Ilmarinen Mutual Pension Insurance Co Has $29.51 Million Stake in Adobe Inc. $ADBE

Key Points

• Ilmarinen Mutual Pension Insurance Co reduced its stake in Adobe to $29.51 million, decreasing its holdings by 3.1% during the first quarter by selling 2,500 shares.
• Adobe's stock currently has a Moderate Buy rating from analysts, with a consensus price target of $446.74, despite varying price targets from different firms.
• The company reported a 10.6% year-over-year revenue increase, achieving $5.87 billion in its latest quarter, and exceeded earnings expectations with $5.06 per share.

Ilmarinen Mutual Pension Insurance Co decreased its holdings in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 3.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,951 shares of the software company's stock after selling 2,500 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in Adobe were worth $29,513,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ADBE. Garde Capital Inc. acquired a new stake in Adobe during the 1st quarter worth $34,000. PFG Advisors raised its holdings in Adobe by 20.8% during the 1st quarter. PFG Advisors now owns 4,964 shares of the software company's stock worth $1,904,000 after buying an additional 855 shares during the period. Krane Funds Advisors LLC raised its holdings in Adobe by 110.4% during the 1st quarter. Krane Funds Advisors LLC now owns 1,391 shares of the software company's stock worth $533,000 after buying an additional 730 shares during the period. Financial Counselors Inc. raised its holdings in Adobe by 9.2% during the 1st quarter. Financial Counselors Inc. now owns 62,851 shares of the software company's stock worth $24,105,000 after buying an additional 5,298 shares during the period. Finally, Koss Olinger Consulting LLC acquired a new stake in Adobe during the 1st quarter worth approximately $305,000. Institutional investors and hedge funds own 81.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. BMO Capital Markets reissued an "outperform" rating and issued a $450.00 price target on shares of Adobe in a research note on Friday, June 13th. Rothschild & Co Redburn downgraded Adobe from a "neutral" rating to a "sell" rating and set a $280.00 price target on the stock. in a research note on Wednesday, July 2nd. Barclays lowered their price objective on shares of Adobe from $567.00 to $460.00 and set an "overweight" rating on the stock in a report on Friday, September 5th. Stifel Nicolaus lowered their price objective on shares of Adobe from $525.00 to $480.00 and set a "buy" rating on the stock in a report on Friday, June 13th. Finally, Wall Street Zen upgraded shares of Adobe from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $446.74.

Adobe Trading Down 1.3%

Shares of Adobe stock opened at $354.06 on Wednesday. The business has a fifty day simple moving average of $359.07 and a two-hundred day simple moving average of $381.31. Adobe Inc. has a 1 year low of $330.04 and a 1 year high of $587.75. The company has a market capitalization of $150.19 billion, a price-to-earnings ratio of 22.65, a P/E/G ratio of 1.70 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.

Adobe (NASDAQ:ADBE - Get Free Report) last issued its quarterly earnings data on Thursday, June 12th. The software company reported $5.06 earnings per share (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 company had revenue of $5.87 billion during the quarter, compared to analysts' expectations of $5.80 billion. During the same quarter in the previous year, the company posted $4.48 earnings per share. The business's revenue was up 10.6% on a year-over-year basis. Adobe has set its Q3 2025 guidance at 5.150-5.200 EPS. FY 2025 guidance at 20.500-20.700 EPS. Research analysts forecast that Adobe Inc. will post 16.65 EPS for the current year.

About Adobe

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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