Kennedy Investment Group Has $552,000 Holdings in Adobe Inc. $ADBE

Key Points

• Kennedy Investment Group has reduced its stake in Adobe Inc. by 38.4%, now holding 1,428 shares valued at $552,000.
• Several large investors, including GAMMA Investing and Goldman Sachs, have significantly increased their stakes in Adobe, with institutional investors collectively owning 81.79% of the stock.
• Adobe reported earnings of $5.31 per share in its latest quarter, exceeding expectations, and projects a fiscal year 2025 guidance of 20.800-20.850 EPS.

Kennedy Investment Group reduced its stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 38.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,428 shares of the software company's stock after selling 890 shares during the quarter. Kennedy Investment Group's holdings in Adobe were worth $552,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ADBE. GAMMA Investing LLC raised its stake in Adobe by 46,806.6% during 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 purchasing an additional 2,984,391 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Adobe by 308.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,109,436 shares of the software company's stock valued at $1,202,979,000 after purchasing an additional 2,347,562 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Adobe by 68.3% during 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 purchasing an additional 1,856,544 shares during the last quarter. Nuveen LLC bought a new stake in Adobe in the 1st quarter valued at $607,443,000. Finally, OVERSEA CHINESE BANKING Corp Ltd increased its holdings 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 period. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on ADBE. Wall Street Zen raised shares of Adobe from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Bank of America boosted their price target on shares of Adobe from $424.00 to $475.00 and gave the company a "buy" rating in a report on Friday, June 13th. BMO Capital Markets lowered their price target on shares of Adobe from $450.00 to $405.00 and set an "outperform" rating on the stock in a report on Friday, September 12th. Redburn Partners set a $280.00 price target on shares of Adobe in a report on Monday, September 1st. Finally, Royal Bank Of Canada lowered their price target on shares of Adobe from $480.00 to $430.00 and set an "outperform" rating on the stock in a report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, Adobe presently has an average rating of "Hold" and a consensus price target of $433.41.

Adobe Stock Down 2.4%

ADBE opened at $353.27 on Thursday. The firm's 50-day simple moving average is $355.60 and its 200-day simple moving average is $375.14. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.99 and a current ratio of 1.02. Adobe Inc. has a twelve month low of $330.04 and a twelve month high of $557.90. The firm has a market cap of $149.86 billion, a price-to-earnings ratio of 22.01, a PEG ratio of 1.62 and a beta of 1.48.

Adobe (NASDAQ:ADBE - Get Free Report) last posted its earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, topping the consensus estimate of $5.18 by $0.13. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The business had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.91 billion. During the same quarter in the prior year, the firm earned $4.65 EPS. The firm's quarterly revenue was up 10.7% compared to the same quarter last year. 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 anticipate 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.

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