Adobe Inc. $ADBE Shares Sold by Lansforsakringar Fondforvaltning AB publ

Key Points

• Lansforsakringar Fondforvaltning AB publ has reduced its stake in Adobe Inc. by 34.3%, selling 78,576 shares, leaving it with 150,416 shares worth approximately $57.7 million.
• Various institutional investors have traded shares of Adobe; over 81% of the company's stock is now held by institutional investors, indicating strong institutional interest.
• Adobe recently reported earnings per share of $5.06, beating analysts' estimates, with a revenue increase of 10.6% year-over-year, leading to a positive outlook for the upcoming fiscal year.

Lansforsakringar Fondforvaltning AB publ decreased its position in Adobe Inc. (NASDAQ:ADBE - Free Report) by 34.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 150,416 shares of the software company's stock after selling 78,576 shares during the period. Lansforsakringar Fondforvaltning AB publ's holdings in Adobe were worth $57,689,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MYDA Advisors LLC increased its holdings in Adobe by 390.9% in the first quarter. MYDA Advisors LLC now owns 5,400 shares of the software company's stock valued at $2,071,000 after buying an additional 4,300 shares in the last quarter. OMERS ADMINISTRATION Corp increased its holdings in Adobe by 1.7% in the first quarter. OMERS ADMINISTRATION Corp now owns 348,303 shares of the software company's stock valued at $133,585,000 after buying an additional 5,971 shares in the last quarter. Broyhill Asset Management LLC increased its holdings in Adobe by 9.7% in the first quarter. Broyhill Asset Management LLC now owns 732 shares of the software company's stock valued at $281,000 after buying an additional 65 shares in the last quarter. Coalescence Partners Investment Management LP purchased a new position in Adobe in the first quarter valued at $17,642,000. Finally, B. Metzler seel. Sohn & Co. AG increased its holdings in Adobe by 9.1% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 45,223 shares of the software company's stock valued at $17,344,000 after buying an additional 3,754 shares in the last quarter. Hedge funds and other institutional investors own 81.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ADBE shares. Evercore ISI reaffirmed an "outperform" rating and issued a $475.00 price objective on shares of Adobe in a report on Friday, June 13th. Phillip Securities raised shares of Adobe from a "moderate sell" rating to a "strong-buy" rating in a research note on Monday, June 16th. DA Davidson reissued a "buy" rating and set a $500.00 target price on shares of Adobe in a research note on Friday, June 20th. BMO Capital Markets reissued an "outperform" rating and set a $450.00 target price on shares of Adobe in a research note on Friday, June 13th. Finally, Bank of America boosted their target price on shares of Adobe from $424.00 to $475.00 and gave the stock a "buy" rating in a research note on Friday, June 13th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Adobe has a consensus rating of "Moderate Buy" and an average target price of $466.42.

Adobe Price Performance

NASDAQ ADBE traded up $2.74 during trading hours on Friday, hitting $356.70. 2,637,158 shares of the company's stock traded hands, compared to its average volume of 3,666,279. Adobe Inc. has a 52-week low of $330.04 and a 52-week high of $587.75. The company has a market capitalization of $151.31 billion, a PE ratio of 22.82, a PEG ratio of 1.69 and a beta of 1.51. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.99 and a quick ratio of 0.99. The firm's 50-day moving average is $363.93 and its 200-day moving average is $386.47.

Adobe (NASDAQ:ADBE - Get Free Report) last announced its quarterly earnings data on Thursday, June 12th. The software company reported $5.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.97 by $0.09. Adobe had a net margin of 30.39% and a return on equity of 53.68%. 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 prior year, the company 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. Equities 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.