Erste Asset Management GmbH Purchases 39,880 Shares of Adobe Inc. $ADBE

Key Points

• Erste Asset Management GmbH has increased its stake in Adobe Inc. by 17.5%, acquiring an additional 39,880 shares, bringing their total ownership to 267,214 shares.
• Adobe reported $5.87 billion in revenue for the last quarter, surpassing expectations, and its earnings per share were $5.06, exceeding analysts' predictions.
• A number of institutional investors have also adjusted their positions in Adobe, with 81.79% of the stock now owned by such investors.

Erste Asset Management GmbH raised its position in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 17.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 267,214 shares of the software company's stock after purchasing an additional 39,880 shares during the period. Adobe comprises 1.3% of Erste Asset Management GmbH's portfolio, making the stock its 11th biggest position. Erste Asset Management GmbH owned 0.06% of Adobe worth $103,325,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ADBE. Garde Capital Inc. purchased a new position in shares of Adobe in the 1st quarter valued at $34,000. PFG Advisors increased its holdings in shares of Adobe by 20.8% in the 1st quarter. PFG Advisors now owns 4,964 shares of the software company's stock valued at $1,904,000 after acquiring an additional 855 shares during the period. Krane Funds Advisors LLC increased its holdings in shares of Adobe by 110.4% in the 1st quarter. Krane Funds Advisors LLC now owns 1,391 shares of the software company's stock valued at $533,000 after acquiring an additional 730 shares during the period. Burling Wealth Partners LLC purchased a new position in shares of Adobe in the 4th quarter valued at $1,173,000. Finally, Financial Counselors Inc. increased its holdings in shares of Adobe by 9.2% in the 1st quarter. Financial Counselors Inc. now owns 62,851 shares of the software company's stock valued at $24,105,000 after acquiring an additional 5,298 shares during the period. 81.79% of the stock is owned by institutional investors.

Adobe Stock Up 1.1%

Adobe stock opened at $361.03 on Wednesday. Adobe Inc. has a fifty-two week low of $330.04 and a fifty-two week high of $587.75. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $153.15 billion, a PE ratio of 23.10, a PEG ratio of 1.69 and a beta of 1.51. The business's 50-day simple moving average is $369.56 and its two-hundred day simple moving average is $391.35.

Adobe (NASDAQ:ADBE - Get Free Report) last issued its earnings results on Thursday, June 12th. The software company reported $5.06 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 firm 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 business earned $4.48 earnings per share. The company'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. Equities analysts anticipate that Adobe Inc. will post 16.65 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ADBE. Stifel Nicolaus cut their price target on Adobe from $525.00 to $480.00 and set a "buy" rating on the stock in a report on Friday, June 13th. Robert W. Baird lifted their price target on Adobe from $410.00 to $425.00 and gave the company a "neutral" rating in a report on Monday, June 16th. UBS Group upped their target price on Adobe from $380.00 to $430.00 and gave the company a "neutral" rating in a research report on Monday, June 9th. Evercore ISI reaffirmed an "outperform" rating and set a $475.00 target price on shares of Adobe in a research report on Friday, June 13th. Finally, Wall Street Zen raised Adobe from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. 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 assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $467.58.

Adobe Company 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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