Northwestern Mutual Wealth Management Co. Sells 12,889 Shares of Adobe Inc. $ADBE

Key Points

• Northwestern Mutual Wealth Management Co. reduced its stake in Adobe Inc. by 8.5%, selling 12,889 shares, resulting in a total ownership of 138,251 shares valued at $53 million at the end of the quarter.
• Adobe's recent earnings report showed an EPS of $5.06, exceeding estimates and reflecting a 10.6% year-over-year revenue increase to $5.87 billion.
• Analysts have mixed sentiments on Adobe's stock, with recent downgrades setting price targets as low as $280 and the average rating currently at "Moderate Buy" with a target price of $467.58.

Northwestern Mutual Wealth Management Co. lessened its stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 8.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 138,251 shares of the software company's stock after selling 12,889 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Adobe were worth $53,023,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. AlphaQuest LLC raised its stake in shares of Adobe by 26.7% during the first quarter. AlphaQuest LLC now owns 1,400 shares of the software company's stock valued at $537,000 after acquiring an additional 295 shares in the last quarter. Van Hulzen Asset Management LLC raised its stake in shares of Adobe by 1.2% during the first quarter. Van Hulzen Asset Management LLC now owns 14,435 shares of the software company's stock valued at $5,536,000 after acquiring an additional 171 shares in the last quarter. RPG Investment Advisory LLC raised its stake in shares of Adobe by 105.3% during the first quarter. RPG Investment Advisory LLC now owns 48,448 shares of the software company's stock valued at $18,581,000 after acquiring an additional 24,844 shares in the last quarter. Kelly Lawrence W & Associates Inc. CA raised its stake in shares of Adobe by 0.5% during the first quarter. Kelly Lawrence W & Associates Inc. CA now owns 23,179 shares of the software company's stock valued at $8,890,000 after acquiring an additional 120 shares in the last quarter. Finally, Compound Planning Inc. raised its stake in shares of Adobe by 24.4% during the first quarter. Compound Planning Inc. now owns 4,774 shares of the software company's stock valued at $1,831,000 after acquiring an additional 936 shares in the last quarter. Institutional investors own 81.79% of the company's stock.

Adobe Trading Up 2.5%

NASDAQ ADBE opened at $362.09 on Friday. 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 firm has a market cap of $153.60 billion, a PE ratio of 23.17, a price-to-earnings-growth ratio of 1.72 and a beta of 1.51. The company has a 50 day moving average price of $366.57 and a 200 day moving average price of $389.64. Adobe Inc. has a 52 week low of $330.04 and a 52 week high of $587.75.

Adobe (NASDAQ:ADBE - Get Free Report) last posted its quarterly earnings data on Thursday, June 12th. The software company reported $5.06 EPS for the quarter, topping the consensus estimate of $4.97 by $0.09. The firm had revenue of $5.87 billion during 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%. Adobe's revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $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. As a group, sell-side analysts forecast that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ADBE. Mizuho decreased their price target on shares of Adobe from $575.00 to $530.00 and set an "outperform" rating for the company in a research note on Friday, June 13th. Rothschild & Co Redburn downgraded shares of Adobe from a "neutral" rating to a "sell" rating and set a $280.00 price objective on the stock. in a research note on Wednesday, July 2nd. Melius downgraded shares of Adobe from a "hold" rating to a "sell" rating and set a $310.00 price objective on the stock. in a research note on Monday, August 11th. Stifel Nicolaus dropped their price objective on shares of Adobe from $525.00 to $480.00 and set a "buy" rating on the stock in a research note on Friday, June 13th. Finally, Redburn Atlantic downgraded shares of Adobe from a "hold" rating to a "strong sell" rating and dropped their price objective for the company from $420.00 to $280.00 in a research note on Wednesday, July 2nd. 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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.

Want to see what other hedge funds are holding ADBE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Adobe Inc. (NASDAQ:ADBE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.