Mn Services Vermogensbeheer B.V. Reduces Stock Position in Adobe Inc. $ADBE

Key Points

• Mn Services Vermogensbeheer B.V. has reduced its stake in Adobe Inc. by 4.3%, now holding 159,374 shares valued at approximately $61.7 million.
• Adobe's latest quarterly earnings exceeded expectations with $5.31 EPS on revenues of $5.99 billion, reflecting a 10.7% annual growth.
• Current analyst consensus rates Adobe stock as a "Moderate Buy" with a price target of $435.63, following several price target adjustments from major firms.

Mn Services Vermogensbeheer B.V. reduced its holdings in Adobe Inc. (NASDAQ:ADBE - Free Report) by 4.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 159,374 shares of the software company's stock after selling 7,200 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Adobe were worth $61,659,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Siemens Fonds Invest GmbH increased its stake in Adobe by 252.9% during the fourth quarter. Siemens Fonds Invest GmbH now owns 55,658 shares of the software company's stock valued at $25,000 after acquiring an additional 39,888 shares during the period. 1248 Management LLC acquired a new position in shares of Adobe during the 1st quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in Adobe during the first quarter worth about $26,000. SWAN Capital LLC acquired a new stake in Adobe during the fourth quarter worth approximately $28,000. Finally, Copia Wealth Management bought a new position in shares of Adobe during the fourth quarter worth approximately $28,000. Institutional investors and hedge funds own 81.79% of the company's stock.

Adobe Price Performance

ADBE traded down $1.56 on Friday, hitting $365.90. 7,675,797 shares of the company's stock were exchanged, compared to its average volume of 4,978,333. Adobe Inc. has a fifty-two week low of $330.04 and a fifty-two week high of $557.90. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.53. The firm has a 50-day moving average price of $355.88 and a 200-day moving average price of $376.47. The stock has a market cap of $155.21 billion, a price-to-earnings ratio of 22.80, a P/E/G ratio of 1.64 and a beta of 1.48.

Adobe (NASDAQ:ADBE - Get Free Report) last announced its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, beating analysts' consensus estimates of $5.18 by $0.13. The business had revenue of $5.99 billion during the quarter, compared to analysts' expectations of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The business's revenue for the quarter was up 10.7% on a year-over-year basis. During the same period last year, the business earned $4.65 earnings per share. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. As a group, equities analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ADBE. Rothschild & Co Redburn lowered shares of Adobe from a "neutral" rating to a "sell" rating and set a $280.00 target price on the stock. in a research report on Wednesday, July 2nd. Wells Fargo & Company reiterated an "overweight" rating and set a $470.00 price target (up previously from $430.00) on shares of Adobe in a report on Friday, June 13th. Bank of America lifted their price target on shares of Adobe from $424.00 to $475.00 and gave the stock a "buy" rating in a report on Friday, June 13th. Wall Street Zen upgraded shares of Adobe from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Finally, Redburn Partners set a $280.00 price target on shares of Adobe in a research note on Monday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $435.63.

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.