Navera Investment Management Ltd. Has $343,000 Stake in Adobe Inc. $ADBE

Key Points

• Navera Investment Management Ltd. significantly reduced its stake in Adobe Inc. by 99.6%, owning just 886 shares worth $343,000 after selling 218,351 shares in the second quarter.
• Several institutional investors have increased their positions in Adobe, with Assenagon Asset Management boosting its shares by 308.1%, now holding over $1.2 billion in stock.
• Adobe recently reported earnings of $5.31 EPS, beating expectations and showing a revenue increase of 10.7% year-over-year, alongside a return on equity of 57.54%.

Navera Investment Management Ltd. decreased its stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 99.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 886 shares of the software company's stock after selling 218,351 shares during the quarter. Navera Investment Management Ltd.'s holdings in Adobe were worth $343,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ADBE. Assenagon Asset Management S.A. increased its position in shares of 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 worth $1,202,979,000 after purchasing an additional 2,347,562 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Adobe by 68.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,575,792 shares of the software company's stock worth $1,754,954,000 after purchasing an additional 1,856,544 shares during the last quarter. Nuveen LLC acquired a new position in shares of Adobe during the 1st quarter worth approximately $607,443,000. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of Adobe by 1,482.7% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,298,389 shares of the software company's stock worth $498,000 after purchasing an additional 1,216,351 shares during the last quarter. Finally, Amundi increased its position in shares of Adobe by 24.7% during the 1st quarter. Amundi now owns 4,848,521 shares of the software company's stock worth $1,782,642,000 after purchasing an additional 961,895 shares during the last quarter. Institutional investors and hedge funds own 81.79% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Redburn Partners set a $280.00 price target on Adobe in a research report on Monday, September 1st. Phillip Securities upgraded Adobe from a "moderate sell" rating to a "strong-buy" rating in a research note on Monday, June 16th. Morgan Stanley downgraded Adobe from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $520.00 to $450.00 in a research note on Wednesday, September 24th. Melius downgraded Adobe from a "hold" rating to a "sell" rating and set a $310.00 target price for the company. in a research note on Monday, August 11th. Finally, Wall Street Zen upgraded Adobe from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $433.41.

Adobe Stock Performance

ADBE opened at $348.31 on Wednesday. The business has a fifty day simple moving average of $352.39 and a 200 day simple moving average of $371.72. The company has a market capitalization of $145.80 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 1.57 and a beta of 1.49. Adobe Inc. has a 1 year low of $330.04 and a 1 year high of $557.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02.

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