PKO Investment Management Joint Stock Co Sells 2,052 Shares of Adobe Inc. $ADBE

Key Points

• PKO Investment Management Joint Stock Co reduced its stake in Adobe Inc. by 11.4%, selling 2,052 shares and retaining a total of 16,000 shares worth approximately $6.19 million.
• The current consensus from analysts includes one Strong Buy, thirteen Buy, eleven Hold, and three Sell ratings, with an average target price of $433.41.
• Adobe reported earnings of $5.31 per share for the last quarter, exceeding estimates, with revenue increasing by 10.7% year-over-year to $5.99 billion.

PKO Investment Management Joint Stock Co trimmed its stake in Adobe Inc. (NASDAQ:ADBE - Free Report) by 11.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,000 shares of the software company's stock after selling 2,052 shares during the period. PKO Investment Management Joint Stock Co's holdings in Adobe were worth $6,190,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. PFG Advisors grew its holdings in shares of Adobe by 20.8% during the first quarter. PFG Advisors now owns 4,964 shares of the software company's stock worth $1,904,000 after purchasing an additional 855 shares during the last quarter. Krane Funds Advisors LLC lifted its stake in shares of Adobe by 110.4% during the first quarter. Krane Funds Advisors LLC now owns 1,391 shares of the software company's stock valued at $533,000 after acquiring an additional 730 shares during the period. Financial Counselors Inc. lifted its stake in shares of Adobe by 9.2% during the first quarter. Financial Counselors Inc. now owns 62,851 shares of the software company's stock valued at $24,105,000 after acquiring an additional 5,298 shares during the period. Jackson Thornton Wealth Management LLC acquired a new position in shares of Adobe during the second quarter valued at $328,000. Finally, Koss Olinger Consulting LLC acquired a new position in shares of Adobe during the first quarter valued at $305,000. Institutional investors own 81.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ADBE shares. DA Davidson restated a "buy" rating and set a $500.00 target price on shares of Adobe in a report on Friday, September 12th. Melius lowered Adobe from a "hold" rating to a "sell" rating and set a $310.00 price target on the stock. in a research report on Monday, August 11th. Royal Bank Of Canada dropped their price target on Adobe from $480.00 to $430.00 and set an "outperform" rating on the stock in a research report on Monday, September 8th. JMP Securities reaffirmed a "market perform" rating on shares of Adobe in a research report on Friday, September 12th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Adobe in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $433.41.

Adobe Stock Down 0.2%

ADBE stock opened at $353.52 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. The business has a 50 day moving average price of $351.71 and a two-hundred day moving average price of $368.72. The company has a market cap of $147.98 billion, a price-to-earnings ratio of 22.03, a P/E/G ratio of 1.59 and a beta of 1.49. Adobe Inc. has a twelve month low of $327.50 and a twelve month high of $557.90.

Adobe (NASDAQ:ADBE - Get Free Report) last posted 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. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The firm had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same period last year, the company earned $4.65 earnings per share. The business's revenue was up 10.7% compared to the same quarter last year. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. Analysts anticipate that Adobe Inc. will post 16.65 EPS for the current fiscal year.

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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