Norinchukin Bank The Boosts Stock Holdings in Adobe Inc. $ADBE

Key Points

• Norinchukin Bank The increased its holdings in Adobe Inc. by 41.2% during the first quarter, resulting in ownership of 40,183 shares valued at approximately $15.4 million.
• Adobe's latest earnings report showed an EPS of $5.06, surpassing the consensus estimate by $0.09, with quarterly revenue reaching $5.87 billion.
• Analysts maintain a generally positive outlook on Adobe, with a consensus target price of $467.58 and ratings that include two Strong Buy, fifteen Buy, and three Sell ratings.

Norinchukin Bank The lifted its holdings in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 41.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,183 shares of the software company's stock after buying an additional 11,734 shares during the quarter. Norinchukin Bank The's holdings in Adobe were worth $15,411,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Siemens Fonds Invest GmbH grew its position in shares of Adobe by 252.9% in the fourth quarter. Siemens Fonds Invest GmbH now owns 55,658 shares of the software company's stock valued at $25,000 after purchasing an additional 39,888 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in Adobe in the 1st quarter worth about $26,000. SWAN Capital LLC purchased a new position in Adobe during the 4th quarter valued at about $28,000. Copia Wealth Management bought a new stake in shares of Adobe during the fourth quarter valued at about $28,000. Finally, HHM Wealth Advisors LLC purchased a new stake in shares of Adobe in the first quarter worth about $30,000. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Adobe Stock Performance

NASDAQ:ADBE opened at $353.43 on Thursday. Adobe Inc. has a 1-year low of $330.04 and a 1-year high of $587.75. 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 business has a 50 day moving average of $368.37 and a 200 day moving average of $391.09. The company has a market capitalization of $149.93 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 1.71 and a beta of 1.51.

Adobe (NASDAQ:ADBE - Get Free Report) last released its earnings results on Thursday, June 12th. The software company reported $5.06 EPS for the quarter, beating the consensus estimate of $4.97 by $0.09. The company had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.80 billion. Adobe had a net margin of 30.39% and a return on equity of 53.68%. The firm's quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the firm earned $4.48 EPS. Adobe has set its Q3 2025 guidance at 5.150-5.200 EPS. FY 2025 guidance at 20.500-20.700 EPS. On average, sell-side analysts predict that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ADBE shares. Citigroup reduced their price objective on shares of Adobe from $465.00 to $450.00 and set a "neutral" rating for the company in a research note on Monday, June 16th. Mizuho lowered their price objective on Adobe from $575.00 to $530.00 and set an "outperform" rating on the stock in a research report on Friday, June 13th. Evercore ISI restated an "outperform" rating and set a $475.00 target price on shares of Adobe in a research report on Friday, June 13th. DA Davidson reaffirmed a "buy" rating and issued a $500.00 price target on shares of Adobe in a report on Friday, June 20th. Finally, Phillip Securities raised Adobe from a "moderate sell" rating to a "strong-buy" rating in a report on Monday, June 16th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Adobe presently has an average rating of "Moderate Buy" and a consensus target price of $467.58.

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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