IFM Investors Pty Ltd Has $33.58 Million Holdings in Adobe Inc. $ADBE

Key Points

• IFM Investors Pty Ltd increased its stake in Adobe Inc. by 1.6%, acquiring an additional 1,344 shares to reach a total of 86,798 shares valued at approximately $33.58 million as of the end of the most recent quarter.
• Various hedge funds significantly increased their holdings in Adobe, with GAMMA Investing LLC leading with a 46,806.6% increase, now owning nearly 3 million shares worth over $1.14 billion.
• Analyst ratings for Adobe show a consensus of a Moderate Buy, with recent price targets from analysts ranging from $450 to $530, while the stock opened at $367.46 with a market cap of $155.88 billion.

IFM Investors Pty Ltd lifted its holdings in Adobe Inc. (NASDAQ:ADBE - Free Report) by 1.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,798 shares of the software company's stock after purchasing an additional 1,344 shares during the quarter. IFM Investors Pty Ltd's holdings in Adobe were worth $33,580,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ADBE. Siemens Fonds Invest GmbH raised its position 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 acquiring an additional 39,888 shares in the last quarter. 1248 Management LLC bought a new stake in Adobe during the first quarter worth $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Adobe in the first quarter valued at $26,000. SWAN Capital LLC acquired a new position in shares of Adobe in the fourth quarter valued at $28,000. Finally, Copia Wealth Management acquired a new position in shares of Adobe in the fourth quarter valued at $28,000. 81.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ADBE has been the topic of several research reports. Wall Street Zen upgraded shares of Adobe from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Citigroup decreased their price target on shares of Adobe from $450.00 to $400.00 and set a "neutral" rating on the stock in a research note on Thursday, September 11th. BMO Capital Markets decreased their price target on shares of Adobe from $450.00 to $405.00 and set an "outperform" rating on the stock in a research note on Friday, September 12th. Stifel Nicolaus decreased their price target on shares of Adobe from $525.00 to $480.00 and set a "buy" rating on the stock in a research note on Friday, June 13th. Finally, Piper Sandler decreased their price target on shares of Adobe from $500.00 to $470.00 and set an "overweight" rating on the stock in a research note on Friday, September 12th. One research analyst has 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's stock. Based on data from MarketBeat.com, Adobe presently has an average rating of "Moderate Buy" and a consensus price target of $435.63.

Adobe Price Performance

Shares of ADBE stock traded down $1.56 on Friday, reaching $365.90. The company had a trading volume of 7,675,797 shares, compared to its average volume of 4,978,333. The stock has a market capitalization of $155.21 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 1.65 and a beta of 1.48. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. Adobe Inc. has a one year low of $330.04 and a one year high of $557.90. The business's 50-day moving average is $355.88 and its 200 day moving average is $376.98.

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

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.