Itau Unibanco Holding S.A. Boosts Stake in Adobe Inc. $ADBE

Key Points

• Itau Unibanco Holding S.A. significantly increased its stake in Adobe Inc. by 1,354.0% during the first quarter, owning a total of 6,194 shares worth approximately $2.4 million.
• Other institutional investors, including GAMMA Investing LLC and Goldman Sachs Group Inc., also raised their stakes dramatically in Adobe during the same period, indicating strong institutional interest in the stock.
• Analysts have mixed ratings for Adobe, with a consensus of "Moderate Buy" and various price targets ranging from $280 to $475, reflecting differing expectations for the company's performance.

Itau Unibanco Holding S.A. raised its position in Adobe Inc. (NASDAQ:ADBE - Free Report) by 1,354.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,194 shares of the software company's stock after buying an additional 5,768 shares during the period. Itau Unibanco Holding S.A.'s holdings in Adobe were worth $2,376,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ADBE. GAMMA Investing LLC increased its stake in Adobe by 46,806.6% in the 1st quarter. GAMMA Investing LLC now owns 2,990,767 shares of the software company's stock valued at $1,147,049,000 after buying an additional 2,984,391 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Adobe by 68.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,575,792 shares of the software company's stock valued at $1,754,954,000 after buying an additional 1,856,544 shares during the last quarter. Nuveen LLC purchased a new stake in Adobe in the 1st quarter valued at about $607,443,000. OVERSEA CHINESE BANKING Corp Ltd increased its stake in Adobe by 1,482.7% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,298,389 shares of the software company's stock valued at $498,000 after buying an additional 1,216,351 shares during the last quarter. Finally, Two Sigma Advisers LP increased its stake in Adobe by 1,414.5% in the 4th quarter. Two Sigma Advisers LP now owns 889,000 shares of the software company's stock valued at $395,321,000 after buying an additional 830,300 shares during the last quarter. Hedge funds and other institutional investors own 81.79% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Melius lowered shares of Adobe from a "hold" rating to a "sell" rating and set a $310.00 price objective for the company. in a research note on Monday, August 11th. Evercore ISI reaffirmed an "outperform" rating and issued a $475.00 price target on shares of Adobe in a report on Friday, June 13th. Redburn Atlantic cut shares of Adobe from a "hold" rating to a "strong sell" rating and lowered their price target for the stock from $420.00 to $280.00 in a report on Wednesday, July 2nd. Robert W. Baird lifted their price target on shares of Adobe from $410.00 to $425.00 and gave the stock a "neutral" rating in a report on Monday, June 16th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $450.00 price target on shares of Adobe in a report on Friday, June 13th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $467.58.

Adobe Trading Up 0.4%

NASDAQ:ADBE opened at $356.35 on Thursday. Adobe Inc. has a 12 month low of $330.04 and a 12 month high of $587.75. The stock has a market capitalization of $151.16 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 1.68 and a beta of 1.51. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The firm's 50 day moving average is $364.81 and its 200 day moving average is $388.37.

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, beating analysts' consensus estimates of $4.97 by $0.09. Adobe had a net margin of 30.39% and a return on equity of 53.68%. The business had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.80 billion. During the same period in the previous year, the business earned $4.48 EPS. Adobe'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. Sell-side analysts expect that Adobe Inc. will post 16.65 earnings per share for the current year.

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.

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