Dodge & Cox lowered its holdings in Adobe Inc. (NASDAQ:ADBE - Free Report) by 5.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,900 shares of the software company's stock after selling 1,050 shares during the quarter. Dodge & Cox's holdings in Adobe were worth $7,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. Siemens Fonds Invest GmbH raised its stake in shares of Adobe by 252.9% in the fourth quarter. Siemens Fonds Invest GmbH now owns 55,658 shares of the software company's stock worth $25,000 after purchasing an additional 39,888 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in Adobe during the first quarter valued at $26,000. SWAN Capital LLC purchased a new stake in Adobe during the fourth quarter valued at $28,000. Copia Wealth Management purchased a new stake in Adobe during the fourth quarter valued at $28,000. Finally, HHM Wealth Advisors LLC purchased a new stake in Adobe during the first quarter valued at $30,000. Hedge funds and other institutional investors own 81.79% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the company. Oppenheimer reduced their price objective on Adobe from $530.00 to $500.00 and set an "outperform" rating for the company in a research report on Friday, June 13th. Redburn Atlantic cut Adobe from a "hold" rating to a "strong sell" rating and reduced their price objective for the company from $420.00 to $280.00 in a research report on Wednesday, July 2nd. Evercore ISI reiterated an "outperform" rating and set a $475.00 price objective on shares of Adobe in a research report on Friday, June 13th. Melius cut Adobe from a "hold" rating to a "sell" rating and set a $310.00 price objective for the company. in a research report on Monday, August 11th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $480.00 price target on shares of Adobe in a report on Thursday, June 5th. Two 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, the company presently has an average rating of "Moderate Buy" and a consensus price target of $467.58.
Check Out Our Latest Stock Analysis on ADBE
Adobe Price Performance
Shares of NASDAQ ADBE traded down $4.60 during mid-day trading on Thursday, reaching $351.76. The company's stock had a trading volume of 1,246,086 shares, compared to its average volume of 3,742,787. The firm has a market capitalization of $149.21 billion, a PE ratio of 22.51, a P/E/G ratio of 1.68 and a beta of 1.51. 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 stock has a fifty day moving average of $364.81 and a two-hundred day moving average of $388.37. Adobe Inc. has a 52 week low of $330.04 and a 52 week high of $587.75.
Adobe (NASDAQ:ADBE - Get Free Report) last released its quarterly earnings data on Thursday, June 12th. The software company reported $5.06 earnings per share for the quarter, topping analysts' consensus estimates of $4.97 by $0.09. The firm had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.80 billion. Adobe had a return on equity of 53.68% and a net margin of 30.39%.The business's quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.48 earnings per share. 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, sell-side analysts anticipate 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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