MetLife Investment Management LLC Sells 4,101 Shares of Adobe Inc. $ADBE

Key Points

• MetLife Investment Management LLC reduced its stake in Adobe Inc. by 3.0%, selling 4,101 shares and holding a total of 132,020 shares valued at $50.6 million after the sale.
• Adobe recently reported $5.06 EPS for its latest quarter, exceeding analysts' expectations, and noted a 10.6% year-over-year revenue increase to $5.87 billion.
• Analysts have varying views on Adobe's stock, with a range of target prices from $280.00 to $475.00, leading to an average rating of "Moderate Buy".

MetLife Investment Management LLC cut its position in Adobe Inc. (NASDAQ:ADBE - Free Report) by 3.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,020 shares of the software company's stock after selling 4,101 shares during the quarter. MetLife Investment Management LLC's holdings in Adobe were worth $50,634,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Garde Capital Inc. bought a new stake in shares of Adobe in the first quarter valued at $34,000. PFG Advisors raised its stake in shares of Adobe by 20.8% in the first quarter. PFG Advisors now owns 4,964 shares of the software company's stock valued at $1,904,000 after buying an additional 855 shares during the period. Krane Funds Advisors LLC raised its stake in shares of Adobe by 110.4% in the first quarter. Krane Funds Advisors LLC now owns 1,391 shares of the software company's stock valued at $533,000 after buying an additional 730 shares during the period. Financial Counselors Inc. raised its stake in shares of Adobe by 9.2% in the first quarter. Financial Counselors Inc. now owns 62,851 shares of the software company's stock valued at $24,105,000 after buying an additional 5,298 shares during the period. Finally, Koss Olinger Consulting LLC bought a new stake in shares of Adobe in the first quarter valued at $305,000. 81.79% of the stock is currently owned by institutional investors.

Adobe Price Performance

Adobe stock opened at $362.09 on Friday. Adobe Inc. has a 52 week low of $330.04 and a 52 week high of $587.75. The business has a 50-day simple moving average of $366.57 and a 200 day simple moving average of $389.64. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.54. The stock has a market cap of $153.60 billion, a price-to-earnings ratio of 23.17, a PEG ratio of 1.72 and a beta of 1.51.

Adobe (NASDAQ:ADBE - Get Free Report) last posted its earnings results on Thursday, June 12th. The software company reported $5.06 EPS for the quarter, topping the consensus estimate of $4.97 by $0.09. Adobe had a return on equity of 53.68% and a net margin of 30.39%.The business had revenue of $5.87 billion during the quarter, compared to analysts' expectations of $5.80 billion. During the same period in the previous year, the business earned $4.48 earnings per share. The firm'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. On average, research analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on ADBE shares. Rothschild & Co Redburn lowered Adobe from a "neutral" rating to a "sell" rating and set a $280.00 target price on the stock. in a research note on Wednesday, July 2nd. Citigroup reduced their price target on Adobe from $465.00 to $450.00 and set a "neutral" rating for the company in a research report on Monday, June 16th. Evercore ISI reiterated an "outperform" rating and issued a $475.00 price target on shares of Adobe in a research report on Friday, June 13th. Phillip Securities upgraded Adobe from a "moderate sell" rating to a "strong-buy" rating in a research report on Monday, June 16th. Finally, Bank of America lifted their price target on Adobe from $424.00 to $475.00 and gave the company a "buy" rating in a research 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 given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $467.58.

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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