio of 22.95, a P/E/G ratio of 1.65 and a beta of 1.48. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.99 and a quick ratio of 0.99. The business's fifty day simple moving average is $360.40 and its 200-day simple moving average is $382.10.

Adobe (NASDAQ:ADBE - Get Free Report) last announced its earnings results on Thursday, June 12th. The software company reported $5.06 earnings per share for the quarter, beating 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 company had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.80 billion. During the same period last year, the company posted $4.48 earnings per share. The firm's quarterly 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, equities research analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on ADBE. BMO Capital Markets reaffirmed an "outperform" rating and issued a $450.00 target price on shares of Adobe in a research report on Friday, June 13th. Stifel Nicolaus reduced their target price on Adobe from $525.00 to $480.00 and set a "buy" rating for the company in a research report on Friday, June 13th. DA Davidson reaffirmed a "buy" rating and issued a $500.00 target price on shares of Adobe in a research report on Friday, June 20th. Rothschild & Co Redburn cut Adobe from a "neutral" rating to a "sell" rating and set a $280.00 target price for the company. in a research report on Wednesday, July 2nd. Finally, Redburn Atlantic cut Adobe from a "hold" rating to a "strong sell" rating and reduced their target price for the stock from $420.00 to $280.00 in a research report on Wednesday, July 2nd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $448.22.

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.